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Quote.com News Item #9808553
Headline: TABLE - VLSI Technology (NASDAQ:VLSI) Q1 results
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SAN JOSE, Calif., April 19 (Reuters) -
VLSI TECHNOLOGY, INC.
CONSOLIDATED CONDENSED STATEMENTS OF INCOME - UNAUDITED
(thousands, except per share amounts)
Three Months Ended
Apr 2, Dec. 25, Mar 27,
1999 1998 1998
Net revenues $149,577 $137,869 $141,286
Cost of sales 91,717 84,887 82,940
Gross profit 57,860 52,982 58,346
Operating expenses:
Research and development 31,810 30,659 28,037
Marketing, general and administrative
23,957 21,864 26,297
Charges resulting from tender offer
4,500 -- --
Operating income (loss) (2,407) 459 4,012
Gain on sale of marketable securities
7,625 22,403 --
Interest income and other expenses, net
3,517 3,592 3,808
Interest expense (2,292) (2,622) (3,484)
Income before provision for taxes
on income 6,443 23,832 4,336
Provision for taxes on income 1,740 9,015 1,170
Net income 4,703 14,817 3,166
Net income per share - Basic 0.10 0.32 0.07
Net income per share - Diluted 0.09 0.31 0.07
Weighted-average common
shares outstanding - Basic 46,238 45,736 45,748
Weighted-average common
shares outstanding and assumed
conversions - Diluted 49,921 47,421 47,415
Copyright 1999, Reuters News Service |
