SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : LTX Corp. (LTXX) -- Ignore unavailable to you. Want to Upgrade?


To: John Miz who wrote (1517)5/26/1999 9:20:00 AM
From: Greg Thornton  Read Replies (1) | Respond to of 2126
 
You missed the best part:

Roger Blethen, President and Chief Executive Officer of LTX, commented on the quarter's results, ''Fusion's 'One Test Platform, Zero Compromises' strategy for the system-on-a-chip market began to produce results in the third quarter. Those results included higher sales and gross margins, lower operating expenses as a percent of sales, and improved operating income. Bookings for the quarter were $75 million, approximately twice the second quarter level. This was a direct result of significant competitive wins for Fusion's enabling technologies and its single-platform production efficiency.''

He does not state it directly, but $75MM bookings vs $43MM in sales gives a book-to-bill ratio of 1.74 (if you are into that sort of thing)!

GOOOO LTXX!!