RFMD Delivers Third Consecutive Quarter of Sequential Growth in Gross Margin, Operating Margin and Earnings Per Share
December 2009 Quarterly Highlights:
* Quarterly Revenue Grows Approximately 24% Year-Over-Year
* GAAP Gross Margin Expands To 36.4%, And Non-GAAP Gross Margin Expands To 38.4%
* GAAP Operating Margin Increases Sequentially 390 Basis Points To 13.4%, And Non-GAAP Operating Margin Increases Sequentially 140 Basis Points To 17.8%
* GAAP Diluted EPS Improves To $0.09, And Non-GAAP Diluted EPS Improves To $0.14
* Free Cash Flow Totals $41.9 Million In The December Quarter And $122.2 Million In The First Three Quarters Of Fiscal 2010
* RFMD Purchases And Retires $197 Million Of Convertible Notes Due 2010
RF Micro today reported financial results for its fiscal 2010 third quarter ended January 2, 2010. RFMD's December 2009 quarterly revenue increased approximately 24% year-over-year to $250.3 million. GAAP gross margin for the quarter increased sequentially from 35.9% to 36.4%, and non-GAAP gross margin increased sequentially from 38.1% to 38.4%. GAAP operating income was $33.6 million, and non-GAAP operating income was a quarterly record $44.6 million. GAAP net income was $24.9 million, or $0.09 per diluted share, and non-GAAP net income was a quarterly record $38.8 million, or $0.14 per diluted share.
To view in full goto:
http://ir.rfmd.com/releasedetail.cfm?ReleaseID=440542
Zacks Equity Research highlights Cree, Inc. as the Bull of the Day.
2010-01-27 10:41:41
Cree, Inc.is one of the leading producers of SiC and GaN-based LEDs. September quarter revenue and earnings exceeded consensus estimates.
The global movement to energy efficient lighting is prompting lighting companies and consumers to look at other options. Therefore, lighting will be the strongest end market for Cree, likely followed by video displays and notebooks. Yield improvements, higher capacity utilization, larger wafers and offshore production will increasingly offset new product ramp up costs.
The LED market is hot in our opinion, and the LLF acquisition opens up new opportunity. We are reiterating our BUY rating on CREE shares.
Get the full analysis of all these stocks by going to http://at.zacks.com/?id=2649.
About the Analyst Blog
Updated throughout every trading day, the Analyst Blog provides analysis from Zacks Equity Research about the latest news and events impacting stocks and the financial markets.
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
AXT, Inc. Schedules Fourth Quarter 2009 Earnings Release for February 23, 2010
2010-01-26 19:18:19
AXT, Inc. (NASDAQ: AXTI), a leading manufacturer of compound
The company will also host a conference call to discuss these results on February 23, 2010 at 1:30 p.m. PST. The conference call can be accessed at (719) 325-2223 (passcode 1457411). The call will also be simulcast on the Internet at www.axt.com. Replays will be available at (719) 457-0820 (passcode 1457411) until March 3, 2010. Financial and statistical information to be discussed in the call will be available on the company's website immediately prior to commencement of the call. Additional investor information can be accessed at http://www.axt.com or by calling the company's Investor Relations Department at (510)
683-5900.
About AXT, Inc.
AXT designs, develops, manufactures and distributes high-performance compound and single element semiconductor substrates comprising gallium arsenide (GaAs), indium phosphide (InP) and germanium (Ge) through its manufacturing facilities in Beijing, China. In addition, AXT maintains its sales, administration and customer service functions at its headquarters in Fremont, California. The company's substrate products are used primarily in lighting display applications, wireless communications, fiber optic communications and solar cell. Its vertical gradient freeze (VGF) technique for manufacturing semiconductor substrates provides significant benefits
over other methods and enabled AXT to become a leading manufacturer of such substrates. AXT has manufacturing facilities in China and invests in five joint ventures producing raw materials. For more information, see AXT's website at http://www.axt.com.
Contacts:
Raymond A. Low
Chief Financial Officer
(510) 683-5900
Leslie Green
Green Communications Consulting, LLC
(650) 312-9060
Oclaro to Announce Second Quarter Fiscal Year 2010 Financial Results
2010-01-26 14:42:07
Oclaro, Inc. will report financial results for its second quarter fiscal year 2010, which ended on January 2, 2010, on Monday, February 1, 2010 at 1:30 p.m. Pacific Time.
Date: Monday, February 1, 2010
Time: 4:30 p.m. ET/1:30 p.m. PT
Dial-in: (480) 629-9856
Passcode: None required
Replay: (303) 590-3030
Passcode: 4203741
Duration: Through February 8, 2010
A webcast of the conference call will be available in the Investors section of Oclaro's website at www.oclaro.com
RF Micro Devices 'supports advanced functionality for aerospace and defence'
2010-01-26 00:00:00
A new report by Fast Market Research has praised RF Micro Devices for enabling enhanced connectivity and worldwide mobility.
RF Micro Devices - which designs and manufactures high-performance compound semiconductors and radio frequency components - enables worldwide mobility, according to a new report.
A new report by Fast Market Research noted that RF Micro Devices also provides enhanced connectivity and support advanced functionality for the aerospace and defence, cellular handsets, wireless local area network and wireless infrastructure networks.
During the financial year ended March 2009, the firm recorded revenues of $886.5 million (£549 million), although this marked a 7.3 per cent fall over 2008.
RF Micro Devices previously revealed a net profit of $5.7 million in 2008. Its compound semiconductor and radio frequency components are also widely used in the cable television and broadband markets.
Another development last year saw RF Micro Devices announce it had passed 25 million units in shipments of its RF71xx family of 2G dual-band and quad-band transmit modules.
Commenting on the news, Eric Creviston, president of RF Micro Device's cellular products group, said "the product family continues to enjoy robust design activity across handset manufacturers and global platform providers as we continue to develop specific product derivatives".
Rubicon Technology, Inc. to Announce Fourth Quarter Earnings Results on February 9th, 2010
2010-01-28 02:12:37
Rubicon Technology, Inc. (Nasdaq:RBCN), a provider of sapphire substrates and products to the LED, Semiconductor, and Optical industries, will report financial results for the fourth quarter ended December 31, 2009 on Tuesday, February 9th, 2010 before the market opens.
In conjunction with the release, management will host a conference call at 7:30 a.m. CST on February 9th to review the financial results. To participate in the conference call, please dial (888) 680-0860or (617) 213-4852 (international) at least 10 minutes prior to the start of the call. Callers will need to reference conference ID 77011294.
You may also pre-register online for the conference call at: https://www.theconferencingservice.com/prereg/key.process?key=PR6MPKVYP
The conference call will also be webcast live over the Internet and can be accessed at the company's website: http://www.rubicon-es2.com/index.html.
An audio replay of the call will be available approximately two hours after the conclusion of the call. The audio replay will remain available until 11:59 p.m. February 16, 2010 and can be accessed by dialing (888)-286-8010 or (617) 801-6888 (international). Callers should reference conference ID 78129965. The webcast will be archived on the Company's website.
About RBCN: Rubicon Technology, Inc. is an advanced electronic materials provider that is engaged in developing, manufacturing and selling monocrystalline sapphire and other crystalline products for light-emitting diodes (LEDs), radio frequency integrated circuits (RFICs), blue laser diodes, optoelectronics and other optical applications. The Company applies its proprietary crystal growth technology to produce very high-quality sapphire in a form that allows for volume production of various sizes and orientations of substrates and windows. Rubicon is a vertically-integrated manufacturer with capabilities in crystal growth, high precision core drilling, wafer slicing, surface lapping, large-diameter polishing and wafer cleaning processes, which the Company employs to convert the bulk crystal into products with the quality and precision specified by its customers. The Company is actively developing larger diameter products to support next-generation LED, RFIC and optical window applications.
Further information is available at www.rubicon-es2.com.
Microsemi`s financial results reflect
2010-01-28 02:16:35
Compound semiconductor manufacturer Microsemi has revealed that net sales were up by $112.8 million for the first quarter of 2010.
Compound semiconductor manufacturer Microsemi has released its financial results for the first quarter of 2010 and revealed that net sales were up by $112.8 million (£70 million).
For the quarter ended December 27th 2009, non-generally accepted accounting principles (GAAP) gross margin in the first quarter increased to 49.6 per cent, up 100 basis points from the fourth quarter of 2009.
Non-GAAP net income stood at $21.1 million for the first quarter of this year, a rise from the $19.3 million during the fourth quarter of last year.
The non-GAAP effective tax rate for 2010's first quarter was 18.2 per cent.
"We are pleased with our first quarter results which showed continued strength in our business, especially in our analogue mixed signal markets," said James Peterson, president and chief executive officer of Microsemi.
Microsemi manufactures compound semiconductors and was last year awarded $2 million by Congress to develop critical silicon carbide-based components for Air Force platforms.
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