Programmable chip maker Xilinx, Inc. said after Thursday's close it expects sales in its upcoming quarter at the low end of its prior guidance range, which had called for growth in a range of 1%-5%. The company expects gross margins in a range of 62%--63%, slightly higher than previously expected, with operating expenses falling about 5% sequentially, also slightly better than previously expected. Last quarter Xilinx posted EPS of $0.27 on net revenue of $443.5 million. Shares fell 0.44% on the news in after hours trading.
Sources: Press Release, MarketWatch, TheStreet.com, AP
Commentary: Bear Stearns Cautions Investors On Xilinx, Altera; Sees Weakening PLD Market • Xilinx is the First Semi To Impress This Quarter • Xilinx Issues Convertible Notes At No Benefit To Shareholders
Stocks/ETFs to watch: Xilinx, Inc. (NASDAQ:XLNX). Competitors: Altera Corporation (NASDAQ:ALTR), Lattice Semiconductor (NASDAQ:LSCC), Actel Corporation (OTCPK:ACTL). ETFs: Semiconductor HOLDRs (NYSEARCA:SMH), SPDR S&P Semiconductor (NYSEARCA:XSD)
Conference call transcripts: Xilinx F4Q07 (Qtr End 3/31/07) Earnings Call Transcript
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