Analog Devices Announces Financial Results for the First Quarter of Fiscal Year 2007

  Summary of Estimated Stock-based Compensation, Restructuring- and
  Acquisition-Related Expenses for the Second Quarter Ending May 5,
                                 2007
               (In thousands, except per-share amounts)

Our GAAP results for the second quarter of fiscal 2007 are expected to
 include the following estimated amounts of stock-based compensation
 expense related to the adoption of FAS123R, restructuring-related
 expense and acquisition-related expense. The provision for taxes has
 been adjusted, as appropriate, to reflect the estimated tax effect of
 these items.


                Stock-Based    Restructuring- Acquisition-   Total
                 Compensation     Related       Related     Estimated
                   Expense         Expense       Expense    Impact on
                                                              GAAP
                                                             Income
                                                            Statement
--------------- ------------- --------------- ------------ ----------
Cost of Sales        $(2,855)                     $(2,103)   $(4,958)
--------------- ------------- --------------- ------------ ----------
Gross Margin           2,855               -        2,103      4,958
--------------- ------------- --------------- ------------ ----------
Operating
 Expenses:
   R&D                (8,451)              -            -     (8,451)
   Selling,
    Marketing
    and G&A           (7,427)              -         (700)    (8,127)
   Special
    Charges                -          (7,000)           -     (7,000)
--------------- ------------- --------------- ------------ ----------
Operating
 Income               18,733           7,000        2,803     28,536
--------------- ------------- --------------- ------------ ----------
Income Before
 Tax                  18,733           7,000        2,803     28,536
Provision for
 Taxes                 5,503           2,450          682      8,635
--------------- ------------- --------------- ------------ ----------
Net Income           $13,230          $4,550       $2,121    $19,901
=============== ============= =============== ============ ==========
Earnings per
 Share -
 Diluted
 Decrease             $0.039          $0.013       $0.006     $0.058

Reconciliation of Non-GAAP Financial Measures to Their Most Directly
                   Comparable GAAP Financial Measure

                                                  Estimated Range for
                                                   Three Months Ending
                                                       May 5, 2007
                                                  --------------------
                                                       Low / High
                                                  --------------------

Product Revenue                                   $640,000 / $670,000

GAAP Gross Margin as a % of Product Revenue          57.7% / 58.3%
      Stock-Based Compensation Expense                  $2,855
      Acquisition-Related Expense                       $2,103
Non-GAAP Gross Margin as a % of Product Revenue      58.5% / 59.0%


GAAP Diluted Earnings Per Share                      $0.31 / $0.36
      Stock-Based Compensation Expense                   0.04
      Restructuring-Related Expense                      0.01
      Acquisition-Related Expense                        0.01
                                                            --------------------
Non-GAAP  Diluted  Earnings  Per  Share                                    $0.37  /  $0.42
                                                                                                    ====================
 


« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8  Next Page »



Review Article Be the first to review this article
CST: Webinar

Aldec Simulator Evaluate Now

Featured Video
Jobs
ASIC Design Engineer for Infinera Corp at Sunnyvale, CA
Principal PIC Hardware Controls Engineer for Infinera Corp at Sunnyvale, CA
Design Verification Engineer for Cirrus Logic, Inc. at Austin, TX
Acoustic Systems Test Engineer for Cirrus Logic, Inc. at Austin, TX
Senior Formal FAE Location OPEN for EDA Careers at San Jose or Anywhere, CA
Upcoming Events
IC Open Innovation Panel During REUSE 2017 at Santa Clara Convention Center 5001 Great America Parkway Santa Clara CA - Dec 14, 2017
Essentials of Electronic Technology: A Crash Course at Columbia MD - Jan 16 - 18, 2018
Essentials of Digital Technology at MD - Feb 13 - 14, 2018
CST: Webinar series



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise