Mindspeed Reports Fiscal Second Quarter 2010 Results

(*) On October 3, 2009, the Company adopted FASB ASC 470-20 for the accounting of convertible debt instruments that may be settled in cash upon conversion (including partial cash settlements). In accordance with this standard, our prior period financial statements have been adjusted to record a debt discount for the conversion feature and the subsequent amortization to interest expense. The associated increase in our net loss for the three and six months ended April 3, 2009, was $0.2 million and $2.4 million, respectively. The increase in our net loss in the first six months of fiscal 2009 represents both amortization of the debt discounts as well as a reduction in the gain we recorded on our debt extinguishments.

 
MINDSPEED TECHNOLOGIES, INC.
Selected Corporate Data

(unaudited, in thousands)

 
  Three months ended   Six months ended
April 2,   January 1,   April 3, April 2,   April 3,
2010 2010 2009 2010 2009
 
Gross margin % 64 % 64 % 49 % 64 % 59 %

 

 

 

 

 

Cash provided by/(used in):
Operating activities $ 4,720 $ 1,981 $ (4,007 ) $ 6,701 $ (7,274 )
Investing activities (2,239 ) (808 ) (1,417 ) (3,047 ) (3,592 )
Financing activities 17,325 (10,607 ) (12 ) 6,718 (17,576 )
Effect of foreign currency on cash   61     24     (26 )   85     (23 )
Net increase/(decrease) in cash $ 19,867   $ (9,410 ) $ (5,462 ) $ 10,457   $ (28,465 )
 
Depreciation $ 1,230 $ 1,192 $ 1,271 $ 2,422 $ 2,574
Capital expenditures 1,315 1,833 1,186 3,148 2,970
 
Revenues by region:
Americas $ 7,888 $ 8,618 $ 8,734 $ 16,506 $ 21,053
Europe 3,508 2,352 3,533 5,860 7,014
Asia-Pacific   28,857     26,056     16,266     54,913     31,197  
$ 40,253   $ 37,026   $ 28,533   $ 77,279   $ 59,264  
 
Revenues by product line:
Multiservice access DSP products $ 16,168 $ 13,955 $ 10,781 $ 30,123 $ 21,570
High-performance analog products 13,531 11,580 8,162 25,111 18,681
WAN communications products   10,554     11,491     7,590     22,045     14,013  
Total net product revenues 40,253 37,026 26,533 77,279 54,264
Intellectual property           2,000         5,000  
Total net revenues $ 40,253   $ 37,026   $ 28,533   $ 77,279   $ 59,264  



« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9  Next Page »



Review Article Be the first to review this article
True Circuits:

Featured Video
Jobs
Technical Support Engineer for EDA Careers at Freemont, CA
SOC Logic Design Engineer for Global Foundaries at Santa Clara, CA
Sr. Staff Design SSD ASIC Engineer for Toshiba America Electronic Components. Inc. at San Jose, CA
FAE FIELD APPLICATIONS SAN DIEGO for EDA Careers at San Diego, CA
Technical Marketing Manager Valley for EDA Careers at San Jose, CA
Principal Engineer FPGA Design for Intevac at Santa Clara, CA
Upcoming Events
FPGA 2017 at 350 Calle Pincipal, Marriott Hotel Monterey CA - Feb 22 - 24, 2017
DVCon 2017 Conference at DoubleTree Hotel San Jose CA - Feb 27 - 2, 2017
IoT Summit 2017 at Great America ballroom, Santa Clara Convention Center Santa Clara CA - Mar 16 - 17, 2017
SNUG Silicon Valley 2017 at Santa Clara Convention Center Santa Clara CA - Mar 22 - 23, 2017
DownStream: Solutions for Post Processing PCB Designs
Verific: SystemVerilog & VHDL Parsers
TrueCircuits: UltraPLL



Internet Business Systems © 2017 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — 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 Policy