Pericom Semiconductor Reports Fiscal Q3 2008 Financial Results

    DisplayPort is a trademark of VESA (http://www.vesa.org)
    PCI Express is a registered trademark of PCI SIG (http://www.pcisig.org)



                      Pericom Semiconductor Corporation
                    Consolidated  Statements of Operations
                    (In thousands, except per share data)
                                 (unaudited)

                                    Three Months Ended       Nine Months Ended
                                 Mar 29   Dec 29   Mar 31    Mar 29     Mar 31
                                  2008     2007     2007      2008       2007

    Net revenues                 $41,177  $40,726  $30,182  $120,371  $91,850

    Cost of revenues              25,709   25,694   19,960    75,870   60,530

      Gross profit                15,468   15,032   10,222    44,501   31,320

    Operating expenses:

      Research and development     4,503    4,278    4,048    12,863   12,030

      Selling, general and
       administrative              5,705    5,786    5,342    17,330   16,056

           Total                  10,208   10,064    9,390    30,193   28,086

    Income from operations         5,260    4,968      832    14,308    3,234

    Interest and other income        903    1,622    2,496     3,895    4,927

    Other than temporary decline
     in value of investment          (52)       0       (5)      (52)      (6)

    Income before income taxes     6,111    6,590    3,323    18,151    8,155

    Income tax expense             2,054    2,344      788     6,089    2,099

    Minority interest in
     (income) loss in
     consolidated subsidiary         (47)     (19)      (7)      (63)     (37)

    Equity in income (loss) of
     investees                       131      169       86       421      476

    Net income                    $4,141   $4,396   $2,614   $12,420   $6,495

    Basic income per share         $0.16    $0.17    $0.10     $0.48    $0.25

    Diluted income per share       $0.16    $0.16    $0.10     $0.47    $0.24

    Shares used in computing
     basic income
     per share                    25,835   25,888   26,109    25,823   26,118

    Shares used in computing
     diluted income
     per share                    26,633   26,959   26,702    26,657   26,725



                      Pericom Semiconductor Corporation
                    Condensed Consolidated Balance Sheets
                                (In thousands)

                                                   As of              As of
                                                Mar 29,2008       Jun 30, 2007
                                                (unaudited)
                      Assets

    Current Assets:

          Cash & cash equivalents                  $17,334            $29,173
          Short-term investments                    92,741             42,268
          Accounts receivable                       28,533             19,621
          Inventories                               18,988             14,787
          Prepaid expenses and other
           current  assets                                                            967                                669
                    Deferred  income  taxes                                            3,967                            4,280
                                Total  current  assets                              162,530                        110,798

        Property  and  equipment,  net                                          28,941                          23,940
        Investments  in  unconsolidated  affiliates                10,192                            9,619
        Deferred  income  taxes-non  current                                5,434                            5,572
        Long-term  investment  in  marketable
          securities                                                                            8,020                          59,574
        Goodwill                                                                                  1,325                            1,348
        Intangible  assets                                                                1,186                            1,311
        Other  assets                                                                          2,820                            2,073
                                Total  assets                                            $220,448                      $214,235


                                Liabilities  and  Shareholders'  Equity

        Current  liabilities:

                    Accounts  payable                                                  $12,160                        $12,553
                    Accrued  liabilities                                                9,789                            8,718
                    Current  portion  of  long-term  debt                            0                                392
                                Total  current  liabilities                      21,949                          21,663

        Long-term  debt                                                                              0                                388
        Deferred  tax  liabilities                                                      797                                797
        Other  long-term  liabilities                                                    0                                    3
        Minority  interest  in  consolidated
          subsidiaries                                                                        1,064                                906
                                Total  liabilities                                      23,810                          23,757

        Shareholders'  equity:
                    Common  stock                                                          125,238                        135,887
                    Retained  earnings  and  other                              71,400                          54,591
                                Total  shareholders'  equity                  196,638                        190,478

                                Total  liabilities  and
                                  shareholders'  equity                          $220,448                      $214,235
 





Review Article Be the first to review this article
Aldec

ClioSoft at DAC

Featured Video
Jobs
Senior Electrical Engineer for Allen & Shariff Corporation at Pittsburgh, Pennsylvania
Upcoming Events
DAC 2018 at Moscone Center West San Francisco CA - Jun 24 - 28, 2018
Symposium on Counterfeit Parts and Materials 2018 at College Park Marriott Hotel & Conference Center MD - Jun 26 - 28, 2018
Concar Expo 2018 at Convention Hall II Sonnenallee 225 Berlin Germany - Jun 27 - 28, 2018
Nanotech 2019 at Tokyo Big Sight East Halls 4-6 & Conference Tower Tokyo Japan - Jun 30 - 1, 2018
ClioSoft at DAC
Altair



Internet Business Systems © 2018 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