NVIDIA Reports Financial Results for Third Quarter of Fiscal 2009

NVIDIA Corporation (Nasdaq: NVDA) today reported financial results for the third quarter of fiscal 2009 ended October 26, 2008.

For the third quarter of fiscal 2009, revenue was $897.7 million compared to $1.12 billion for the third quarter of fiscal 2008, a decrease of 20 percent. For the nine months ended October 26, 2008, revenue increased to $2.94 billion compared to $2.90 billion for the nine months ended October 28, 2007, an increase of 2 percent.

During the third quarter of fiscal 2009, NVIDIA recorded an $8.3 million charge against operating expenses related to restructuring costs in connection with its workforce reduction. These pre-tax charges are comprised of severance and related expenses.

NVIDIA's results for the third quarter of fiscal 2009, computed in accordance with U.S. generally accepted accounting principles (GAAP), included net income of $61.7 million, or $0.11 per diluted share.

ANSYS Reports Strong Core Revenue Growth and Robust Operating Results for the Third Quarter

ANSYS, Inc. (NASDAQ: ANSS), a global innovator of simulation software and technologies designed to optimize product development processes, today announced the Company’s third quarter operating results. The Company has also provided its initial outlook for the 2009 fiscal year.

Jim Cashman, president and CEO, commented on the Company’s third quarter 2008 performance stating, “This quarter was another important milestone in the ANSYS journey as we completed the strategic acquisition of Ansoft. We remain optimistic that today’s quarterly report, which includes two months of operations as a combined company, is only the beginning as we continue to focus and execute on our integration plan and long-term strategy for the Company.

SanDisk Introduces ExtremeFFS - New Flash Management System for Improving SSD Performance and Reliability

SanDisk^® Corporation (NASDAQ: SNDK) today unveiled an advanced flash file system for solid-state drives (SSDs) that yields dramatic improvement in performance and reliability for computing applications. Called ExtremeFFS^™, this next-generation patented flash management system – which has the potential to accelerate random write speeds by up to 100 times over existing systems – will ship in SanDisk products during 2009.

Speaking in Los Angeles at WinHEC 2008, Rich Heye, senior vice president and general manager for SanDisk’s Solid-State Drive (SSD) Business Unit, presented ExtremeFFS along with two metrics – vRPM and LDE – that can help end-users evaluate SSDs. vRPM enables comparisons in performance between an SSD and a hard disk drive (HDD) or another SSD, and LDE calculates the lifespan of a solid-state drive.

Silicom Reports Financial Results for Q3 and 1st Nine Months of 2008

Silicom Ltd. (NASDAQ and TASE: SILC) today reported its financial results for the third quarter and nine months ended September 30, 2008.

Revenues for the third quarter of 2008 were $6.1 million, a 19% increase compared sequentially with revenues of $5.2 million recorded in the second quarter of 2008 and an 8% decrease compared year-over-year with revenues of $6.6 million recorded in the third quarter of 2007. Net income for the third quarter of 2008 was $0.9 million, or $0.14 per share (basic and diluted), a 192% increase compared sequentially with $0.3 million, or $0.05 per share (basic and diluted) for the second quarter of 2008, and a 43% decrease compared year-over-year with net income of $1.6 million, or $0.25 per share (basic and diluted), for the third quarter of 2007.