Hutchinson Technology Reports First Quarter Results

Program Ramps Continue to Partially Offset Market Weakness

Hutchinson Technology Incorporated (HTCH) today reported a net loss of $6.5 million, or $0.27 per share, on net sales of $63.7 million for its fiscal 2013 first quarter ended December 30, 2012. Results for the quarter included $1.0 million of severance costs and $1.0 million of non-cash interest expense. Excluding these items, the company's first quarter net loss was $4.5 million, or $0.19 per share.

In the preceding quarter, the company reported a net loss of $14.7 million, or $0.62 per share, on net sales of $63.6 million. Excluding certain items, the non-GAAP net loss in the preceding quarter was $13.0 million, or $0.54 per share. A detailed reconciliation of GAAP to non-GAAP results is provided in the accompanying financial statements.

Lattice Semiconductor Reports Fourth Quarter 2012 Results

Lattice Semiconductor Corporation ( NASDAQ : LSCC )

Financial Highlights:

• Revenue of $65.9 million, a decrease of 7.1% from $70.9 million in 3Q12 and a decrease of 6.1% from $70.2 million in 4Q11.
• Gross margin of 54.2%, compared to 54.4% in 3Q12 and 57.7% in 4Q11.
• Net loss of $0.06 per basic and diluted share, compared to net loss of $0.02 per basic and diluted share in 3Q12 and net income of $0.34 per diluted share in 4Q11. 4Q12 financial results included a $0.4 million ($0.00 per basic and diluted share) income tax expense, $0.8 million of amortization expense from acquired intangibles and $5.4 million of restructuring related charges. 

  Published: 25 January 2013

  Written by Editor

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Cree Reports Financial Results for the Second Quarter of Fiscal Year 2013

Quarterly Revenue increased 14% year-over-year to a record $346 million Quarterly Net Income increased 69% year-over-year to $20.4 million

Cree, Inc. (CREE), a market leader in LED lighting, today announced revenue of $346.3 million for its second quarter of fiscal 2013, ended December 30, 2012. This represents a 14% increase compared to revenue of $304.1 million reported for the second quarter of fiscal 2012 and a 10% increase compared to the first quarter of fiscal 2013. GAAP net income for the second quarter was $20.4 million, or $0.18 per diluted share, an increase of 69% year-over-year compared to GAAP net income of $12.1 million, or $0.10 per diluted share, for the second quarter of fiscal 2012.

Diodes Incorporated to Acquire BCD Semiconductor Manufacturing Limited

All-Cash Transaction Valued at $151 Million for BCD Semiconductor’s $137 Million in TTM Revenue and Approximately $39 Million of Cash Equivalents as of September 30, 2012

Diodes Incorporated (DIOD), a leading global manufacturer and supplier of high-quality application specific standard products within the broad discrete, logic and analog semiconductor markets, and BCD Semiconductor Manufacturing Limited ("BCD Semiconductor" or "BCD") (BCDS), a leading analog integrated device manufacturer incorporated in the Cayman Islands, today announced that Diodes has entered into an Agreement and Plan of Merger to acquire BCD.