Shareholders plan class action against Vitesse News & Analysis 4/29/2006 Post a comment Shareholders in Vitesse Semiconductor are preparing a class action lawsuit against the troubled chip supplier following
allegations that the company may have issued unlawful, false and misleading financial statements for the three months ended December 31, 2005 and the three years ended September 30, 2005.
Matsushita profits double, sees slower growth News & Analysis 4/28/2006 Post a comment Japan's largest consumer electronics company, Matsushita Electric, posted its fourth consecutive year of increased sales and profits on the back of strong sales of plasma display TVs and digital electronics devices, but forecast lower growth for the year ahead.
Sony sees PS3, flat TVs as keys to recovery News & Analysis 4/28/2006 Post a comment Sony is forecasting sharp falls in operating profits at many of its divisions for the year ahead as it reported a Yen 66.5 billion ($581 million) loss for the January-March quarter, worse than the Yen 56.5 billion ($501 million) loss in the same period last year.
Strong growth predicted for semi inspection tools News & Analysis 4/28/2006 Post a comment The semiconductor inspection and metrology market is expected to grow 75 percent over the next three years and record sales of $6.6 billion in 2008, driven by the need for more refined inspection tools as the sector moves towards smaller dimensions on devices, according to a just published report from The Information Network.
IR profit flat despite higher sales News & Analysis 4/27/2006 Post a comment International Rectifier Corp. posted GAAP earnings of $25.7 million, or 36 cents per share on sales of $297.1 million, compared with $35.7 million, or 48 cents per share on sales of $281.9 million in the year-ago third fiscal quarter.
Infineon rose to No. 2 in DRAM in 1Q, iSuppli says News & Analysis 4/27/2006 Post a comment Infineon Technologies capitalized on weak performances by rivals to rise to the No. 2 position in global DRAM sales for the first time during the first quarter, according to preliminary estimates from market analyst firm iSuppli Corp.
Renesas' sales fall 10% on weak demand News & Analysis 4/27/2006 Post a comment Renesas Technology Corp. reported that fiscal 2005 year ended March with a 10 percent decline in sales to 906 billion yen ($7.9 billion) from 1 trillion yen ($8.7 billion) in fiscal 2004.
Hitachi profit declines News & Analysis 4/27/2006 Post a comment Japan-based Hitachi Ltd. reported earnings of $319 million on sales of $80.9 billion in its 2005 fiscal year ended March 31, 2006. Net earnings declined 28 percent from fiscal 2004, while sales rose 5 percent.
TSMC almost doubles 1Q net profits News & Analysis 4/27/2006 Post a comment Taiwan Semiconductor Manufacturing Co. nearly doubled net profits during its first quarter ended March 31 to $1 billion compared with the same period last year, citing better-than-expected demand for personal computers as one of the main drivers.
Dresden ramp on schedule, says AMD News & Analysis 4/27/2006 Post a comment Advanced Micro Devices, Inc.'s 300-mm wafer ramp-up here is "right on schedule, not a single day behind," according to Hans Deppe, corporate vice president and general manager of AMD Saxony.
LSI Logic, Maxim, Cirrus post higher sales News & Analysis 4/26/2006 Post a comment Semiconductor supplier LSI Logic Corp. reported GAAP net earnings of $19 million, or 5 cents per share on sales of $476 million in the first quarter, compared to $5 million, or 1 cent per share on sales of $450 million the first quarter of 2005.
Clock supports multiple distribution networks Product News 4/26/2006 Post a comment Lattice Semiconductor Corp. unveiled the first member of its ispClock5300S family of in-system programmable, zero-delay, single-ended universal buffer devices with four operating configurations to support the implementation of multiple clock distribution networks.
Agere narrows loss in March quarter News & Analysis 4/25/2006 Post a comment Semiconductor supplier Agere Systems Inc. posted sales of $397 million in its second 2006 fiscal quarter ended March, within the guidance range provided in January. By comparison, Agere's revenues were $403 million in the December quarter and $417 million in the year-ago quarter.
Atheros acquires IC company, sees profit decline News & Analysis 4/24/2006 Post a comment Wireless communications company Atheros Communications Inc. has signed a definitive agreement to acquire ZyDAS Technology Corp., a privately held fabless IC design company specializing in high-performance IEEE 802.11 wireless LAN (WLAN) semiconductor and software solutions for PC, mobile and embedded applications.