MANHASSET, N.Y. Semiconductor supplier Integrated Device Technology Inc. posted a net loss of $42.3 million, or 21 cents per share, on sales of $160.8 million in its third fiscal 2006 quarter ended Jan. 1, 2006. This compares with a net loss of $19.5 million, or 16 cents per share on sales of $105.7 million in the previous fiscal quarter.
IDT’s (San Jose, Calif.) results included $64.8 million of acquisition-related charges, $4.1 million in taxes related to foreign earnings repatriation, and $0.6 million in restructuring-related charges. In addition, results reflected the first full quarter of results for the company following IDT’s acquisition of Integrated Circuits Systems for $1.7 billion in June.
"Our integration of ICS is on track and we are beginning to realize synergies relating to this merger. Our profitability in the third quarter reflects the benefits of the merger integration as well as our own restructuring plans," said Greg Lang, president and CEO of IDT, in a statement.