This month, Supertex announced that it expects third fiscal quarter revenue to be in the range of $17-to-$18 million. This represents a decline of 19 percent from the company's previous third fiscal quarter sales guidance of a moderate sequential decline, or mid-to-high single digits, which translated into expected revenue of $21.1-to-$22.3 million.
"In recent weeks we have seen a decline and some push-outs in orders across all of our target markets resulting from the weak global economy," stated Henry C. Pao, president and CEO, in a statement in the disclosure. "We have already taken actions to cut expenses and reduce costs. In spite of the declining economic conditions resulting in reduced shipments, we expect to remain profitable and cash flow positive for the quarter. As we continue to collaborate with our tier one OEM partners in new product development, particularly in medical ultrasound and LED back-lighting and general lighting markets, we see strong sales growth opportunities when the economy begins to recover."
Microchip recently said sales for the second quarter of fiscal 2009 were a record $269.7 million, up 0.6 percent sequentially from net sales of $268.2 million in the immediately preceding quarter, and up 4.3 percent from net sales of $258.6 million in the prior year's second quarter.
GAAP earnings per diluted share for the second quarter of fiscal 2009 was 41 cents, up 1.9 percent from GAAP earnings per diluted share of 40 cents in the immediately preceding quarter, and up 48.9 percent from GAAP earnings per diluted share of 27 cents in the prior year's second quarter.
Net sales for the quarter ending Dec. 31, 2008 are currently anticipated to be down 8-to-16 percent compared to the September 2008 quarter.
Recently, Microchip acquired Hampshire Company Inc. for an undisclosed price. The move expands Microchip's offerings. Hampshire (Brown Deer, Wisc.) is a supplier of universal touch screen controller electronics and software technology.