Cirrus Logic, Inc. (Nasdaq: CRUS), a leader in high-precision analog and digital signal processing components, today posted on its investor relations website at http://investor.cirrus.com the quarterly Shareholder Letter that contains the complete financial results for the fourth quarter and full fiscal year 2014, which ended March 29, as well as the company’s current business outlook.…
DetailsFreescale Semiconductor, Ltd. (NYSE:FSL) today announced financial results for the first quarter ended April 4, 2014. Highlights include: “We continue to see solid progress on our initiatives to increase revenue and improve gross margin,” said Gregg Lowe, president and CEO. “All five product groups generated revenue growth sequentially and year over year. With a 15…
DetailsFreescale Semiconductor, Ltd. (NYSE:FSL) today announced that it has selected Dan Durn as senior vice president and chief financial officer, replacing current CFO, Alan Campbell, who announced his decision to retire in January of this year. Durn will assume CFO responsibilities for the company in June 2014. Campbell completes a 34-year career at Freescale and…
DetailsGlobal provider of low volume, high mix electronics manufacturing services for the aerospace and defense markets, TT Electronics Integrated Manufacturing Services (TT Electronics-IMS) continues to expand its footprint and service offerings. The company announced today that it has opened a new engineering office in Cary, North Carolina. With North American operations based in Perry, Ohio,…
DetailsAvnet, Inc. (NYSE:AVT) today announced results for the third quarter fiscal year 2014 ended March 29, 2014. Sales for the quarter ended March 29, 2014 increased 6.1% year over year to $6.7 billion; organic sales (as defined later in the document) grew 3.7% year over year and 3.5% in constant currency Gross profit margin of 12.0% increased…
DetailsLSI Corporation (NASDAQ: LSI) today reported results for its first quarter ended March 30, 2014. On December 15, 2013, LSI entered into a definitive agreement with Avago Technologies Limited (NASDAQ: AVGO) under which Avago has agreed to acquire LSI for $11.15 per share in an all-cash transaction valued at approximately $6.6 billion. In anticipation of…
DetailsQualcomm Incorporated (Nasdaq: QCOM), a leading developer and innovator of advanced wireless technologies, products and services, today announced results for the second quarter of fiscal 2014 ended March 30, 2014. “We delivered another solid quarter, driven by demand for our leading multimode 3G/LTE chipset solutions and record licensing revenues,” said Steve Mollenkopf, CEO of Qualcomm…
DetailsSCHAFFHAUSEN, Switzerland, April 23, 2014 /PRNewswire/ — TE Connectivity Ltd. (NYSE: TEL) today reported results for the fiscal second quarter ended March 28, 2014. Second Quarter Highlights Net sales increased to $3.43 billion, up 6 percent organically versus the prior year Adjusted Earnings Per Share were $0.95, up 25 percent versus the prior year Diluted…
DetailsXilinx, Inc. (Nasdaq: XLNX) today announced fiscal 2014 sales of $2.38 billion, up 10% from the prior fiscal year. Fiscal 2014 net income increased 29% to $630 million, or $2.19 per diluted share, versus fiscal 2013 net income of $488 million or $1.79 per diluted share. Fourth quarter fiscal 2014 sales were $618 million, up…
DetailsTexas Instruments Incorporated (TI) (NASDAQ: TXN) today reported first-quarter revenue of $2.98 billion, net income of $487 million and earnings per share of 44 cents. Results include a gain of $37 million, which was not included in the company’s prior outlook and increased earnings by 2 cents per share, for sales of a site and…
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