Cisco to Cut 5,500 Jobs

San Jose, Calif. — Cisco (NASDAQ: CSCO) Q4 Revenue: $12.6 billion Growth of 2% year over year — Q4 guidance was 0% to 3% growth year over year (normalized to exclude the SP Video CPE Business for Q4 FY 2015) Q4 Earnings per Share: $0.56 GAAP; $0.63 non-GAAP FY 2016 Revenue (normalized to exclude the…

Atmel Posts 6% Drop in Q3 Revenue

San Jose, Calif. — Atmel® Corporation (Nasdaq: ATML), a leader in microcontroller and touch solutions, today announced financial results for its third quarter ended September 30, 2015. Revenue for the third quarter of 2015 was $286.5 million, a 6% decrease compared to $306.4 million for the second quarter of 2015, and 23% lower compared to $374.5 million for the third quarter of 2014. GAAP…

Avnet Reports Revenue Growth in FYQ1 2016

Phoenix, Ariz. — Avnet, Inc. (NYSE:AVT) today announced results for the first quarter fiscal year 2016 ended October 3, 2015. Sales for the quarter ended October 3, 2015 increased 1.9% year over year and 8.4% in constant currency to $6.97 billion (Q1 FY16 includes an extra week of sales) Adjusted operating income of $240.4 million increased 7.5% year over year and adjusted operating income…

Monolithic Power Systems Sales Up 16% in Q3

San Jose, Calif. — Monolithic Power Systems, Inc. (MPS) (Nasdaq: MPWR), a leading company in high performance power solutions, today announced financial results for the quarter ended September 30, 2015. The results for the quarter ended September 30, 2015 are as follows: Net revenue was $91.2 million, a 12.0% increase from $81.4 million in the second quarter of 2015 and…

Broadcom Revenue Drops Slightly in Q3

Irvine, Calif. — Third Quarter 2015 Results GAAP Non-GAAP Net revenue $2.19 billion Net income per share $.69 $.77 (including $.03 of other charges) ($.03 better than First Call consensus) Broadcom Corporation (NASDAQ: BRCM), a global innovation leader in semiconductor solutions for wired and wireless communications, today reported unaudited financial results for its third quarter…

Microsemi Sales Increase Nearly 17%

Aliso Viejo, Calif. — Microsemi Corporation (Nasdaq: MSCC), a leading provider of semiconductor solutions differentiated by power, security, reliability and performance, today reported unaudited results for its fourth quarter and fiscal year 2014 ended Sept. 28, 2014. Net sales for Microsemi’s fourth quarter of fiscal year 2014 were $303.3 million, up 3.8 percent sequentially and up 21.1 percent from…

Lenovo Delivers Strong Growth

Hong Kong – Lenovo Group today reported results for its first fiscal quarter ended June 30, 2014, with quarterly revenue of US$10.4 billion, an 18 percent increase year-over-year while quarter pre-tax income increased 22 percent year-over-year to US$264 million. Earnings grew 23 percent year-over-year to US$214 million, while the Company hit market share and financial performance…