ARC International plc Announces Trading Update For the Year Ended 31 December 2006.ARC's Full Year and Second Half 2006 Unaudited Revenues To Exceed Market Expectations ELSTREE, England -- ARC International This article is about the publicly traded processor company. For the privately held French housewares company of the same name, see ARC International (household). (LSE LSE - Language Sensitive Editor : ARK ark, in the Bible. 1 Boat of Noah, which he built at God's command to preserve his family and certain creatures from the Deluge. 2 Ark of the Covenant, the sacred wooden chest of the Hebrews, representative of God or identified with Him. ), the world leader in configurable subsystems and CPU/DSP processors, today announced that its unaudited revenue for the financial year ended 31 December 2006 is expected to be not less than [pounds sterling]13.3 million, a 28 percent increase compared to financial year 2005. Unaudited revenue for the second half of financial year 2006 is expected to be not less than [pounds sterling]7.3 million, reflecting a 22 percent increase compared to the first half of 2006 and a 46 percent increase compared to the same reporting period in the second half of 2005. These results exceed market expectations, and reflect progress toward achieving the strategic goals of attracting "tier 1" companies to adopt ARC's patented configurable solutions, increasing median deal sizes, and signing larger agreements that include multiple ARC products. Carl Schlachte, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ARC International, said, "We are pleased about our progress in 2006 and that unaudited revenues for the full year and second half of the financial year 2006 are expected to be higher than current market consensus. This reaffirms our company's strategy to provide value-added configurable solutions for high-growth consumer applications. ARC's leadership position in the field of media subsystems is driving a higher percentage of company revenue and licensing agreements." Announcement of Preliminary Results for Financial Year 2006 On Wednesday 14 February 2007 ARC International will announce results for the twelve months ended 31 December 2006. A morning meeting will be held in London for analysts. Interested parties should contact Financial Dynamics or ARC International for more information. About ARC International plc ARC International is the world leader in configurable subsystems and CPU/DSP processors that are used by semiconductor companies worldwide to create system-on-chip (SoC) designs that provide a strategic competitive advantage. ARC's patented configurable products are smaller, consume less power, are less expensive to manufacture, and provide a higher degree of differentiation over what can be created using "fixed architecture" core alternatives. ARC International maintains a worldwide presence with corporate and research and development offices in California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). and Elstree, UK. For more information visit www.ARC.com. ARC International is listed on the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. as ARC International plc (LSE: ARK). ARC and the ARC logo are trademarks or registered trademarks of ARC International. All other brands or product names contained herein are the property of their respective owners. This press release may contain certain "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " that involve risks and uncertainties, including the development, implementation, and release of features described herein. These are at the sole discretion of ARC International. Licenses from 3rd parties for certain software and essential patents may be required depending on licensee's use/implementation. For other factors that could cause actual results to differ, visit the company's Website as well as the listing particulars filed with the United Kingdom Listing Authority and the Registrar of Companies The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. in England and Wales England and Wales are both constituent countries of the United Kingdom, that together share a single legal system: English law. Legislatively, England and Wales are treated as a single unit (see State (law)) for the conflict of laws. . |
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