Chips & Technologies Reports Earnings For First Fiscal Quarter.SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Oct. 12, 1995--Chips & Technologies, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CHPS CHPS Collaborative for High Performance Schools CHPS Certified in Healthcare Privacy and Security CHPS Center for Health Policy Studies (healthcare consulting firm with offices in New York, Maryland, and Illinois) CHPS Combat Hybrid Power System ) today reported sales of $37.2 million and net income of $4.4 million, or $0.20 per share, for its first fiscal quarter ended September 30, 1995. Chips and Technologies Chips and Technologies (C&T) was the first fabless semiconductor company, a model developed by its founder Gordon Campbell. Its first product was an EGA IBM compatible graphics chip. This was followed by chipsets for PC motherboards and other computer graphics chips. , Inc. is a fabless supplier of highly integrated semiconductor and software solutions which provide graphics, video and other capabilities to portable and desktop computers. Revenues for the quarter ended September 30, 1995 increased 83% from $20.4 million in the quarter ended a year ago, and increased 10% from $33.9 million in the quarter ended June 30, 1995. The results for the quarter ended September 30, 1995 compare with net income of $1.3 million, or $.07 per share, in the quarter ended September 30, 1994, and with net income of $3.7 million, or $.18 per share, in the quarter ended June 30, 1995. Gross margins for the quarter ended September 30, 1995 were 39% compared to 37% in the quarter ended a year ago and 38% in the quarter ended June 30, 1995. Operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. were $9.8 million, compared with $6.4 million in the quarter ended September 30, 1994 and with $9.2 million in the quarter ended June 30, 1995. Operating expenses as a percent of sales decreased to 26% compared to 32% in the quarter ended a year ago, and compared to 27% in the quarter ended June 30. CONTACT: Chips & Technologies, Inc. Tim Christoffersen, 408/434-0600 |
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