Chips and Technologies Inc. Outpaces Semiconductor Industry Averages in Many Key Indices Per Robertson Stephens & Co. Report.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)--July 31, 1996--Chips and 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 that it has outpaced the industry averages in eight key indices amongst a universe of 49 semiconductor device companies, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a recent investment perspective issued by Robertson Stephens & Company. Led by 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. Jim Stafford and supported by Marketing Vice President Keith Angelo, 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. will be making a management presentation beginning at 2:30 p.m. today at Robertson Stephens' Semiconductor Conference which is being held at the Ritz Carlton Hotel in San Francisco, July 31 and August 1. According to Robertson Stephens' Semiconductor Quarterly covering the period ended March 31 or quarter closest to the first calendar quarter, Chips and Technologies' revenues per employee were $769,000. This represented a fourth place ranking and was more than double the industry average of $352,000 among the 49 semiconductor device companies in the Robertson Stephens listing. Even more impressive for the period was Chips and Technologies' year-to-year earnings-per-share growth of 479%. This result placed the company in third place among the 49 semiconductor device companies compared and was more than five times the industry average of 84%. Other indices where Chips and Technologies outpaced its industry compatriots for the March 1996 quarter included: Revenue Growth, 57% versus an industry average of 40%; Net Margin, 27% vs. 11%; Return on Average Equity, 39% vs. 29%; Return on Net Assets (abbreviated to RONA) Profit after tax / ( Fixed assets + working capital ) It is a measure of financial performance of a company which takes the use of assets into account. See also
Earlier this month, and at a time when many PC and semiconductor companies pre-announced "shortfalls from expectations" or had reported less than stellar results, Chips and Technologies reported sales of $38.8 million and net income of $5.9 million, or $0.27 per share, for its fourth quarter ended June 30, 1996. Revenues for fiscal 1996 were up 44% from the prior fiscal year to $151 million, and operating profits, excluding one-time gains, increased 134% to $19.5 million from $8.3 million last fiscal year. Chips and Technologies, Inc. is a leading supplier of highly integrated semiconductor and software solutions which provide graphics, video and other capabilities to portable and desktop computers. CONTACT: Chips and Technologies Inc. Anne McCormac, 408/434-0600 |
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