Corporate Profile for Cherry Semiconductor, dated Sept. 24, 1999.--(BUSINESS WIRE)-- The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: Sept. 24, 1999
Company Name: Cherry Semiconductor
Address: 2000 South County Trail
East Greenwich, RI 02818-1530
Main Telephone
Number: 401-885-3600
Home Page: WWW.CHERRY-SEMI.COM
President: Al Budnick
CFO and
Investor
Relations
Contact: Walter McMann
Business
Telephone
Number: 401-885-3600
Email Address: INFO@CHERRY-SEMI.COM
Public
Relations
Contact: Pete Predella
Business
Telephone
Number: 617-924-7868
Email address: PPREDELLA@AOL.COM
Industry: Analog and mixed-signal integrated circuits (ICs) for
computer, automotive and communications applications.
Trading
Symbol/Exchange: NASDAQ - CHER
Company Description: Cherry Semiconductor Corporation is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of The Cherry Corporation, headquartered in Waukegan, Illinois Waukegan (IPA: /wɔˈkiːgən/) is a city in Lake County, Illinois. As of the 2000 census, the city had a total population of 87,901. Estimated population in 2006: 93,389 . (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 :CHER). The Cherry Corporation announced record sales and earnings for its fiscal year ended February 28, 1999. Sales for the year were $474,971,000, the highest in the company's history and up 5.1 percent from the previous year. Net earnings were a record $18,852,000, up 8.3 percent from a year earlier. Cherry Semiconductor designs, manufacturers and sells standard, semi-custom and custom integrated circuits Integrated circuits Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. (ICs) used broadly in applications for automotive and sensor electronics, PCs, communications and power management markets. Cherry Semiconductor is increasingly expanding its product application range with OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and customers who manufacture power supply management circuits for central office networking and telecommunications equipment and enterprise servers worldwide. As both a QS 9000 and ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9000 certified facility, Cherry Semiconductor pursues a corporate quality goal of 2.0 defects per billion on all new product. It has received vendor quality awards from Ford, Chrysler and General Motors. Cherry Semiconductor is also a vendor-certified manufacturing facility for Motorola, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) and Texas Instruments See TI. (company) Texas Instruments - (TI) A US electronics company. A TI engineer, Jack Kilby invented the integrated circuit in 1958. Three TI employees left the company in 1982 to start Compaq. and other OEMs. Future Electronics is Cherry Semiconductor's national product distributor. Early-developer reference designs, demonstration kits and product samples are available to qualified companies and individuals through Cherry's local sales and applications team at info@cherry-semi.com. |
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