Semtech signs distribution deal. (Media & Technology).Semiconductor maker Semtech
Semtech Corporation (NASDAQ: SMTC) is a supplier of analog and mixed-signal semiconductors. Corp. of Camarillo Camarillo (kă'mərē`yō), city (1990 pop. 52,303), Ventura co., S Calif.; inc. 1964. It is the center of a fertile farm area where citrus fruits and flowers are grown. has signed a deal to distribute semiconductors in Japan. The company, which has struggled over the past two years, is looking to ramp up Ramp Up To increase a company's operations in anticipation of increased demand. Notes: A company might 'ramp up' operations if they just signed a contract creating substantially more demand for their product. See also: Demand, Economies of Scale sales with its overseas markets, which now account for 64 percent of revenues, compared to a year earlier when it made up 58 percent. The deal with Macnica I&C, a reseller An organization that sells hardware and software to the general public. Resellers purchase products from software publishers and hardware manufacturers. of electronic components based in Japan, will give Semtech greater access to Asian markets where Macnica has an established presence, such as Indonesia Indonesia (ĭn'dənē`zhə), officially Republic of Indonesia, republic (2005 est. pop. 241,974,000), c.735,000 sq mi (1,903,650 sq km), SE Asia, in the Malay Archipelago. , Taiwan and China. The company saw its $60.2 million in net income on $256.7 million in revenues in 2000 drop to $26 million in net income on $191.2 million in sales in 2001. The added emphasis on overseas markets helped the company report $11.1 million in net income on $52.1 million in revenue for the quarter ending July 30, compared to the same period last year when it lost $5.1 million on $40.5 million in sales. Business Journal reporter Carlos Martinez may be reached at (818) 676-1750 ext. 17 or by e-mail at cmartinez@sfvbj.com |
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