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Dr.UdoBroem.:

@flexo

 
18.10.01 23:20
GNSS und SAGI graben PXLW wohl das Wasser ab.


Thursday October 18, 4:10 pm Eastern Time

Press Release

SOURCE: Genesis Microchip Inc.

Genesis Microchip Reports Second Quarter Results

Revenues Of $36.1 Million Up 140 Percent Over Previous Year

SAN JOSE, Calif.--(BUSINESS WIRE)--Oct. 18, 2001--Genesis Microchip Inc.
(Nasdaq:GNSS - news) today announced revenues of $36.1 million, net income of $6.6
million and earnings of 29 cents per diluted share in the second quarter of its 2002 fiscal year.
The second quarter ended on September 30, 2001.

The revenues for the quarter represent an increase of 140 percent over the year-ago quarter
and 70 percent over the June 2001 quarter. Net income grew 238 percent over the year-ago
quarter and 315 percent over the June 2001 quarter.

Revenues and earnings for the second quarter exceeded previously stated targets. In July, the
company targeted revenues of $25 million for the quarter, and on September 18 increased
that target to $30 million.

``Genesis Microchip's strong performance for the second quarter is attributable to the design
wins we achieved in previous quarters, which in turn positively reflects the combined strength
of our technology, our team and customer-service-driven focus,'' said Genesis Microchip
President and Chief Executive Officer Amnon Fisher.

The company announced at the end of the second quarter that it had reached a definitive
agreement to acquire Sage, Inc. (Nasdaq:SAGI - news) subject to the satisfaction of certain
closing conditions. According to Fisher, the combination ``will make Genesis a technology
leader with a strong history of innovation and a broad portfolio of products serving the

fast-growing display semiconductor industry.''

Business Outlook

The company continues to expect that revenues in the 2002 fiscal year will be dominated by
shipments of its products into flat-panel monitor applications. The timing of the closing of the
announced Sage acquisition will impact the company's results. The results of Sage will be
combined with those of Genesis prospectively, commencing on the date of closing of the
transaction. The company expects to close the acquisition during the March 2002 quarter.

The company is significantly raising its revenue target for the December quarter from $25 million to over $36 million. The
company continues to take a conservative approach in targeting its revenues because of potential seasonal factors and unsettled
economic conditions.

Because the company will record revenues from Sage, Inc. after the closing of the acquisition, the inability to accurately predict
the timing of the closing within the March quarter makes it difficult to target the amount of revenues for that quarter.

The company expects that gross margins in the December quarter will be approximately 45 percent, reflecting volume discounts
associated with much higher than expected unit shipments. The company anticipates gross margins will remain in this
approximate range for the balance of the fiscal year. The timing of the Sage acquisition may also impact overall gross margins in
the March 2002 quarter.

With revenue growth significantly stronger than previously targeted, the company now expects that its operating expenses will
average between $9.5 and $10.5 million per quarter for the balance of the fiscal year, excluding patent defense costs or any
costs associated with the Sage transaction.


Sage, Inc. Reports Second Fiscal Quarter Results

Chip Sales Increase By 39% Over Last Quarter

MILPITAS, Calif., Oct. 18 /PRNewswire/ -- Sage, Inc. (Nasdaq: SAGI - news), a leading
supplier of digital display processors, announced today its results for its second fiscal quarter
ended September 30, 2001.

Revenues for the three months ended September 30, 2001 were $9.9 million compared to
$8.6 million for the three months ended September 30, 2000, and $8.1 million for the
preceding three months ended June 30, 2001. Our pro-forma net loss and net loss per share
for the three months ended September 30, 2001 were $2.0 million and $0.14, respectively,
compared to $0.0 million and $0.00 for the three months ended September 30, 2000, and
net loss and net loss per share of $2.0 million and $0.14 for the three months ended June 30,
2001. Net loss and net loss per share, for the three months ended September 30, 2001
amounted to $3.8 million and $0.27 respectively, compared to a net loss and net loss per
share of $6.2 million and $0.46, respectively, for the three months ended September 30,
2000, and $2.7 million and $0.19, respectively, for the preceding three months ended June
30, 2001. Included in these results for the three months ended September 30, 2001, were
non-cash charges amounting to $0.7 million arising principally from the amortization of
goodwill, and $1.1 million of business combination expenses incurred in connection with the
proposed merger with Genesis Microchip.

Chandra Reddy, president and CEO stated, ``We are pleased to see our IC sales revenue
increase by over 39% compared to last quarter in spite of the continuing economic recession
and the recent uncertainties created by the impact of terrorist activities. Although the
macro-economic outlook may still be uncertain, we continue to see positive trends emerging
in the December quarter. Shipments of flat panel monitors continue to show strong growth
prospects in response to declining monitor prices and increased demand. We have started
ramping up shipments of our new integrated analog and smart panel products, and expect that
sales of integrated ICs will exceed the sales of our older discrete processors in the December
quarter. We also believe that we have now established a strong position with our DCDi
branding in the consumer DVD and progressive TV market, and we feel confident that we
are well positioned for long term growth in this market segment. Under these circumstances
we expect IC sales to increase by a little over 20% to $8.5 million in the December quarter,
while systems sales are expected to be approximately $2.5 million.''

On September 28, 2001, Sage announced that it had entered into a definitive agreement to merge with Genesis Microchip, a
leading supplier of cost-effective integrated circuits and software solutions. Under the terms of the agreement, Genesis will issue
0.571 shares for each outstanding Sage share. Following the acquisition, former Sage share and option holders will own
approximately 28% of the combined company on a fully diluted basis. The deal is subject to normal statutory reviews and
approval of the shareholders of both companies.


Beide legen zweistellig zu - PXLW out of order
Gruß Dr. Broemme

@flexo 443987
Antworten
flexo:

PXLW war die letzten Wochen sehr schwach

 
18.10.01 23:26
das mußte einen schon verwundern. Hab sie zusammen mit GNSS auf der WL. Wenn Technologie und Service aber überlegen sind fällt die Wahl nicht schwer. Scheinbar konnte die Marktschwäche GNSS auch gar nichts anhaben. Wenn die Aussichten für SAGE und GNSS so positiv sind - welche wählst du?
Antworten
Dr.UdoBroem.:

PXLW ist mehr auf 17-Zöller spezialisiert.

 
18.10.01 23:33
In der "Sparphase"(Rezession) sind aber die 15er der Renner.
Wenn das Geld wieder etwas lockerer sitzt, wird PXLW auch wieder kommen.

Ich setzte auf Zeit und dass die 10$ halten und habe verbilligt. Eigentlich sind PXLW nicht so schlecht, wie sie augenblicklich bewertet werden - hoffe ich.

GNSS ist sicher auch überlegenswert, aber die Gewinnmarge wird sicher zurückgehen die nächste Zeit.

Gruß Hans-Udo
@flexo 443999
Antworten
flexo:

Interessante Überlegung,

 
18.10.01 23:38
vor allem vor der Haustür (Prospekte) nachprüfbar denn 15"er werden inzwischen zu Kampfpreisen angeboten.
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