Ixys Corporation (NASDAQ:IXYS)

WEB NEWS

Wednesday, May 26, 2010

Comments & Business Outlook
“Strong sales growth coupled with disciplined cost and operations management allowed us to post solid financial returns in the March 2010 quarter. Even with the all-cash purchase of Zilog in February, the company exited the March 2010 quarter with approximately $61.3 million of cash and cash equivalents,” commented Uzi Sasson, President & CFO at IXYS. “We remain focused on operating cost reductions, while dedicating $4-$6 million to R&D each quarter. Tentative company projections look promising, with a quarterly book to bill ratio of 1.3. Therefore, we project revenue for the quarter ending June 30, 2010 to be between $79 to $81 million dollars.”


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