Brian Halla
Brian Halla
numbers
We feel comfortable that the numbers we've got out there are achievable.
although carry decline early momentum normal october offset picked quarter reflects third whether
Our third quarter typically reflects a post-holiday seasonal decline in revenues. Although bookings picked up in October and November, it is too early to tell whether that momentum will carry over enough to offset the normal seasonal pattern.
analog business core growth increased last led percent pleased quarter second strong
I'm pleased with another quarter of strong growth in which our core business revenues increased by 26 percent over last year's second quarter, led by 36 percent growth in analog sales.
analog business conditions continued earlier expected gain goal gross linear margin market originally percent reached share standard stronger time
Business conditions were stronger than we had originally anticipated. We reached our interim goal of 60 percent gross margin earlier than we expected and at the same time continued to gain market share in the analog standard linear market.
analog drove execution focus gross led margins percent previous robust wireless
Led by robust analog and wireless sales, we had an outstanding quarter. Focus on execution drove our gross margins to 51 percent, up from 48 percent in the previous quarter.
economy economy-and-economics outlook overall remains
But the overall economy is still sluggish. As a result, our near-term outlook remains cautious.
books-and-reading business far maximize profit
It's one thing to put this business on the books. It's far more important to maximize the profit from it.
bottom continued improved quarter sales soft summer time touched
Sales continued soft during the summer quarter. We think, however, we may have touched bottom as bookings in the first quarter improved for the first time in a year.
although consumer demand driven early holiday mostly offset opportunity pockets product programs season specific strong weak
Early indications of consumer demand for the holiday season are not strong at this point, and although we have pockets of opportunity -- driven mostly by our specific product programs -- they may not be enough to offset weak end-user demand for this quarter.
closely continue control costs investing key markets maximize potential
Going forward, we will continue to closely control costs while investing in key markets to maximize our potential for profitability.
becomes behind disappears display electric goes inside invisible pc
First the PC goes on a chip. Next, the PC becomes a plug-in behind the dashboard of your car, behind a flat-panel display in your kitchen, or inside a set-top box. The PC disappears just the way electric motors are invisible in our lives.
december earlier factor felt issue january months necessary results
Now that we have the months of December and January finished, we felt it necessary to factor those results into our earlier projections and issue this update.
analog billion capital cash dollars drive ended fiscal goal gross invested margins percent return stronger year
We ended the year with over a billion dollars in cash reserves, a 21 percent return on invested capital and a stronger analog portfolio. Our goal in fiscal 2006 is to drive gross margins even higher.
call cautious early encouraged improvement recent remain
While we are encouraged by the recent seasonal improvement in bookings, we still feel it is too early to call the turn, and we remain cautious on the near-term outlook.