Brian Halla
Brian Halla
analog battery biggest clearly driving exactly half last life market plan three wireless
We're in the analog business, and analog is what's driving all the displays, and audio, and battery life in wireless. Wireless is clearly our biggest segment, and we plan on this market doing exactly what it's been doing for the last three and a half years.
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.
cease dragging financial pc performance several
We will immediately cease slugging it out in the PC processor market, which has been dragging down our financial performance for several quarters.
awareness basic compete desire funding globally needed plays quality role security technology
What's needed is more funding for basic research, a desire to compete globally and an awareness of the role technology plays in our security and quality of life.
numbers
We feel comfortable that the numbers we've got out there are achievable.
ahead announced plan profits return schedule
We are ahead of schedule on the return to profits plan we announced on May 5.
ahead continuing direction goals gross margin
We are ahead of our gross margin goals and we are continuing in the same direction.
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.
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.
action conform continuing given impacts market maximize national necessary opportunity order people resources served tough weakness
This was a tough action for us to take, especially because it impacts many people who have served National well. However, given the continuing weakness in the marketplace, it is necessary to conform our resources to the market in order to maximize National's opportunity for long-term success.
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.
economy economy-and-economics outlook overall remains
But the overall economy is still sluggish. As a result, our near-term outlook remains cautious.
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 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.