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Xilinx revenue up 35%

The Daily Times-Call

Xilinx revenue has grown 35 percent since its fiscal first quarter in 2004.

The San Jose, Calif.-based company, which employs about 300 people in Longmont earned $95.3 million on revenue of $423.6 million for the first quarter of 2005, compared to earnings of $46.2 million on revenue of $313.3 million in the first quarter of 2004.

Earnings per diluted share for the most recent quarter were 26 cents, compared with 13 cents per share for the same quarter the previous year.

Xilinx, which makes programmable computer chips, saw its sales “from all geographies” move up sequentially in the June quarter, said Chairman and CEO Wim Roelandts.

“New products grew a healthy 10 percent sequentially and have nearly doubled versus the same quarter of the prior year,” Roelandts said in a statement.

Sales of the company’s Virtex-II Pro and the Spartan-3 were major contributors to that growth.

In its earnings forecast, the company expects its revenues to increase 2 percent to 4 percent by September.

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Level 3 loss narrows, revenue drops

Level 3 Communications Inc., which operates a fiber-optic network, Wednesday said its second-quarter loss narrowed from last year due to a gain from the elimination of some lease obligations.

In the quarter ended June 30, Broomfield-based Level 3 reported a loss of $63 million, or 9 cents a share, on revenue of $918 million. In the same period last year, it reported a loss of $462 million, or 95 cents a share, on revenue of $941 million.

Results in the latest quarter included a $147 million gain, or 22 cents a share, for the elimination of $213 million in capital lease obligations due to the termination of a vendor contract.

Excluding that gain, the loss was 31 cents a share, 2 cents better than the average loss predicted in a Thomson First Call survey of analysts.

Last year’s earnings included a charge of $190 million, or 39 cents a share, for the premium on a bond conversion and pretax charge of $9 million for restructuring.

Communications revenue fell to $391 million in the latest quarter from $434 million, while information services revenue increased to $503 million from $491 million a year earlier.

Level 3 Communications said it is confident that it can meet or exceed its previous projection for communications revenue, excluding termination revenue.

In the third quarter, Level 3 said it now expects communications revenue of $400 million to $420 million.

The Associated Press contributed to this report.