Applied, Xilinx shareholders see revenues decline
The Daily Times-Call
LONGMONT — Applied Films Corp. had net revenue of $41.7 million for the fiscal first quarter 2005, compared to $47.7 million for the fiscal first quarter 2004, a decrease of 12.6 percent. The company earned $370,000, or $0.02 per diluted common share, compared to $2.5 million, or $0.22 per common share, in 2004. President and CEO Thomas Edman attributed the decrease to a “general slowdown in the flat-panel display industry.”
Applied Films provides thin film deposition equipment to industries such as flat-panel displays, architectural and solar glass, and the consumer products packaging and electronics industries.
• • •
LONGMONT — Xilinx Inc. announced revenue of $403 million in the fiscal second quarter of 2005, a 5 percent decrease from the previous quarter.
In the fiscal second quarter of 2004, Xilinx had revenue of $315.5 million. Earnings for the quarter came in at $86.2 million, or $0.24 per share, compared to earnings of $56.4 million, or $0.16 per share, in the same quarter of 2004.
“New-product sales increased 44 percent sequentially and represented 17 percent of total Xilinx sales, up from 6 percent a year ago,” said Chairman and CEO Wim Roelandts. The company, which is headquartered in San Jose, Calif., but has operations in Longmont, makes programmable logic solutions.