Numbers reflect buy

Zarlink Semiconductor Inc.'s recent acquisition of Texas-based Legerity Holdings results in sales rising Zarlink.jpgby 30.2% to US$49.6 million in the second quarter of FY'08, of which almost half was two-month's worth of revenue from the Austin voice technology company. But the acquisition also saw Zarlink take a loss of $15.9, or 13 cents per diluted share, as it continued to absorb the costs of the $75-million buy. In the same period last year, the company turned a $6.9-million profit. Although revenue surpassed the company's earlier prediction of $32 million to $34 million, the net loss was also far greater than the expected high of three cents a share.

Submit a comment

Please leave your name, which will be used to sign your submission to the SCANsite. Thanks for contributing your thoughts. Come back again. Tony Patterson, Editor & CEO.

© 2006 - 2009 SCAN
INTEGRITY INTELLIGENCE INFORMATION
Site by Citadel Rock
SCAN