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EARNINGS

Silicon Systems Recovers With Tax, Cost Savings

January 18, 1987

Silicon Systems Inc., a Tustin semiconductor manufacturer, posted fiscal 1987 first-quarter earnings of $302,000, compared with a net loss of $2.4 million for the year-earlier period.

Revenue for the first quarter ended Dec. 27 was $17.4 million, a 54% increase from $11.3 million for the year-ago quarter.

In addition to a $110,000 tax credit as a result of the change in federal tax laws, company officials attributed the increased earnings to tighter controls on materials, supplies and personnel expenses and to the reduced volume of sales during the first quarter last year.

In a prepared statement, Silicon Systems' chairman and chief executive, Carmelo J. Santoro, predicted that the company will have a healthy year. New orders for the first quarter totaled $21 million, an increase of 44% over the $14.7 million in new orders booked during last year's first quarter.

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