September 1, 1992
Semtech Corp., a Newbury Park maker of electronic components, posted a 64% decline in profits for its fiscal second quarter on a 28% drop in revenue compared with a year ago. For the three months ended Aug. 2, Semtech said it earned $150,000, down from $417,000 a year ago. Its revenue dropped to $5.17 million, from $7.16 million. The company said orders for military and aerospace products remained sluggish. For the six months ended Aug.
December 5, 1995
Semtech Corp.'s earnings in the third quarter jumped six-fold while its sales doubled. The Newbury Park-based semiconductor company posted net income of $1.9 million in the quarter that ended Oct. 29, compared to a profit of $302,000 in the same period a year earlier. Sales in the latest quarter doubled to $16.58 million, up from $8.32 million a year ago.
March 23, 1993
Semtech Corp., a Newbury Park producer of electronic components, posted a $16,000 profit for its fiscal fourth quarter, compared with a $280,000 loss a year earlier. The profit in the three months that ended Jan. 31 came on a 13% drop in Semtech's revenue, to $4.77 million from $5.51 million a year earlier. For the full fiscal year, Semtech's profit fell 39%, to $431,000 from $707,000 in fiscal 1992, and its annual revenue fell 24%, to $20.2 million from $26.5 million.
August 26, 2006 |
Semtech Corp., a Camarillo maker of semiconductors for cellphones, said Chairman John D. Poe had resigned and would take a leave of absence from the board until an investigation into stock-option practices was finished. Rockell Hankin, 59, has replaced Poe as chairman, the company said. "Mr. Poe informed the company that he was taking these actions in order to avoid even the appearance of a conflict of interest," Semtech said. Poe was Semtech's chief executive from October 1985 to October 2003.
August 30, 2006 |
Semtech Corp., a maker of semiconductors for cellphones, said that second-quarter sales rose 12% to $64.9 million and that Nasdaq granted its request for more time to restate its first-quarter results. Semtech will not meet the deadline to file the form 10-Q for the second quarter ended July 30, causing another instance of noncompliance with Nasdaq, the Camarillo-based company said Tuesday.
August 28, 2002 |
Semtech Corp., a maker of semiconductors for major technology companies, said a customer claims it has suffered $42 million in damages because faulty chips caused some products to fail, and the damages could reach more than $115 million. Camarillo-based Semtech said its tests indicate the chips do not malfunction and it is in talks aimed at resolving the dispute. A company spokesman couldn't be reached for comment.