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Semtech Corp

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BUSINESS
June 7, 1994
Semtech Corp., a Newbury Park maker of semiconductors and other electronic components, reported a profit of $150,000 for its fiscal first quarter, rebounding from a loss of $210,000 in the same period a year earlier. In the quarter ending May 31, Semtech said revenue climbed 12%, to $5.65 million from $5.05 million a year earlier. Semtech attributed the stronger results partly to lower manufacturing costs.
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BUSINESS
August 30, 2006 | From Bloomberg News
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.
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BUSINESS
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.
BUSINESS
August 26, 2006 | From Bloomberg News
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.
BUSINESS
August 24, 1993
Semtech Corp., a Newbury Park maker of rectifiers and other precision components for military and commercial markets, reported a 67% decline in earnings in its fiscal second quarter. For the three months that ended Aug. 1, Semtech earned $50,000, in contrast with $150,000 in net income a year before. Its revenue remained flat with a year earlier, at $5.16 million. Semtech said orders for military products and prices for those products continue to decline.
BUSINESS
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.
BUSINESS
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.
BUSINESS
August 26, 2006 | From Bloomberg News
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.
BUSINESS
August 30, 2006 | From Bloomberg News
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.
BUSINESS
May 28, 2003 | From Bloomberg News
Semtech Corp., a maker of semiconductors for mobile devices and computers, said fiscal first-quarter profit fell 17% as prices for personal-computer chips dropped and demand faltered for some of its products. Net income declined to $8.27 million, or 11 cents a share, for the period ended April 27, from $10 million, or 13 cents, a year earlier. Sales decreased nearly 11% to $44 million from $49.2 million, the company said.
BUSINESS
June 15, 2006 | From Bloomberg News
Semtech Corp., which makes semiconductors for cellphones, received a grand jury subpoena for documents tied to its option grants. The Camarillo-based company also said two shareholder lawsuits were filed that allege improper awards. In other developments tied to the options controversy: * Monster Worldwide Inc., which runs the Monster.com online job site, said the SEC had told it to preserve documents. * Michaels Stores Inc.
BUSINESS
May 28, 2003 | From Bloomberg News
Semtech Corp., a maker of semiconductors for mobile devices and computers, said fiscal first-quarter profit fell 17% as prices for personal-computer chips dropped and demand faltered for some of its products. Net income declined to $8.27 million, or 11 cents a share, for the period ended April 27, from $10 million, or 13 cents, a year earlier. Sales decreased nearly 11% to $44 million from $49.2 million, the company said.
BUSINESS
November 27, 2002 | From Bloomberg News
Semtech Corp. shares fell as much as 17% after the semiconductor maker said sales this quarter will fall and profit will miss analysts' forecasts as chip demand slips. Camarillo-based Semtech fell $3.56 to $14.55 on the Nasdaq. Demand for chips has fallen in the last two years at Semtech, Intel Corp., Texas Instruments Inc. and rivals as companies reduce spending. Shipments to desktop-computer customers fell in the quarter ended Oct.
BUSINESS
August 28, 2002 | Bloomberg News
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.
CALIFORNIA | LOCAL
July 19, 2000 | TRACI ISAACS
Semtech Corp., which makes technology equipment for the communications, computer and video industries, will move its headquarters from Newbury Park to Camarillo. The company will move to an 86,000-square-foot building on Flynn Road, which is expected to open next year, said company spokeswoman Lori Posey. Semtech's new offices could add up to 400 jobs in Camarillo, already a burgeoning center for high-tech employment, said Jim Jevens, Camarillo's economic developer.
CALIFORNIA | LOCAL
May 16, 2000 | BARBARA MURPHY
Semtech Corp. in Newbury Park has received the 1999 Outstanding Vendor Performance Award from Varian Medical Systems. The award, presented to suppliers based on device quality and on-time delivery, goes to those suppliers performing in the top 10% overall. For 1999, 28 of Varian's 280 vendors were honored with this award. Semtech supplies high-voltage modular rectifiers to Varian, which produces and sells medical linear accelerators worldwide.
CALIFORNIA | LOCAL
July 19, 2000 | TRACI ISAACS
Semtech Corp., which makes technology equipment for the communications, computer and video industries, will move its headquarters from Newbury Park to Camarillo. The company will move to an 86,000-square-foot building on Flynn Road, which is expected to open next year, said company spokeswoman Lori Posey. Semtech's new offices could add up to 400 jobs in Camarillo, already a burgeoning center for high-tech employment, said Jim Jevens, Camarillo's economic developer.
CALIFORNIA | LOCAL
March 7, 2000
Semtech Corp. in Newbury Park reported record sales and net income for the fourth quarter and fiscal year ended Jan. 30. Net sales for the fourth quarter of fiscal year 2000 were $55.4 million, an increase of 79% over sales of $30.9 million reported in the fourth quarter of fiscal year 1999. Net income for the quarter was $10.5 million, or 29 cents per diluted share, an increase of 157% over $4.1 million, or 12 cents per diluted share, for the fourth quarter of fiscal 1999.
CALIFORNIA | LOCAL
February 29, 2000 | BARBARA MURPHY
Semtech Corp. in Newbury Park has completed a private offering of $350 million of its 4 1/2% convertible subordinated notes, which are due in 2007. The notes are convertible into the company's common stock at a price of $84.46 per share. The company said it intends to use the proceeds for general corporate purposes, including working capital, expansion of sales, marketing and customer service capabilities, and product development.
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