Company Appointments, Reported and Upcoming Financial Results, and Board Election - Analyst Notes on Brocade, Xilinx, Skyworks, RFMD and Analog Devices
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NEW YORK, May 13, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Brocade Communications Systems, Inc. (NASDAQ: BRCD), Xilinx Inc. (NASDAQ: XLNX), Skyworks Solutions Inc. (NASDAQ: SWKS), RF Micro Devices, Inc. (NASDAQ: RFMD) and Analog Devices, Inc. (NASDAQ: ADI). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2355-100free.
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Brocade Communications Systems, Inc. Analyst Notes
On May 8, 2014, Brocade Communications Systems, Inc. (Brocade) announced the hiring of Colin Dixon as the new Principal Engineer. With a decade's experience in networking advancement, protocols and data center technologies through his academic and industry research initiatives, Dixon, co-author of the "Dixon-Erickson OpenDaylight Merged Controller Proposal," serves as the core controller plan of record for the OpenDaylight Project and is considered an authority on Software-Defined Networking (SDN). Dixon said, "Brocade has recognized the importance of open architectures for the future of networking and is aggressively focused on delivering the solutions built for the next era of networking." "Colin has spent his career focused on where the network is headed, not where it is today, and this will serve as a big benefit to Brocade as we continue to refine our strategy," added Kelly Herrell, VP and GM, Software Networking, Brocade. The full analyst notes on Brocade are available to download free of charge at:
http://www.analystsreview.com/2355-BRCD-13May2014.pdf
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Xilinx Inc. Analyst Notes
On April 23, 2014, Xilinx Inc. (Xilinx) reported its full-year FY 2014 financial results (period ended March 29, 2014). Full-year FY 2014 net revenues increased 9.9% YoY to $2.4 billion while quarterly net revenues went up 5.3% QoQ to $617.8 million. Full-year FY 2014 net income for the Company was at $630.4 million or $2.19 per diluted share, compared with net income of $487.5 million or $1.79 per diluted share in full-year FY 2013. Moshe Gavrielov, Xilinx President and CEO, said, "With March quarter sales exceeding $140 million, we have established an estimated 70% market segment share at 28nm for all of fiscal 2014, with leadership across all product families and broad adoption of our Vivado® Design Suite and UltraFast™ Design Methodology. Our proven formula for success is already bearing fruit at 20nm with the UltraScale family, which includes the PLD industry's only high-end product." The full analyst notes on Xilinx are available to download free of charge at:
http://www.analystsreview.com/2355-XLNX-13May2014.pdf
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Skyworks Solutions Inc. Analyst Notes
On May 8, 2014, Skyworks Solutions Inc.'s (Skyworks) Board of Directors announced the election of David J. Aldrich as Board Chairman and CEO. David J. McLachlan, prior Chairman, has been designated as the lead independent director and will remain a board member. Commenting on the election, McLachlan said, "This is an exciting time for the company as it enters into the next phase of growth?capitalizing on the tremendous opportunity within the Internet of Things. Dave Aldrich has been instrumental in Skyworks' advancement into a leading analog company within the semiconductor industry. I look forward to continuing to work with him as lead independent director." Following these changes, Liam K. Griffin, former Executive Vice President and General Manager, takes over the position of president. The full analyst notes on Skyworks are available to download free of charge at:
http://www.analystsreview.com/2355-SWKS-13May2014.pdf
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RF Micro Devices, Inc. Analyst Notes
On April 29, 2014, RF Micro Devices, Inc. (RFMD) reported its Q4 FY 2014 financial results (period ended March 29, 2014). Quarterly revenues fell 8.8% YoY to $256.0 million while the Company also registered a quarterly net loss of $1.0 million or a $0.00 loss per diluted share, compared with quarterly net loss of $16.0 million, or $0.06 loss per diluted share, in Q4 FY 2013. Bob Bruggeworth, President and CEO, RFMD, said, "RFMD is executing on a diversified growth strategy, expanding gross margin, and managing expenses to our financial model, and we are projecting robust operating leverage and EPS growth." Bruggeworth added, "RFMD's diversified growth strategy is also driving additional growth opportunities in new categories, like antenna tuning, impedance tuning, diversity switches, power management circuits, highly integrated receive modules, and, soon, our RF Fusion, which is a complete RF front end solution for 4G world phones and tablets." The full analyst notes on RFMD are available to download free of charge at:
http://www.analystsreview.com/2355-RFMD-13May2014.pdf
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Analog Devices, Inc. Analyst Notes
On May 8, 2014, Analog Devices, Inc. (Analog Devices) announced that it will release its Q2 FY 2014 financial results on May 20, 2014, after the market closes. The Company added that a conference call would follow the release of the financial results on the same day at 5:00 p.m. ET. A telephone replay will be made available on the Company's website approximately two hours after the call, and will be accessible for two weeks. The full analyst notes on Analog Devices are available to download free of charge at:
http://www.analystsreview.com/2355-ADI-13May2014.pdf
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