SAN JOSE, Calif.
Mar 5, 2001
Xilinx, Inc. (NASDAQ: XLNX) today revised its guidance for the fourth quarter of fiscal 2001.
-- The month of February was weaker than anticipated due to decelerating bookings and ongoing cancellations from a broad base of customers. February resales were down versus November. -- For the first two months of the quarter, North American resales were down over 20% sequentially. International resales are approximately flat for the quarter. -- Inventories at Xilinx are expected to approximate seven months at the end of the March quarter. -- As a result, Xilinx expects sequential revenues to decline by as much as 15% in the March quarter. -- There will be no conference call in conjunction with this announcement. Our fourth quarter fiscal 2001 financial results will be released on April 19th, 2001 after the close of the market. During our earnings release conference call, we will provide additional guidance for the June quarter as well as for fiscal 2002. Business Update Procedure
Business updates are posted to the Xilinx Investor Relations web site at: http://www.investor.xilinx.com/ after the market closes on the first Monday of the second and third months of each quarter. Financial guidance to the investment community will be limited to the points mentioned in the business update document. Please sign up for a push email alert, which is available from our investor relations web site.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: this release contains forward-looking statements and projections and actual events or results may differ materially and are subject to risks and uncertainties, including the reliance upon the economic health of the end markets and geographies that we serve, customer and electronic manufacturing service inventory levels, the dependence upon third party wafer suppliers and dependence on subcontractors, the timely introduction and availability of new products and the impact of competitive pricing and products and the company's reliance upon a high-level of turns; and other risk factors included in our most recently filed SEC Form 10-K.
Xilinx is the leading supplier of complete programmable logic solutions, including advanced integrated circuits, software design tools, predefined system functions delivered as cores, and unparalleled field engineering support. Founded in 1984 and headquartered in San Jose, Calif., Xilinx invented the field programmable gate array (FPGA) and fulfills more than half of the world demand for these devices today. Xilinx solutions enable customers to reduce significantly the time required to develop products for the computer, peripheral, telecommunications, networking, industrial control, instrumentation, aerospace, defense, and consumer markets. For more information, visit the Xilinx web site at http://www.xilinx.com/ .
SOURCE: Xilinx, Inc.
Contact: investors, Lori Owen of Xilinx, Inc., 408-879-6911, or