Xilinx Posts Q3 Returns

SAN JOSE, Calif. -- Xilinx, Inc. (Nasdaq: XLNX) today announced financial results for the third quarter of fiscal year 2001. Revenues were up 3 percent sequentially; earnings before goodwill were $0.31 per share.

"The December quarter was impacted by the well-publicized inventory correction taking place at several of our global communications customers. While Advanced Products grew double-digits sequentially, Mature and Mainstream Products declined," said Wim Roelandts, Xilinx's president and chief executive officer. "We continue to be encouraged by the strong growth of our newest Virtex(TM)-E and Spartan(TM)-II FPGA families. In addition, we are pleased by the customer interest in our recently announced Virtex-II family of FPGAs."

http://www.investor.xilinx.com