Lattice reports Q4 revenues

Hillsboro, Oregon–Lattice Semiconductor Corp. recently announced financial results for its fourth quarter (Q4) and year ending December 2000. Revenue was a record $567.8 million and earnings before goodwill (EBG) were a record $233.2 million ($2.02 per diluted share), or $141.1 million ($1.25 per diluted share) excluding a one- time gain on foundry investments.

Due to a change in the company’s fiscal year during 1999 and the reporting of a 9 month “fiscal period” there are no comparable financial results for the prior year. Revenue for Q4 was $150.8 million, an increase of 31% over the $115.0 million reported in the same quarter a year ago, but flat in comparison to the $151.0 million reported last quarter. EBG for the quarter was $40.4 million ($0.34 per diluted share), up 88% from the $21.6 million ($0.21 per diluted share) reported in the same quarter a year ago and an increase of 3% over the $39.2 million ($0.34 per diluted share) reported last quarter.

Quarterly high density revenue set a new record of $118.0 million, up 50% from the $78.9 million in the same quarter a year ago and an increase of 1% over the $116.9 million last quarter. High density revenue now accounts for over 78% of total quarterly revenue. For the year, high density revenue totaled a record $431 million, up 95% over the $221 million reported during calendar year 1999.

During Q4, Lattice added $21.2 million of cash to its balance sheet after the repurchase of 540,000 shares of common stock for $9.4 million and routine capital expenditures of $3.0 million.


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