Brian Halla
Brian Halla
analog business conditions continued earlier expected gain goal gross linear margin market originally percent reached share standard stronger time
Business conditions were stronger than we had originally anticipated. We reached our interim goal of 60 percent gross margin earlier than we expected and at the same time continued to gain market share in the analog standard linear market.
analog business core growth increased last led percent pleased quarter second strong
I'm pleased with another quarter of strong growth in which our core business revenues increased by 26 percent over last year's second quarter, led by 36 percent growth in analog sales.
books-and-reading business far maximize profit
It's one thing to put this business on the books. It's far more important to maximize the profit from it.
action conform continuing given impacts market maximize national necessary opportunity order people resources served tough weakness
This was a tough action for us to take, especially because it impacts many people who have served National well. However, given the continuing weakness in the marketplace, it is necessary to conform our resources to the market in order to maximize National's opportunity for long-term success.
call cautious early encouraged improvement recent remain
While we are encouraged by the recent seasonal improvement in bookings, we still feel it is too early to call the turn, and we remain cautious on the near-term outlook.
cease dragging financial pc performance several
We will immediately cease slugging it out in the PC processor market, which has been dragging down our financial performance for several quarters.
economy economy-and-economics outlook overall remains
But the overall economy is still sluggish. As a result, our near-term outlook remains cautious.
both continued delivery entered fall improvement looking meaningful revenue second
We have entered the fall with much better backlog in place for delivery in the second quarter. We are looking for continued meaningful improvement in both revenue and profitability in the second quarter.
december earlier factor felt issue january months necessary results
Now that we have the months of December and January finished, we felt it necessary to factor those results into our earlier projections and issue this update.
analog drove execution focus gross led margins percent previous robust wireless
Led by robust analog and wireless sales, we had an outstanding quarter. Focus on execution drove our gross margins to 51 percent, up from 48 percent in the previous quarter.
based current earnings inventory pcs percent projected quarter seven slowness weeks wireless
Seven weeks ago at our Dec. 7 earnings announcement, we projected a falloff in the current quarter of 10 percent based on slowness in the wireless market, PCs and peripherals, and a broad-based distribution inventory correction.
closely continue control costs investing key markets maximize potential
Going forward, we will continue to closely control costs while investing in key markets to maximize our potential for profitability.
awareness basic compete desire funding globally needed plays quality role security technology
What's needed is more funding for basic research, a desire to compete globally and an awareness of the role technology plays in our security and quality of life.
ahead announced plan profits return schedule
We are ahead of schedule on the return to profits plan we announced on May 5.