PLX Technology, Inc. announced second quarter 2010 revenues of $29.7 million and net income of $1.7 million, or $0.04 per share (diluted).
"We have now had four successive growth quarters with strong trends continuing in some of our newer network attach storage and USB-interconnect products," said Ralph Schmitt, president and CEO of PLX. "Bookings remain strong and we expect to see a robust third quarter, which will be seasonally driven by storage and supported with continued strength in the enterprise-based PCI Express business."
In a release on July 26 the company noted product information:
replica breitling watchesPLX continues to innovate and deliver industry-leading products with key customer engagements.
"PLX's new-product-execution machine continues to deliver, with the release of our new NAS product and USB3 controllers," said Schmitt, "Both of these advanced consumer products have already won designs at market-leading customers. We also achieved our first successful PCI Express Gen 3 interoperation. This is a critical step to building out the next-generation high-speed PCI Express ecosystem, at which PLX is at the forefront."
The following products and developments were publicly announced during the second quarter:
-the industry's highest-performance SATA storage controller (OXUFS944SE), optimized for real-time encryption
-the entire PLX PCI Express Replica Chaumet Watch (PCIe) and Universal Serial Bus (USB) product families are now fully represented on integrators lists of the PCI Special Interest Group and USB Implementers Forum
-PLX named ASUStek Best Partner
-USB Duet simplifies Apple iPad photo, keyboard, audio sharing
-all PLX PCIe Gen 2 switches support industrial temperature operation
-sampling begins for the industry's highest-performance USB SuperSpeed 3.0 controllers (OXU3100, OXU3101 and OXU3102)
Business Outlook
The following statements are based on current expectations. The Company does not intend to update, confirm or change this guidance until its third quarter 2010 earnings release, although it may provide additional details regarding its guidance during today's scheduled conference call.
-Net revenues for the third quarter ending September 30, are expected to be between $30.0 million and $32.0 million.
-Gross margins are expected to be approximately 56 percent.
-Operating expenses are expected to be approximately $15.5 million. Included in operating expenses are share-based compensation and acquisition-related amortization charges of approximately $1.0 million.
PLX management plans to conduct a conference call and webcast today at 2 p.m. (PDT) to discuss its second quarter 2010 financial results, as well as its third quarter 2010 outlook. A live webcast of the conference call will be available through the Investor Relations section of the PLX Website at , which also can be heard live via telephone at 719.325.2483. A recorded replay of this webcast will be available on the PLX website beginning at 5 p.m. (PDT) on July 26, through 5 p.m. (PDT) on August 2. To listen to the replay via jimmy choo Fake Handbags telephone, call 719.457.0820 and use access code 4599281.
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