Xilinx Inc. (XLNX) is expected to report its second quarter results later today. Last month, the company had upgraded its guidance for the quarter. It expects quarterly sales to be up approximately 10% sequentially due to the broad based strength across all end markets and geographical divisions. Xilinx expects to ship most of last quarter’s delinquencies in the September quarter. Management reiterated its gross margin guidance of 61%. Operating expenses are estimated to come around $175 million, including $5 million in restructuring charges. California-based Xilinx designs and manufactures a broad range of high-performance, high-density programmable logic devices (PLDs) for electronic equipment manufacture. Earlier, rival Altera Corp. (ALTR) reported its quarterly results that matched expectations. Sales of $286.6 million were down 20% from a year ago but up 3% sequentially. Management stated that business conditions improved steadily during the quarter and most markets performed better than

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Xilinx, Inc. (XLNX) recently upgraded its guidance for the September quarter. The company now expects sales to be up approximately 10% sequentially, from the previous guidance of sales being up approximately by 2% – 6%. The increase in guidance was primarily due to the broad-based strength across all end markets and geographies. Virtex 5 sales are expected to increase significantly in the September quarter and should surpass 20% of total sales. The company expects to ship the majority of last quarter’s delinquencies in the September quarter. Management reiterated its gross margin guidance of 61%. Operating expenses are estimated to come around $175 million, including $5 million in restructuring charges. California-based Xilinx designs and manufactures a broad range of high-performance, high-density programmable logic devices (PLDs) for electronic equipment manufacture. Earlier, rival Altera Corporation (ALTR) raised its revenue guidance for the third quarter driven by ...

Last week, Altera Corp. (ALTR) announced that it will eliminate approximately 3% of its workforce in order to streamline its cost structure. The company’s headcount currently stands at 2700. The eliminations will take effect in the third quarter and result in severance charges of approximately $4 million – $5 million. Altera expects to realize annualized savings of about $9 million from the restructuring.

Altera designs, manufactures and markets a broad range of high-performance, high-density programmable logic devices (PLDs), such as field-programmable gate arrays (FPGAs) and complex programmable logic devices (CPLDs).

Management seems to be taking steps to improve profitability after the slump in second-quarter earnings. Last month, the company reported quarterly sales of $279.2 million, which were up 6% sequentially, but down 22% year over year.

Operating margin came in at 24%, down from 31.6% in the last quarter. Net income slumped to $47.4 million from $98 million

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Altera Corp. (ALTR, Buy) issued its mid-quarter update for Q2, ending in June, yesterday. Judging from the share-price performance so far today (down nearly 5%), investors appear to have taken the news with a grain of salt. Perhaps the absence of an upside in guidance is the reason for the shares negative performance so far today.Investors may recall that ALTR shares got a boost last week following a sell-side analyst raising his Q2 EPS estimates by a penny, compared to our and consensus estimates of $0.16, based mainly on expectation that the company will boost its second-quarter forecast during the mid-quarter update. Apparently the company has not done so, resulting in a reversal of gains from last week.But it remains to be seen whether the company can deliver improved results compared to our and consensus expectations, given the company's reiteration that "demand from OEMs ...

Based in San Jose, California, Altera Corporation (ALTR) designs, manufactures, and markets a broad range of high-performance, high-density programmable logic devices (PLDs) such as field-programmable gate arrays (FPGAs) and complex programmable logic devices (CPLDs).ALTR is experiencing slower than anticipated sales across all market segments, particularly in the Computer & Storage and Consumer market segments. Management attributed it to inventory reductions by a broad range of end customers across all market segments.The gross margin improved to 69.2% from 64.1% generated in Q4:07 and was up from 67.1% in the previous quarter, mainly due to ongoing cost savings initiatives and product mix. ALTR announced that they have started shipping 40nm Stratix IV devices to customers during Q4.Going forward, management expects a further decline in demand from all its end markets and estimates sales to decline in the range of 15%-25% in Q1. We maintain ...

Xilinx, Inc. (XLNX) designs and manufactures a broad range of high-performance, high-density programmable logic devices (PLDs) such as field-programmable gate arrays and complex-programmable logic devices. These logic devices are used to direct signal traffic within a digital system. Equipment manufacturers across a wide range of industries employ PLDs in their devices.Avnet (AVT) distributes the majority of the company s products. As of March 29, 2008, Avnet accounted for 83% of its total accounts. Resale of products through Avnet accounted for 61% of the company's worldwide net revenues.Going forward, management recently downgraded the guidance for third quarter and now expects sales to be down by approximately 6%-10% sequentially, primarily due to much weaker-than-anticipated sales in December from a broad base of end markets, down from the previous estimate of sales, up 2% or down 2% q/q.The company is expected to report results ...