Avago Technologies Updates First Quarter Fiscal 2010 Financial Guidance

SAN JOSE, Calif. & SINGAPORE — (BUSINESS WIRE) — January 15, 2010 — Avago Technologies Limited (Nasdaq: AVGO), today announced that, based on preliminary quarter-to-date results, it now expects revenue in the first fiscal quarter ending January 31, 2010 to be up 3.0 - 5.0% sequentially from the fourth fiscal quarter of 2009. Previous guidance issued on December 3, 2009 had been for revenue to be in the range of flat to down 3% sequentially.

The improvement in forecasted results for the first fiscal quarter is primarily the result of stronger than anticipated sales in the wired infrastructure and industrial target markets. In addition, during the quarter to date the Company has seen a degree of price stabilization across all of its target markets.

The updated financial outlook for the first quarter of fiscal year 2010 from the prior quarter follows:



Reconciling Items


Revenue up 3.0% to 5.0% up 3.0% to 5.0%
Gross Margin 41.5% plus/minus 50 bpt. $15M 45.0% plus/minus 50 bpt.
Operating Expenses $117M $11M $106M
Interest and Other $34M $24M $10M
Taxes $3M to $4M $3M to $4M
Diluted Share Count 245M 248M

1 | 2 | 3  Next Page »

Review Article Be the first to review this article

Featured Video
Mid-Level Mechanical Engineer for Kiewit at lenexa, Kansas
Director of Process Engineering. for Tekni-Plex at Toledo, Ohio
System Designer/Engineer for Bluewater at Southfield, Michigan
Mechanical Engineer for Allen & Shariff Corporation at Pittsburgh, Pennsylvania
Specifications Consultant for Avitru at Nationwide, Georgia
Geospatial Analyst/Programmer for LANDIQ at Sacramento, California
Upcoming Events
ESPRIT World 2018 at Indianapolis Marriott Downtown 350 West Maryland Street Indianapolis IN - Jun 11 - 15, 2018
HxGN LIVE 2018 at The Venetian Las Vegas NV - Jun 12 - 15, 2018
IMTS2018 International Manufacturing Tech Show at McCormick Place Chicago IL - Sep 10 - 15, 2018
4th International Conference on Sensors and Electronic Instrumentation Advances (SEIA' 2018) at Movenpick Hotel Amsterdam City Centre Amsterdam Netherlands - Sep 19 - 21, 2018
Kenesto: 30 day trial

Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise