Key Developments For Microchip Technology Inc
Microchip Technology Inc (MCHP.O) (Nasdaq)
Microchip Technology, Inc. Issues Q3 2010 Outlook Above Analysts' Estimates; Declares Quarterly Cash Dividend
Microchip Technology, Inc. announced that for the third quarter of 2010, it expects revenue of $236 to $245 million, GAAP earnings per share (EPS) of $0.27 to $0.29 and non-GAAP EPS of $0.33 to $0.35. According to Reuters Estimates, analysts on an average were expecting the Company to report non-GAAP EPS of $0.23 on revenue of $224 million for the same period. The Company also announced that it has declared a quarterly cash dividend on its common stock of $0.34 per share. The quarterly dividend is payable on December 2, 2009, to stockholders of record on November 18, 2009.
Microchip Technology, Inc. Launches MCP9804 Temperature Sensor
Microchip Technology, Inc. announced the MCP9804 Temperature Sensor. The sensor provides high temperature accuracy of +0.25° C (typical) and +/- 1° C from -40 to +125°C, as well as static current consumption of just 200 µA (typ.). Available in small 8-pin MSOP and 2 mm x 3 mm DFN packages, the I2C device reduces board space and enables longer battery life for industrial, automotive and consumer applications.
Microchip Technology, Inc. Raises Q2 2010 Guidance
Microchip Technology, Inc. announced that its net sales and earnings for its second quarter 2010 are expected to exceed the upper end of its prior guidance. Based on good starting backlog and strong bookings and sales activities for the first two months of the quarter, the Company now expects its net sales for its second quarter 2010 to be up 12% to 14% sequentially or $216-$220 million. The Company expects GAAP diluted earnings per share (EPS) to be approximately $0.20-$0.22 and non-GAAP diluted EPS to be approximately $0.26-$0.27. On August 6, 2009, the Company had provided guidance of net sales increasing 7% to 11% sequentially, GAAP diluted earnings per share of approximately $0.18-$0.20, and non-GAAP diluted EPS of approximately $0.23-$0.26. According to Reuters Estimates, analysts were expecting the Company to report revenue of $211 million and EPS of $0.20 for the second quarter 2010.
Microchip Technology, Inc. Issues Q2 2010 Outlook Above Analysts' Estimates; Declares Quarterly Cash Dividend
Microchip Technology, Inc. announced that for the second quarter of 2010, it expects revenue to be in the range of $206 to $214 million, GAAP earnings per share (EPS) to be in the range of $0.18 to $0.20 and non-GAAP EPS range of $0.23 to $0.26. According to Reuters Estimates, analysts on an average were expecting the Company to report EPS of $0.17 on revenue of $200 million for the same period. The Company also announced that its Board of Directors has declared a quarterly cash dividend on its common stock of $0.339 per share. The quarterly dividend is payable on September 3, 2009 to stockholders of record on August 20, 2009.
Microchip Technology, Inc. Introduces 100 Mbps Ethernet Controllers With Integrated Security Engines To Enable Fast and Secure Embedded Connectivity
Microchip Technology, Inc. announced the low-cost ENC624J600 standalone, IEEE 802.3 compliant, 100 Mbps Ethernet interface controllers.
