Emergency Response and Wireless Location Systems    by Manlio Allegra      Home         Topics: Main | Standards Organizations | Archive   EZchip Reports Q2 Results EZchip Semiconductor, which supplies network processors, reported Q2 revenues of $6.7 million, compared to $8.0 million in the second quarter of 2008, and $9.8 million in the first quarter of 2009. The lower quarterly revenues follow EZchip's principal customer's decision to temporarily reduce the purchase of processors from the company during most of the second quarter and instead to consume existing inventory. There was a net loss (GAAP) of $0.7 million. Net income, on a non-GAAP basis, was $1.2 million for the quarter Eli Fruchter, CEO of EZchip commented, "I am pleased to report that the temporary decline in orders from our principal customer ended in May, and, starting from June, we witnessed a strong increase in orders from this customer and from other customers. This strong order pickup underscores our belief that the second quarter revenue shortfall was a singular event and we expect to return to, and potentially exceed, first quarter 2009 revenue levels already in the third quarter. In terms of profitability, we achieved this quarter healthy profit margins, enabling us to generate, despite the revenue shortfall, non-GAAP net income of $1.2 million and strong cash flow of $5 million, enabling us to end the quarter with a strong net cash position of over $55 million." "During the quarter, revenues from Marvell, the supplier of our specialized NP-3 processor to a leading CESR market player, grew considerably and exceeded $1 million, contributing, for the first time, more than 10% of our quarterly revenues. While these are still early days for the NP-3, with an expected lumpiness between the quarters, we believe that Marvell, through its sales to this leading CESR player has the potential to become our largest customer in the long term." http://www.ezchip.com 03-Aug-09 > Learn How to Get Your Video on this Site Recent Standards News Royalty-Free End-User Licensing for H.264 AVC Internet Video 8/27/2010 HomePlug AV2 Spec to Support Gigabit-class Powerline 7/28/2010 Wholesale Applications Community Sets Course 7/27/2010 OpenSAF Announces High Availability Middleware Release 4.0 7/27/2010 ZyXEL's VDSL Products Gain IPv6 Phase II Certification 7/21/2010 Vendors back POLQA -- Mobile Voice Quality Testing Standard 7/16/2010 OIF Finalizes IAs for 100G Modules and Control Plane Logging/Auditing 7/14/2010 Alvarion to Support TDD-LTE 7/13/2010 Internet2 Appoints Dave Lambert as CEO 7/8/2010 Bluetooth Adopts Low Energy Spec for Wireless Sensors 7/7/2010 WiMAX Forum Publishes Femtocell Standard 6/17/2010 HomeGrid Forum Partners with BroadBand Forum 6/15/2010 HomePlug Powerline Alliance’s Green PHY Spec for Smart Grid Published 6/14/2010 ITU Approves G.hn as Global Standard for Wired Home Networking 6/11/2010 Eight Silicon Vendors Back G.hn 6/11/2010 > More news...   Search  this site   Search the Web   Get Your Column Published Emergency Response and Wireless Location Systems by Manlio Allegra Interview: NSN's Sue Spradley on LightSquared's Wholesale Mobile Data Paradigm by Sue Spradley Mobile Backhaul Transition Requires New Testing by Joe Zeto Cybersecurity Requires Public/Private Coalition by Greg Oslan A Rethinking of Cloud Services and Network Architecture by Jim Theodoras Delivering Scalable Video Solutions <br><i> Advantages of SVC-Optimized QoS</i> by Andy Singleton