Sunday, July 18, 2010

Atheros Reports Record Q2 Revenue of $238M, Acquisition of Opulan

Atheros Communications reported record Q2 2010 $238.2 million, up 11 percent compared to $214.7 million reported in the first quarter of 2010. Second quarter 2010 revenue increased 112 percent compared to $112.2 million reported in the second quarter of 2009. Net income (GAAP) was $29.7 million or $0.41 per diluted share. This compares to GAAP net income of $19.7 million or $0.27 per diluted share in the first quarter of 2010. Net loss in the second quarter of 2009 was $0.3 million or $0.00 per diluted share. Cash, cash equivalents and marketable securities were $508.4 million at June 30, 2010, up $64.8 million from the balance at March 31, 2010.

"Strong demand from our networking and consumer channels enabled us to post record revenue, operating profit and cash flow generation in the second quarter. Connectivity solutions for our consumer channel are being widely adopted by a variety of customers reflecting new market opportunities for our portfolio of communications products," said Craig Barratt, president and chief executive officer of Atheros Communications.

Atheros also announced a deal to acquire Opulan Technologies Corp., a privately held Chinese fabless semiconductor company specializing in solutions for passive optical networking (PON) and broadband access aggregation (MUX).

Atheros said the acquisition further expands its end-to-end (WAN-to-LAN) architecture consisting of Ethernet, Wi-Fi and Powerline solutions. Furthermore, Opulan's team augments Atheros' workforce in China, which enables the company to increase its engineering and customer support for the large broadband deployments that are projected for the region.

Atheros' ETHOS line of Ethernet switching solutions will complement Opulan's 1G/10G EPON (Ethernet PON) and MUX product portfolio. The company intends to integrate the carrier transport mechanisms with its high-performance Gigabit Ethernet solutions. This will enable a carrier-class FTTH platform that delivers Gigabit broadband access from the central office to the gateway, and then intelligently routes the traffic within the home.

  • In December 2009, Atheros Communications completed its acquisition of Intellon Corporation. With this acquisition, Atheros enhances its networking technology portfolio to include Intellon's powerline communications (PLC) solutions for home networking, networked entertainment, broadband-over-powerline (BPL) access, Ethernet-over- Coax (EoC) and smart grid management applications.