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news digest ♦ Telecoms


a loss in market share related to the customer’s change in chipset vendors that do not utilize our power amplifiers,” commented Ron Michels, President and Chief Executive Officer.


“We remain actively engaged with this large customer and its chipset vendors on next generation platforms. Additionally, we are proactively taking steps to align our cost base with revenues over the short-term, while prudently allocating resources to further expand our technology base and product offerings going forward. New product development will be a critical area of focus as we increase the breadth of our product portfolio and enhance our commitment to innovation and technology leadership. In fact, we are already heavily engaged with all of our customers and are actively pursuing several new opportunities across both Wireless and Broadband.”


“While I am disappointed in our revenue guidance for the second quarter, I want to emphasise that our foundation for future success is still intact. We have an expanding technology pipeline and strong relationships with our current customers. Together our solid balance sheet, prudent cost reductions and investment in future products will enable us to reposition Anadigics as an industry leader. Despite the significant near-term challenges that we face, I am committed to returning our company to growth and profitability and becoming more effective at everything that we do.”


Anadigics’ senior management will conduct a conference call today at 8:30 AM Eastern Time. A live audio Webcast will be available at www. anadigics.com/investors. A recording of the call will be available approximately two hours after the end of the call on the Anadigics Web site or by dialling 800-642-1687 using conference ID 60793547 (available until May 10, 2011).


III-V revenues boost Kopin’s financial results


Total revenues for Q1 2011 increased 37% to a record $34.9 million much of it down to the booming smartphone market. Display revenues also grew 59% to $17.3 million, primarily as a result of higher military display sales.


106 www.compoundsemiconductor.net October 2011


Kopin Corporation, a supplier of advanced semiconductor materials and microdisplays for mobile applications, has announced financial results for the three months ended March 26, 2011.


Total revenues for the first quarter of 2011 increased 37% to a record $34.9 million, compared with $25.4 million for the same period in 2010. III-V revenue increased 21% to $17.6 million from $14.5 million for the comparable quarter last year, reflecting stronger first quarter orders from the Company’s integrated circuit partners. Display revenue grew 59% to $17.3 million versus $10.9 million in the first quarter of 2010, primarily as a result of higher military display sales.


Net income for the first quarter of 2011 was $2.1 million, or $0.03 per diluted share, compared with $1.0 million, or $0.02 per diluted share, for the 2010 first quarter. Included in the 2010 results of operations was approximately $373,000 from the receipt of insurance proceeds and $686,000 from the sale of Micrel stock.


Gross margin for the first quarter of 2011 increased to 33.3% of product revenues from 26.5% of product revenues for the same period of 2010, reflecting an increase in sales of military displays and leveraging the III-V fixed costs over greater volume. R&D expense increased to $6.4 million, or 18.3% of revenues in 2011, compared with $4.3 million, or 16.9% of revenues in 2010, as a result of the Company’s investments in the Golden-i product, III-V products for smartphones and the acquisition of Forth Dimension Displays (FDD).


“Kopin demonstrated strong results in the first quarter, driven by contributions from both our


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