On Jan. 25, integrated circuit solutions provider Agere Systems
- Agere Systems witnessed a total turnaround. Improved profitability and a solid baseline of products and design wins led it to a net profit of $16 million.
- Agere entered into a merger agreement with LSI Logic
(NYSE:LSI) , under which that company will receive 2.16 shares for every Agere share and operate under the LSI name. - Only 27 of 45 investors believe that Agere Systems will outperform the S&P 500 in our community-intelligence database, CAPS. If you have an opinion, bring it to CAPS!
(Figures in millions, except per-share data)
Income Statement Highlights
Q4 2006 |
Q4 2005 |
Change |
|
---|---|---|---|
Sales |
$372 |
$403 |
(7.7%) |
Net Profit |
$16 |
($23) |
N/A |
EPS |
$0.09 |
($0.13) |
N/A |
Diluted Shares |
170 |
181 |
(6.1%) |
Get back to basics with a look at the income statement.
Margin Checkup
Q4 2006 |
Q4 2005 |
Change* |
|
---|---|---|---|
Gross Margin |
46.8% |
47.9% |
(1.1) |
Operating Margin |
5.4% |
(4.5%) |
9.9 |
Net Margin |
4.3% |
(5.7%) |
10.0 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets |
Q4 2006 |
Q4 2005 |
Change |
---|---|---|---|
Cash + ST Invest. |
$456 |
$649 |
(29.7%) |
Accounts Rec. |
$242 |
$252 |
(4.0%) |
Inventory |
$81 |
$125 |
(35.2%) |
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
---|---|---|---|
Accounts Payable |
$127 |
$196 |
(35.2%) |
Long-Term Debt |
$362 |
$372 |
(2.7%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
Q4 2006 |
Q4 2005 |
Change |
|
---|---|---|---|
Cash From Ops. |
$19 |
($7) |
N/A |
Capital Expenditures |
$10 |
$39 |
(74.4%) |
Free Cash Flow |
$9 |
($46) |
N/A |
Find out why Fools always follow the money.
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Conexant Systems
(NASDAQ:CNXT) -
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(NASDAQ:ATHR) -
Broadcom
(NASDAQ:BRCM)
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