"Well, it looks like we weathered through the bottom of this cycle pretty well." Thus said National Semiconductor
National showed us earnings of $0.34 per share on $462 million in sales, up from $0.28 per share and $456 million last year. The revenue improvement may sound modest, but it was actually $2 million above the top end of management's guidance.
"Business conditions improved in the quarter, and we were able to turn this into higher gross margins," said Halla. The big growth driver is National's energy-efficient PowerWise product lines, developed in response to a global need for low-power chips. The opportunities to exploit that strategy are everywhere. From Apple
The company has experienced a few quarters of "choppy" order bookings, but now says that the order flow is back to its normal, smoother consistency. Distributor inventory is clearing out of a clogged supply system, and the 65.9% gross margin was a company record -- indications of healthy demand for National products.
National's bounce could be an indication of general strength in the semiconductor industry as customers start to place orders with newfound confidence. If so, it's good news for competitors like Texas Instruments