Second-quarter sales jumped by 49% year-over-year to $620 million, and earnings nearly tripled to $0.65 per diluted share. That's nothing to sneeze at, but Xilinx still appears to have lost market share to chief rival Altera
What's worse, at least at first glance, is that operating cash flows got a brutal haircut, which makes Xilinx potentially less attractive to the value hounds out there.
Dig a little deeper, though, and the cash flow problem seems to evaporate. It's a purportedly temporary situation caused by a generous deal to assist the liquidity of biggest distribution partner Avnet
Xilinx participates in some very attractive end markets, including controllers for 3-D TV sets (which are selling rather well even if nobody really wants them) and both the LTE and HDSPA flavors of high-speed wireless networking systems. Share losses to Altera are somewhat troubling, and you never know when smaller rivals Actel
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Fool contributor Anders Bylund holds no position in any of the companies discussed here. You can check out Anders' holdings and a concise bio if you like, and The Motley Fool is investors writing for investors.