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Xilinx Narrows March Quarter Guidance
- March quarter sales are expected to be down 13% to 18% sequentially. This is an upward revision to previous sales guidance of down 15% to 25% sequentially due primarily to better than expected wireless communications sales.
- Gross margin guidance of 61% to 63% and operating expense guidance of flat to slightly down sequentially remain unchanged.
No conference call will be held in conjunction with this guidance
revision. Additional commentary pertaining to the quarter will be available
when the company reports its fourth quarter financial results on
This release contains forward-looking statements and projections. Forward-looking statements and projections can often be identified by the use of forward-looking words such as "expect," "may," "will," "could," "believe," "anticipate," "estimate," "continue," "plan," "intend," "project" or other similar words. Undue reliance should not be placed on such forward-looking statements and projections, which speak only as of the date they are made. We undertake no obligation to update such forward-looking statements. Actual events and results may differ materially from those in the forward-looking statements and are subject to risks and uncertainties including the general health of global economies as well as of the semiconductor industry, the health of our end markets and our customers' customers, our ability to forecast end customer demand, customer acceptance of our new products, the ability of our customers to manage their inventories, a high dependence on turns business, more customer volume discounts than expected, greater product mix changes than anticipated, fluctuations in manufacturing yields, our ability to deliver product in a timely manner, our ability to successfully manage production at multiple foundries, variability in wafer pricing, and other risk factors listed in our most recent Forms 10-K and 10-Q.
CONTACT: Investor Relations,
Web Site: http://www.xilinx.com