Tag Archives: Power Integrations

Fairchild Semiconductor Reports Results for the First Quarter 2013

By Business Wirevia The Motley Fool

Filed under:

Fairchild Semiconductor Reports Results for the First Quarter 2013

  • Bookings at $400 million Quarterly Rate for First Quarter and So Far in Second Quarter
  • Direct OEM Bookings at Highest Level Since 2010
  • Automotive Product Line Sales up 26% Sequentially to Record Quarterly Level

SAN JOSE, Calif.–(BUSINESS WIRE)– Fairchild Semiconductor (NYS: FCS) , a leading global supplier of power semiconductors, today announced results for the first quarter ended March 31, 2013. Fairchild reported first quarter sales of $343.2 million, up 3 percent from the prior quarter and 3 percent lower than the 14 week first quarter of 2012.

Fairchild reported a first quarter net loss of $0.5 million or $0.00 per diluted share compared to a net loss of $13.6 million or $0.11 per diluted share in the prior quarter and net income of $1.6 million or $0.01 per diluted share in the first quarter of 2012. Gross margin was 26.9 percent compared to 29.8 percent in the prior quarter and in the year-ago quarter.

Fairchild reported first quarter adjusted gross margin of 27.8 percent, down 200 basis points from the prior quarter and the first quarter of 2012. Adjusted gross margin excludes accelerated depreciation related to a line closure. Adjusted net loss was $2.0 million or $0.02 per diluted share, compared to net income of $12.3 million or $0.10 per diluted share in the prior quarter and $8.3 million or $0.06 per diluted share in the first quarter of 2012. This adjusted net loss excludes the $12.6 million litigation charge reversal related to the recent favorable court ruling on the first Power Integrations lawsuit. See the Reconciliation of Net Income to Adjusted Net Income exhibit included in this press release for more details on the other adjustment items.

“First quarter sales and second quarter guidance are better than seasonal,” said Mark Thompson, Fairchild’s chairman and CEO. “Bookings were robust throughout the first quarter and so far through Q2 at about a $400 million quarterly rate. These strong order rates are especially evident for our direct OEM business which is booking at the highest level since 2010. We posted solid sales growth in our high voltage products serving the industrial, appliance and automotive markets as well as continued market share gains for our mobile analog and power management solutions. These markets now account for 74% of total company sales, the highest

From: http://www.dailyfinance.com/2013/04/18/fairchild-semiconductor-reports-results-for-the-fi/

Power Integrations Reports Appeals Decision in Patent Litigation with Fairchild Semiconductor

By Business Wirevia The Motley Fool

Filed under:

Power Integrations Reports Appeals Decision in Patent Litigation with Fairchild Semiconductor

Court affirms finding of infringement against Fairchild, noting that Fairchild “fostered a corporate culture of copying”

SAN JOSE, Calif.–(BUSINESS WIRE)– Power Integrations (Nasdaq: POWI) today announced a decision from a federal appeals court regarding the company’s 2004 patent-infringement lawsuit against Fairchild Semiconductor. In 2006, Fairchild was found to infringe several Power Integrations patents, resulting in a permanent injunction against more than 100 infringing Fairchild products. The U.S. Court of Appeals yesterday affirmed Fairchild’s infringement of Power Integrations‘ intellectual property rights, supporting the basis for the permanent injunction. The appeals court also identified certain aspects of the case for reconsideration by the district court, including issues surrounding financial damages.

The decision follows a series of rulings favoring Power Integrations in its dispute with Fairchild. In 2012, a jury found that Fairchild infringed two of the same patents previously found to be infringed in the 2004 case, implicating 75 additional Fairchild products. Power Integrations is seeking damages and an injunction against those infringing products as well. In 2006, the International Trade Commission (ITC) found that System General (SG), later acquired by Fairchild, infringed two Power Integrations patents and issued an exclusion order barring SG‘s importation of the infringing products into the U.S. market. In December 2012, in a case brought by Fairchild against Power Integrations, a Chinese court ruled that Power Integrations did not infringe any of the patents asserted by Fairchild.

Commented Balu Balakrishnan, president and CEO of Power Integrations: “We are pleased that the Court has confirmed Fairchild’s infringement, supporting the basis for the permanent injunction. We intend to continue seeking financial compensation for the harm done to us over the past decade by Fairchild’s blatant disregard of our intellectual property rights, which flows from what the appeals court described as Fairchild’s ‘corporate culture of copying.'”

About Power Integrations

Power Integrations, Inc., is a Silicon Valley-based supplier of high-performance electronic components used in high-voltage power-conversion systems. The company’s integrated circuits and diodes enable compact, energy-efficient AC-DC power supplies for a vast range of electronic products including mobile devices, TVs, PCs, appliances, smart utility meters and LED lights. CONCEPT IGBT drivers enhance the efficiency, reliability and cost of high-power applications such as industrial motor drives, …read more
Source: FULL ARTICLE at DailyFinance

Fairchild Semiconductor Reports Favorable Results in Lawsuit Appeal Against Power Integrations

By Business Wirevia The Motley Fool

Filed under:

Fairchild Semiconductor Reports Favorable Results in Lawsuit Appeal Against Power Integrations

SAN JOSE, Calif.–(BUSINESS WIRE)– Fairchild Semiconductor (NYS: FCS) , a leading global supplier of high performance power and mobile semiconductor solutions, reported that a federal appeals court vacated almost all of a $12.9 million damages award against the company in its long-running patent litigation against Power Integrations, Inc.

In a 59-page ruling released March 26, the United States Court of Appeals for the Federal Circuit accepted many of Fairchild’s core arguments, threw out a lower court’s finding that Fairchild willfully infringed Power Integrations‘ patents, and reversed lower court rulings on the meaning of some Power Integrations‘ patent claims.

“We are gratified that after more than eight years of litigation, the appeals court has validated positions we have asserted since the lawsuit began,” said Mark Thompson, Fairchild’s chairman and CEO. “We are hopeful that we might begin a dialog with Power Integrations toward a more effective means of resolving disagreements over our technologies and Fairchild’s intellectual property rights.”

In 2006, a jury found Fairchild infringed four Power Integrations patents and awarded $33.9 million in damages, which was subject to tripling because the infringement was found willful. Damages were later reduced to $12.9 million by the trial court. In Tuesday’s ruling, the Federal Circuit eliminated the lower damages amount as well, stating that Power Integrations‘ evidence of damages was “derived from unreliable data and built on speculation.” In vacating the damages award, the court found “there was no basis upon which a reasonable jury could find Fairchild liable for induced infringement.” The court also threw out the earlier ruling of willful patent infringement by Fairchild. The ruling validates longstanding arguments made by Fairchild in multiple lawsuits involving the two companies.

The appeals court instructed the lower court to conduct further proceedings to determine damages from conduct that Fairchild always agreed occurred, which consisted of approximately $500,000 to $750,000 worth of sales and imports of affected products. Fairchild believes Power Integrations would be entitled to a reasonable royalty on the basis of these direct U.S. sales. Fairchild suspended sales of affected products in the United States in 2007 and offers replacement products that were not accused in the lawsuit.

The findings that Fairchild infringed two Power Integrations‘ patents were also overturned by the ruling, calling into question the validity of those patents and whether they cover Fairchild’s products. Further proceedings will be needed to determine the effect of the Federal Circuit‘s rulings on the meaning of several …read more
Source: FULL ARTICLE at DailyFinance

OCZ Picks a CFO

By Rich Smith, The Motley Fool

Filed under:

San Jose-based OCZ Technology Group is switching CFOs.

On Monday, the maker of solid-state memory drives announced that its chief financial officer of nine years, Arthur Knapp, is retiring and will be replaced by Rafael Torres.

Torres comes to OCZ from Alcatel-Lucent subsidiary Capella Photonics, where he served as CFO up through the switchmaker’s January acquisition by larger Lucent. He also has experience in that position in two other Nasdaq-listed firms, $1.2 billion market-capped Power Integrations and smaller PLX Technology. In each case, OCZ says that Torres helped to engineer turnarounds at businesses that had come upon difficult times — such as those encountered by unprofitable OCZ.

OCZ shares gained 3.9% in Monday trading, closing at $1.85 per share ahead of the news.


 

The article OCZ Picks a CFO originally appeared on Fool.com.

Fool contributor Rich Smith has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

(function(c,a){window.mixpanel=a;var b,d,h,e;b=c.createElement(“script”);
b.type=”text/javascript”;b.async=!0;b.src=(“https:”===c.location.protocol?”https:”:”http:”)+
‘//cdn.mxpnl.com/libs/mixpanel-2.2.min.js’;d=c.getElementsByTagName(“script”)[0];
d.parentNode.insertBefore(b,d);a._i=[];a.init=function(b,c,f){function d(a,b){
var c=b.split(“.”);2==c.length&&(a=a[c[0]],b=c[1]);a[b]=function(){a.push([b].concat(
Array.prototype.slice.call(arguments,0)))}}var g=a;”undefined”!==typeof f?g=a[f]=[]:
f=”mixpanel”;g.people=g.people||[];h=[‘disable’,’track’,’track_pageview’,’track_links’,
‘track_forms’,’register’,’register_once’,’unregister’,’identify’,’alias’,’name_tag’,
‘set_config’,’people.set’,’people.increment’];for(e=0;e<h.length;e++)d(g,h[e]);
a._i.push([b,c,f])};a.__SV=1.2;})(document,window.mixpanel||[]);
mixpanel.init("9659875b92ba8fa639ba476aedbb73b9");

function addEvent(obj, evType, fn, useCapture){
if (obj.addEventListener){
obj.addEventListener(evType, fn, useCapture);
return true;
} else if (obj.attachEvent){
var r = obj.attachEvent("on"+evType, fn);
return r;
}
}

addEvent(window, "load", function(){new FoolVisualSciences();})
addEvent(window, "load", function(){new PickAd();})

var themeName = 'dailyfinance.com';
var _gaq = _gaq || [];
_gaq.push(['_setAccount', 'UA-24928199-1']);
_gaq.push(['_trackPageview']);

(function () {

var ga = document.createElement('script');
ga.type = 'text/javascript';
ga.async = true;
ga.src = ('https:' == document.location.protocol ? 'https://ssl' : 'http://www') + '.google-analytics.com/ga.js';

var s = document.getElementsByTagName('script')[0];
s.parentNode.insertBefore(ga, s);
})();

Read | Permalink | Email this | Linking Blogs | Comments

…read more
Source: FULL ARTICLE at DailyFinance

Power Integrations CEO to Present at Roth Conference on March 18

By Business Wirevia The Motley Fool

Filed under:

Power Integrations CEO to Present at Roth Conference on March 18

SAN JOSE, Calif.–(BUSINESS WIRE)– Power Integrations (Nasdaq: POWI), the leader in high-voltage integrated circuits for energy-efficient power conversion, today announced that Balu Balakrishnan, the company’s president and CEO, will present at the 2013 Roth OC Growth Stock Conference in Dana Point, Calif. on March 18 at noon Pacific time. A live and archived webcast of the presentation will be available via the investor page of the company’s website, http://investors.powerint.com.

About Power Integrations

Power Integrations, Inc., is a Silicon Valley-based supplier of high-performance electronic components used in high-voltage power-conversion systems. The company’s integrated circuits and diodes enable compact, energy-efficient AC-DC power supplies for a vast range of electronic products including mobile devices, TVs, PCs, appliances, smart utility meters and LED lights. CONCEPT IGBT drivers enhance the efficiency, reliability and cost of high-power applications such as industrial motor drives, solar and wind energy systems, electric vehicles and high-voltage DC transmission. Since its introduction in 1998, Power IntegrationsEcoSmart® energy-efficiency technology has prevented billions of dollars’ worth of energy waste and millions of tons of carbon emissions. Reflecting the environmental benefits of the company’s products, Power Integrations‘ stock is included in the NASDAQ® Clean Edge® Green Energy Index, The Cleantech Index®, and the Ardour Global IndexSM. For more information, including design-support tools and resources, please visit www.powerint.com; visit Power IntegrationsGreen Room for a comprehensive guide to energy-efficiency standards around the world.

Power Integrations, EcoSmart and the Power Integrations logo are trademarks or registered trademarks of Power Integrations, Inc. All other trademarks are property of their respective owners.

Power Integrations, Inc.
Joe Shiffler, 408-414-8528
jshiffler@powerint.com

KEYWORDS:   United States  North America  California

INDUSTRY KEYWORDS:

The article Power Integrations CEO to Present at Roth Conference on March 18 originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – …read more
Source: FULL ARTICLE at DailyFinance