UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of
The
Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported)
July
26, 2007
Lattice
Semiconductor Corporation
(Exact
name of registrant as specified in its charter)
|
Delaware
|
000-18032
|
93-0835214
|
||
|
(State
or other jurisdiction of incorporation)
|
(Commission
File Number)
|
(IRS
Employer
Identification
No.)
|
5555
N. E. Moore Court
Hillsboro,
Oregon 97124-6421
(Address
of principal executive offices, including zip code)
(503)
268-8000
(Registrant’s
telephone number, including area code)
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
|
|
o Written
communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
|
|
|
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
|
|
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR
240.14d-2(b))
|
|
|
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR
240.13e-4(c))
|
Item
2.02. Results of Operations and Financial
Condition.
On
July 26, 2007, Lattice Semiconductor Corporation (the “Company”) issued a press
release announcing the Company’s financial results for the fiscal quarter ended
June 30, 2007. A copy of the press release is attached as Exhibit 99.1 to this
Current Report on Form 8-K.
The
information in this Item 2.02, in Item 9.01 hereof and in Exhibit 99.1 shall
not
be deemed to be “filed” for the purposes of Section 18 of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by
reference in any filing under the Securities Act of 1933, as amended, or the
Exchange Act, except as shall be expressly set forth by specific reference
in
such a filing.
Item
9.01. Financial Statements and Exhibits.
(d)
Exhibits.
The
following exhibit is being furnished (not filed) herewith:
|
|
99.1
|
Press
release, dated July 26, 2007, entitled “Lattice Semiconductor Reports
Second Quarter Financial Results.”
|
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
|
LATTICE
SEMICONDUCTOR CORPORATION
|
||||||
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Date:
July 26, 2007
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By:
|
/s/
Jan Johannessen
|
||||
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Jan
Johannessen
|
||||||
|
Senior
Vice President and
|
||||||
|
Chief
Financial Officer
|
||||||
EXHIBIT
INDEX
|
Exhibit
No.
|
Description
|
|||
|
99.1
|
Press
release, dated July 26, 2007, entitled “Lattice Semiconductor Reports
Second Quarter Financial Results.”
|
|||
Exhibit
99.1
NEWS RELEASE
For
more information contact:
Jan
Johannessen
Chief
Financial Officer
Lattice
Semiconductor Corporation
(503)
268-8000
LATTICE
SEMICONDUCTOR REPORTS
SECOND
QUARTER FINANCIAL RESULTS
Record
Quarterly FPGA Revenue and Strong New Product Growth
HILLSBORO,
OR - July 26, 2007 -
Lattice Semiconductor Corporation (NASDAQ: LSCC) today announced
financial results for the second quarter ended June 30, 2007.
For
the second quarter, revenue was $59.2 million, an increase of two percent
from
the $58.1 million reported in the prior quarter, and a decrease of six percent
from the $62.7 million reported in the same quarter a year ago.
FPGA
revenue for the second quarter was a record $13.5 million, up 14 percent
from
the $11.9 million reported in the prior quarter, and an increase of four
percent from the $13.1 million reported in the same quarter a year ago. PLD
revenue for the quarter was $45.7 million, a one percent decrease over the
$46.3
million reported in the prior quarter, and a decrease of eight percent from
the
$49.7 million reported in the same quarter a year ago.
New
product revenue for the second quarter was $6.5 million, up 35% from the
$4.8
million reported in the prior quarter, and an increase of 85% from the $3.5
million reported in the same quarter a year ago.
Other
income for the second quarter of 2007 was $4.3 million and included a $0.4
million gain related to the extinguishment of outstanding zero coupon
convertible notes and a $1.6 million gain related to the sale of a land
investment.
1
Net
loss for the second quarter was $1.5 million ($0.01 per share), as compared
to a
net loss of $4.4 million ($0.04 per share) reported in the prior quarter,
and
net income of $2.1 million ($0.02 per share) in the same quarter a year ago.
These results include non-cash amortization charges, stock based compensation
expense and restructuring charges, which total $4.0 million and $3.4 million
for
the second quarter of 2007 and 2006, respectively, and $3.9 million for the
first quarter of 2007. Excluding these charges net income for the second
quarter
was $2.6 million as compared to a net loss of $0.5 million for the prior
quarter, and net income of $5.5 million for the comparable quarter a year
ago.
“We
are very pleased by the strong growth in FPGA revenue and the accelerating
demand we experienced for our New products in the second quarter. It is
particularly rewarding to see that the historic customer design-ins we have
won
over the past few years are now increasingly moving into production,” said Steve
Skaggs, Lattice’s President and Chief Executive Officer. “Industry conditions,
particularly in the communications sector, continued to improve during the
quarter, which, together with our increasingly competitive product portfolio,
allow us to be optimistic regarding growth of our FPGA revenue.”
Second
Quarter Business Highlights:
|
·
|
Introduced
the industry’s first true 90nm non-volatile FPGA family, the
LatticeXP2TM,
which
compared to prior generation devices, doubles logic capacity
to 40K
Look-Up Tables (LUTs), improves performance 25%, reduces static
power
consumption by 33%, adds dedicated DSP blocks, and lowers the
price per
function by up to 50%. Designed using the industry’s most advanced
non-volatile FPGA technology, the LatticeXP2 devices provide
“instant-on”
logic functionality and a smaller device footprint, while also
enhancing
design security, RAM back-up and live field update
capabilities;
|
|
·
|
Announced
the immediate availability of an extensive intellectual property
(“IP”)
core portfolio for the LatticeXP2 FPGA family, which will enable
continued
customer adoption of Lattice’s industry leading non-volatile
FPGAs;
|
|
·
|
Announced
a new partnership with IP core provider PLD Applications to provide
a full
range of PCIe IP cores and related solutions to our mutual customer
base.
These solutions, targeting the emerging market for high-volume,
low-cost
bridging applications, support the groundbreaking LatticeECP2M
TM
family, the
first low cost FPGA to offer SERDES and high capacity
memory;
|
2
|
·
|
Delivered
major performance and functional enhancements in version 7.0
of Lattice’s
ispLEVERâ
FPGA design tool. This new tool suite delivers dramatically improved
performance, significantly lower runtime and memory utilization
as well as
powerful new features, including major enhancements to our hardware
debug
and power calculator tools, along with support for the new LatticeXP2
FPGAs;
|
|
·
|
Announced
industry-leading support for HyperTransport TM
technology at
rates up to 1.6 Gbps, using the LatticeSC TM
high
performance FPGA family. In addition, these advanced FPGA devices
offer
industry leading memory interface support operating at rates
up to 667
Mbps for DDR2, 750Mbps for QDRII+ and 800 Mbps for RLDRAMâII.
Support of HyperTransport and high-speed memory interfaces are
made
possible through use of the innovative PURESPEEDTM
I/O
technology in the LatticeSC TM
family.
|
Business
Outlook – September 2007 Quarter:
|
·
|
Sequential
quarterly revenue is expected to be flat to up
4%;
|
|
·
|
Gross
margin percentage is expected to be approximately 55% to
56%
|
|
·
|
Total
operating expenses are expected to be approximately
flat;
|
|
·
|
Intangible
asset amortization is expected to be approximately $2.5 million:
and
|
|
·
|
Other
income is expected to be
approximately $3.0
million.
|
Discussion
of Non-GAAP Financial Measures:
Management
evaluates and makes operating decisions using various performance measures.
In
addition to our GAAP results, we also consider adjusted net income, which
we
refer to as non-GAAP net income (loss). This measure is generally based on
the
revenue of our products and the costs of those operations, such as cost of
products sold, research and development, sales and marketing and general
and
administrative expenses, that management considers in evaluating our ongoing
core operating performance. Non-GAAP net income (loss) excludes amortization
of
intangible assets, stock-based compensation and restructuring charges.
Intangible assets relate to assets acquired through acquisitions and consist
of
technology purchased in connection with the acquisitions. Stock-based
compensation charges are related to the adoption of SFAS No. 123(R) effective
January 1, 2006, and include expense for items such as stock options and
restricted stock units granted to employees, purchases under the employee
stock
purchase plan and deferred stock compensation issued in connection with
acquisitions. Restructuring charges consist of expenses and subsequent
adjustments incurred under our corporate restructuring plan that took place
in
the fourth quarter of fiscal 2005, and include items such as separation
packages, costs to vacate space under long-term lease arrangements, the cost
to
write-off an intellectual property license and other related
expenses.
3
Non-GAAP
net income (loss) is a supplemental measure of our performance that is not
required by and not presented in accordance with GAAP. Moreover, it should
not
be considered as an alternative to net (loss) income, operating loss or any
other performance measure derived in accordance with GAAP, or as an alternative
to cash flow from operating activities or as a measure of our liquidity.
Investors and potential investors are encouraged to review the reconciliation
of
non-GAAP financial measures contained within this press release with our
net
(loss) income, which is our most directly comparable GAAP financial result.
For
more information, see the consolidated statement of operations contained
in this
earnings release.
On
July 26, 2007, Lattice will hold a telephone conference call at 2:00
p.m. (Pacific Time) with financial analysts. Investors may listen to our
conference call live via the web at www.lscc.com. Replays of the call will
also be available at www.lscc.com. On September 13, 2007, we plan to
publish a “Business Update Statement” on our website. Our financial guidance
will be limited to the comments on our public quarterly earnings call and
these
public business outlook statements.
The
foregoing paragraphs contain forward-looking statements that involve estimates,
assumptions, risks and uncertainties. With respect to particular forward-looking
statements in the “Business Outlook - September 2007 Quarter” section of
this release, Lattice believes the factors identified below in connection
with
each such statement could cause actual results to differ materially from
the
forward-looking statements.
Estimates
of future revenue are inherently uncertain due to the high percentage of
quarterly “turns” business. In addition, revenue is affected by such factors as
pricing pressures, competitive actions, the demand for our products, and
the
ability to supply products to customers in a timely manner. Actual gross
margin
percentage and operating expenses could vary from the estimates contained
herein
on the basis of, among other things, changes in revenue levels, changes in
product pricing and mix, changes in wafer, assembly and test costs, variations
in manufacturing yields, and changes in stock-based compensation charges
due to
stock price changes.
4
In
addition to the foregoing, other factors that may cause actual results to
differ
materially from the forward-looking statements herein include the Company’s
dependencies on its silicon wafer suppliers, technological and product
development risks, and the other risks that are described from time to time
in
our filings with the Securities and Exchange Commission. The Company does
not
intend to update or revise any forward-looking statements, whether as a result
of events or circumstances after the date hereof or to reflect the occurrence
of
unanticipated events.
Lattice
Semiconductor Corporation provides the industry’s broadest range of Programmable
Logic Devices (PLD), including Field Programmable Gate
Arrays (FPGA), Complex Programmable Logic Devices (CPLD),
Mixed-Signal Power Management and Clock Generation Devices, and industry-leading
SERDES products.
Lattice
continues to deliver “More of the Best” to its customers with comprehensive
solutions for system design, including an unequaled portfolio of high
performance, non-volatile and low cost FPGAs.
Lattice
products are sold worldwide through an extensive network of independent sales
representatives and distributors, primarily to OEM customers in communications,
computing, industrial, consumer, automotive, medical and military end markets.
For more information, visit http://www.latticesemi.com.
#
# #
Lattice
Semiconductor Corporation, Lattice (& design), L (&
design), ispLEVER, ispXP2, LatticeECP2M, LatticeSC, and specific
product designations are either registered trademarks or trademarks
of Lattice Semiconductor Corporation or its subsidiaries in the United States
and/or other countries. HyperTransport TM is a licensed
trademark of the HyperTransport Technology Consortium in the U.S. and other
jurisdictions.
GENERAL
NOTICE: Other product names used in this publication are for identification
purposes only and may be trademarks of their respective
holders.
5
Lattice
Semiconductor Corporation
Consolidated
Statement of Operations
(in
thousands, except per share data)
|
Three months ended
|
Six
months ended
|
||||||||||||||||
|
Description
|
June 30, 2007
|
March 31, 2007
|
July 1, 2006
|
June
30, 2007
|
July
1, 2006
|
||||||||||||
|
(unaudited)
|
(unaudited)
|
(unaudited)
|
(unaudited)
|
(unaudited)
|
|||||||||||||
|
Revenue
|
$
|
59,243
|
$
|
58,107
|
$
|
62,719
|
$
|
117,350
|
$
|
120,171
|
|||||||
|
Costs
and expenses (1):
|
|||||||||||||||||
|
Cost
of products sold
|
26,593
|
26,218
|
26,946
|
52,811
|
52,091
|
||||||||||||
|
Research
and development
|
20,752
|
22,008
|
20,440
|
42,760
|
40,791
|
||||||||||||
|
Selling,
general and administrative
|
14,785
|
14,566
|
14,594
|
29,351
|
28,283
|
||||||||||||
|
Amortization
of intangible assets (2)
|
2,665
|
2,667
|
2,670
|
5,332
|
5,483
|
||||||||||||
|
Restructuring
(3)
|
27
|
(130
|
)
|
97
|
(103
|
)
|
216
|
||||||||||
|
Total
costs and expenses
|
64,822
|
65,329
|
64,747
|
130,151
|
126,864
|
||||||||||||
|
Loss
from operations
|
(5,579
|
)
|
(7,222
|
)
|
(2,028
|
)
|
(12,801
|
)
|
(6,693
|
)
|
|||||||
|
Other
income, net (4)
|
4,299
|
3,008
|
4,350
|
7,307
|
8,397
|
||||||||||||
|
(Loss)
income before provision for income taxes
|
(1,280
|
)
|
(4,214
|
)
|
2,322
|
(5,494
|
)
|
1,704
|
|||||||||
|
Provision
for income taxes
|
181
|
169
|
256
|
350
|
445
|
||||||||||||
|
Net
(loss) income
|
$
|
(1,461
|
)
|
$
|
(4,383
|
)
|
$
|
2,066
|
$
|
(5,844
|
)
|
$
|
1,259
|
||||
|
Basic
net (loss) income per share
|
$
|
(0.01
|
)
|
$
|
(0.04
|
)
|
$
|
0.02
|
$
|
(0.05
|
)
|
$
|
0.01
|
||||
|
Diluted
net (loss) income per share
|
$
|
(0.01
|
)
|
$
|
(0.04
|
)
|
$
|
0.02
|
$
|
(0.05
|
)
|
$
|
0.01
|
||||
|
Shares
used in per share calculations:
|
|||||||||||||||||
|
Basic
|
114,827
|
114,688
|
114,165
|
114,758
|
113,960
|
||||||||||||
|
Diluted
(5)
|
114,827
|
114,688
|
125,343
|
114,758
|
114,287
|
||||||||||||
Notes:
(1)
As a result of the restructuring implemented in the fourth quarter of 2005,
the
Company realigned certain departments and job responsibilities in 2006.
Due to these changes, the Company reviewed its historical cost center
allocations and has reclassified these to reflect post-restructuring
operations. Amounts previously reported in the three and six months ended
July 1, 2006 have been reclassified to be consistent with the approach applied
for the other periods presented.
(2)
Intangible assets subject to amortization aggregate $10.3 million, net, at
June
30, 2007 and relate to the acquisition of Cerdelinx Technologies, Inc. on
August 26, 2002 and the acquisition of the FPGA business of Agere
Systems, Inc. on January 18, 2002. These intangible assets are
amortized to expense generally over three to seven years on a straight-line
basis.
(3)
Represents costs and adjustments incurred under the corporate restructuring
plan, which was implemented in the fourth quarter of 2005.
(4)
Includes a $1.6 million gain recorded during the three months ended June
30,
2007 as a result of the Company selling a parcel of undeveloped land near
its
corporate headquarters.
(5) For
the three months ended June 30, 2007 and March 31, 2007 and the six months
ended
June 30, 2007, the computation of diluted earnings per share excludes the
effects of stock options, restricted stock units, warrants and Convertible
Notes, as they are antidilutive. For the six months ended July
1, 2006, the computation of diluted earnings per share excludes Convertible
Notes, as they are antidillutive.
6
Reconciliation
of GAAP Net (Loss) Income to Non-GAAP Income (Loss)
(in
thousands)
|
Three months ended
|
Six
months ended
|
|||||||||||||||
|
June 30, 2007
|
March 31, 2007
|
July 1, 2006
|
June
30, 2007
|
July
1, 2006
|
||||||||||||
|
(unaudited)
|
(unaudited)
|
(unaudited)
|
(unaudited)
|
(unaudited)
|
||||||||||||
|
GAAP
net (loss) income
|
$
|
(1,461
|
)
|
$
|
(4,383
|
)
|
$
|
2,066
|
$
|
(5,844
|
)
|
$
|
1,259
|
|||
|
Reconciling
items:
|
||||||||||||||||
|
Amortization
of intangibles (1)
|
2,665
|
2,667
|
2,670
|
5,332
|
5,483
|
|||||||||||
|
Stock-based
compensation
|
1,325
|
1,389
|
638
|
2,714
|
1,345
|
|||||||||||
|
Restructuring
(2)
|
27
|
(130
|
)
|
97
|
(103
|
)
|
216
|
|||||||||
|
Non-GAAP
net income (loss)
|
$
|
2,556
|
$
|
(457
|
)
|
$
|
5,471
|
$
|
2,099
|
$
|
8,303
|
|||||
Reconciliation
of GAAP Net (Loss) Income per Share to Non-GAAP Net Income (Loss) per
Share
|
Three months ended
|
Six
months ended
|
||||||||||||||||
|
June 30, 2007
|
March 31, 2007
|
July 1, 2006
|
June
30, 2007
|
July
1, 2006
|
|||||||||||||
|
(unaudited)
|
(unaudited)
|
(unaudited)
|
(unaudited)
|
(unaudited)
|
|||||||||||||
|
Basic
and Diluted (4):
|
|||||||||||||||||
|
GAAP
net (loss) income
|
$
|
(0.01
|
)
|
$
|
(0.04
|
)
|
$
|
0.02
|
$
|
(0.05
|
)
|
$
|
0.01
|
||||
|
Reconciling
items:
|
|||||||||||||||||
|
Amortization
of intangibles (1)
|
0.02
|
0.02
|
0.02
|
0.05
|
0.05
|
||||||||||||
|
Stock-based
compensation
|
0.01
|
0.01
|
0.01
|
0.02
|
0.01
|
||||||||||||
|
Restructuring
(2)
|
0.00
|
(0.00
|
)
|
0.00
|
(0.00
|
)
|
0.00
|
||||||||||
|
Non-GAAP
net income (loss)
|
$
|
0.02
|
$
|
(0.00
|
)
|
$
|
0.05
|
$
|
0.02
|
$
|
0.07
|
||||||
|
Shares
used in per share
calculations:
|
|||||||||||||||||
|
Basic
|
114,827
|
114,688
|
114,165
|
114,758
|
113,960
|
||||||||||||
|
Diluted
(3)
|
122,611
|
114,688
|
125,343
|
123,290
|
124,763
|
||||||||||||
Notes:
(1) Relates
to intangible assets acquired through our acquisition of Cerdelinx Technologies,
Inc. on August 26, 2002 and the acquisition of the FPGA business of Agere
Systems, Inc. on January 18, 2002.
(2) Represents
costs incurred under the corporate restructuring plan, which was implemented
in
the fourth quarter of 2005. These costs primarily relate to separation packages,
costs to vacate space under long-term lease arrangements and adjustments
to
sublease income.
(3) For
the three months ended March 31, 2007, the computation of diluted earnings
excludes the effects of stock options, restricted stock units, warrants and
Convertible Notes, as they are antidilutive.
(4)
Per share amounts may differ due to rounding.
7
Lattice
Semiconductor Corporation
Consolidated
Balance Sheet
(in
thousands)
|
June 30,
|
December 30,
|
||||||||
|
Description
|
2007
|
2006
|
|||||||
|
(unaudited)
|
|||||||||
|
Assets
|
|||||||||
|
Current
assets:
|
|||||||||
|
Cash
and short-term investments
|
$
|
165,220
|
$
|
233,208
|
|||||
|
Accounts
receivable, net
|
29,661
|
22,545
|
|||||||
|
Inventories
|
38,207
|
38,816
|
|||||||
|
Other
current assets
|
34,553
|
35,474
|
|||||||
|
Total
current assets
|
267,641
|
330,043
|
|||||||
|
Property
and equipment, net
|
46,101
|
46,696
|
|||||||
|
Foundry
investments, advances and other assets
|
101,259
|
109,964
|
|||||||
|
Goodwill
and other intangible assets, net (1)
|
233,870
|
239,203
|
|||||||
|
$
|
648,871
|
$
|
725,906
|
||||||
|
Liabilities
and Stockholders’ Equity
|
|||||||||
|
Current
liabilities:
|
|||||||||
|
Accounts
payable and other accrued liabilities
|
$
|
37,741
|
$
|
82,843
|
|||||
|
Deferred
income and allowances on sales to distributors
|
7,290
|
6,230
|
|||||||
|
Other
current liabilities
|
—
|
20,480
|
|||||||
|
Total
current liabilities
|
45,031
|
109,553
|
|||||||
|
Zero
Coupon Convertible Notes due in 2010 (2)
|
80,000
|
89,120
|
|||||||
|
Other
long-term liabilities
|
5,814
|
15,488
|
|||||||
|
Total
liabilities
|
130,845
|
214,161
|
|||||||
|
Stockholders’
equity
|
518,026
|
511,745
|
|||||||
|
$
|
648,871
|
$
|
725,906
|
||||||
Notes:
(1)
At June 30, 2007, includes approximately $223.6 million in goodwill and
$10.3
million of other intangible assets, net, related to previous acquisitions.
The
other intangible assets will be amortized to expense generally over three
to
seven years. Goodwill is not amortized effective with the March 2002
quarter.
(2)
Effective July 1, 2007, the Convertible Notes will be classified as a current
liability as the holders of the Convertible Notes have a right to require
payment of the Convertible Notes on July 1, 2008.
8
Lattice
Semiconductor Corporation
–
Supplemental Historic Financial Information –
|
Operations Information
|
Q207
|
Q107
|
Q206
|
||||||||||
|
Percent
of Revenue (1):
|
|||||||||||||
|
Gross
Margin
|
55.1
|
%
|
54.9
|
%
|
57.0
|
%
|
|||||||
|
R&D
Expense
|
35.0
|
%
|
37.9
|
%
|
32.6
|
%
|
|||||||
|
SG&A
Expense
|
25.0
|
%
|
25.1
|
%
|
23.3
|
%
|
|||||||
|
Depreciation
Expense ($000)
|
3,396
|
3,383
|
3,028
|
||||||||||
|
Capital
Expenditures ($000)
|
2,914
|
3,915
|
5,461
|
||||||||||
|
Balance
Sheet Information
|
|||||||||||||
|
Current
Ratio
|
5.9
|
4.7
|
5.7
|
||||||||||
|
A/R
Days Revenue Outstanding
|
46
|
45
|
48
|
||||||||||
|
Inventory
Months
|
4.3
|
4.6
|
4.0
|
||||||||||
|
Revenue%
(by Product Family)
|
|||||||||||||
|
FPGA
|
23
|
%
|
20
|
%
|
21
|
%
|
|||||||
|
PLD
|
77
|
%
|
80
|
%
|
79
|
%
|
|||||||
|
Revenue%
(by Product Classification)
|
|||||||||||||
|
New
|
11
|
%
|
8
|
%
|
5
|
%
|
|||||||
|
Mainstream
|
50
|
%
|
48
|
%
|
46
|
%
|
|||||||
|
Mature
|
39
|
%
|
44
|
%
|
49
|
%
|
|||||||
|
Revenue%
(by Geography)
|
|||||||||||||
|
Americas
|
24
|
%
|
23
|
%
|
30
|
%
|
|||||||
|
Europe
(incl. Africa)
|
18
|
%
|
22
|
%
|
24
|
%
|
|||||||
|
Asia
|
58
|
%
|
55
|
%
|
46
|
%
|
|||||||
|
Revenue%
(by End Market)
|
|||||||||||||
|
Communications
|
52
|
%
|
45
|
%
|
51
|
%
|
|||||||
|
Industrial
& Other
|
24
|
%
|
32
|
%
|
23
|
%
|
|||||||
|
Consumer
& Automotive
|
13
|
%
|
12
|
%
|
9
|
%
|
|||||||
|
Computing
|
11
|
%
|
11
|
%
|
17
|
%
|
|||||||
|
Revenue%
(by Channel)
|
|||||||||||||
|
Direct
|
64
|
%
|
62
|
%
|
58
|
%
|
|||||||
|
Distribution
|
36
|
%
|
38
|
%
|
42
|
%
|
|||||||
|
New:
|
LatticeSC,
LatticeECP2/M, LatticeECP, LatticeXP, MachXO, Power Manager,
ispClock
|
|
|
Mainstream:
|
FPSC,
XPLD, ispGDX2, ispMACH 4/LV, ispGDX/V, ispMACH 4000/Z, XPGA, Software
and
IP
|
|
|
Mature:
|
ORCA
2, ORCA 3, ORCA 4, ispPAC, ispLSI 8000V, ispMACH 5000B, ispMACH 2LV,
ispMACH 5LV, ispLSI 2000V, ispLSI 5000V, ispMACH 5000VG, all 5-Volt
CPLDs,
all SPLDs
|
Note:
(1)
Q206 amounts have been reclassified to be consistent with the current
period.
9