Avago Technologies (Nasdaq: AVGO), a leading supplier of analog interface components for communications, industrial and consumer applications, today announced that it has been named the “Best Financially Managed Semiconductor Company” for 2011 by the Global Semiconductor Alliance (GSA). Avago was presented with the award December 8 at the GSA Awards Dinner Celebration, which recognizes semiconductor companies that have demonstrated excellence through their success, vision, strategy and future opportunities in the industry.
Determining the top company, the GSA and selected financial analysts reviewed the overall performance and financial health of the industry's semiconductor companies. Avago was named the best financially managed semiconductor company among its peers based on a number of financial metrics, such as growth rates, margins, cash flow, profitability ratios, efficiency ratios and return on capital.
“Being recognized by the GSA as the industry's best financially managed company is outstanding validation of our business model and our execution," said Doug Bettinger, Avago's SVP of Finance and CFO. “This award serves as a tribute to Avago’s exceptional technologies and to the tremendous work ethic of our employees.”
About GSAThe Global Semiconductor Alliance (GSA) mission is to accelerate the growth and increase the return on invested capital of the global semiconductor industry by fostering a more effective fabless ecosystem through collaboration, integration and innovation. It addresses the challenges within the supply chain including IP, EDA/design, wafer manufacturing, test and packaging to enable industry-wide solutions. Providing a platform for meaningful global collaboration, the Alliance identifies and articulates market opportunities, encourages and supports entrepreneurship, and provides members with comprehensive and unique market intelligence. Members include companies throughout the supply chain representing 25 countries across the globe. For further information on the GSA, visit www.gsaglobal.org. About Avago Technologies Avago Technologies is a leading supplier of analog interface components for communications, industrial and consumer applications. By leveraging its core competencies in III-V compound and silicon semiconductor design and processing, the company provides an extensive range of analog, mixed signal and optoelectronics components and subsystems to approximately 40,000 end customers. Backed by strong customer service support, the company's products serve four diverse end markets: wireless communications, wired infrastructure, industrial and automotive electronics, and consumer and computing peripherals. Avago has a global employee presence and heritage of technical innovation dating back nearly 50 years to its Hewlett-Packard roots. Information about Avago is available on the Web at www.avagotech.com. Follow Avago on Twitter at http://twitter.com/Avagotech and on Facebook at www.facebook.com/Avagotech. Avago, Avago Technologies, and the A logo are trademarks of Avago Technologies. All other trademarks are the property of their respective owners.