This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Intersil's CEO Discusses Q1 2012 Results - Earnings Call Transcript

During the quarter, we modified the composition of our reported end markets to better reflect the different characteristics of the market we serve. The industrial and communications markets have been combined and together with our computing server business now form the industrial and infrastructure end market. The new I&I end market category includes applications such as base stations, network switchers and routers, network attached storage and servers. It continues to include traditional industrial categories such as automotive, security surveillance, military, medical and factory automation. The average margin profile for the industrial and infrastructure market is above our corporate average, with product lines such as radiation-hardened and military delivering gross margins about 80%.

The former computing end market has been renamed personal computing and is now comprised of notebook computers, ultrabooks, desktop PCs and PC peripherals. With servers moving to the I&I market, this segment now accurately represents Intersil’s participation in the highly competitive PC market and as expected, it delivers gross margins below our corporate average.

The consumer market will remain the same as before and includes smartphones, tablets, displays and gaming. Gross margins in the consumer market are at or slightly below our corporate average.

In just a few minutes I'll go over the percentage of sales in each end market as well as an apples-to-apples comparison with the fourth quarter of 2011. We've included historical detail of our revenue since 2007, allocated to the adjusted end markets, which is available in the press release on page nine and in the Investor Relation section of our website. ir.intersil.com.

We are passionate about building a great company where our employees are inspired to create innovative products that will deliver shareholder value. Our Board of Directors is also committed to sustaining shareholder returns and is authorized a quarterly dividend of $0.12 per share of common stop.

3 of 4

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,086.63 -26.91 -0.16%
S&P 500 1,987.01 +3.48 0.18%
NASDAQ 4,473.6970 +17.6810 0.40%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs