We reported second quarter revenues of $163 million, a 22% decrease from $209.1 million in the second quarter of 2011, and a 4.5% increase from $156 million in the first quarter of 2012. We also reduced our inventory and our long-term debt during the quarter, positioning the company for profitable growth in the coming quarters, Jonathan will provide more financial details in his remarks.Regardless of the economic cycles, our Board of Directors is committed to sustaining shareholder returns, and has authorized a quarterly dividend at $0.12 per share common stock. At today’s closing price, that translates to a yield of approximately 5%.
Intersil's CEO Discusses Q2 2012 Results - Earnings Call Transcript
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