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Earnings Roundup: Dallas Semi, Microchip top estimates

Dallas Semiconductor Corp. (NYSE: DS) became the latest chipmaker to report better-than-expected sales and earnings in its fourth quarter Thursday, earning $19.5 million, or 62 cents a share, on sales of $108.2 million.

First Call consensus expected it to earn 60 cents a share in the quarter.

Dallas Semiconductor shares closed up 1 11/16 to 63 15/16 ahead of the earnings report.

The $108.2 million in sales marks a 27 percent improvement compared to the year-ago quarter when it raked in $14.5 million, or 48 cents a share, on sales of $85 million.

For the year, Dallas Semiconductor earned $68.3 million, or $2.21 a share, on sales of $392.4 million, up 15 percent from fiscal 1998 when it earned $55.4 million, or $1.85 a share, on sales of $342.6 million.

"We are pleased to report record results for both the fourth quarter and year 1999," said CEO Vin Prothro in a prepared release. "It is gratifying that 15 years out of the Company's 16-year history have produced record sales."

Its shares moved up to a 52-week high of 64 15/16 in December after bottoming out at 33 1/16 in March.

Analysts are expecting it to earn $2.62 a share in fiscal 2000.

Among other technology companies reporting earnings Thursday:

  • Microchip Technology Inc. (Nasdaq: MCHP) also plowed past analysts' estimates in its third quarter, raking in $28.2 million, or 52 cents a share, on sales of $129.2 million.

    First Call consensus expected the chipmaker to earn 47 cents a share in the quarter.

    Its shares closed up 3 15/16 to 71 1/4 ahead of the earnings report.

    "Microchip's business fundamentals continued to be excellent in the December quarter," said CEO Steve Sanghi in a prepared release. "In addition to generating record sales and earnings dollars, the company achieved new records for gross margin performance, operating expense efficiency and operating profit percentage."

    The $129.2 million in sales represents a 29 percent improvement compared to the year-ago quarter when it made $17.8 million, or 34 cents a share, on sales of $100 million.

  • Gadzoox Networks Inc. (Nasdaq: ZOOX) met analysts' estimates in its third quarter Thursday, losing $1.8 million, or 7 cents a share, on sales of $12.6 million.

    First Call consensus pegged it for a loss of 7 cents a share in the quarter.

    The $12.6 million in sales represents a 110 percent improvement compared to the year-ago quarter when it lost $4.6 million, or 24 cents a share, on sales of $6 million.

    Its shares closed up 4 1/16 to 49 13/16 ahead of the earnings report.

  • Com21 Inc. (Nasdaq: CMTO) posted a smaller-than-expected loss in its fourth-quarter results, losing $4 million, or 19 cents a share, on sales of $29.7 million.

    First Call consensus expected it to lose 23 cents a share.

    Com21 shares closed up 1/4 to 24 7/8 ahead of the earnings report.

    The $29.7 million in sales marks a 59 percent improvement compared to the year-ago quarter when it lost $2.4 million, or 13 cents a share, on sales of $18.7 million.

  • MIPS Technologies Inc. (Nasdaq: MIPS) hurdled analysts' estimates in its second quarter Thursday, pocketing $6.6 million, or 17 cents a share, on sales of $21.5 million.

    First Call consensus expected it to earn 15 cents a share in the quarter.

    The $21.5 million represents a 43 percent gain from the year-ago quarter when it earned $4.1 million, or 11 cents a share, on sales of $15 million.

    Its shares closed up 2 1/8 to 51 1/4 ahead of the earnings report.

  • Calico Commerce Inc. (Nasdaq: CLIC) topped analysts' estimates in its third quarter, posting a pro forma loss of $5.6 million, or 16 cents a share, on sales of $8.7 million.

    First Call consensus was expecting a loss of 18 cents a share.

    Calico shares closed up 12 11/16 to 56 15/16 ahead of the earnings report.

    In the year-ago quarter, it lost $3.7 million, or 55 cents a share, on sales of $5.7 million.

    Its shares peaked at 75 3/4 in November.>