) has recently launched an array of products such as differential
clock and data, switches and protection devices that will support
Peripheral Component Interconnect Express (PCIe) applications in
communications gear including routers, servers, networking
equipment and ATE.
PCIe is a computer expansion card standard used in consumer,
server and industrial applications. It was developed through a
) in 2004.
The supporting devices being introduced by On Semi include
low-noise clocks that operate at low power; thus also minimizing
heat dissipation. Supported by new transient voltage suppressors,
devices would also be protected from electrostatic discharge (ESD),
thus preventing loss of data.
PCIe is gaining importance due to its scalability and
flexibility features and it is being rapidly adopted by
communications systems. OnSemi may be successful in attracting new
customers in this segment going forward.
ON Semi reported revenues of $744.8 million in the second
quarter of fiscal 2012, flat sequentially, but down 17.8% year over
year. Reported revenues were in the middle of management's guidance
range of $720.0-760.0 million, or down 1-6% sequentially.
On a pro forma basis, the company reported a net income of $51.1
million, or a 6.9% net income margin compared with $52.4 million,
or 6.8% in the previous quarter and $113.2 million or 13.0% in the
first quarter of 2012.
Currently, On Semiconductor has a Zacks #3 Rank, implying a Hold
rating in the short-term (1-3 months).
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