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might be time to look at this again
Actions Semiconductor Reports Fourth Quarter and Full Year 2007 Results
Monday January 28, 4:15 pm ET
ZHUHAI, China, Jan. 28 /Xinhua-PRNewswire/ -- Actions Semiconductor Co., Ltd. (Nasdaq: ACTS - News), one of China's leading fabless semiconductor companies that provides comprehensive mixed-signal system-on-a-chip (SoC) and multimedia digital signal processing (DSP) solutions for portable consumer electronics, today reported financial results for the fourth quarter and year ended December 31, 2007.
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All financial results are reported on a U.S. GAAP basis.
Revenue for the fourth quarter of 2007 was $32.3 million, a 20% increase over revenue of $27.0 million for the third quarter of 2007, and a 35% decrease from revenue of $49.5 million for the fourth quarter of 2006. Revenue for the year ended December 31, 2007 was $116.6 million, a 32% decrease from revenue of $170.2 million for the year ended December 31, 2006.
Net income for the fourth quarter of 2007 was $19.4 million, or $0.23 per ADS, compared to $10.3 million, or $0.12 per ADS for the third quarter of 2007, and compared to $21.3 million, or $0.25 per ADS for the fourth quarter of 2006. Included in net income for the fourth quarter of 2007 was a $5.9 million tax refund, or $0.07 per ADS, resulting from a tax refund relating to a program Zhuhai Municipal Tax Bureau formed to encourage local business development of Foreign Invested Enterprises. Net income for the full year of 2007 was $52.2 million, compared to $74.6 million reported for the full year 2006. Net income per ADS was $0.61 for 2007, compared to the $0.87 per ADS reported for the full year 2006.
Actions Semiconductor reported operating margin of 32.9% and gross margin of 52.9% for the fourth quarter of 2007. For the full year of 2007, operating margin was 30.3%, and gross margin was 51.2%. The Company ended the year with $241.8 million in cash and cash equivalents together with time deposits, restricted cash and short-term marketable securities.
"We were pleased to finish 2007 with solid results for the fourth quarter," commented Nan-Horng Yeh, Chief Executive Officer of Actions Semiconductor. "Excluding the tax refund, both revenue and net income were in line with our expectations for the fourth quarter. Additionally, both operating and gross margins improved sequentially as a result of our cost migration and expense management programs. "
"During 2007 we laid the foundation for the next phase of the company's development. We focused on improving our business fundamentals by maintaining our solid financial position, strengthening our engineering team, expanding our product offering, and targeting new markets internationally. With a complete product mix and an enhanced team in place, we believe we are better positioned to continue our long-term growth strategy," concluded Mr. Yeh.
Business Outlook
The following statements are based upon management's current expectations. These statements are forward-looking, and actual results may differ materially. The company undertakes no obligation to update these statements.
For the quarter ended March 31, 2008, Actions Semiconductor estimates revenue in the range of $20 to $23 million, and, fully diluted earnings per ADS of $0.06 to $0.08.
thanks bo jangles u mind if i repost it on the the board?
Pacific Ethanol Selected by US Department of Energy to Research Commercial Cellulose Technology
http://finance.yahoo.com/q?s=peix
Rocco PEIX IMO one of the best stocks to Own for 2008
buy and hold and cash in, beaten down by market crash but stock has 20-40 +potential going forward.
By the lack of activity on this board thats what im guessing, but im still here learning and earning. Still picking winners for those of us who remain.
rocco i think alot of people got shaken out of the market in recent Crash.
no problem rocco im loving it too
Grants Given for Cellulosic Ethanol
Tuesday January 29, 6:39 pm ET
Government Awards $114 Million to 4 Companies for Cellulosic Ethanol Projects
WASHINGTON (AP) --
http://biz.yahoo.com/ap/080129/ethanol_grants.html?.v=1
Pacific Ethanol Among Four Companies Selected by US Department of Energy to Research Commercial Cellulose Technology
Tuesday January 29, 4:42 pm ET
Leads Consortium to Build First Cellulose Pilot Plant in the Pacific Northwest
1 word HUGE, i still got to load more wish i finished loading before this, i was nibling when i should of been backing up the truck.
http://biz.yahoo.com/prnews/080129/nytu149.html?.v=101
PEIX to build the first cellulosic ethanol demonstration plant in the Northwest United States.
http://biz.yahoo.com/prnews/080129/nytu149.html?.v=101
News Ah huge 10-20 real soon Frenchee then more in time
Frenchee wake Up 40+ potential in 08
TRXi look at it 2+ this week maybe
added
pushing that top band 4.37, lots of upside
gotcha
mister BOJANGLES mister BOJANGLES DANCE !!!!!!!! $$$$$$
well 3-3.19
thus far
AAPL bob
i personally think there are better plays with more bang too them. With that said, good support is at 118 and next resistance around 137. I would watch todays close if doji or white candle along with indicators would suggest a reversal is about to begin.
not bad rogers up .46
very true, been doing this for some time consistently getting 100-1000% returns. From swing to even longer holds, look at My recent 500%++ stock coin.
Though i rely more on technicals for my trading, fundamentals for my longterm investments
be good
Frenchee> You know me and my preformance, i did some digging and like what i find, expect 20+ within a few mos. I m gonna build a position, and start loading. I got feet wet a little now, but need more.
FWIW
wow gold 929 i sold some 850 still riding 2/3rds
rocco yes watching it, dipped feet in a little
no using chart and good fundamental analysis
=]
well green close ill take it
markets green thats always nice with fed meeting coming
hmmm looks tasty here for a long
cpsl
well
rmg new ipo down today, risk metrics on watch also china aluminum on watch for bottom
yes wman holding its own
watching siri here
frenchee, its the markets, expect this to cause one hell of a short trap, peix imo is great for the short term trader to the long term investors at these levels.
good weekend
have a good weekend, looking for stocks that held there own on this down day. market started great then fizzled, sometimes fridays are the days to bargain shop.
msft news were good this could be a retest or a short trap will see what unfolds next week
added peix on dip should be great next weeks
good to see u crazy maybe your return will send the market green
will see if sentiment has changed should see a recovery
boom shakka lakka new high of day
come on 5,77 say bye bye
im betting peix makes new highs here any minute,
if that happens could see over 6 today