"Announced
estimated net revenue based on preliminary unaudited financial results for
the third fiscal quarter, of approximately $122 million. Previously, the
company anticipated revenue to be between $102 million and $108 million.."
"Cirrus Logic has more than 1,000 patents that are key to
more
than 700 products serving more than 2,500 end customers globally."
Overview
Cirrus Logic (CRUS)
is a premier supplier of high-precision analog and digital signal processing
components for audio and energy markets.
Founded in 1984, Cirrus Logic excels at
developing complex chip designs where feature integration and innovation is
a premium. Cirrus Logic has more than 1,000 patents that are key to our more
than 700 products serving more than 2,500 end customers globally, through
both direct and distributor-based channel sales.
The company’s headquarters are in Austin, Texas, with
offices in Tucson, Arizona, as well as international locations in Europe,
China and Japan.
CRUS
Investor Highlights
Announced
estimated net revenue based on preliminary unaudited financial results
for the third fiscal quarter, of approximately $122 million. Previously,
the company anticipated revenue to be between $102 million and $108
million.
Announced revenue
of $101.6 million for the 2nd quarter.
Ranked as
one of 2011’s top 50 Best Small and Medium Work Places in America.
Has $139 million cash
on hand and no debt. P/E under 7 and EPS of
$2.49.
Jason
Rhode, Ph.D. - President and Chief Executive Officer
Jason Rhode, Ph.D., was named president
and chief executive officer in May 2007. Previously, Dr. Rhode served
as vice president and general manager of Cirrus Logic's Mixed Signal
Audio Division, where he oversaw the revitalization of Cirrus Logic's
strong portfolio of analog and mixed-signal converter ICs for consumer
and professional audio markets. Previously, Rhode served as director
of marketing for analog and mixed signal products.
Rhode joined Cirrus Logic upon
completion of his doctorate degree in 1995 from North Carolina State
University, serving as an analog design engineer. Rhode assumed roles
as design manager in 1998 and became director of Marketing in 2002.
A member of IEEE, Jason has been issued
19 U.S. patents in the area of mixed signal technologies.
Rhode holds a bachelor of science in
electrical engineering from San Diego State University, as well as a
masters of science in electrical engineering and a doctorate from
North Carolina State University.
Thurman
K. Case - Chief Financial Officer
Thurman K. Case, vice president of
Finance and treasurer, was appointed chief financial officer in
February 2007.
Mr. Case joined Cirrus Logic in 2000
and has served in a variety of executive financial management
positions. He has more than 23 years of experience in finance at
several companies and organizations, including Case Associates Inc.,
where he provided consultant services to several companies, including
Advanced Micro Devices Inc. Mr. Case was also previously employed by
ValueRx/Diagnostek Inc., and Public Service of New Mexico Electric Gas
Company.
Mr. Case received a bachelor of
economics degree and a masters of business administration from New
Mexico State University.
Scott
Thomas - Vice President, General Counsel and Corporate Secretary
Scott Thomas came to Cirrus Logic as vice
president and associate general counsel in January 2001. He assumed the role
of general counsel and corporate secretary in December 2003. Currently, Mr.
Thomas manages Cirrus Logic's legal department and advises the company on a
wide range of legal and business issues, including intellectual property
matters.
Mr. Thomas combines a decade of legal
experience with an understanding of the engineering world derived from his
four years as an engineer at Texas Instruments and AT&T Bell
Laboratories. Mr. Thomas also has a strong background in intellectual
property law and litigation. In the mid- to late 1990s, he served as an
intellectual property attorney at Arnold, White & Durkee, specializing
in complex technology-related litigation for corporate clients such as 3M,
Adtran and Ericsson. In 2000, Mr. Thomas went to Thompson & Knight in
Austin, Texas, to help establish the company's new intellectual property
section. During that time, he began consulting with Cirrus Logic.
Mr. Thomas has a J.D. degree from The
University of Texas School of Law, a master's degree in electrical
engineering from Rice University and a bachelor of science degree in
electrical engineering from Virginia Tech.
2901 Via Fortuna
Austin, TX 78746
Phone: 512-851-4000
SmallCapReview.com
feature stock reports are intended to be stock ideas, not recommendations.
Please do your own research before investing. It is crucial that you at
least look at current SEC filings and read the latest press releases. Information contained in this report was extracted from current documents
filed with the SEC, the company website and other publicly available
sources deemed reliable. For more information see our disclaimer section, a
link of which can be found on our website. This document contains
forward-looking statements, particularly as related to the business plans of
the Company, within the meaning of Section 27A of the Securities Act of 1933
and Sections 21E of the Securities Exchange Act of 1934, and is subject to
the safe harbor created by these sections. Actual results may differ
materially from the Company's expectations and estimates. The information
provided in this report is not intended for distribution to, or use by, any
person or entity in any jurisdiction or country where such distribution or
use would be contrary to law or regulation or which would subject us to any
registration requirement within such jurisdiction or country.
Copyright
SmallCapReview. All rights reserved. SCR is not a
Registered Broker/Dealer or Financial Advisor. All materials presented on our website and individual reports
released to the public through this website, e-mail or any other means of
transmission are not to be regarded as investment advice and are only
for informative purposes. Before making a purchase or sale of any securities featured
on our web site or mentioned in our reports, we strongly encourage and
recommend consultation with a registered securities representative. This
is not to be construed as a solicitation or recommendation to buy or sell
securities. As
with any stock, companies we select to profile involve a
degree of investment risk and volatility, particularly small-caps. All investors are cautioned that they may lose all or a portion of
their investment if they decide to make a purchase in any of our profiled
companies. Past performance of our profiled stocks is not indicative of
future results. The profile and opinions expressed herein are expressed
as of the date the profile is posted on site and are subject to change
without notice. No investor should assume that reliance on the views,
opinions or recommendations contained herein will produce profitable results.
SmallCapReview may hold positions in securities mentioned herein, and may
make purchases or sales in such securities featured on our website or within
our reports
In order to
be in full compliance with the Securities Act of 1933, Section 17(b), SCR will disclose in it's disclaimer, what, if any
compensation was received for our efforts in researching, presenting
and disseminating this information to our subscriber database and featuring
the report on the SmallCapReview website. SmallCapReview has
not been compensated for its efforts with regards to Cirrus Logic.
We
encourage our readers to invest carefully and read the investor information
available at the web sites of the Securities and Exchange Commission (SEC)
at: http://www.sec.gov
and/or the National Association of Securities Dealers (NASD) at: http://www.nasd.com. Readers can review all public filings by companies at the SEC's EDGAR
page. The NASD has published information on how to invest carefully at its
website.