The following went up on Investopedia this morning.
Enjoy!
http://stocks.investopedia.com/stock-analysis/2010/Silicon-Labs---Quality-Doesnt-Come-Cheap-SLAB-CSCO-AAPL-ADI-BRCM0430.aspx
The semiconductor business is not for the faint of heart. Lucky for Silicon Labs (Nasdaq: SLAB) shareholders, then, that they have a rather bold and skilled management team. Remember, this is a company that decided about three years ago to sell a profitable wireless business that was about one-third of the company's revenue because management foresaw increasing competition and decreasing profitability. Since that gutsy move, the company has almost completely replaced that revenue despite the recession.
A Very Strong Quarter In The BooksSilicon Labs reported earnings April 28 that should leave its shareholders satisfied. Revenue rose 51%, while gross margins jumped almost 6%. With significantly higher gross profits, the company was better able to leverage its overhead more effectively even while reporting higher R&D and SG&A expenses. Operating income, then, was significantly higher than in the year-ago period, and the company handily beat estimates.
The rest at: http://stocks.investopedia.com/stock-analysis/2010/Silicon-Labs---Quality-Doesnt-Come-Cheap-SLAB-CSCO-AAPL-ADI-BRCM0430.aspx
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