19 Dec '12, 1am

This Site The Web - Semiconductor Today

Consolidated gross margin was 9.7%, down from 10.7% last quarter and 19.2% the prior year. On a segment basis, Photovoltaics’ gross margin was 22.2%, up from 13% the preceding quarter and 21% the prior year. Fiber Optics’ gross margin was just 2.4%, down from 9.3% the preceding quarter and 18% the prior year, primarily due to higher excess and obsolete charges, work order variances for new product lines, and yield and other variances associated with manufacturing transfer from California to China and Thailand. Excluding these items, Fiber Optics gross margin would have been over 20%. “We expect our gross margins in the Fiber Optics segment to improve in future quarters as we complete the ramp-up of our product lines at our overseas locations,” commented chief financial officer Mark Weinswig.

Full article: http://www.semiconductor-today.com/news_items/2012/DEC/EM...

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