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THS7CHG
www2.tek.com | Oct 3, 2008
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Tektronix Provides First Published Test Procedure for SATA Revision 3.0 Physical Layer Tests
www.Embedded-Computing.com | Sep 29, 2008
Procedure Guide and Test Suite Provides Support for 6 Gb/s Technology at SATA-IO Plugfest
Middle East Test and Measurement Festival
www.fluke.eu | Sep 26, 2008
Fluke and Tektronix are hosting a series of Test & Measurement events in the Middle East to keep you up-to-date on the latest developments in market-leading Test and Measurement instruments and techniques.
Fairchild Semiconductor Introduces a Voltage Translator for I2C Applications - Electronics Design,
www.ednasia.com | Sep 14, 2008
Ednasia.com is the leading Web site for design engineers in the electronics industry. It carries top stories of the day including technological breakthroughs, and product news on a daily basis. Reaching out to design engineers throughout Asia and the rest of the world, ednasia.com is the essential
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Tektronix Realizes Recruiting Success and Supports Business Growth with Oracle HRMS (EBS)
www.insight24.com
Growing a business globally and acquiring a highly skilled workforce is not easy. Kathy Galaway from Tektronix shares how automated recruiting helped expand the company's talent pool and deliver better service to both applicants and hiring managers.
LitePoint Corporation - Home
LitePoint is a world leader in wireless test solutions. Collaborating with all major wireless chip companies, LitePoint offers the fastest time to production, the lowest cost of test, and the best test coverage available today for the world’s largest OEMs & ODMs and Brand Owners.
Ironwood Electronics On-Line Catalog
www.ironwoodelectronics.com
Note: 13% discount on orders of more than 10. For high volume orders, you may request a quote by selecting the button below.
Tektronix's WFM7120 for single link SDI
broadcastengineering.com
Tektronix demos its WFM7120 with 3Gb/s monitoring and measurement for single link SDI.
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Gennum 3Gb/s SDI Solutions Enable Sophisticated Test and Validation Equipment From Tektronix -
BURLINGTON, ONTARIO, Sep 22, 2008 (MARKET WIRE via COMTEX) --
Continuing to pioneer new developments in 3 gigabits per second (Gb/s) SDI technology, Gennum Corporation (TSX: GND) today announced that Tektronix, Inc., a leading supplier of test, measurement, and monitoring instrumentation, have implemented Gennum's 3Gb/s equalizer solutions in its award-winning WFM7120 waveform monitor. The advanced monitoring equipment provides customers in the equipment design, manufacturing and broadcast industries with 3Gb/s SDI test and analysis capabilities helping ensure compliance to the standard and propelling the 3Gb/s market forward.
"Gennum has been working with Tektronix to advance 3Gb/s development-both as a customer and as a supplier-for nearly 10 years," said Vijay Sharma, Director of Marketing, A/V Connectivity, at Gennum. "Tektronix's WFM7120 includes our 3Gb/s equalizer to provide a robust 3Gb/s interface. Also, as a customer, we have used the WFM7120 to characterize and validate our own 3Gb/s transmit and receive solutions, underscoring the confidence we have in Tektronix's test solutions."
At the National Association of Broadcasters conference in April, Tektronix announced the addition of 3Gb/s Single Link Serial-Digital-Interface (SDI) support to the WFM7120 waveform monitor. The capability was added via two options, including a monitoring option (3G) and a jitter measurement option (JIT). With the addition of 3Gb/s SDI support for monitoring 1080p 50/59.94/60 levels A and B, HD-SDI and SD-SDI, the WFM7120 provides the most precise, highly reliable and broadest range of tools for every critical monitoring point in the digital video ecosystem.
"With a rich history in SDI development, Gennum continues to provide a leading solution for 3Gb/s product development," said Eben Jenkins, Director, Video Test, at Tektronix. "With production-ready 3Gb/s equalizer solutions from Gennum, we are able to extend our award-winning WFM7120 monitor to support 3Gb/s SDI designs. As the industry continues to embrace HD beyond North America, the demand for equipment that can support content generation and display of uncompressed 1080p 50/60 video signals is increasing, and our 3Gb/s WFM7120 can now provide the required test and validation to meet that demand."
Gennum Leverages Leadership in SDI to Deliver Advanced 3Gb/s Solutions
Gennum is providing Tektronix with equalizer solutions that are capable of supporting 3Gb/s. The GS2974A is a high-speed equalizer designed to equalize and restore signals received over 75 ohm co-axial cable. Since all parts are 100 percent production tested for key specifications like output jitter across cable length, parametric performance is not only guaranteed by design, but also ensured through full-functional at-speed testing.
About Gennum's 3Gb/s Portfolio
Gennum is a pioneer in 3Gb/s products, having introduced the industry's first single-chip, transmit and receive solutions for 3Gb/s SDI. With its 3Gb/s transmitters, receivers, reclockers, equalizers and cable driver offerings, Gennum is enabling the world's leading broadcast studios and equipment manufacturers to move to higher rates of high definition content at higher bit depths (12-bit per component) and to provide support for both YCbCr and R'G'B' color sampling.
About Gennum Gennum Corporation (TSX: GND) designs innovative semiconductor solutions and intellectual property (IP) cores for the world's most advanced consumer connectivity, enterprise, video broadcast and data communications products. Leveraging the company's proven optical, analog and mixed-signal products and IP, Gennum enables multimedia and data communications products to send and receive information without compromising the signal integrity. A recognized award-winner for advances in high definition (HD) broadcasting, Gennum is headquartered in Burlington, Canada, and has global design, research and development and sales offices in Canada, Germany, India, Japan, Korea, Mexico, Taiwan, the United States and the United Kingdom.
Gennum and the Gennum logo are trademarks of Gennum Corporation. All other product or service names are the property of their respective owners. Gennum Corporation, 2008
Contacts: Gennum Corporation Robin Vaitonis (905) 632-2999 x2110 Email: vaitonis@gennum.com Orr & Company Diane Orr (408) 358-1617 Email: diane@orr-co.com
SOURCE: Gennum Corporation
mailto:vaitonis@gennum.com mailto:diane@orr-co.com
Tags: broadcasting canada conference consumer email germany india japan korea manufacturing market marketing mexico multimedia north america optical product development products property rates research and development sales semiconductors taiwan technology video
Companies: Gennum Corporation (GND), Gennum Corporation (GNUMF), Tektronix, Inc. (TEK)
Gennum 3Gb/s SDI Solutions Enable Sophisticated Test and Validation Equipment From Tektronix -
BURLINGTON, ONTARIO, Sep 22, 2008 (Marketwire via COMTEX) --
Continuing to pioneer new developments in 3 gigabits per second (Gb/s) SDI technology, Gennum Corporation (TSX:GND) today announced that Tektronix, Inc., a leading supplier of test, measurement, and monitoring instrumentation, have implemented Gennum's 3Gb/s equalizer solutions in its award-winning WFM7120 waveform monitor. The advanced monitoring equipment provides customers in the equipment design, manufacturing and broadcast industries with 3Gb/s SDI test and analysis capabilities helping ensure compliance to the standard and propelling the 3Gb/s market forward.
"Gennum has been working with Tektronix to advance 3Gb/s development-both as a customer and as a supplier-for nearly 10 years," said Vijay Sharma, Director of Marketing, A/V Connectivity, at Gennum. "Tektronix's WFM7120 includes our 3Gb/s equalizer to provide a robust 3Gb/s interface. Also, as a customer, we have used the WFM7120 to characterize and validate our own 3Gb/s transmit and receive solutions, underscoring the confidence we have in Tektronix's test solutions."
At the National Association of Broadcasters conference in April, Tektronix announced the addition of 3Gb/s Single Link Serial-Digital-Interface (SDI) support to the WFM7120 waveform monitor. The capability was added via two options, including a monitoring option (3G) and a jitter measurement option (JIT). With the addition of 3Gb/s SDI support for monitoring 1080p 50/59.94/60 levels A and B, HD-SDI and SD-SDI, the WFM7120 provides the most precise, highly reliable and broadest range of tools for every critical monitoring point in the digital video ecosystem.
"With a rich history in SDI development, Gennum continues to provide a leading solution for 3Gb/s product development," said Eben Jenkins, Director, Video Test, at Tektronix. "With production-ready 3Gb/s equalizer solutions from Gennum, we are able to extend our award-winning WFM7120 monitor to support 3Gb/s SDI designs. As the industry continues to embrace HD beyond North America, the demand for equipment that can support content generation and display of uncompressed 1080p 50/60 video signals is increasing, and our 3Gb/s WFM7120 can now provide the required test and validation to meet that demand."
Gennum Leverages Leadership in SDI to Deliver Advanced 3Gb/s Solutions
Gennum is providing Tektronix with equalizer solutions that are capable of supporting 3Gb/s. The GS2974A is a high-speed equalizer designed to equalize and restore signals received over 75 ohm co-axial cable. Since all parts are 100 percent production tested for key specifications like output jitter across cable length, parametric performance is not only guaranteed by design, but also ensured through full-functional at-speed testing.
About Gennum's 3Gb/s Portfolio
Gennum is a pioneer in 3Gb/s products, having introduced the industry's first single-chip, transmit and receive solutions for 3Gb/s SDI. With its 3Gb/s transmitters, receivers, reclockers, equalizers and cable driver offerings, Gennum is enabling the world's leading broadcast studios and equipment manufacturers to move to higher rates of high definition content at higher bit depths (12-bit per component) and to provide support for both YCbCr and R'G'B' color sampling.
About Gennum Gennum Corporation (TSX:GND) designs innovative semiconductor solutions and intellectual property (IP) cores for the world's most advanced consumer connectivity, enterprise, video broadcast and data communications products. Leveraging the company's proven optical, analog and mixed-signal products and IP, Gennum enables multimedia and data communications products to send and receive information without compromising the signal integrity. A recognized award-winner for advances in high definition (HD) broadcasting, Gennum is headquartered in Burlington, Canada, and has global design, research and development and sales offices in Canada, Germany, India, Japan, Korea, Mexico, Taiwan, the United States and the United Kingdom.
Gennum and the Gennum logo are trademarks of Gennum Corporation. All other product or service names are the property of their respective owners. Gennum Corporation, 2008
SOURCE: Gennum Corporation
Gennum Corporation Robin Vaitonis (905) 632-2999 x2110 Email: vaitonis@gennum.com Orr & Company Diane Orr (408) 358-1617 Email: diane@orr-co.com
Tags: broadcasting canada conference consumer germany india japan korea manufacturing market marketing mexico multimedia north america optical product development products property rates research and development sales semiconductors taiwan technology video
Companies: Gennum Corporation (GND), Gennum Corporation (GNUMF), Tektronix, Inc. (TEK)
Examine the World Electronic Testing & Measurement Instruments Market - Zibb.com
LONDON, UNITED KINGDOM, Sep 02, 2008 (MARKET WIRE via COMTEX) --
Reportlinker.com announces that a new market research report related to the Industrial equipment industry is available in its catalogue.
World Electronic Testing & Measurement Instruments Market
http://www.reportlinker.com/p092527/World-Electronic-Testing--Measurement-Instruments-Market.html
This report analyzes the worldwide markets for Electronic Test & Measurement Instruments in Units and Million of US$. The specific product segments analyzed are Volt/Am/Watt Meters, Logic Analyzers, Signal Generators, Oscilloscopes (Digital Oscilloscopes, Analog Oscilloscopes, & PC-Based Oscilloscopes), Spectrum Analyzers, Network Analyzers, and Other Electronic Test & Measurement Instruments. The end-use industries analyzed are Communications, Electronics, Defense, Industrial Electronics & Automotive, and Other Industries. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America. and Rest of World. Annual forecasts are provided for each region for the period of 2001 through 2015. A ten-year historic analysis is also provided for these markets with annual market analytics. The report profiles 312 companies including many key and niche players worldwide such as Actuant Corporation, Advantest Corporation, Aeroflex Incorporated, Agilent Technologies, Anritsu Corp., Astro-Med, Inc., Credence Systems Corporation, Fluke Corporation, Giga-tronics, Inc., Ideal Industries, Inc., JDS Uniphase Corp., Keithley Instruments, KLA-Tencor Corporation, LeCroy Corporation, LTX Corporation, National Instruments Corporation, Pico Technology, Rohde & Schwarz, Tekelec, Tektronix, Inc., Teradyne, Inc., Thurlby Thandar Instruments, Wireless Telecom Group, Inc., Boonton Electronics Corp., Willtek Communications GmbH, and Yokogawa Electric Corp. Market data and analytics are derived from primary and secondary research. Company profiles are mostly extracted from URL research and reported select online sources.
ELECTRONIC TEST & MEASUREMENT INSTRUMENTS MCP-2907 A GLOBAL STRATEGIC BUSINESS REPORT CONTENTS I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS Study Reliability and Reporting Limitations I-1 Disclaimers I-2 Data Interpretation & Reporting Level I-2 Quantitative Techniques & Analytics I-3 Product Definitions and Scope of Study I-3 Voltmeters, Ammeters and Wattmeters I-4 Logic Analyzers I-4 Signal Generators I-4 Oscilloscopes I-5 Digital Oscilloscopes I-5 Analog Oscilloscopes I-5 PC-Based Oscilloscopes I-5 Spectrum Analyzers I-5 Network Analyzers I-5 Other Electronic Test & Measurement Instruments I-6 II. EXECUTIVE SUMMARY 1. Market Overview II-1 Current and Future Analysis II-1 Volume Sales II-1 Value Sales II-1 Global Market on an Upswing Mode II-2 Telecommunications - Playing a Major Role II-2 Technological Challenges Further Intensify Competition II-2 Present Market Scenario - A Brief Sketch II-3 Players & their Strategic Moves II-4 Table 1: Worldwide Electronic Test Market (2005): Percentage Market Share Breakdown for Agilent, Tektronix, National Instruments, and Others (includes corresponding Graph/Chart) II-4 2. Industry Trends II-5 Consistent Growth from Computer and Telecom Industries II-5 Use of Digital Format Equipment in Mobile Communications II-5 Shift from Analog to Digital Instruments II-5 Look Who's Harnessing the Internet! II-5 Increasing Demand for Accurate and Efficient Tools II-6 Changing Composition of Customer Base II-6 Alternative Design Requirements II-7 Expanded Role of Suppliers II-7 Applications in New Functional Areas II-7 Outsourcing of Testing Services II-7 3. Product Overview II-8 Electronic Test and Measurement Instruments: An Overview II-8 Voltmeters, Ammeters and Wattmeters II-8 Voltmeter II-8 Ammeter II-9 Multimeter II-9 Logic Analyzers II-10 Signal Generators II-11 Oscilloscopes II-12 Description of an Oscilloscope II-13 Types of Oscilloscopes II-14 Analog Storage Oscilloscopes II-14 Digital Oscilloscopes II-15 Types of Digital Oscilloscopes II-15 Digital Storage Oscilloscopes (DSOs) II-15 Digital Phosphor Oscilloscopes II-15 Digital Sampling Oscilloscopes II-16 Mixed Signal Oscilloscopes II-16 PC-Based Oscilloscopes (PCO) II-16 Individual Efforts in the Development of Oscilloscopes and Related Technology in 2005 II-16 Oscilloscope Adapter for Electronic Equipment II-16 Swiss Developers Invent Oscilloscope Equipment II-17 Custom Processing Function for Digital Oscilloscopes II-17 New Method of Operating Oscilloscopes II-17 Method for Standardizing an Oscilloscope II-17 Method for Performing Superior Notification II-17 Oregon Developer Invents Constraining Method for Parameters II-18 Oregon Developers Invent Triggering System II-18 Spectrum Analyzers II-19 Network Analyzers II-20 Others II-21 Recording Instruments II-21 Oscillographs II-21 Electronic Counter II-21 Frequency Counter II-21 Universal Counter II-22 Power Meter II-22 LCR Meter II-22 PC-Based Test Equipment II-23 VXI Test Instrument II-23 PXI Test Instrument II-23 Test Probes II-23 Electromagnetic Field Meter II-23 Electrometer II-24 Vector Signal Analyzer II-24 Frequency Synthesizer II-24 Function Generator II-24 Pulse Generator II-24 4. End-Use Industry II-25 Communications II-25 Electronics II-26 Defense II-26 Industrial Electronics & Automotive II-26 Other Industries II-26 5. Market Trends/Drivers Across Product Segments II-27 Signal Generators Market II-27 Market Share Scenario II-27 Table 2: Leading Players in the World Market for Signal Generators (2004 & 2005) - Percentage Breakdown of Value Sales by Company for Agilent, Anritsu, Rohde & Schwarz, and Others (includes Corresponding Graph/Chart) II-27 Table 3: Leading Players in the World Radio Frequency Signal Generators Market (2005) - Percentage Breakdown of Value Sales for Agilent, Rohde & Schwarz, Anritsu, Aeroflex Inc, and Others (includes corresponding Graph/Chart) II-28 Table 4: Leading Players in the World Microwave Signal Generators Market (2005) - Percentage Breakdown of Value Sales for Agilent, Rohde & Schwarz, Anritsu, Giga-tronics, and Others (includes corresponding Graph/Chart) II-28 Table 5: Leading Players in the World Arbitrary Waveform Signal Generators Market (2005) - Percentage Breakdown of Value Sales for Agilent, Tektronix Inc, Rohde & Schwarz, Stanford Research Systems, and Others (includes corresponding Graph/Chart) II-28 Product Trends II-29 Complex Modulation through Arbitrary Signal Generators II-29 Oscilloscopes Market II-29 Top Five Drivers in a Nutshell II-29 Market Shares - The Recent Past Scenario II-30 Table 6: Leading Players in the World Market for Oscilloscopes (2004 & 2005) - Percentage Breakdown of Value Sales by Company for Tektronix, Agilent, and Others (includes Corresponding Graph/Chart) II-30 Product Trends II-30 DSOs - Striving to Keep Up with Demanding End-User Specifications II-30 Enhancements in Oscilloscopes II-31 Introduction of Improved Digital Oscilloscopes II-31 Sophisticated Analyzers in Waveform Equipment II-32 Spectrum and Network Analyzer Market II-32 Market Share Scenario II-33 Table 7: Leading Players in the World Market for Spectrum Analyzers (2004 & 2005) - Percentage Breakdown of Value Sales by Company for Agilent, Rohde & Schwarz, Advantest, and Others (includes Corresponding Graph/Chart) II-33 Table 8: Leading Players in the World Market for Network Analyzers (2004 & 2005) - Percentage Breakdown of Value Sales by Company for Agilent, Anritsu, and Others (includes Corresponding Graph/Chart) II-34 Product Trends II-34 Spectrum Analyzers Leapfrog to New End-Use Applications II-34 Table 9: World Recent Past, Current & Future Analysis for Optical Spectrum Analyzers (OSA) - Annual Sales in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) II-35 Development of Value-Added Spectrum Analyzers II-35 Digital Voltmeter Market II-35 Strategic Initiatives II-36 Product Trends II-36 3G Applications - In High Demand II-36 Emphasis on Developing Flexible and Software Compatible Products II-37 System Integration Order of the Day II-37 Improved Price-Performance Ratio II-37 Logic Analyzers Market II-37 Product Trends II-37 On the Fast Track: Logic Analyzers II-37 Market Share Scenario in the Recent Past II-38 Table 10: Leading Players in the World Market for Logic Analyzers (2004 & 2005) - Percentage Breakdown of Value Sales by Company for Agilent, Tektronix, and Others (includes Corresponding Graph/Chart) II-38 Table 11: Leading Players in the Worldwide Power Meters Market (2004): Percentage Breakdown of Value Sales for Agilent Technologies, Rohde & Schwarz GmbH, Anritsu Corporation, Boonton Electronics Corporation, Aeroflex Incorporated, and Others (includes corresponding Graph/Chart) II-38 Table 12: Leading Players in the Worldwide Multimeters Market (2004): Percentage Breakdown of Value Sales for Fluke Corporation, Agilent Technologies, Keithley Instruments, Inc., Yokogawa Electric Corporation, and Others (includes corresponding Graph/Chart) II-39 VXI and PXI Test Instruments II-39 Open Architecture Concept - A Boon for the VXI and PXI Test Instruments II-39 Key Market Drivers for VXI and PXI Test Instruments II-40 Market Share Scenario II-40 Table 13: Leading Players in the World Market for VXI Test Equipment (2004 & 2005) - Percentage Breakdown of Value Sales by Company for Agilent, National Instruments, Racal Instruments, and Others (includes Corresponding Graph/Chart) II-40 Table 14: Leading Players in the World PXI Test EquipmentMarket (2004) - Percentage Breakdown of Value Sales for National Instruments Corporation, ACQIRIS, PX Instrument Technology Ltd., and Others (includes corresponding Graph/Chart) II-41 PC-Based Equipment II-41 PC - A Component or an Enabling Platform for Test Instruments? II-41 Market Shares - A Recent Past Scenario II-42 Table 15: Leading Players in the World PC Based Test Equipment Market (2004) - Percentage Breakdown of Value Sales for National Instruments Corporation, Gage Applied Technologies, Inc., ACQIRIS, and Others (includes corresponding Graph/Chart) II-42 Table 16: Leading Players in the World Electronic Counters Market (2004) - Percentage Breakdown of Value Sales for Agilent Technologies, Fluke Corporation, Anritsu Corporation, Racal Instruments Group Ltd. And Others (includes corresponding Graph/Chart) II-42 6. Automated Test Equipment - A Review II-43 Component ATE Market - Braving the Downturn in the Semiconductor Business II-43 Increasing IC Complexity Leads to ATE Sophistication II-43 Market Share Scenario II-44 Table 17: Leading Players in the World Market for SoC ATE (2004 & 2005) - Percentage Breakdown of Value Sales by Company for Teradyne, Agilent, Credence, and Others (includes Corresponding Graph/Chart) II-44 Table 18: Leading Players in the World Market for RF/Microwave ATE (2004 & 2005) - Percentage Breakdown of Value Sales by Company for Teradyne, Agilent, Credence, and Others (includes Corresponding Graph/Chart) II-44 Table 19: Leading Players in the World Market for In-Circuit ATE (2004 & 2005) - Percentage Breakdown of Value Sales by Company for Agilent, Teradyne, and Others (includes Corresponding Graph/Chart) II-45 Table 20: Leading Players in the World Market for Printed Circuit Board (PCB) ATE (2004 & 2005) - Percentage Breakdown of Value Sales by Company for Agilent, Teradyne, and Others (includes Corresponding Graph/Chart) II-45 Table 21: Leading Players in the World Market for Mixed Signal ATE (2004 & 2005) - Percentage Breakdown of Value Sales by Company for Advantest, Teradyne, and Others (includes Corresponding Graph/Chart) II-46 Board Testers II-46 Semiconductors and IC Testing Instruments II-46 7. Product Introductions/Innovations II-47 Advantest Introduces T5503 Memory Test System II-47 Aeroflex Launches Avionics Test Systems for Testing RF Navigation / Communication Systems II-47 Aeroflex Rolls Out the TM500 LTE Test Mobile II-47 Agilent Rolls Waveform Generator / Fast Measurement Unit II-48 Agilent Launches Next-Generation InfiniiVision 7000 Series Oscilloscopes II-48 Agilent Launches Optical Power Meter II-49 Agilent Launches FlexRay Automotive Application for Infiniium Series Oscilloscopes II-49 Boonton Launches PIM 20 for Passive Intermodulation Portable Test System II-50 JDSU Launches Latest Generation T-BERD / MTS 6000 AMulti- Services Application Module Optical Tester II-50 JDSU Launches UltraFED Triple-play Service Testers II-51 Pico Technology Launches PicoScope 3425 PC Oscilloscope II-51 Pico Technology Unveils PicoScope 9201 Dual-Channel PC Sampling Oscilloscope II-51 Pico Technology Rolls out Three PicoScope 2000 Series Oscilloscopes II-52 Wireless Telecom Group Launches New Boonton Peak Power Meters Series II-52 Tektronix Unveils H600 RFHawk Signal Hunter for Security and Surveillance II-52 Agilent Introduces New Microwave Analog Signal Generator II-52 Agilent Announces Launch of Infiniium 90000A Series II-53 ZTEC Launches New ZT4610 Oscilloscopes II-53 Advantest Launches T2000 Compact Test Solution II-53 Agilent Unveils TS-5040 Automotive Functional Test Solution II-54 Agilent Rolls Out N5450A InfiniiMax for Oscilloscope Measurements II-54 Agilent Announces Support Enhancements for Electronic Test Equipment II-55 Agilent Expands Handheld DMM Portfolio with Agilent U1240A Series II-55 Astro-Med Announces New Portable Data Recorder II-56 Boonton Announces Expansion of Portable Spectrum Analyzer II-56 JDSU Announces Industry's Most Comprehensive DSL Field Test Instrument II-56 JDSU Launches Two New Optical Filters II-57 Keithley Offers Enhancements to S600 Series Parametric Test Systems II-58 LeCroy Announces New Analysis Package for Virtualization Applications II-58 LeCroy Launches Two Novel M-Type Oscilloscopes II-59 LeCroy Rolls Out New ExpressModule(TM) Interposer II-59 LTX Introduces New Range of DSP Instruments for X-Series Test Systems II-60 NI Announces USB Data Acquisition Devices II-60 Willtek Unveils 9103 Handheld Spectrum Analyzer II-61 Yokogawa Announces MT6111 for Commercial Production of DRAMs II-62 Yokogawa Releases Three New MSO Models II-62 Datastick Introduces Hand-Portable Vibration Spectrum Analyzer II-63 Aeroflex Launches SMART E 5000 II-63 TI Launches New 14-bit ADC II-63 Teradyne Unveils DC90XP for Power Management and Automotive Device Markets II-64 Agilent Technologies Launches N9310A RF Signal Generator II-64 Agilent Technologies Launches MXG Signal Generators II-65 Agilent Technologies Introduces Complete Exerciser and Analyzer Solution For PCI Express 2.0 II-65 First Silicon Solutions and Tektronix Develop Software Package for Real-Time Debugging of Xilinx FPGAs II-65 Agilent Technologies Introduces 16800 Series Logic Analyzers II-65 Agilent Technologies Launches User Definable Function Option for its Infiniium Oscilloscopes II-66 Tektronix Introduces DPO4000 Digital Phosphor Oscilloscopesin Australia II-66 NIC Unveils Interactive PC Based Measurement Software II-66 Agilent to Launch MXG Signal Generator and MXA Signal Analyzer with Extra Features II-66 Fluke Corp Unveils 29x Series Universal Waveform Generators II-67 National Instruments Launches Seven Signal Generators for Microwave Frequencies II-67 Scientific Devices Australia Launches RF Test Instruments Line II-67 Tektronix Launches RSA-IQWIMAX Demodulation and Analysis Software II-67 Tektronix Launches RSA6100A Series Real-Time Spectrum Analyzers II-68 Agilent Technologies Launches Three Families of Test Instruments II-68 Rohde & Schwartz Launches Spectrum Analyzer that Doubles as Phase-Noise Test Set II-68 Agilent Technologies Launches Distributed Network Analyzer for Mobile Signaling Analysis II-68 Agilent Technologies Unveils New Triple Play Analyzer II-68 Agilent Technologies Unveils High Memory Logic Analyzer II-69 Agilent Technologies Unveils Cost-Effective Automated Test Equipment II-69 Anritsu Enhances Functions of MG3700A Vector Signal Generator II-70 Anritsu Launches New Cost-Effective Lightweight Spectrum Analyzer II-70 Datastick Systems, Inc. Launches Two New Versions of Vibration Spectrum Analyzers II-70 IDEAL Launches 350 Series Testers II-71 Aeroflex Introduces 5800 PCB Test Systems in the US market II-71 Aeroflex Introduces 3280 Series Spectrum Analyzers II-71 Advantest Corporation Launches Portable U3741 Spectrum Analyzer II-72 Advantest Corporation Introduces T5383 Memory Testing System II-72 Advantest Launches BBWGD Analog Testing Module II-72 Keithley Instruments Launches New 2810 RF Vector Signal Analyzer II-73 Keithley Releases Handheld, Lab Quality, Powerful Radio- Frequency Power Meter II-73 Tektronix Introduces Advanced TDR Test Module II-73 LeCroy Corporation Introduces PETracer Gen2 Protocol Analyzer For PCI Express(R) II-74 Boonton Electronics Corp Introduces Boonton 9100 Spectrum Analyzer Series II-74 Fluke Corporation Introduces LEM Instrument Tool Products II-74 Boonton Electronics Corp Introduces 4500B Peak Power Analyzer II-75 YEC Develops New Waveform Measuring Instrument II-75 YEC Develops New Dual-Functional FlexRay Signal Analyzers II-75 Agilent Releases CAN/LIN Option for Oscilloscopes II-75 LeCroy Unveils Decode and Serial Data Trigger Option II-76 LeCroy Launches New Oscilloscopes and Advanced Search & Analysis II-76 Tektronix Launches New Series of Performance Scopes II-76 National Instruments Introduces New Digitizer/Oscilloscope II-76 LeCroy Launches Family of Portable Scopes II-77 National Instruments Launches Eight-Channel Digitizer/ Oscilloscope II-77 Agilent Unveils InfiniiScan Software for Oscilloscopes II-77 LeCroy Releases Digital Oscilloscopes II-77 National Instruments Releases PC-Based Oscilloscope II-78 LeCroy Unveils Series of Digital Scopes II-78 Pico Launches Portable PC-Based Oscilloscopes II-78 Agilent Technologies Introduces Infiniium 80000B Series Scopes II-78 Yokogawa Introduces SL1400 ScopeCorder II-79 Agilent Unveils Line of Handheld Oscilloscopes and Multimeters II-79 Tektronix Introduces Family of Digital Storage Oscilloscopes II-79 ZTEC Launches ZT4610 Series of Digital Storage Oscilloscopes II-79 8. Recent Industry Activity II-80 American Industrial Partners Acquires Brooks Instrument II-80 Setaram France Acquires Hy-Energy LLC II-80 Cascade Acquires Gryphics II-80 Teradyne Acquires Mosaid Systems II-80 Global A&T Electronics Acquires United Test & Assembly II-80 Danaher Merges its Subsidiary into Tektronix II-80 Honeywell Wins Lab Equipment Supply Contract II-81 Agilent to Modernize Facility in Scotland II-81 Digi-Key Signs Distribution Agreement with Fluke II-81 FST Acquires LTX's X-Series Test System II-81 Fluke Corp Signs Accord with Electro-Matic Products Inc II-81 SAT Corp to Supply SAT-DSA Carrier Monitoring and Interference Detection Instrument to SkyPort II-82 National Instruments Supports Tektronix Digital Storage Oscilloscopes with SignalExpress II-82 Newark InOne Gets Exclusive US Distribution Rights for Portable Spectrum Analyzer II-82 FuturePlus Systems Opts for Agilent's Logic Analyzers for its Serial Rapid Protocol Analysis Probe II-82 Sony Corporation Adopts Tektronix-Made Real Time Spectrum Analyzer Software II-83 9. Focus on Select Players II-84 Actuant Corporation (USA) II-84 Advantest Corporation (Japan) II-84 Aeroflex, Inc. (USA) II-85 Agilent Technologies, Inc. (USA) II-85Anritsu Corp. (Japan) II-86 Astro-Med, Inc. (USA) II-87 Credence Systems Corporation (USA) II-87 Fluke Corporation (USA) II-88 Giga-tronics, Inc. (USA) II-88 Ideal Industries, Inc. (USA) II-89 JDS Uniphase Corp. (USA) II-89 Keithley Instruments, Inc. (USA) II-90 KLA-Tencor Corporation (USA) II-90 LeCroy Corporation (USA) II-91 LTX Corporation (USA) II-91 National Instruments Corporation (USA) II-92 Pico Technology (UK) II-92 Rohde & Schwarz (Germany) II-93 Tekelec (USA) II-93 Tektronix, Inc. (USA) II-93 Teradyne, Inc. (USA) II-94 Thurlby Thandar Instruments (UK) II-95 Wireless Telecom Group, Inc. (USA) II-95 Boonton Electronics Corp. (USA) II-96 Willtek Communications GmbH (Germany) II-96 Yokogawa Electric Corp. (Japan) II-97 10. Global Market Perspective II-98 Table 22: World Recent Past, Current & Future Analysis for Electronic Test & Measurement Instruments by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in '000 Units for Years 2001 through 2010 (includes corresponding Graph/Chart) II-98 Table 23: World Long-term Projections for Electronic Test & Measurement Instruments by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in '000 Units for Years 2011 through 2015 (includes corresponding Graph/Chart) II-99 Table 24: World Historic Review for Electronic Test & Measurement Instruments by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in '000 Units for Years 1991 through 2000 (includes corresponding Graph/Chart) II-100 Table 25: World 15-Year Perspective for Electronic Test & Measurement Instruments by Geographic Region - Percentage Breakdown of Unit Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets for Years 1998, 2008 & 2012 (includes corresponding Graph/Chart) II-101 Table 26: World Recent Past, Current & Future Analysis for Electronic Test & Measurement Instruments by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) II-102 Table 27: World Long-term Projections for Electronic Test & Measurement Instruments by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart) II-103 Table 28: World Historic Review for Electronic Test & Measurement Instruments by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in US$ Million for Years 1991 through 2000 (includes corresponding Graph/Chart) II-104 Table 29: World 15-Year Perspective for Electronic Test & Measurement Instruments by Geographic Region - Percentage Breakdown of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets for Years 1998, 2008 & 2012 (includes corresponding Graph/Chart) II-105 Product Segment Market Analytics II-106 Table 30: World Recent Past, Current & Future Analysis for Volt/Am/Watt Meters by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in '000 Units for Years 2001 through 2010 (includes corresponding Graph/Chart) II-106 Table 31: World Long-term Projections for Volt/Am/Watt Meters by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in '000 Units for Years 2011 through 2015 (includes corresponding Graph/Chart) II-107 Table 32: World Historic Review for Volt/Am/Watt Meters by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in '000 Units for Years 1991 through 2000 (includes corresponding Graph/Chart) II-108 Table 33: World 15-Year Perspective for Volt/Am/Watt Meters by Geographic Region - Percentage Breakdown of Unit Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets for Years 1998, 2008 & 2012 (includes corresponding Graph/Chart) II-109 Table 34: World Recent Past, Current & Future Analysis for Volt/Am/Watt Meters by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) II-110 Table 35: World Long-term Projections for Volt/Am/Watt Meters by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart) II-111 Table 36: World Historic Review for Volt/Am/Watt Meters by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in US$ Million for Years 1991 through 2000 (includes corresponding Graph/Chart) II-112 Table 37: World 15-Year Perspective for Volt/Am/Watt Meters by Geographic Region - Percentage Breakdown of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets for Years 1998, 2008 & 2012 (includes corresponding Graph/Chart) II-113 Table 38: World Recent Past, Current & Future Analysis for Logic Analyzers by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in '000 Units for Years 2001 through 2010 (includes corresponding Graph/Chart) II-114 Table 39: World Long-term Projections for Logic Analyzers by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in '000 Units for Years 2011 through 2015 (includes corresponding Graph/Chart) II-115 Table 40: World Historic Review for Logic Analyzers by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in '000 Units for Years 1991 through 2000 (includes corresponding Graph/Chart) II-116 Table 41: World 15-Year Perspective for Logic Analyzers by Geographic Region - Percentage Breakdown of Unit Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets for Years 1998, 2008 & 2012 (includes corresponding Graph/Chart) II-117 Table 42: World Recent Past, Current & Future Analysis for Logic Analyzers by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) II-118 Table 43: World Long-term Projections for Logic Analyzers by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart) II-119 Table 44: World Historic Review for Logic Analyzers by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in US$ Million for Years 1991 through 2000 (includes corresponding Graph/Chart) II-120 Table 45: World 15-Year Perspective for Logic Analyzers by Geographic Region - Percentage Breakdown of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets for Years 1998, 2008 & 2012 (includes corresponding Graph/Chart) II-121 Table 46: World Recent Past, Current & Future Analysis for Signal Generators by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in '000 Units for Years 2001 through 2010 (includes corresponding Graph/Chart) II-122 Table 47: World Long-term Projections for Signal Generators by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in '000 Units for Years 2011 through 2015 (includes corresponding Graph/Chart) II-123 Table 48: World Historic Review for Signal Generators by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in '000 Units for Years 1991 through 2000 (includes corresponding Graph/Chart) II-124 Table 49: World 15-Year Perspective for Signal Generators by Geographic Region - Percentage Breakdown of Unit Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets for Years 1998, 2008 & 2012 (includes corresponding Graph/Chart) II-125 Table 50: World Recent Past, Current & Future Analysis for Signal Generators by Geographic Region - US, Canada Japan,Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) II-126 Table 51: World Long-term Projections for Signal Generators by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart) II-127 Table 52: World Historic Review for Signal Generators by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in US$ Million for Years 1991 through 2000 (includes corresponding Graph/Chart) II-128 Table 53: World 15-Year Perspective for Signal Generators by Geographic Region - Percentage Breakdown of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets for Years 1998, 2008 & 2012 (includes corresponding Graph/Chart) II-129 Table 54: World Recent Past, Current & Future Analysis for Oscilloscopes by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in '000 Units for Years 2001 through 2010 (includes corresponding Graph/Chart) II-130 Table 55: World Long-term Projections for Oscilloscopes by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in '000 Units for Years 2011 through 2015 (includes corresponding Graph/Chart) II-131 Table 56: World Historic Review for Oscilloscopes by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in '000 Units for Years 1991 through 2000 (includes corresponding Graph/Chart) II-132 Table 57: World 15-Year Perspective for Oscilloscopes by Geographic Region - Percentage Breakdown of Unit Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets for Years 1998, 2008 & 2012 (includes corresponding Graph/Chart) II-133 Table 58: World Recent Past, Current & Future Analysis for Oscilloscopes by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) II-134 Table 59: World Long-term Projections for Oscilloscopes by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart) II-135 Table 60: World Historic Review for Oscilloscopes by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in US$ Million for Years 1991 through 2000 (includes corresponding Graph/Chart) II-136 Table 61: World 15-Year Perspective for Oscilloscopes by Geographic Region - Percentage Breakdown of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets for Years 1998, 2008 & 2012 (includes corresponding Graph/Chart) II-137 Table 62: World Recent Past, Current & Future Analysis for Oscilloscopes by Product Segment - Digital Oscilloscopes, Analog Oscilloscopes, and PC-Based Oscilloscopes Markets Independently Analyzed with Annual Sales in '000 Units for Years 2001 through 2010 (includes corresponding Graph/Chart) II-138 Table 63: World Long-term Projections for Oscilloscopes by Product Segment - Digital Oscilloscopes, Analog Oscilloscopes, and PC-Based Oscilloscopes Markets Independently Analyzed with Annual Sales in '000 Units for Years 2011 through 2015 (includes corresponding Graph/Chart) II-138 Table 64: World Historic Review for Oscilloscopes by Product Segment - Digital Oscilloscopes, Analog Oscilloscopes, and PC-Based Oscilloscopes Markets Independently Analyzed with Annual Sales in '000 Units for Years 1991 through 2000 (includes corresponding Graph/Chart) II-139 Table 65: World 15-Year Perspective for Oscilloscopes by Product Segment - Percentage Breakdown of Unit Sales for Digital Oscilloscopes, Analog Oscilloscopes, and PC-Based Oscilloscopes Markets for Years 1998, 2008 & 2012 (includes corresponding Graph/Chart) II-139 Table 66: World Recent Past, Current & Future Analysis for Oscilloscopes by Product Segment - Digital Oscilloscopes, Analog Oscilloscopes, and PC-Based Oscilloscopes Markets Independently Analyzed with Annual Sales in US$ Million 2001 through 2010 (includes corresponding Graph/Chart) II-140 Table 67: World Long-term Projections for Oscilloscopes by Product Segment - Digital Oscilloscopes, Analog Oscilloscopes, and PC-Based Oscilloscopes Markets Independently Analyzed with Annual Sales in US$ Million 2011 through 2015 (includes corresponding Graph/Chart) II-140 Table 68: World Historic Review for Oscilloscopes by Product Segment - Digital Oscilloscopes, Analog Oscilloscopes, and PC-Based Oscilloscopes Markets Independently Analyzed with Annual Sales in US$ Million for Years 1991 through 2000 (includes corresponding Graph/Chart) II-141 Table 69: World 15-Year Perspective for Oscilloscopes by Product Segment - Percentage Breakdown of Dollar Sales for Digital Oscilloscopes, Analog Oscilloscopes, and PC-Based Oscilloscopes Markets for Years 1998, 2008 & 2012 (includes corresponding Graph/Chart) II-141 Table 70: World Recent Past, Current & Future Analysis for Digital Oscilloscopes by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East & Latin America Markets Independently Analyzed with Annual Sales in '000 Units for Years 2001 through 2010 (includes corresponding Graph/Chart) II-142 Table 71: World Long-term Projections for Digital Oscilloscopes by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East & Latin America Markets Independently Analyzed with Annual Sales in '000 Units for Years 2011 through 2015 (includes corresponding Graph/Chart) II-143 Table 72: World Historic Review for Digital Oscilloscopes by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East & Latin America Markets Independently Analyzed with Annual Sales in '000 Units for Years 1991 through 2000 (includes corresponding Graph/Chart) II-144 Table 73: World 15-Year Perspective for Digital Oscilloscopes by Geographic Region - Percentage Breakdown of Unit Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets for Years 1998, 2008 & 2012 (includes corresponding Graph/Chart) II-145 Table 74: World Recent Past, Current & Future Analysis for Digital Oscilloscopes by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East & Latin America Markets Independently Analyzed with Annual Sales in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) II-146 Table 75: World Long-term Projections for Digital Oscilloscopes by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East & Latin America Markets Independently Analyzed with Annual Sales in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart) II-147 Table 76: World Historic Review for Digital Oscilloscopes by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East & Latin America Markets Independently Analyzed with Annual Sales in US$ Million for Years 1991 through 2000 (includes corresponding Graph/Chart) II-148 Table 77: World 15-Year Perspective for Digital Oscilloscopes by Geographic Region - Percentage Breakdown of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets for Years 1998, 2008 & 2012 (includes corresponding Graph/Chart) II-149 Table 78: World Recent Past, Current & Future Analysis for Analog Oscilloscopes by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East & Latin America Markets Independently Analyzed with Annual Sales in '000 Units for Years 2001 through 2010 (includes corresponding Graph/Chart) II-150 Table 79: World long-term Projections for Analog Oscilloscopes by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East & Latin America Markets Independently Analyzed with Annual Sales in '000 Units for Years 2011 through 2015 (includes corresponding Graph/Chart) II-151 Table 80: World Historic Review for Analog Oscilloscopes by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East & Latin America Markets Independently Analyzed with Annual Sales in '000 Units for Years 1991 through 2000 (includes corresponding Graph/Chart) II-152 Table 81: World 15-Year Perspective for Analog Oscilloscopes by Geographic Region - Percentage Breakdown of Unit Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets for Years 1998, 2008 & 2012 (includes corresponding Graph/Chart) II-153 Table 82: World Recent Past, Current & Future Analysis for Analog Oscilloscopes by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East & Latin America Markets Independently Analyzed with Annual Sales inUS$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) II-154 Table 83: World Long-term Projections for Analog Oscilloscopes by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East & Latin America Markets Independently Analyzed with Annual Sales in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart) II-155 Table 84: World Historic Review for Analog Oscilloscopes by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East & Latin America Markets Independently Analyzed with Annual Sales in US$ Million for Years 1991 through 2000 (includes corresponding Graph/Chart) II-156 Table 85: World 15-Year Perspective for Analog Oscilloscopes by Geographic Region - Percentage Breakdown of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets for Years 1998, 2008 & 2012 (includes corresponding Graph/Chart) II-157 Table 86: World Recent Past, Current & Future Analysis for PC-Based Oscilloscopes by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East & Latin America Markets Independently Analyzed with Annual Sales in '000 Units for Years 2001 through 2010 (includes corresponding Graph/Chart) II-158 Table 87: World Long-term Projections for PC-Based Oscilloscopes by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East & Latin America Markets Independently Analyzed with Annual Sales in '000 Units for Years 2011 through 2015 (includes corresponding Graph/Chart) II-159 Table 88: World Historic Review for PC-Based Oscilloscopes by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East & Latin America Markets Independently Analyzed with Annual Sales in '000 Units for Years 1991 through 2000 (includes corresponding Graph/Chart) II-160 Table 89: World 15-Year Perspective for PC-Based Oscilloscopes by Geographic Region - Percentage Breakdown of Unit Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets for Years 1998, 2008 & 2012 (includes corresponding Graph/Chart) II-161 Table 90: World Recent Past, Current & Future Analysis for PC-Based Oscilloscopes by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East & Latin America Markets Independently Analyzed with Annual Sales in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) II-162 Table 91: World Long-term Projections for PC-Based Oscilloscopes by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East & Latin America Markets Independently Analyzed with Annual Sales in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart) II-163 Table 92: World Historic Review for PC-Based Oscilloscopes by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East & Latin America Markets Independently Analyzed with Annual Sales in US$ Million for Years 1991 through 2000 (includes corresponding Graph/Chart) II-164 Table 93: World 15-Year Perspective for PC-Based Oscilloscopes by Geographic Region - Percentage Breakdown of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets for Years 1998, 2008 & 2012 (includes corresponding Graph/Chart) II-165 Table 94: World Recent Past, Current & Future Analysis for Spectrum Analyzers by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East & Latin America Markets Independently Analyzed with Annual Sales in '000 Units for Years 2001 through 2010 (includes corresponding Graph/Chart) II-166 Table 95: World Long-term Projections for Spectrum Analyzers by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East & Latin America Markets Independently Analyzed with Annual Sales in '000 Units for Years 2011 through 2015 (includes corresponding Graph/Chart) II-167 Table 96: World Historic Review for Spectrum Analyzers by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in '000 Units for Years 1991 through 2000 (includes corresponding Graph/Chart) II-168 Table 97: World 15-Year Perspective for Spectrum Analyzers by Geographic Region - Percentage Breakdown of Unit Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets for Years 1998, 2008 & 2012 (includes corresponding Graph/Chart) II-169 Table 98: World Recent Past, Current & Future Analysis for Spectrum Analyzers by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) II-170 Table 99: World Long-term Projections for Spectrum Analyzers by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart) II-171 Table 100: World Historic Review for Spectrum Analyzers by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in US$ Million for Years 1991 through 2000 (includes corresponding Graph/Chart) II-172 Table 101: World 15-Year Perspective for Spectrum Analyzers by Geographic Region - Percentage Breakdown of Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets for Years 1998, 2008 & 2012 (includes corresponding Graph/Chart) II-173 Table 102: World Recent Past, Current & Future Analysis for Network Analyzers by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East & Latin America Markets Independently Analyzed with Annual Sales in '000 Units for Years 2001 through 2010 (includes corresponding Graph/Chart) II-174 Table 103: World long-term Projections for Network Analyzers by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East & Latin America Markets Independently Analyzed with Annual Sales in '000 Units for Years 2011 through 2015 (includes corresponding Graph/Chart) II-175 Table 104: World Historic Review for Network Analyzers by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in '000 Units for Years 1991 through 2000 (includes corresponding Graph/Chart) II-176 Table 105: World 15-Year Perspective for Network Analyzers by Geographic Region - Percentage Breakdown of Unit Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets for Years 1998, 2008 & 2012 (includes corresponding Graph/Chart) II-177 Table 106: World Recent Past, Current & Future Analysis for Network Analyzers by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in US$ Million for Years 2001 through 2010 (includes corresponding Graph/Chart) II-178 Table 107: World Long-term Projections for Network Analyzers by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World Markets Independently Analyzed with Annual Sales in US$ Million for Years 2011 through 2015 (includes corresponding Graph/Chart) II-179 Table 108: World Historic Review for Network Analyzers by Geographic Region - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America and Rest of World
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Gennum Reports 2008 Third Quarter Results - Zibb.com
BURLINGTON, ON, Sep. 24, 2008 (Canada NewsWire via COMTEX) --
<<
31% Quarterly Revenue Growth Drives 20% Increase in Earnings Per Share
from Continuing Operations
>>
Gennum Corporation (TSX: GND) today announced its unaudited financial results for the third fiscal quarter which ended August 31, 2008.
<<
(in millions of U.S. dollars except per share amounts)
% of % of
2008 Revenue 2007 Revenue
---- ------- ---- -------
Third quarter
Revenue 33.5 25.5
Gross margin 25.6 76.3% 18.7 73.4%
Net earnings - continuing 6.4 19.0% 5.3 21.0%
Net earnings per share -
continuing *0.18 0.15
* basic and diluted
>>
"Our third quarter performance underscores a consistent strengthening in our business as we delivered a sixth consecutive quarter of growth and improved profitability," said Dr. Franz Fink, President and CEO of Gennum. "We continue to receive positive customer response to our new, refreshed portfolio and this is resulting in continued healthy demand for our products. We are successfully expanding our customer base and securing new product and IP opportunities in Europe, Japan, Asia and North America. To maintain and build upon our market momentum, we remain focused on balancing the investment in new product development and core business activities with overall company profitability to deliver further growth and shareholder value."
Revenue of $33.5 million is up $8.0 million or 31% from $25.5 million in the third quarter of 2007 and up 2% from $33.0 million in the second quarter of 2008. Gross margin as a percentage of revenue remained in the industry's top tier as lower average selling prices were offset by lower production costs and a higher mix of IP revenue. Earnings per share from continuing operations grew 20% from the third quarter of 2007 and 6% over the second quarter of 2008.
New product introductions and developments
Since the commencement of the third quarter of 2008, we introduced a series of new products, participated in a new technology demonstration with an industry partner, completed the acquisition of ASIC Architect, Inc. and concluded a sale leaseback transaction involving our corporate headquarters.
<<
- Test and Validation Equipment from Tektronix Leverages the Gennum
3Gb/s SDI Solutions - Tektronix, Inc., a leading supplier of test,
measurement, and monitoring instrumentation, has implemented Gennum's
3Gb/s equalizer solutions in its award-winning WFM7120 waveform
monitor. The advanced monitoring equipment provides customers in the
equipment design, manufacturing and broadcast industries with 3Gb/s
SDI test and analysis capabilities helping ensure compliance to the
standard and propelling the 3Gb/s market forward.
- Gennum 3Gb/s Solutions Selected for Ensemble's Next-generation
Broadcast Signal Generator - Ensemble Designs has selected the Gennum
3Gb/s transmit solution for its next-generation test signal generator
(TSG), a critical piece of equipment used to distribute test signals
in broadcast studios. The integrated, single-chip transmit solution
from Gennum enabled Ensemble to deliver 3G design in less than three
months.
- Expanded PCI Express(R) Portfolio with New Bridge for High Data Rate
Embedded Applications - Industry's first highly-integrated, four-lane
PCIe bridge enables broadcast video designers to leverage the full
potential of the PCIe standard with a low cost, turnkey solution and
speed time-to-market by up to 80 percent.
- Gennum and IDT (Integrated Device Technology) Jointly Demonstrate
High-Performance Embedded PCI Express(R) - Systems designers struggle
to ensure signal integrity across PCIe Gen2 cables and backplanes.
The joint demonstration by Gennum and IDT showcased the PCIe I/O
expansion system using off the shelf components, one of the popular
IDT PCIe Gen2 switching solutions and Gennum's advanced repeater
solution.
- New ActiveConnect(TM) Products Enable Industry's Thinnest, Longest
Reach HDMI Cables - The ActiveConnect GV8502 product is targeted at
consumer cabling applications providing cable manufacturers with a
cost-effective, high-quality semiconductor solution for the design of
their thin HDMI consumer cables.
- ActiveConnect Adopted by Tributaries(R) for Long-Reach HDMI Extender
- Tributaries(R) Cable, a leading supplier of high-value, high-
performance cabling and accessories for custom home audio and home-
theater installation, has deployed a new extender based on the
ActiveConnect solution. Fully compatible with the latest HDMI 1.3
standard, the Tributaries HXMini5 extender can reliably transport
high-definition multimedia interface (HDMI) video with audio more
than 300 feet with no loss of video or AV quality.
- Acquisition of ASIC Architect, Inc. Accelerates Product Development
and Broadens IP Offering - The combination of ASIC Architect
controller and bridge IP cores and the Snowbush Microelectronics IP
PHY cores provides a complete high-speed interconnect solution.
Additionally, with added controller IP and embedded system expertise,
Gennum can more quickly deliver new, highly-integrated products to
capitalize on high-growth consumer connectivity markets, while
further securing market leadership in its traditional video and data
communication segments.
- Completed Sale and Leaseback of Burlington, Canada Headquarters -
Corporate headquarters sold for $13.5 million (CDN) cash to LPF
Realty Office Inc. This transaction enables Gennum to better optimize
its investments and fund more strategic projects that accelerate
company growth and new product development.
Dividend
Gennum's Board of Directors has declared a regular cash dividend of
3.5 cents per share Canadian to be paid on October 22, 2008 to shareholders of
record on October 8, 2008. The dividend is considered an "eligible dividend"
for tax purposes.
-------------------------------------------------------------------------
Management will hold a conference call to discuss third quarter results
on Wednesday, September 24, 2008 at 5:30 p.m. (ET). To access the call,
participants should dial 1-800-732-9307. The conference call will also be
Webcast live at www.gennum.com or www.newswire.ca/en/webcast and
subsequently archived on the Gennum site. A rebroadcast of the call will
be available until midnight on October 24, 2008. To access the
rebroadcast, dial 416-640-1917 and enter the passcode 21281566 followed
by the number sign.
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About Gennum Corporation
>>
Gennum Corporation (TSX: GND) designs innovative semiconductor solutions and intellectual property (IP) cores for the world's most advanced consumer connectivity, enterprise, video broadcast and data communications products. Leveraging the company's proven optical, analog and mixed-signal products and IP, Gennum enables multimedia and data communications products to send and receive information without compromising the signal integrity. Recognized as an award winner for advances in high definition (HD) broadcasting, Gennum is headquartered in Burlington, Canada, and has global design, research and development and sales offices in Canada, Mexico, Japan, Korea, Germany, United States, Taiwan, India and the United Kingdom. www.gennum.com
Caution Regarding Forward-Looking Information
This document contains statements which constitute forward-looking statements. These forward-looking statements are not descriptive of historical matters and may refer to management's expectations or plans. These statements include but are not limited to statements concerning: Gennum's business objectives and plans including Gennum's corporate strategy and strategic priorities; Gennum's future financial performance and prospects including revenues, gross margins and earnings; future trends in the semiconductor and intellectual property licensing industries and, in particular, market trends for analog and mixed signal products, optical products and intellectual property products and licensing; Gennum's expectations for sales and licensing of its products in these markets including anticipated costs, sales, size, duration, growth or decline of market opportunities and competitive and pricing pressures in these markets; Gennum's product roadmap and the speed at which Gennum is able to introduce new products; the adoption of new standards in the markets in which Gennum competes and the ability of Gennum to anticipate these changes and successfully address new opportunities; sales and capital spending plans and estimates, shipment levels and operating expenses; exchange rate fluctuations in, and the relative values of, the Canadian dollar, the U.S. dollar and the Japanese yen; Gennum's ability to finance its growth plans and make necessary investment; and litigation in which Gennum is involved.
Inherent in forward-looking statements are risks and uncertainties beyond Gennum's ability to predict or control including but not limited to risks associated with: competitive and pricing pressures in the increasingly competitive environment in which Gennum operates; economic cycles in the semiconductor industry including downturns which can result from adverse general economic conditions; our ability to anticipate needs for future products and successfully execute our product roadmap; including the possibility of the emergence of disruptive technologies which negatively impact our positioning in the marketplace; fluctuations in foreign exchange rates and their potential adverse impact upon our financial results; our reliance on external foundries and suppliers and the potential adverse effects of disruptions in any of these arrangements; the successful integration of acquisitions; our ability to attract and retain key personnel necessary for our business; our ability to successfully protect our intellectual property rights; and the initiation and outcome of legal proceedings. Readers should also refer to the sections entitled "Risks and Uncertainties" in our 2007 annual report and "Risk Factors" in our annual information form dated February 13, 2008.
Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this document. Such statements are based on a number of assumptions which may prove to be incorrect including but not limited to the following assumptions: there is no material deterioration in the business and economic conditions in the marketplace for Gennum's products; Gennum's expectations regarding market trends for analog and mixed signal products, optical products and intellectual property products and licensing are not materially incorrect; Gennum's is able to execute its product roadmap without delays or disruptions having a material impact on Gennum; Gennum's expectations relating to the needs and direction of the marketplace for its products are within reasonable bounds of accuracy and Gennum is able to introduce products and capitalize on new opportunities generally as expected; material disruptions in the manufacture and supply of products and services to Gennum by foundries and suppliers will not materialize; Gennum's expectations relating to competitive pressures, including pricing pressures, are not materially incorrect; significant fluctuations in foreign exchange rates which materially adversely affect Gennum's financial results do not arise; customer demand for Gennum's products remains generally as anticipated; Gennum is able successfully integrate acquisitions; and Gennum is able to continue to retain and attract technical and other key employees.
Readers are cautioned that the foregoing list of important factors and assumptions is not exhaustive. Forward-looking statements are not guarantees of future performance. Events or circumstances could cause Gennum's actual results to differ materially from those estimated or projected and expressed in, or implied by, these forward-looking statements. Consequently, readers should not place any undue reliance on these forward-looking statements. Forward-looking statements are provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. In addition, these forward-looking statements relate to the date on which they are made. We disclaim any intention or obligation to update or revise any forward-looking statements or the foregoing list of factors, whether as a result of new information, future events or otherwise, except to the extent required by law.
All financial results referenced are unaudited, in United States currency and, unless otherwise indicated, are determined in accordance with Canadian Generally Accepted Accounting Principles (GAAP).
<<
2008 THIRD QUARTER MANAGEMENT'S DISCUSSION AND ANALYSIS
All amounts are in U.S. dollars, unless otherwise stated
Caution regarding forward-looking statements
>>
This document contains statements which constitute forward-looking statements. These forward-looking statements are not descriptive of historical matters and may refer to management's expectations or plans. These statements include but are not limited to statements concerning: Gennum's business objectives and plans including Gennum's corporate strategy and strategic priorities; Gennum's future financial performance and prospects including revenues, gross margins and earnings; future trends in the semiconductor and intellectual property licensing industries and, in particular, market trends for analog and mixed signal products, optical products and intellectual property products and licensing; Gennum's expectations for sales and licensing of its products in these markets including anticipated costs, sales, size, duration, growth or decline of market opportunities and competitive and pricing pressures in these markets; Gennum's product roadmap and the speed at which Gennum is able to introduce new products; the adoption of new standards in the markets in which Gennum competes and the ability of Gennum to anticipate these changes and successfully address new opportunities; sales and capital spending plans and estimates, shipment levels and operating expenses; exchange rate fluctuations in, and the relative values of, the Canadian dollar, the U.S. dollar and the Japanese yen; Gennum's ability to finance its growth plans and make necessary investment; and litigation in which Gennum is involved.
Inherent in forward-looking statements are risks and uncertainties beyond Gennum's ability to predict or control including but not limited to risks associated with: competitive and pricing pressures in the increasingly competitive environment in which Gennum operates; economic cycles in the semiconductor industry including downturns which can result from adverse general economic conditions; our ability to anticipate needs for future products and successfully execute our product roadmap, including the possibility of the emergence of disruptive technologies which negatively impact our positioning in the marketplace; fluctuations in foreign exchange rates and their potential adverse impact upon our financial results; our reliance on external foundries and suppliers and the potential adverse effects of disruptions in any of these arrangements; the successful integration of acquisitions; our ability to attract and retain key personnel necessary for our business; our ability to successfully protect our intellectual property rights; and the initiation and outcome of legal proceedings. Readers should also refer to the sections entitled "Risks and Uncertainties" in our 2007 annual report and "Risk Factors" in our annual information form dated February 13, 2008.
Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this document. Such statements are based on a number of assumptions which may prove to be incorrect including but not limited to the following assumptions: there is no material deterioration in the business and economic conditions in the marketplace for Gennum's products; Gennum's expectations regarding market trends for analog and mixed signal products, optical products and intellectual property products and licensing are not materially incorrect; Gennum's is able to execute its product roadmap without delays or disruptions having a material impact on Gennum; Gennum's expectations relating to the needs and direction of the marketplace for its products are within reasonable bounds of accuracy and Gennum is able to introduce products and capitalize on new opportunities generally as expected; material disruptions in the manufacture and supply of products and services to Gennum by foundries and suppliers will not materialize; Gennum's expectations relating to competitive pressures, including pricing pressures, are not materially incorrect; significant fluctuations in foreign exchange rates which materially adversely affect Gennum's financial results do not arise; customer demand for Gennum's products remains generally as anticipated; Gennum is able successfully integrate acquisitions; and Gennum is able to continue to retain and attract technical and other key employees.
Readers are cautioned that the foregoing list of important factors and assumptions is not exhaustive. Forward-looking statements are not guarantees of future performance. Events or circumstances could cause Gennum's actual results to differ materially from those estimated or projected and expressed in, or implied by, these forward-looking statements. Consequently, readers should not place any undue reliance on these forward-looking statements. Forward-looking statements are provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. In addition, these forward-looking statements relate to the date on which they are made. We disclaim any intention or obligation to update or revise any forward-looking statements or the foregoing list of factors, whether as a result of new information, future events or otherwise, except to the extent required by law.
The following discussion and analysis is intended to provide readers with an assessment of our performance for the third quarter of 2008 together with the comparable period in the prior year, as well as our financial position and future prospects. It should be read in conjunction with the Company's unaudited consolidated financial statements for the first and second quarters of fiscal 2008 and 2007, and the fiscal 2007 and 2006 audited consolidated financial statements and accompanying notes and MD&A contained in our 2007 annual report, which have been prepared in accordance with Canadian generally accepted accounting principles. Our public disclosure documents, including our historical financial statements and our annual information form, can be viewed on SEDAR at www.sedar.com.
In this discussion and analysis, "Gennum", the "Company", "we", "our" and similar references include Gennum Corporation and its subsidiaries. All amounts are in U.S. dollars, unless otherwise stated.
CORPORATE OVERVIEW AND BUSINESS STRATEGY
Today, there is an expectation by those seeking information, whether it is data, video or multimedia content, to access it instantaneously anywhere in the world at any time. The digitization of content puts significant demand on high-speed audio and video streaming products. That is where our expertise plays a critical role. At Gennum (TSX: GND), we design semiconductor solutions and intellectual property (IP) cores for some of the world's most advanced consumer connectivity, enterprise, video broadcast and data communications applications. Our optical, analog and mixed-signal products and IP ensure the highest signal integrity enabling our customers to move more information across longer distances at faster speeds.
Our corporate strategy is to leverage core technological capabilities into selected, high-growth markets that provide a competitive advantage for both the Company and our customers. Our strategic priorities for 2008 include generating revenue growth greater than the industry average, maintaining industry top tier gross margins and delivering healthy operating returns. To achieve these priorities we are executing to our plan that doubles the number of new product and IP introductions in 2008 compared to 2007, strengthens our global team, drives increased operational efficiencies and leverages a strong cash position to complement our existing portfolio of optical, analog and mixed-signal and IP products.
New product introductions and developments
In the third quarter of 2008, we introduced a series of new products, participated in a new technology demonstration with an industry partner, completed the acquisition of ASIC Architect, Inc. and concluded a sale leaseback transaction involving our corporate headquarters.
<<
- Test and Validation Equipment from Tektronix Leverages the Gennum
3Gb/s SDI Solutions - Tektronix, Inc., a leading supplier of test,
measurement, and monitoring instrumentation, has implemented Gennum's
3Gb/s equalizer solutions in its award-winning WFM7120 waveform
monitor. The advanced monitoring equipment provides customers in the
equipment design, manufacturing and broadcast industries with 3Gb/s
SDI test and analysis capabilities helping ensure compliance to the
standard and propelling the 3Gb/s market forward.
- Gennum 3Gb/s Solutions Selected for Ensemble's Next-generation
Broadcast Signal Generator - Ensemble Designs has selected the Gennum
3Gb/s transmit solution for its next-generation test signal generator
(TSG), a critical piece of equipment used to distribute test signals
in broadcast studios. The integrated, single-chip transmit solution
from Gennum enabled Ensemble to deliver 3G design in less than three
months.
- Expanded PCI Express(R) Portfolio with New Bridge for High Data Rate
Embedded Applications - Industry's first highly-integrated, four-lane
PCIe bridge enables broadcast video designers to leverage the full
potential of the PCIe standard with a low cost, turnkey solution, and
speed time-to-market by up to 80 percent.
- Gennum and IDT (Integrated Device Technology) Jointly Demonstrate
High-Performance Embedded PCI Express(R) - Systems designers struggle
to ensure signal integrity across PCIe Gen2 cables and backplanes.
The joint demonstration by Gennum and IDT showcased the PCIe I/O
expansion system using off the shelf components, one of the popular
IDT PCIe Gen2 switching solutions and Gennum's advanced repeater
solution.
- New ActiveConnect(TM) Products Enable Industry's Thinnest, Longest
Reach HDMI Cables - The ActiveConnect GV8502 product is targeted at
consumer cabling applications providing cable manufacturers with a
cost-effective, high-quality semiconductor solution for the design of
their thin HDMI consumer cables.
- ActiveConnect Adopted by Tributaries(R) for Long-Reach HDMI Extender
- Tributaries(R) Cable, a leading supplier of high-value, high-
performance cabling and accessories for custom home audio and home-
theater installation, has deployed a new extender based on the
ActiveConnect solution. Fully compatible with the latest HDMI 1.3
standard, the Tributaries HXMini5 extender can reliably transport
high-definition multimedia interface (HDMI) video with audio more
than 300 feet with no loss of video or AV quality.
- Acquisition of ASIC Architect, Inc. Accelerates Product Development
and Broadens IP Offering - The combination of ASIC Architect
controller and bridge IP cores and the Snowbush Microelectronics IP
PHY cores provides a complete high-speed interconnect solution.
Additionally, with added controller IP and embedded system expertise,
Gennum can more quickly deliver new, highly-integrated products to
capitalize on high-growth consumer connectivity markets, while
further securing market leadership in its traditional video and data
communication segments.
- Completed Sale and Leaseback of Burlington, Canada Headquarters -
Corporate headquarters sold for $13.5 million (CDN) cash to LPF
Realty Office Inc. This transaction enables Gennum to better optimize
its investments and fund more strategic projects that accelerate
company growth and new product development.
RESULTS FROM OPERATIONS
(in millions of U.S. dollars, except earnings per share)
Three Months Ended August 31 Nine Months Ended August 31
2008 2007 % change 2008 2007 % change
-------------------------------------------------------------------------
Revenue 33.5 25.5 31.4 96.6 71.9 34.3
Gross margin 25.6 18.7 36.7 73.3 54.9 33.6
Earnings from
continuing
operations
before income
taxes 9.4 8.8 7.4 26.1 25.3 3.3
As a % of
revenue 28.1 34.4 27.1 35.2
Net earnings
before
discontinued
operations 6.4 5.3 19.2 16.9 15.9 6.0
Net earnings
(loss) from
discontinued
operations - (6.8) n/a 7.6 (19.9) n/a
Net earnings
(loss) 6.4 (1.5) n/a 24.5 (3.9) n/a
Earnings (loss)
per share:
Continuing
operations 0.18 0.15 20.0 0.48 0.45 6.7
Discontinued
operations 0.00 (0.19) n/a 0.21 (0.55) n/a
Net earnings
(loss) per
share* 0.18 (0.04) n/a 0.69 (0.10) n/a
Cash & cash
equivalents 55.1 (1)34.1 61.5 55.1 (1)34.1 61.5
-------------------------------------------------------------------------
* basic and diluted
(1) as of November 30, 2007
Fully diluted earnings per share from continuing operations grew 20%
compared to the third quarter of 2007, driven by strong revenue growth and
gross margins.
Revenue
(in millions of U.S. dollars)
Three Months Ended August 31 Nine Months Ended August 31
2008 2007 % change 2008 2007 % change
-------------------------------------------------------------------------
Analog and
Mixed Signal 26.7 22.8 17.1 75.4 64.3 17.1
Optical 3.5 2.7 31.0 12.8 7.6 68.9
IP Licensing 3.3 - n/a 8.4 - n/a
-------------------------------------------------------------------------
Total Revenue 33.5 25.5 31.4 96.6 71.9 34.3
-------------------------------------------------------------------------
>>
Total revenue for the third quarter of 2008 increased by more than 31% compared to the same period in 2007. For the first nine months of the year, revenue increased by more than 34%, as a result of higher revenue in each of the Analog and Mixed Signal (AMS) and Optical product groups and revenue generated from the acquisition of Snowbush Microelectronics. Compared to the second quarter of 2008, total revenue grew about 2%. This represents the sixth consecutive quarter of sequential revenue growth for the continuing business.
We believe that expansion of our global sales force combined with new product introductions has enabled us to grow in all major geographic regions on a year-over-year basis as revenue in North America, Europe and the Pacific Rim grew by 35%, 40% and 22%, respectively.
Analog & Mixed Signal (AMS) products
Revenue generated from our AMS product group rose 17% to $26.7 million in the third quarter of 2008 compared to the same quarter in the prior year.
Global AMS products revenue from high-definition (HD) products increased by 15% compared to the same quarter in 2007, partly attributable to the continued ramp of our 3 Gigabit per second products. Geographically, total AMS revenue grew by 13%, 39% and 10% in North America, Europe and Japan, respectively, compared to the third quarter of 2007.
On a global basis, sales for standard-definition (SD) products increased slightly in the third quarter of 2008 compared to the same quarter in 2007. Sales are expected to decline over the longer term as studios continue to focus on upgrading their equipment to support HD and multi-standard capabilities. Sales of SD products declined from 18% to 15% of total AMS products revenue in the third quarter of 2008 compared to the same period in 2007.
Clock and data recovery (CDR) sales have generated a 61% increase in revenue compared to the third quarter of 2007 as the market for the XFP optical transceiver continues to grow.
AMS products revenue represented 80% of the total consolidated revenue in the third quarter of 2008 (2007 - 89%). Revenue generated from the HD-SDI (serial digital interface) market represented 64% of the total AMS products revenue in the third quarter of 2008 (2007 - 65%).
On a year-to-date basis, AMS revenue has increased 17% over the prior year. Revenue from HD products is up 19%, while revenue from SD products declined about 10%. Revenue from CDR products is up 70% over the same period in 2007.
Optical products
Revenue generated from the Optical product group was $3.5 million in the third quarter of 2008 compared to $2.7 million in the same quarter in 2007, an increase of 31%. Revenue from optical products fell 14% compared to the second quarter of 2008 due to the completion of a customer project which augmented shipments in the last quarter of 2007 and the first half of 2008. This project leveraged the new SFP+ form factor which has not been broadly deployed yet to the global market, but is expected to gain deeper market traction in 2009. Excluding this special project, the optical products group achieved another quarter of growth and through our early work with lead customers on SFP+ we are well positioned to capitalize on the future growth potential of this technology.
Optical products revenue represented 10% of the total consolidated revenue in the third quarter of 2008 (2007 - 10%). On a year-to-date basis, Optical products revenue increased 69% over the prior year.
The optical component semiconductor supplier environment is experiencing increased competitive pressures, but Gennum continues to see market demand for its TIA, ROSA, and limiting amplifier products.
IP licensing
IP licensing is mainly attributable to revenue associated with the acquisition of Snowbush Microelectronics in October 2007. Revenue of $3.3 million in the third quarter of 2008 represented an increase of 14% from revenue of $2.8 million in the second quarter of 2008. IP revenue is on track to exceed our previously stated expectations of $10 million for 2008, assuming no significant change in the competitive landscape or the related economic environment.
<<
Gross margin
(in millions of U.S. dollars)
Three Months Ended August 31 Nine Months Ended August 31
2008 2007 % change 2008 2007 % change
-------------------------------------------------------------------------
Gross margin 25.6 18.7 36.7 73.3 54.9 33.6
Percentage of
revenue 76.3 73.4 75.9 76.3
-------------------------------------------------------------------------
>>
Gross margin as a percentage of revenue in the third quarter of 2008 was 76.3%, compared to the 2007 third quarter gross margin of 73.4%. For the first nine months of the year, gross margin as a percentage of revenue was 75.9% compared to 76.3% in 2007. We continue to remain in the industry's top tier for gross margin percentage. The cost reduction programs we have in place and an increased mix of IP licensing revenue are expected to help maintain our gross margins and offset market price pressures.
<<
Sales, marketing and administration expenditures
(in millions of U.S. dollars)
Three Months Ended August 31 Nine Months Ended August 31
2008 2007 % change 2008 2007 % change
-------------------------------------------------------------------------
Sales,
marketing and
administration
expense 9.5 5.7 67.1 26.3 16.9 56.1
Percentage of
revenue 28.2 22.2 27.3 23.5
-------------------------------------------------------------------------
>>
Sales, marketing and administration expenditures for the third quarter of 2008 increased by 67.1% compared to the third quarter of 2007. The $3.8 million increase was caused by higher accruals for variable compensation of approximately $1.5 million, the acquisition of Snowbush Microelectronics of $0.3 million and $0.5 million related to the translation of Canadian dollars to U.S. dollars, our reporting currency. The remaining increase represents investments in fundamental activities such as broadening our sales presence, accelerating new product introductions and building capabilities in corporate business development, offset by savings in other areas. The figure for the third quarter of 2008 represents a $0.8 million increase from the second quarter of 2008, mainly due to higher accruals for variable compensation.
On a year-to-date basis, sales, marketing and administration expenditures are up $9.4 million or approximately 56%. The $9.4 million increase was caused by higher accruals for variable and sales compensation of approximately $2.3 million, the acquisition of Snowbush Microelectronics of $0.9 million and $2.7 million related to the translation of Canadian dollars to U.S. dollars. Targeted investments in the development of a broader global sales presence, corporate branding and product collaterals account for the rest of the increase.
<<
Research and development (R&D) expenditures
(in millions of U.S. dollars)
Three Months Ended August 31 Nine Months Ended August 31
2008 2007 % change 2008 2007 % change
-------------------------------------------------------------------------
R&D expense
(gross) 9.4 5.7 64.6 27.4 15.8 73.3
Percentage of
revenue 28.1 22.4 28.4 22.0
-------------------------------------------------------------------------
>>
R&D spending in the third quarter of 2008 was higher compared to the same period in 2007 as we increased our focus around a core portfolio of optical, analog and mixed-signal solutions and increased the R&D spending on new product development. Of the 64.6% increase in R&D expenses, the acquisition of Snowbush Microelectronics, which occurred in October 2007, added $2.3 million to our gross R&D expenditures for the third quarter of 2008 compared to the third quarter of 2007, which reflected no Snowbush Microelectronics expenditures. Higher accruals for variable compensation of approximately $1.3 million compared to the same period last year also contributed to the increase in R&D expenditures and $0.6 million is related to the translation of Canadian dollars to U.S. dollars. During the period, $1.3 million of development cost was capitalized to intangible assets.
In the first nine months of 2008, R&D spending has increased $11.6 million or 73.3%. Of the increase, $6.4 million relates to the acquisition of Snowbush Microelectronics, approximately $1.3 million relates to higher variable compensation accruals, $2.5 million relates to the impact of a stronger Canadian currency and the remainder represents the investment required to support a significant increase in new product introductions in 2008 versus 2007. Year to date, $2.1 million of development costs were capitalized to intangible assets.
<<
Amortization of intangible assets
(in millions of U.S. dollars)
Three Months Ended August 31 Nine Months Ended August 31
2008 2007 % change 2008 2007 % change
-------------------------------------------------------------------------
Amortization
expense 0.5 0.1 n/a 1.3 0.2 n/a
Percentage of
revenue 1.4 0.3 1.4 0.3
-------------------------------------------------------------------------
Amortization expenses in the third quarter and for the first nine months
of 2008 were higher compared to the same periods in 2007 mainly due to the
amortization of intangible assets that were acquired through the Snowbush
Microelectronics acquisition in the fourth quarter of 2007.
Other income (expense)
(in millions of U.S. dollars)
Three Months Ended August 31 Nine Months Ended August 31
2008 2007 % change 2008 2007 % change
-------------------------------------------------------------------------
Other income
(expense) 1.7 0.1 n/a 2.7 (0.7) n/a
Percentage of
revenue 5.0 0.6 2.8 n/a
-------------------------------------------------------------------------
>>
Other income in the third quarter of 2008 was primarily related to a $1.7 million foreign exchange gain (2007 - $0.2 million foreign exchange gain). This gain is mainly due to a $0.1 million loss on foreign exchange contracts and a $1.8 million gain on translation (2007 - $0.5 million gain on foreign exchange contracts and $0.2 million loss on translation). For the first nine months of the year, other income was primarily related to a $2.9 million foreign exchange gain (2007 - $0.5 million foreign exchange loss). The gain is primarily due to a $0.7 million gain on foreign exchange contracts and a $2.2 million gain on translation (2007 - $0.1 million loss on foreign exchange contracts and a $0.6 million loss on translation).
<<
Income taxes
(in millions of U.S. dollars)
Three Months Ended August 31 Nine Months Ended August 31
2008 2007 % change 2008 2007 % change
-------------------------------------------------------------------------
Income taxes 3.0 3.4 (11.1) 9.3 9.4 (1.2)
-------------------------------------------------------------------------
>>
Income taxes for the third quarter of 2008 represented 32.3% of earnings from continuing operations before taxes, compared to 39.0% for the same period in 2007. The reduced percentage in 2008 was mainly due to a tax refund received by our United Kingdom subsidiary and lower statutory tax rates in Canada and the United Kingdom. For the first nine months of the year, income taxes were 35.4% of earnings from continuing operations before taxes, compared to 37.0% for the same period in 2007. The effective tax rate in the first nine months of 2008 was above the statutory tax rate of 33.5% due primarily to the reduction in the Canadian federal corporate income tax rate for the calendar year 2008 from 20.5% to 19.5%, which resulted in a reduction in net future income tax assets and an increase in income tax expense.
<<
Net earnings from continuing operations
(in millions of U.S. dollars, except earnings per share)
Three Months Ended August 31 Nine Months Ended August 31
2008 2007 % change 2008 2007 % change
-------------------------------------------------------------------------
Net earnings
from continuing
operations 6.4 5.3 19.2 16.9 15.9 6.0
Net earnings
from continuing
operations as
% of revenue 19.0 21.0 17.5 22.2
Basic earnings
per share from
continuing
operations 0.18 0.15 20.0 0.48 0.45 6.7
-------------------------------------------------------------------------
In the third quarter of 2008, net earnings from continuing operations was
$6.4 million or $0.18 per share compared with $5.3 million or $0.15 per share
in the third quarter of 2007. The increase in net earnings versus last year
was attributable to strong revenue growth and favourable foreign currency
translation gains.
For the first nine months ended August 31, 2008, net earnings from
continuing operations was $16.9 million or 6% higher than the comparable
period in the prior year.
Discontinued operations, net of tax
(in millions of U.S. dollars, except per share data)
Three Months Ended August 31 Nine Months Ended August 31
2008 2007 % change 2008 2007 % change
-------------------------------------------------------------------------
Falcon(TM) - (0.4) n/a - (1.6) n/a
Headset - (0.6) n/a - (3.1) n/a
Hearing/Mfg. - (4.4) n/a (1.1) (10.7) n/a
VXP(R),
including gain
on sale - (1.4) n/a 8.7 (4.5) n/a
-------------------------------------------------------------------------
Total earnings
(loss) on
discontinued
operations, net
of taxes - (6.8) n/a 7.6 (19.9) n/a
Basic earnings
per share from
discontinued
operations - (0.19) n/a 0.21 (0.55) n/a
-------------------------------------------------------------------------
On February 8, 2008, the Company completed the sale of its VXP(R) Image
Processing business to Sigma Designs for $18.2 million, which resulted in a
pre-tax gain on the sale of $13.8 million. The sale also resulted in the
termination of approximately 30 employees in January 2008. The cost of
severing these employees was approximately $1.3 million and was reflected in
discontinued operations in the first quarter of 2008.
For comparative purposes, the third quarter and year-to-date 2008 and 2007
results from operations, net of tax, for Falcon(TM), Headset, Hearing
Instrument and Manufacturing Operations and VXP(R) Image Processing have been
reclassified to discontinued operations.
Net earnings
(in millions of U.S. dollars except earnings per share)
Three Months Ended August 31 Nine Months Ended August 31
2008 2007 % change 2008 2007 % change
-------------------------------------------------------------------------
Net earnings
(loss) 6.4 (1.5) n/a 24.5 (3.9) n/a
Net earnings
as % of
revenue 19.0 n/a 25.4 n/a
Net earnings
(loss) per
share* 0.18 (0.04) n/a 0.69 (0.10) n/a
-------------------------------------------------------------------------
* basic and diluted
>>
In the third quarter of 2008, net earnings were $6.4 million, or $0.18 per share, compared with a net loss of $1.5 million, or $0.04 per share in the third quarter of 2007. The loss in 2007 was mainly due to the loss on sale of the Hearing Instrument and Manufacturing Operations. Net earnings in the first nine months of the year were significantly higher compared to the same period in 2007 mainly due to improved 2008 results from continuing operations, the gain on the sale of the VXP(R) Image Processing business in the first quarter of 2008 and losses related mainly to the Hearing and Manufacturing operations in 2007.
Quarterly results
The following analysis uses the average historical Canadian to U.S. exchange rate for each quarter to produce revenue, earnings and earnings per share for our continuing and discontinued operations by quarter:
<<
(in millions of U.S. dollars except earnings per share)
Third Quarter Second Quarter First Quarter Fourth Quarter
2008 2007 2008 2007 2008 2007 2007 2006
-------------------------------------------------------------------------
Revenue 33.5 25.5 33.0 23.6 30.1 22.8 29.9 23.5
Net
earnings
from
continuing
operations 6.4 5.3 5.9 4.4 4.6 6.2 4.4 4.6
Net
earnings
per share
from
continuing
operations
basic and
diluted 0.18 0.15 0.17 0.12 0.13 0.17 0.12 0.13
Net
earnings
(loss) per
share on
discontinued
operations
basic and
diluted 0.00 (0.19) (0.03) (0.29) 0.24 (0.07) (0.13) (0.06)
Net
earnings
(loss) per
share
basic and
diluted 0.18 (0.04) 0.14 (0.17) 0.37 0.10 (0.01) 0.07
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Our revenue and net earnings performance fluctuate on a quarterly basis
due to a wide variety of factors.
Changes in reporting - supplemental information
This is the first fiscal year that we have reported as a single segment
and using the U.S. dollar as our reporting currency. The functional currencies
of the Company have not changed. The following information is being provided
to assist in the understanding of these changes.
i) U.S. Dollar Revenue by Product Line (in thousands)
AMS Optical IP Total
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2006 Q1 19,843 928 - 20,771
Q2