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Tuesday, May 20, 2008

Intersil (ISIL) sees business pretty much in line

They indicated bookings about as expected for Q2 and that gross margins are flitting between 57 and 58% and will for the foreseeable future as cost reductions are planned but happening slower. Gross margins are expected to be 57.2 - 57.8% for the next 3 quarters so it doesn't look like their guidance is off relative to the street.

They'd rather be an acquirer than an acquireree. They're surprised there wasn't more consolidation in the last 6 months (me too) when valuations came in so much. They hear there's some deals close in the space out there but didn't cite any examples (damn rumor unmongerers.)

Boring but stable.

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