SAN JOSE, Calif.-VLSI Technology Inc. reported fourth-quarter revenues of $137.9 million, an
increase of 5.4 percent from third-quarter 1998, revenues of $130.8 million and a decrease of 28.5 percent from the
$193 million reported for the same quarter a year before.
Net income for the quarter was $14.8 million, or 31 cents
per share, which included a gain of $22.4 million associated with the sale of a portion of the company’s shares in ARM
Holdings Ltd.
Net income for fourth quarter 1997, was $22 million, or 45 cents per share.
“We believe that
the business outlook for the semiconductor sector will show steady improvement over the next two years,” said
Alfred J. Stein, VLSI chairman and chief executive officer.
