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Analysts high on Xilinx amid margin concern
Dylan McGrath, EETimes
7/21/2011 1:55 PM EDT
SAN FRANCISCO—Analysts remained mostly bullish on programmable logic vendor Xilinx Inc. following the company's earnings report Wednesday (July 20) despite some concerns about the company's declining gross margins.
"We came away from the earnings call more positive than the numerical results and guidance reflect, as we believe gross margins are on track to rapidly recover and there is ample runway on improving gross margins and op-ex by optimizing business practices (i.e. tiered volume pricing) in upcoming quarters and years," wrote Ian Ing, an analyst with Gleacher and Co., in a report circulated Thursday.
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