.gif)
.gif)
Industry News
February 21, 2013
Vicor Reports Continued Commitment to its Strategy and Organizational Changes
Earlier today, Vicor Corporation provided an update on its expected results for the fourth quarter of 2012 and the first quarter of 2013. On November 26, 2012, the Company stated it expected to report fourth quarter fully diluted earnings at an essentially break-even level. The Company now expects to record a substantial after tax loss, primarily as a result of certain charges recorded for the fourth quarter. Financial results for the three and 12 months ended December 31, 2012, will be released over Marketwire at the close of the NASDAQ Market Session on February 26, 2013.
Recommended: Altera Acquires Enpirion for $140 Million, Forms Power Business Unit
Commenting on the fourth quarter, James A. Simms, Chief Financial Officer stated, "Our earlier expectations of essentially break-even results for the fourth quarter assumed an operating loss would be offset by the previously disclosed gain on the settlement of certain insurance litigation. Our actual operating loss was larger than forecast, and we also recorded several large non-cash charges, including the impairment of goodwill, an increase in reserves for certain inventories of raw materials and components, and a reduction in the carrying value of certain deferred tax assets. Accordingly, we anticipate Vicor will report for the fourth quarter an after tax loss, on a per share basis, of approximately ($0.12) per share. Our final results will be disclosed on February 26th."
Addressing near-term performance, Dr. Patrizio Vinciarelli, Chief Executive Officer stated, "For the fourth quarter, our consolidated bookings declined 27%. We are therefore expecting to record first quarter revenue and earnings sequentially lower than the fourth quarter. Reflecting our near-term demand expectations, we undertook a reduction in force on February 12th, and are monitoring production activity closely, with furloughs of manufacturing personnel within our Brick Business Unit and our VI Chip subsidiary continuing on an as-needed basis.
Related: Eaton and CA Technologies Join to Deliver Infrastructure Management for Data Centers
“As I stated in November, we believe our financial performance may not improve until after new products in which we have made considerable investment begin to contribute to our revenues and earnings. We began introducing these products in 2011, and will have additional new product introductions throughout 2013. Anticipating that these products will have more favorable performance and cost attributes, we remain committed to our strategy and the organizational changes we have made to support this strategy, Dr. Vinciarelli concluded."
Share this story
Send via E-mail
Post to Twitter
On the Web:
White Papers
March 11, 2013
Power Modules for Charger Applications
Sponsored by Vincotech
February 27, 2013
The Adaptive Cell Converter Topology Enables Constant Efficiency Over Universal Input AC Line in Front-End, High-Density Power Factor Correction Applications
Sponsored by Vicor Corp.
February 27, 2013
From 48 V direct to Intel VR12.0: Saving "Big Data" $500,000 per datacenter, per year
Sponsored by Vicor Corp.
More White Papers
- Altera Acquires Enpirion for $140 Million, Forms Power Business Unit
- PowerbyProxi Joins Wireless Power Consortium
- SiC Modules, IGBTs and Super-Junction MOSFETs Introduced on Day One of PCIM
- Ericsson Saves Board Space with Surface-Mount Digital Bus Converter
- SiC and GaN Again a Major Focus at PCIM Europe
- Vincotech and Infineon Introduce New Packaging Options at PCIM Europe
- Bosch Claims First Sub-$450 240V EV Charging Station
- DOE Selects Consortium to Develop Next-Generation Batteries for Automobiles
- Gate Drive Optocouplers for High-Speed SiC FETs Deliver up to 2.5A
- Dana Receives Grant from NRCan to Improve Thermal Management for EV Battery Packs
- Power-One Gets $1 Billion – ABB Gets Inverters
- Renesas Adds IGBT Drivers with Micro-Isolator for Electric and Hybrid Vehicle Inverters
- Bosch Claims First Sub-$450 240V EV Charging Station
- Alpha and Omega Delivers "Lowest" On-Resistance in a DFN5x6 with 150V Power MOSFET
- Microchip Expands 8-bit PIC Microcontroller Family with Intelligent Analog Integration
- 500W Full-Brick DC-DC Converter Optimized for Fuel Cell Applications
- Factory to Produce Lithium-Ion Battery Materials Enabling 10-Year Life and 60,000 Cycles
- Europeans Establish Dueling Projects to Advance Power Electronics Technologies
- 1-Watt DC-DC Achieves 88% Efficiency and has MSL 1 Moisture-Sensitivity Rating
- Alpha and Omega Expands Family of EZBuck Regulators Featuring Constant On-Time Control
- Green Building Power Forum 2010: Fujitsu Components America
- Darnell's Digital Power Forum 2009: CUI Incorporated
- Green Building Power Forum 2010: EMerge Alliance
- Green Building Power Forum 2010: Anderson Power Products
- Green Building Power Forum 2009: Independence Station
- Darnell's Digital Power Forum 2009: Coilcraft
- Darnell's Digital Power Forum 2009: Champs Technologies
- Darnell's Digital Power Forum 2009: EXAR Corporation
- Darnell's Digital Power Forum 2009: PMBus
- Darnell's Digital Power Forum 2009: Power Plaza
Design Features
October 22, 2012
Energy Efficiency with Class D Amplifier Modules
Class-D switching amplifiers are helping audio designers create personal multimedia devices and home audio/visual systems that demonstrate how compact and stylish equipment can also deliver high sound quality and high audio output power. The key to this breakthrough, providing freedom from the large and bulky boxes housing traditional audio products, lies in the class-D amplifier’s high energy efficiency, which is typically around 90%. This allows designers to reduce or eliminate heatsinks as well as using smaller-sized PCBs and smaller components such as transformers, connectors and power supplies.
Design Features
October 8, 2012
The Role of Hall Effect Sensors in Power Distribution Infrastructure
Power distribution units (PDUs) form an essential part of modern computing and data communications hardware. They provide multiple outputs for transferring electrical power with maximum efficiency, controlling the power capacity and safeguarding against the possible causes of supply interruption. With an ever increasing need from tech savvy consumers for higher data throughput and greater quantities of data storage capacity, as well as tough international legislation now governing CO&sub2; emissions, the demands being placed on these units are proving challenging for engineering teams to satisfy.
Product Focus
August 13, 2012
The Year in AC-DC Power Supply Technology
The past year witnessed significant new product releases, technological developments, and industry news related to the field of AC-DC Power Supply technology.