Avago Technologies Limited (NASDAQ:AVGO) has released the fourth quarter and fiscal year earnings for 2009. The company reported net revenue of $428 million, 18% higher than the previous quarter, but down 4% from the same quarter of the previous year. Its gross margin was recorded as $178 million, 41.6% of the net revenue. The full financial report is available on the investors portion of the company’s website, avagotech.com. A webcast of a conference call reviewing the results is also available on the site.
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Avago will participate in the Morgan Stanley Technology Conference in San Francisco March 1-4, 2010. More information regarding the event will be released at a later date.
Avago Technologies Limited is a designer, developer and global supplier of a range of analog semiconductor devices with a focus on III-V-based products. The Company’s product portfolio includes approximately 7,000 products in four primary target markets: industrial and automotive electronics, wired infrastructure, wireless communications, and consumer and computing peripherals. Applications for its products in these target markets include cellular phones, consumer appliances, data networking and telecommunications equipment, enterprise storage and servers, factory automation, displays, optical mice and printers. Avago Technologies Limited’s locations include two design centers in the United States, four in Asia and three in Europe. The Company has developed a portfolio of intellectual property that includes more than 5,000 United States and foreign patents and patent applications.
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