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Standard Pacific Corp. posts increased fourth-quarter revenue and earnings, in Earnings

Irvine-based Standard Pacific Corp. reported earnings of $41.0 million on revenue of $501.8 million for the fourth quarter ended Dec. 31, compared with earnings of $21.3 million on revenue of $378.1 million in the fourth quarter of 1999. For the year, the company posted earnings of $100.1 million on revenue of $1.32 billion, compared with earnings of $68.0 million on revenue of $1.20 billion in 1999.

Conexant Systems Inc., Newport Beach, reported a pro forma net loss of $57.4 million on revenue of $410.4 million for its fiscal first quarter ended Dec. 31, compared with pro forma net income of $53.3 million on revenue of $510.0 million in its previous first quarter. Pro forma net income excludes one-time, mostly non-cash charges; including those, the firm posted a net loss of $199.6 million.

Broadcom Corp., Irvine, reported pro forma net income of $86.7 million on revenue of $376.1 million for the fourth quarter ended Dec. 31, compared with pro forma net income of $32.0 million on revenue of $162.0 million in the fourth quarter of 1999. Pro forma net income excludes acquisition-related non-cash charges and some option-related charges; including those, the firm posted a net loss of $768.6 million in the recent quarter. For the year, Broadcom posted pro forma net income of $271.4 million on revenue of $1.1 billion, compared with pro forma net income of $99.8 million on revenue of $521.2 million in 1999. Including all charges, the firm reported a net loss of $693.4 million for 2000.

Irvine-based Westcorp reported earnings of $19.0 million on revenue of $227.2 million for the fourth quarter ended Dec. 31, compared with earnings of $15.5 million on revenue of $129.1 million for the fourth quarter of 1999. For the year, the company reported earnings of $74.7 million on revenue of $761.5 million, compared with earnings of $52.6 million on revenue of $507.6 million for 1999.

Newport Beach-based Downey Financial Corp. reported earnings of $23.0 million on revenue of $217.3 million for the quarter ended Dec. 31, compared with earnings of $19.8 million on revenue of $179.6 million for the fourth quarter of 1999. For the year, the company reported earnings of $99.3 million on revenue of $834.9 million, compared with earnings of $62.8 million on revenue of $593.0 million in 1999.

Intersil Corp., Irvine, reported a net loss of $12.1 million (including a one-time charge of $5.6 million for extinguishment of debt) on revenue of $216.8 million for its fiscal second quarter ended Dec. 29, compared with a net loss of $1.7 million on revenue of $158.2 million in its previous second quarter. For the six-month period, the company posted earnings of $7.0 million (including $6.1 million in one-time charges) on revenue of $435.5 million, compared with a net loss of $24.9 million on revenue of $292.1 million in the prior-year period.

Powerwave Technologies Inc., Irvine, posted earnings of $12.4 million on revenue of $121.2 million for the fourth quarter ended Dec. 31, compared with earnings of $8.4 million on revenue of $91.1 million in the fourth quarter of 1999. For the year, the company reported earnings of $45.7 million on revenue of $447.4 million, compared with earnings of $20.3 million on revenue of $292.5 million in 1999.

QLogic Corp., Aliso Viejo, reported earnings of $25.2 million on revenue of $97.2 million for its fiscal third quarter ended Dec. 31, compared with earnings of $14.4 million on revenue of $56.4 million in its previous third quarter. For the nine-month period, the firm posted earnings of $43.5 million on revenue of $262.2 million, compared with earnings of $36.8 million on revenue of $152.1 million in the prior-year period.

Emulex Corp., Costa Mesa, reported earnings of $19.4 million on revenue of $91.1 million for its fiscal second quarter ended Dec. 31, compared with earnings of $8.8 million on revenue of $33.6 million in its previous second quarter. For the six-month period, the company posted earnings of $32.2 million on revenue of $126.5 million, compared with earnings of $15.6 million on revenue of $62.5 million in the prior-year period.

Microsemi Corp., Santa Ana, posted earnings of $4.6 million on revenue of $63.0 million for its fiscal first quarter ended Dec. 31, compared with earnings of $1.3 million on revenue of $51.1 million in its previous first quarter.

FileNET Corp., Costa Mesa, reported earnings of $14.8 million on revenue of $57.1 million for the fourth quarter ended Dec. 31, compared with earnings of $9.1 million on revenue of $49.6 million in the previous fourth quarter. For the year, the company posted earnings of $38.5 million on revenue of $204.8 million, compared with earnings of $19.7 million on revenue of $183.3 million in 1999.

Printronix Inc., Irvine, posted a net loss of $0.4 million on revenue of $40.4 million for its fiscal third quarter ended Dec. 29, compared with earnings of $3.4 million on revenue of $51.7 million in its previous third quarter. For the nine-month period, the company reported a net loss of $1.4 million on revenue of $121.5 million, compared with earnings of $8.0 million on revenue of $141.9 million in the prior-year period.

Brea-based Pacific Western National Bank reported earnings of $0.7 million on revenue of $4.7 million for the fourth quarter, compared with earnings of $516,000 on revenue of $3.7 million for the fourth quarter of 1999. For the year, the company reported earnings of $2.1 million on revenue of $17.5 million, compared with earnings of $1.6 million on revenue of $13.3 million for 1999.

Santa Ana-based Amplicon Inc. reported earnings of $3.6 million on revenue of $15.9 million for its fiscal second quarter ended Dec. 31, compared with earnings of $5.3 million on revenue of $20.3 million for its previous second quarter. For the six-month period, the company reported earnings of $7.6 million on revenue of $31.6 million, compared with earnings of $9.6 million on revenue of $34.8 million for the year-ago period.

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