Conexant Systems Inc., Newport Beach, reported a net loss of $53.3 million (including acquisition-related charges totaling $104.9 million net) on revenue of $530.5 million for the second quarter ended June 30, compared with earnings of $24.4 million on revenue of $380.3 million in the second quarter of 1999. For the six-month period, the company posted a net loss of $133.8 million (including a net $285.8 million in acquisition-related charges) on revenue of $1.54 billion, compared with a net loss of $25.1 million (including a net $9.1 million in acquisition-related charges) on revenue of $991.9 million in the prior-year period.
Broadcom Corp., Irvine, reported earnings of $55.9 million (including a one-time $1.8 million acquisition-related charge) on revenue of $245.2 million for the second quarter ended June 30, compared with earnings of $0.2 million (including one-time litigation and acquisition-related charges totaling $28.2 million) on revenue of $119.5 million in the second quarter of 1999. For the six-month period, the company posted earnings of $94.5 million (including the charge) on revenue of $436.8 million, compared with earnings of $14.9 million (including the charges) on revenue of $219.7 million in the prior-year period.
Downey Financial Corp., Newport Beach, reported earnings of $22.5 million on revenue of $202.2 million for the second quarter ended June 30, compared with earnings of $15.1 million on revenue of $135.5 million for the second quarter of 1999. For the first six months, the company reported earnings of $49.9 million revenue of $401.1 million, compared with earnings of $27.4 million on revenue of $260.7 million for the same period in 1999.
Westcorp, Irvine, reported net income of $17.6 million on revenue of $171.7 million for the second quarter ended June 30, compared with earnings of $12.8 million on revenue of $122.7 million for the 1999 second quarter. The company reported earnings of $37.6 million on revenue of $328.4 million for the six months ended June 30, compared with earnings of $22.1 million on revenue of $242.4 million for the same period in 1999.
Powerwave Technologies Inc., Irvine, reported earnings of $11.4 million on revenue of $110.5 million for the second quarter ended July 2, compared with earnings of $4.2 million on revenue of $68.5 million in the previous second quarter. For the six-month period, the company posted earnings of $21.7 million on revenue of $214.3 million, compared with earnings of $6.3 million on revenue of $123.5 million in the prior-year period.
Oakley Inc., Foothill Ranch, reported earnings of $18.5 million on revenue of $100.0 million in the second quarter ended June 30, compared with earnings of $10.6 million on revenue of $72.1 million in the second quarter of 1999. For the six-month period, the company reported earnings of $23.9 on revenue of $163.9 million, compared with earnings of $12.0 million on revenue of $120.8 million in the 1999 period.
FileNet Corp., Costa Mesa, posted earnings of $7.0 million on revenue of $97.1 million for the second quarter ended June 30, compared with earnings of $3.9 million on revenue of $86.1 million in the second quarter of 1999. For first six months of the year, the company reported earnings of $13.5 million on revenue of $187.9 million, compared with earnings of $5.9 million on revenue of $167.5 million in the 1999 period.
QLogic Corp., Aliso Viejo, reported earnings of $21.1 million on revenue of $68.3 million for the fiscal first quarter ended July 2, compared with earnings of $11.5 million on revenue of $43.2 million in the prior first quarter.
