Tech Hardware Supply Chain - Gazhoo

Bhavin Shah
(852) 2800-8538
bhavin.a.shah@jpmorgan.com
410
Xilinx
Company Description:
Xilinx, Inc. designs, develops, and markets complete programmable logic solutions. The company's solutions
include advanced integrated circuits, software design tools, predefined system functions delivered as cores of
logic, and field engineering support. Xilinx sells its products through several channels of distribution to
customers in the United States and overseas.
Country: United States
Ticker: XLNX
Analyst: Christopher Danely
Rating: Neutral
Price (US$): 19.11
Market Cap (US$MM): 5,238
No. of Shares (MM): 274
Founded: 1984; Listed: 1990 Fiscal Year End: March
Key Management: Moshe Gavrielov; Willem P Roelandts; Jon A Olson No. of Employees: 3,415
Business Alliances/Partnerships (US$ in millions) FY07 FY08 FY09E FY10E
NA Revenues 1,843 1,841 1,815 1,540
Gross Profit 1,124 1,154 1,150 963
Operating Profit 358 431 443 278
Net Profit 353 374 353 205
Earnings per Share (US$) 1.0 1.27 1.28 0.75
Return on Equity (%) 19.9 22.4 17.5 11.1
Capital Spending (65) (46) (56) (62)
Research & Development Expenses 388 358 356 358
Cash & Cash Equivalents 1,138 1,296 1,761 1,578
Gross Debt 1,000 1,000 760 760
Owners’ Equity 1,773 1,672 2,018 1,844
Book Value per Share (US$) 5.4 5.8 7.3 6.7
Geographical Mix (2008)
NA
Europe
22%
Key Suppliers
Japan
10%
Asia
29%
North America
39%
Source: Company, J.P. Morgan estimates. Share price is as of 12 March 2009.
Asia Pacific Equity Research
20 April 2009
Xilinx
Product Mix (2008)
Logic
Semiconductors
100%
Key Customers
The Memec group Avnet
COMPANY WEBSITE IC Fabless