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Yahoo BusinessOct 21, 2020
Xilinx Profit Tops Estimates, Sees Return to Growth
(Bloomberg) -- Xilinx Inc., the chipmaker in takeover talks with Advanced Micro Devices Inc., reported earnings that beat Wall Street estimates and said revenue will start rowing again in the current period.Sales will be $750 million to $800 million in the three months ending in December, the San Jose, California-based company said. Revenue even at the low end of the forecast would represent the company's first quarter of year-over-year growth in five such periods. Analysts on average projected $774 million.Xilinx Chief Executive Officer Victor Peng is trying to spread the use of his company's products into new areas such as data centers while combating the impact of disappearing sales to Huawei Technologies Co. and the global pandemic. The company is also negotiating a possible takeover by AMD, according to people familiar with the matter. Xilinx executives, speaking on a conference call, declined to discuss the potential deal.The chipmaker is confident the effort to push into data centers can sustain double-digit growth, even if orders are "choppy," Peng said. Xilinx reported that data center sales were up 30% in the fiscal second quarter and now account for 14% of the company's total revenue. "The data center market is being disrupted and we offer a lot of value," he said in an interview.While Xilinx sales come primarily from industrial and communications equipment makers, it's carving out a new niche in supplying owners of large data centers who use the chips to accelerate certain workloads. Its field programmabl

MarketWatch MarketPulseOct 21, 2020
Caliber Home Loans to offer 23 million shares in IPO, priced at $14 to $16 each
Caliber Home Loans Inc. set terms for its initial public offering on Wednesday, with plans to offer 23 million shares priced at $14 to $16 each. The company has applied to list on the New York Stock Exchange, under the ticker "HOMS." There are 13 banks underwriting the deal, led by Credit Suisse, Goldman Sachs and Barclays. Proceeds of the deal will go to the selling shareholders. "We are a proven leader in the U.S. mortgage market with a uniquely diversified, customer-centric, purchase-focused platform," the company says in its prospectus.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


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