At a glance, the financial performance of Atheros Communications (ATHR-$28.90) suggests the wireless chipset provider is weathering the downturn well, due to increasing acceptance for both newer 802.11 products (a set of standards carrying out WLAN computer communication in the 2.4, 3.6, and 5 GHz frequency bands) and its Ethernet solutions. A one-time income tax benefit, however, boosted net income from 11 percent (of net sales) to 25 percent, up from seven percent last year, according to the 10Q regulatory filing with the SEC.
Chief executive officer Craig Barratt boasts the the strength and diversity of the company’s products will enable Atheros to thrive in coming quarters. Could his ringing optimism have anything to do with personal interests to get the Board to revisit his annual base salary, which the Compensation Committee cut in February by 40 percent to $204,000?
Read More at BNET Technology Industries….
Editor David J Phillips does not hold a financial interest in any stocks mentioned n this article. The 10Q Detective has a Full Disclosure Policy.
Chief executive officer Craig Barratt boasts the the strength and diversity of the company’s products will enable Atheros to thrive in coming quarters. Could his ringing optimism have anything to do with personal interests to get the Board to revisit his annual base salary, which the Compensation Committee cut in February by 40 percent to $204,000?
Read More at BNET Technology Industries….
Editor David J Phillips does not hold a financial interest in any stocks mentioned n this article. The 10Q Detective has a Full Disclosure Policy.
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