DALLAS, Dec. 2, 2009 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring GSI Technology Inc. (Nasdaq:GSIT). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The investment report on GSI Technology Inc. should be of particular interest to other technology manufacturers: Texas Instruments Inc., STMicroelectronics NV. and NEC Corp.
It is available at: http://www.beaconequity.com/i/GSIT
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GSI Technology Inc. (GSIT) develops and markets static random access memory (SRAM) products that are incorporated primarily in networking and telecommunications equipment, such as routers, switches, wide area network infrastructure equipment, wireless base stations and network access equipment. In addition, the Company serves the needs of the military, industrial, test equipment and medical markets for SRAMs.
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In the report, the analyst notes:
"GSIT reported its 24th consecutive quarter of profitability with net income of $2.4 million, or $0.09 per diluted share, on net revenues of $14.7 million in its second fiscal quarter ended September 30, 2009. In the second quarter of fiscal 2009, the Company earned $3.6 million, or $0.12 per diluted share, on net revenues of $17.1 million.
"The Company received the first silicon on two new 65-nanometer products in the second quarter, which it believes will help it maintain its leadership position in the SRAM market. The second new product, the Company's third generation SigmaQuad has already been designed into the next generation service router of one of the Company's largest customers."
To read the entire report visit: http://www.beaconequity.com/i/GSIT
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