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pplied Micro Circuits CorporSelected Q4 Highlights
* Q4 net revenues of $67.0 million; fiscal 2006 net revenues of $261.8 million
* Q4 GAAP net loss of $138.3 million or $(0.47) per share, after recording a nonrecurring goodwill impairment charge of $131.2 million and a $7.7 million restructuring charge
* Q4 non-GAAP net income improved to $6.0 million or $0.02 per share; Q4 non-GAAP net operating margin measured as a percentage of revenue doubled to 5.6% from 2.8% in the prior quarter
* Q4 quarterly revenues in the focus areas of Process, Transport and Store grew 6% sequentially; non-focus revenues declined 13% sequentially; overall revenues grew nearly 3% sequentially
* Launched major initiative to develop a high performance processor core optimized for the needs of the converged network
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LEUVEN, Belgium--(BUSINESS WIRE)--April 26, 2006--IMEC, Europe's leading independent research institute for nanoelectronics and nanotechnology, confirms during its General Assembly a sustained annual increase in revenues since its foundation in 1984. IMEC's performance criteria have increased year over year, giving the Belgian-based research institute points in a year when the frame agreement with the government of Flanders will be renewed. The Flemish government accounts for 18% of the financing for IMEC's research activities.
With a total self-generated revenue of 162 million euro, IMEC's annual budget has increased with a firm 23% as compared to 2004. The total budget is now 197 million euro. The rise primarily results from an increase in revenue from contract research with the international industry. For one of its core activities, research on IC process technologies for the sub-45nm generation, IMEC collaborates with eight of the top ten IC manufacturers in the world and other organizations. Besides self-generated revenue, IMEC receives an annual grant from the government of Flanders amounting to 35 million euro. This grant is indispensable in sustaining IMEC's long-term research.
The revenues from contract research were generated through collaboration with local industry (22%) as well as with international industry (68%), through projects of the European Commission (8%) and the European Space Agency (2%). In 2005, more than 550 partners worked with IMEC through a bilateral collaboration, while more than 600 were involved in European projects where IMEC acts as a partner. Additionally, IMEC collaborated with 139 Flemish partners. The quality of IMEC's research was presented in the 1521 scientific papers and conference contributions that IMEC published, often achieved in collaboration with Flemish universities.
"These results prove that the hard work of 2005 has certainly paid rich rewards, both technologically and financially," said Gilbert Declerck, President and CEO of IMEC. "Currently, we are discussing our new business plan for the coming 5 years with the Flemish Government. In this plan, we are highlighting the importance of multi-disciplinary research, heterogeneous technologies, and integration because our future well-being will be marked by a strong synergy of disciplines. By strengthening our 'More-than-(Gordon) Moore' research and our 'More-Moore' research, we are prepared to build this future."

MANHASSET, N.Y. — Two Danish PhD students have joined with another university’s nanoscience center to deliver stamps for nanoimprint lithography (NIL), which will be used in life science research.
The stamps make it possible to print and mass-produce structures below 20 nm with very high quality across large areas.
The company, called NIL Technology, was founded by two PhD students from Technical University of Denmark (DTU). NIL has entered into an agreement with the Interdisciplinary Nanoscience Center at the University of Aarhus and Aalborg University (iNANO).
The order, to be delivered in May, marks the first after NIL’s founding, said co-founder and CEO Theodor Nielsen: "It shows that, already today, there is a demand for our products. It is a very important milestone we have reached after only three months."
Currently, NIL Technology is financed with seed capital and is preparing for a second financing round. NIL is one of 50 companies slated to present at the Nanotech Venture fair in Boston May 7 to 12. "Although it is not expected that nanoimprint lithography will be used in the semiconductor industry until 2013, according to the International Technology Roadmap for Semiconductors, I estimate it is very likely that our technology will be used for large-volume fabrication of end user products within 18 to 24 months," said co-founder and CTO Brian Bilenberg.

Please use the following link to view the entire release including financial statements:
http://hugin.info/132090/R/1047229/172147.pdf

· First quarter of 2006 net sales of € 206.5 million, up 53% from the first quarter of 2005 and down 12% from the fourth quarter of 2005.

· After charges for impairment and restructuring of € 5.4 million, net earnings of the first quarter of 2006 was € 2.6 million or € 0.05 diluted net earnings per share, as compared to a net loss of € 7.2 million or € 0.14 diluted net loss per share for the first quarter of 2005 and a net loss of € 27.2 million or € 0.52 diluted net loss per share (after charges for impairment and restructuring of € 43.8 million) for the fourth quarter of 2005

PORTLAND, Ore. — Intel GmbH has opened an R&D center in Braunschweig, Germany, complementing its manufacturing operations there. Focusing on the company’s Tera-Scale Computing Research program, the Intel Germany Research Center’s 100 engineers and technicians will integrate hundreds of processor cores with parallel-processing software to propel microprocessors to teraflops performance while lowering power requirements.
“Our researchers and engineers in Braunschweig will help us deliver platforms that are more capable, powerful and energy-efficient," said Intel chief technology officer Justin Rattner. "Their expertise will play a central role in our plans for multicore processor architectures."
The research center will work on projects designed to bear commercial fruit five to 10 years down the road, Rattner said. The center will also cooperate with the nearby Technical University of Braunschweig.
Intel's Braunschweig location was already its largest chip research center operation in Europe, specializing in the development and marketing of optical communications components. The chips designed there to date house as many as 100 million transistors and handle data streams running at up to 10 Gbits/second.

First quarter revenues of $2.36 billion grew 13.5% year over year and decreased 1.1% sequentially.
- Net income per diluted share was $0.14 for the first quarter compared to $ -0.03 in the year ago quarter.
- Net operating cash flow was $187 million in the quarter.
GENEVA, April 25 /PRNewswire-FirstCall/ -- STMicroelectronics (NYSE:STM) reported financial results for the first quarter ended April 1, 2006.
Revenues, Gross Profit, and Margin Review
Net revenues for the first quarter were $2,364 million, 13.5% above the $2,083 million reported in last year's first quarter. This year-over-year growth was driven by double-digit sales increases in automotive and wireless applications. Wireless revenues grew over 40% compared to the year-ago quarter. Sequentially, net revenues declined 1.1% from the $2,389 million reported in the prior quarter. Sequential sales performance was driven by growth in automotive and digital consumer applications. In addition wireless application revenues, while lower sequentially, experienced less seasonality than originally expected.