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DS CORPORATE INFORMATION
CORPORATE PROFILE JANUARY 2000
Page 1
Business
Overview
Dallas Semiconductor designs,
manufactures and markets a broad
line of mixed-signal, specialty
semiconductors.
The Company combines proprietary
fab and circuit technologies to create
innovative products that are sold to
over 15,000 customers worldwide.
Markets served include broadband
telecommunications, wireless
handsets, cellular base stations,
secure Internet communications,
networking, servers, data storage and
a wide variety of industrial equipment.
Quarterly Net Sales
$
108
M
$
8
M
‘87
‘88
‘89
‘90
‘91
‘92
‘93
‘94
‘95
‘96
‘97
‘98
‘99
Quarterly Net Income
$
19.5
M
Markets and Customers
Dallas Semicondcutor serves mul-
tiple markets, including many of the
world's leading electronic equipment
manufacturers. The Company's
largest customer is less than 10% of
total sales and the top 25 customers
accounts for approximately 30% of
total sales.
Adaptec
ADC Telecommunications
Adtran
Allen Bradley
Cisco
Dell
EMC
Ericsson
Hewlett Packard
IBM
Intel
Lucent
Motorola
Nortel
Siemens
Sony
$
0.7
M
‘87
‘88
‘89
‘90
‘91
‘92
‘93
‘94
‘95
‘96
‘97
‘98
‘99
Geographic Balance
US OEM
21%
Europe
18%
US Dist
34%
Asia
27%
Broad Customer Base 1999
Lucent Technologies
Bell Labs Innovations
Diverse Markets
Communications
T1/E1 land lines
Wireless
5.7
%
Computing,
Data Storage
including batt. packs
Networking
E-commerce
0.3
%
Industrial
DS CORPORATE INFORMATION
CORPORATE PROFILE JANUARY 2000
Page 2
Product Strategy
Dallas Semiconductor has
introduced 361proprietary base
products which are organized into
product categories
sharing common
technologies, markets or applications.
A constant stream of new
products having relatively
long
product life cycles
has supported the
Company's growth.
1999 Revenues: $392 M
COMMUNICATIONS
1-WIRE AND
NETWORK
COMPUTING
MIXED SIGNAL
Manufacturing & Technology
Dallas Semiconductor
manufactures its own low-power
CMOS chips. The
wafer fabrication
facility, located in Dallas,
processes six-inch wafers with
geometries down to 0.35 micron and
has been a reliable, low cost source
of manufactured silicon since it began
production in 1987. A major fab
facility expansion was completed in
1994. A separate bump fabrication
facility was completed in the first
quarter of 1999 to package the
Companys new and proprietary 1-Wire
TM
chips in a Chip-Scale Package.
Sales by Year of Introduction
$
392
M
’99
’98
’97
’96
’95
’94
’93
’92
’91
’90
’89
’88
’87
’86
’85
’84
’84 ’85 ’86 ’87 ’88 ’89 ’90 ’91 ’92 ’93 ’94 ’95 ’96 ’97 ’98 ’99
x
Combining
lithium energy cells
with low-
power CMOS chips can power them for the
useful life of the equipment.
Direct laser trimming
is available to enhance
chip capabilities with higher levels of precision
and / or unique identities.
Special
packaging
gives
improved
functionality
to silicon
chips.
x
Module and surface mount assembly
operations and test facilities finalize
products for shipment to
customers. In addition to unique
circuit designs,
advanced
technologies
give many of the
Company's products a
competitive edge over traditional
approaches to semiconductors.
x
DS CORPORATE INFORMATION
FINANCIAL DATA SHEETS JANUARY 2000
Page 3
(UNAUDITED)
Sales by Product Group
(Dollars in millions)
COMMUNICATIONS
1-WIRE / NETWORK COMPUTING
MIXED SIGNAL
TOTAL COMPANY
1984
$0.0
0.0
0.0
$0.0
1985
$0.0
0.0
2.8
$2.8
1986
$0.0
0.4
12.8
$13.2
1987
$0.8
1.2
28.7
$30.7
1988
$2.0
3.1
53.0
$58.1
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
$2.6
$4.6
$6.4
$6.5 $12.0 $16.3 $20.8 $26.8 $40.4 $46.9 $68.2
4.9
6.1
8.9
13.3
20.1
27.8
38.8
50.6
73.7
79.5
90.9
74.7
89.3
88.5 100.4 124.8 137.3 173.7 211.0 254.1 216.2 233.3
$82.2 $100.0 $103.8 $120.2 $156.9 $181.4 $233.3 $288.4 $368.2 $342.6 $392.4
COMMUNICATIONS
1-WIRE / NETWORK COMPUTING
MIXED SIGNAL
TOTAL COMPANY
Q1
$9.7
20.6
57.2
$87.5
Q2
$13.0
21.1
52.9
$87.0
Q3
$12.5
19.0
51.6
$83.1
1998
Q4
YR
$11.7 $46.9
18.8
79.5
54.5 216.2
$85.0 $342.6
Q1
$13.2
20.5
54.9
$88.6
1999
Q2
Q3
Q4
YR
$14.7 $17.3 $23.0
$68.2
21.8
23.4
25.2
90.9
57.5
60.9
60.0
233.3
$94.0 $101.6 $108.2
$392.4
1999 vs. 1998
$delta %delta
$21.3
45%
11.4
14%
17.1
8%
$49.8
15%
Sales by Product Group
$392
M
$400
$300
Communications
1-Wire
TM
& Network Computing
Mixed Signal
$200
$100
’84 ’85 ’86 ’87 ’88 ’89 ’90 ’91 ’92 ’93 ’94 ’95 ’96 ’97 ’98 ’99
DS CORPORATE INFORMATION
FINANCIAL DATA SHEETS JANUARY 2000
Page 4
(UNAUDITED)
Selected Financial Data
(Dollars in millions, except per share amounts)
All of the share and per share amounts have been adjusted to
reflect the February 7, 2000 two-for-one stock split.
Q197
Net sales.........................………….
Sequential growth...........…………
Year-to-year growth............……..
Cost of Sales......................…………
Gross profit........................…………
R&D................................……………
SG&A................................…………
Operating income …………..........
Interest income (net)...........………
PBT&EI's...........................…………
Taxes...............................……………
Net income …….................……….
Sequential growth.........................
Year-to-year growth............………
Tax rate………………………………
EPS, diluted....................................
$88.7
10%
35%
44.8
43.9
10.9
12.7
20.3
0.9
21.2
6.8
$14.4
38%
43%
32.2%
$0.25
Q297
$91.0
3%
29%
44.6
46.4
11.5
13.4
21.5
1.1
22.6
7.3
$15.3
7%
52%
32.3%
$0.26
Q397
$93.1
2%
29%
44.7
48.4
11.5
13.6
23.3
1.3
24.6
7.7
$16.9
10%
117%
31.3%
$0.29
Q497
$95.4
2%
19%
44.3
51.1
12.2
14.1
24.8
1.3
26.1
8.2
$17.9
6%
72%
31.0%
$0.30
Q198
$87.5
-8%
-1%
41.5
46.0
12.6
14.7
18.7
1.2
19.9
6.4
$13.5
-25%
-6%
32.0%
$0.23
Q298
$87.0
-1%
-4%
41.3
45.7
11.8
14.6
19.3
1.3
20.6
6.6
$14.0
4%
-9%
32.0%
$0.24
Q398
$83.1
-4%
-11%
39.4
43.7
11.4
13.7
18.6
1.1
19.7
6.3
$13.4
-5%
-21%
32.0%
$0.22
Q498
$85.0
2%
-11%
40.1
44.9
11.7
13.6
19.6
1.6
21.2
6.7
$14.5
8%
-19%
31.5%
$0.24
Q199
$88.6
4%
1%
42.4
46.2
11.7
14.1
20.4
1.7
22.1
6.9
$15.2
5%
12%
31.2%
$0.25
Q299
$94.0
6%
8%
45.2
48.8
12.4
14.8
21.6
1.6
23.3
7.3
$16.0
6%
14%
31.2%
$0.26
Q399
$101.6
8%
22%
49.0
52.6
12.8
15.8
24.0
1.7
25.7
8.0
$17.7
10%
32%
31.2%
$0.29
Q499
$108.2
6%
27%
52.0
56.2
13.5
16.6
26.1
2.6
28.7
9.2
$19.5
10%
34%
32.0%
$0.31
Shares used to calculate
net income per share
Gross margin....................…………
R&D % of sales..............................
SG&A % of sales............................
Pretax margins..................…………
Net income as a % of sales..........
Inventories..........................………
Inventory days..............................
Capital expenditures.............……
Depreciation expense...................
Cash balance....................…………
Shareholders equity.............………
Annualized ROE.............................
Bookings ……………………………
Book-to-bill ratio........................
57,516
58,964
59,316
59,854
60,020
59,678
59,512
60,446
60,762
61,554
61,986
62,768
49.5%
12.3%
14.3%
23.9%
16.2%
$51.7
105
$9.3
$8.4
$91.4
$290.4
20.4%
$96.0
1.08
51.0%
12.6%
14.7%
23.6%
24.8%
16.8%
$55.1
113
$8.9
$8.6
$98.0
$312.9
20.3%
$92.4
1.02
52.0%
12.4%
14.6%
25.0%
26.4%
18.2%
$57.3
117
$10.0
$9.1
$111.0
$329.8
21.0%
$90.7
0.97
53.6%
12.8%
14.8%
26.0%
27.4%
18.8%
$59.1
122
$30.5
$9.7
$114.6
$351.1
21.1%
$93.2
0.98
52.6%
14.4%
16.8%
21.4%
22.7%
15.4%
$65.9
145
$30.4
$10.3
$108.6
$372.3
14.9%
$88.5
1.01
52.5%
13.6%
16.8%
22.2%
23.7%
16.1%
$66.6
147
$14.1
$10.9
$111.0
$385.7
14.8%
$85.2
0.98
52.6%
13.7%
16.5%
22.4%
23.7%
16.1%
$69.8
162
$20.2
$11.3
$122.7
$399.0
13.6%
$83.3
1.00
52.8%
13.8%
16.0%
23.1%
24.9%
17.1%
$72.4
165
$11.2
$11.3
$128.0
$414.8
14.3%
$82.4
0.97
52.1%
13.2%
15.9%
23.0%
24.9%
17.1%
$73.7
159
$13.4
$12.0
$136.4
$429.5
14.4%
$88.2
1.00
51.9%
13.2%
15.7%
23.0%
24.8%
17.0%
$78.5
158
$11.4
$12.3
$154.7
$449.4
14.6%
$96.6
1.03
51.8%
12.6%
15.6%
23.6%
25.3%
17.4%
$74.7
139
$15.1
$12.7
$177.6
$471.5
15.4%
$114.4
1.13
51.9%
12.5%
15.3%
24.1%
26.4%
18.0%
$75.5
132
$29.5
$13.3
$192.4
$500.7
16.0%
$115.0
1.06
Operating margin...............………… 22.9%
DS CORPORATE INFORMATION
FINANCIAL DATA SHEETS JANUARY 2000
Page 5
(UNAUDITED)
Yearly Net Sales
+15%
Yearly Net Income
+28%
-7%
+24%
+29%
+23% +5%
+23%
+68%
-14%
1999 =
$
392
M
1999 =
$
68
M
’84
’85
’86
’87
’88
’89
’90
’91
’92
’93
’94
’95
’96
’97
’98
’99
’84
’85
’86
’87
’88
’89
’90
’91
’92
’93
’94
’95
’96
’97
’98
’99
Selected Financial Data
(Dollars in millions, except per share amounts)
All of the share and per share amounts have been adjusted to
reflect the February 7, 2000 two-for-one stock split.
Net sales.........................…………
Sequential growth..............……
3 yr. compounded growth.........
5 yr. compounded growth.........
CAGR since 1987.......................
Cost of Sales………………………
Gross profit........................………
R&D................................…………
SG&A................................………
Operating income (loss)...........
Interest income (net)...........……
PBT&EI's...........................………
Taxes...............................………
Net income (loss)...............……
Sequential growth.....................
3 yr. compounded growth.........
5 yr. compounded growth.........
CAGR since 1987.......................
EPS, diluted...............................
Wtd. Avg. shrs. O/S, diluted......
1995
$233.3
29%
25%
18%
29%
117.6
115.7
28.6
35.5
51.6
3.4
55.0
18.3
$36.7
23%
26%
22%
39%
$0.66
55,524
1996
$288.4
24%
22%
23%
28%
157.1
131.3
35.0
42.1
54.2
2.9
57.1
18.7
$38.4
5%
14%
21%
35%
$0.69
55,980
1997
$368.2
28%
27%
25%
28%
178.4
189.8
46.1
53.8
89.9
4.7
94.6
30.0
$64.6
68%
29%
28%
38%
$1.10
58,914
1998
$342.6
-7%
14%
17%
25%
162.4
180.2
47.5
56.5
76.2
5.1
81.3
25.9
$55.4
-14%
15%
17%
32%
$0.93
59,914
1999
$392.4
15%
11%
17%
24%
188.7
203.7
50.4
61.3
92.0
7.6
99.6
31.3
$68.3
23%
21%
18%
31%
$1.11
61,768

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