Company Profile For CML Microsystems PLC

CML Microsystems Plc (CML) is a United Kingdom-based company. The Company, and its subsidiaries, design, manufacture and market a range of integrated circuits (IC) for global industrial, professional and consumer applications within wireless communication, wireline communication, storage and networking market areas. The Company has eight operating subsidiaries located in the United Kingdom, United States, Germany, Singapore and Taiwan. The Company operates a fabless semiconductor model (outsources silicon wafer fabrication) and performs IC assembly and test functions. It operates in two segments: semiconductor components and equipment. The Company’s semiconductor products focus on four segments: wireless, storage, wireline telecom and networking. Its subsidiaries include CML Microsystems Inc., CML Microcircuits (UK) Ltd, Applied Technology (UK) Ltd and Hyperstone Inc.

BRIEF: For the fiscal year ended 31 March 2009, CML Microsystems Plc's revenue decreased 6% to £16.1M. Net loss totaled £2.1M, up from £617K. Revenue reflects a decrease in sales in Equipment and Semiconductor Component business divisions. Net loss also reflects an increase in cost of sales, decreased gross margin, an increase in share based payments, a decrease in finance income and the presence of income tax expense vs. a credit.