Centillium posts $27.8M Q1 revenues

By siliconindia   |   Friday, 02 May 2003, 19:30 IST
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FREMONT: Centillium Communications Inc. (Nasdaq:CTLM) posted first quarter 2003 revenues of $27.8 million, an increase of 23.1% from revenues of $22.6 million for the first quarter of 2002, and a 12.7% increase from the $24.7 million of revenues for the fourth quarter of 2002. Under generally accepted accounting principles (GAAP), the net loss for the first quarter of 2003 was $3.0 million, or $0.08 per share, compared with a net loss of $10.1 million, or $0.30 per share, for the first quarter of 2002 and a net loss of $10.4 million, or $0.30 per share, for the fourth quarter of 2002. During the first quarter, the DSL services market in Japan added approximately 1.4 million new subscribers, for a total of 7.0 million lines in use at the end of March. The availability of higher bandwidth services in Japan, based on Centillium's eXtremeDSL(TM) technology, is helping to drive both new subscriber additions, as well as equipment upgrades, as consumers and businesses transition from slower 1.5 and 8 Mbps Internet connectivity to faster 12 Mbps DSL services. "We are proud of both our OEM and service provider partners' successes with the launch of Centillium-enabled 12 Mbps DSL services in Japan. But our technology innovations have already continued beyond even 12 Mbps," commented Faraj Aalaei, CEO and Co-founder of Centillium. "In February, we introduced our Palladia(TM) 210 CPE chipset, which provides data rates exceeding 20 Mbps. Furthermore, in March we announced eXtremeDSLMAX(TM), a technology that provides DSL data rates of up to 50 Mbps. Utilizing eXtremeDSLMAX-enabled equipment, service providers will be able to provide subscribers with enhanced premium broadband services, such as HDTV and Video on Demand," continued Aalaei. "Rounding out our recently announced technology innovations was the introduction of Entropia III(TM), our fourth-generation Voice-over-IP processor. Entropia III supports over 1,000 VoIP channels on a single chip. Its density, power characteristics, carrier-class echo cancellation capabilities and telephony features enable system vendors to develop scalable, cost effective gateway designs," concluded Aalaei.