Diodes Incorporated (NASDAQ: DIOD) is
engaged in the design, manufacture and marketing of semiconductor products, including diodes, transistors, and rectifiers. The firm focuses on devices with end user applications in the consumer electronics, computing, industrial, communications and automotive sectors. Customers include Intel (NASDAQ: INTC) and Nortel Networks (NYSE: NT).
The firm is expanding its reach, via the acquisition route. It completed its purchase of British chip maker Zetex, on June 9th. That led management to increase its guidance for Q2 revenues from $100-$106 million to $114-$117 million. The Street had been looking for $104.27 million. Guidance for gross profit was boosted from a sequential increase of 4-9% to a sequential increase of 18-21%.




