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Memscap Reports Revenue for First Quarter

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GRENOBLE, France May 1 -- MEMSCAP, a provider of microelectromechanical systems for the communications industry, reported strong growth for the quarter ended March 31. Revenue for the first quarter reached 97 percent of the revenue for fiscal year 2000 at 3.0 million EURO. The company's ten-year intellectual property agreement with Walsin Lihwa pushed first-quarter wireless revenue to 2.3 million EURO, the company said. The company also reported 161 percent backlog growth for the first quarter compared with end-of-year 2000.     "We are excited that MEMSCAP's communications business has shown...Read full article

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    Published: May 2001
    CommunicationsindustrialNews & Features

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