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Investor Factsheet - December Quarter 

Company Overview Valuation Ratios
Programmable Logic Overview Financial Highlights
Research Coverage Customers & End Market Applications

COMPANY OVERVIEW   Data as of December 31, 1997  
Traded: NASDAQ 
Symbol: XLNX 
IPO date: June 12, 1990 
Price: $35 1/16 
Price Range: $29 11/16 - $57 1/2 
Shares Outstanding: 74.2 Million 
Average Daily Trading Volume: 3.0 Million
Market Capitalization: $2.6 Billion 
Held by Institutions: 86% 
Number of Patents: 195 
% Proprietary Products: 94% 
Number of Employees: 1396 
Business: Programmable Logic Devices and Related Software

Xilinx, founded in 1984, is the world's largest supplier of programmable logic solutions. Headquartered in San Jose, California, the company pioneered the market for Field Programmable Gate Arrays (FPGAs) - standard logic components programmed by the customer using Xilinx design software. Xilinx FPGAs provide a revolutionary alternative to custom logic chips that require weeks or months of design time. By using Xilinx programmable logic chips, customers in the data processing, communications, networking, industrial, consumer, and high reliability markets can get their products to market faster and reduce their development costs. 

As a "fabless" semiconductor company, Xilinx does not own or operate silicon wafer production facilities.  Rather, the Company forms strategic alliances with 

chip manufacturers, either through close business relationships or equity positions in their foundries. This strategy allows Xilinx to focus on research and development, marketing, and technical support, while having access to the most advanced chip processing technologies currently available. 

In order to serve a broad range of over 15,000 customers, Xilinx has established a worldwide marketing and distribution network with offices throughout North America, Europe and Asia. The Company's product lines consist of several families of programmable logic devices (PLDs) and related software. Xilinx's competitive advantages in the marketplace stem from its strong customer focus, dedication to research and development, and conservative financial management. 

 
 
COMPANY OVERVIEW  (cont.)
  
Source: Dataquest April 1997 
*Total sales, devices and software

 

 
PROGRAMMABLE LOGIC OVERVIEW 

  In the digital world, there are two types of electronic chips:  memory and logic.  Memory chips are used to store information.  Logic chips are used to manipulate, or interface with, the information contained in memory.  Programmable Logic Devices (PLDs) are "off the shelf" logic chips that the customer, rather than the chip manufacturer, programs to perform a specific function.  With the ability to program their own chips, customers realize two key benefits:  product design flexibility and faster time to market.  With today's shorter product life cycles, both of these factors can be critical determinants of a product's ultimate success.  Electronic equipment manufacturers rely upon PLDs to make fast design changes, accommodate uncertain production volumes, and accelerate their product's introduction to the market place. 
 
 

 
Source:  Dataquest, October 1997
 

 
 Research Coverage
 
ABN AMRO Chicago Corp. 
AG Edwards 
BancAmerica Robertson Stephens 
Bear Stearns & Co. 
Cowen & Company 
CS First Boston 
Dain Rauscher 
Deutsche Morgan Grenfell 
Donaldson Lufkin & Jenrette 
Goldman Sachs 
Hambrecht & Quist 
J.P. Morgan 
Lehman Brothers 
Merrill Lynch 
NationsBanc Montgomery Securities 
Morgan Stanley Dean Witter 
CIBC Oppenheimer 
SBC Warburg Dillon Read 
Soundview Financial 
UBS Securities 
Volpe Brown Whelan & Co.

Valuation Ratios  Dec-97 Sep-97 Jun-97
Mar-97 
Dec-96 
Annualized ROE  22% 22%
25% 
25% 
23% 
Annualized ROA  13% 13%
15% 
14% 
13% 
       
Current Ratio  5.3 5.6
5.7 
6.2 
5.6 
Quick Ratio  4.8 5.1
5.2 
5.5 
4.9 
Diluted Shares (M)*  79.2 81.4
81.3 
80.6 
79.8 
Cash/Share ($)  5.27 5.34
5.72 
5.28 
4.89 
Book Val/Shr ($)  7.37 6.90
6.53 
6.09 
5.77 
     
Inventory days**  88 87
85
104 
117 
Days sales outstanding  39 40
41
43
46
12-mo avg revenue per employee ($K)  460 457
447 
446 
453 
 
*Beginning Dec. '97, shares are calculated on a diluted basis, which is consistent with the calculation of equivalent shares reported in prior quarters.
**Beginning Sept. '97, Inventory Days is calculated using quarter ending, rather than average, inventory balances

 Financial Highlights   
For the years ended March 31 
 
1997
1996
1995
1994
1993
Income Statements ($M)           
Net revenues 
$568.1 
$560.8 
$355.1 
$256.4 
$178.0 
           
Cost of revenues 
214.3 
203.2
138.5
98.8
69.3
Research & development 
71.1
64.6
45.3
34.3
24.3
Marketing, general & administrative 
118.7
107.9
76.8
58.1
42.8
Non-recurring charges 
5.0
19.4
2.5
--
--
           
Operating income 
159.1
165.8
92.0
65.2
41.6
Interest income (net) 
6.7
5.1
2.8
2.3
2.0
           
Income before provision for taxes 
165.8
170.9
94.8
67.4
43.6
Provision for taxes 
55.4
69.4
35.6
26.2
16.4
           
Net income 
$110.4 
$101.5
$59.3
$41.3
$27.2 
Net income per share ($) 
$1.39
$1.28
$0.80 
$0.57
$0.38
           
Balance Sheet ($M)           
Working capital 
504.3
436.1
180.1
143.1
101.1
Total Assets 
847.7
720.9
320.9
226.2
162.9
Long-term debt
250.0
250.0
0.9
2.2
3.9
Stockholders' equity 
490.7
368.2
244
172.9
123.3
 
Financial Highlights (cont.)


Customers
 
Communications  Data Processing     Industrial   Networking  High Reliability  
Ericsson 
Lucent Technologies 
Northern Telecom 
EMC  
IBM  
Sun Microsystems
Hewlett-Packard  
Kodak  
NEC 
3COM  
Cabletron  
Cisco
Boeing  
Lockheed Martin  
Northrop Grumman
 

End Market Applications
 
Communications Data Processing Industrial Networking High Reliability
Cellular Base Stations 
Central Office Switches
Mass Storage 
Computer Peripherals
Medical Equipment 
Instrumentation
Routers 
ATM switches
Satellite Communication 
Commercial Aviation
 

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