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Investor Factsheet - March Quarter 

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

  Data as of March 31, 1998 
NASDAQ:XLNX 
12-Month Price Range: $29 11/16 - $57 1/2 
Avg Daily Trading Volume (12-Mth) : 2.4M 
Shares Outstanding: 73.0M 
Market Capitalization: $2.7B 
Price/Earnings (Trailing 12-Mth): 24x
Number of Patents: 206 
Proprietary % of Revenue: 95% 
Institutional Ownership: 80% 
Number of Employees: 1393 
Business: Programmable Logic Devices and Design Software

COMPANY OVERVIEW 

Xilinx is the leading innovator of complete programmable logic solutions.  Founded in 1984 and headquartered in San Jose, California, Xilinx invented the Field Programmable Gate Array (FPGA) and commands more than half the world market for these devices today.  Xilinx FPGAs provide a revolutionary alternative to custom logic chips that require weeks or months of design time. 
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. 

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. 
 
 

 
 
COMPANY & PROGRAMMABLE LOGIC OVERVIEW  (cont.)
  
Source: In-stat April 1998 
*Does not include software, hardwire or support EPROMs

 
 

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

Valuation Ratios  Mar-98 Dec-97 Sep-97 Jun-97
Mar-97 
Annualized ROE  23% 22% 22%
25% 
25% 
Annualized ROA  13% 13% 13%
15% 
14% 
           
Current Ratio  4.8 5.3 5.6
5.7 
6.2 
Quick Ratio  4.3 4.8 5.1
5.2 
5.5 
Cash/Share ($)  4.64 5.27 5.34
5.72 
5.28 
Book Val/Shr ($)  7.05 7.37 6.90
6.53 
6.09 
           
Inventory days (quarter ending) 86 88 87
76
96 
Days sales outstanding  36 39 40
41
43
12-mo avg revenue per employee ($K)  451 460 457
447 
446 
 

 Financial Highlights For the years ended March 31
  1998
1997
1996
1995
1994
Income Statement ($M)           
  Net revenues  $613.6
$568.1 
$560.8 
$355.1 
$256.4 
  Gross margin 62%  62% 64% 61%  61% 
  Operating income 173.9 159.1 165.8 92.0 65.2
  Operating margin 28% 28% 30% 26% 25%
  Net income  $126.6
$110.4 
$101.5
$59.3
$41.3
  Profit margin 21% 19% 18% 17% 16%
  Diluted EPS ($)  $1.58
$1.39
$1.28
$0.80 
$0.57
  Diluted shares outstanding (M) 80.0 79.7 79.0 74.1 72.2
           
Balance Sheet ($M)           
  Working capital  474.6
504.3
436.1
180.1
143.1
  Total Assets  941.2
847.7
720.9
320.9
226.2
  Long-term obligations 250.0
250.0
250.0
0.9
2.2
  Stockholders' equity  550.2
490.7
368.2
244
172.9
 
Financial Highlights (cont.)


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

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

© 1998 Xilinx, Inc. All rights reserved
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