SAN JOSE, Calif. & SINGAPORE--(BUSINESS WIRE)--Dec. 12, 2011--
Avago Technologies (Nasdaq: AVGO),
a leading supplier of analog interface components for communications,
industrial and consumer applications, today announced that it has been
named the “Best Financially Managed Semiconductor Company” for 2011 by
the Global Semiconductor Alliance (GSA). Avago was presented with the
award December 8 at the GSA Awards Dinner Celebration, which recognizes
semiconductor companies that have demonstrated excellence through their
success, vision, strategy and future opportunities in the industry.
Determining the top company, the GSA and selected financial analysts
reviewed the overall performance and financial health of the industry's
semiconductor companies. Avago was named the best financially managed
semiconductor company among its peers based on a number of financial
metrics, such as growth rates, margins, cash flow, profitability ratios,
efficiency ratios and return on capital.
“Being recognized by the GSA as the industry's best financially managed
company is outstanding validation of our business model and our
execution," said Doug Bettinger, Avago's SVP of Finance and CFO. “This
award serves as a tribute to Avago’s exceptional technologies and to the
tremendous work ethic of our employees.”
About GSA
The Global Semiconductor Alliance (GSA) mission is to accelerate the
growth and increase the return on invested capital of the global
semiconductor industry by fostering a more effective fabless ecosystem
through collaboration, integration and innovation. It addresses the
challenges within the supply chain including IP, EDA/design, wafer
manufacturing, test and packaging to enable industry-wide solutions.
Providing a platform for meaningful global collaboration, the Alliance
identifies and articulates market opportunities, encourages and supports
entrepreneurship, and provides members with comprehensive and unique
market intelligence. Members include companies throughout the supply
chain representing 25 countries across the globe. For further
information on the GSA, visit www.gsaglobal.org.
About Avago Technologies
Avago Technologies is a leading supplier of analog interface components
for communications, industrial and consumer applications. By leveraging
its core competencies in III-V compound and silicon semiconductor design
and processing, the company provides an extensive range of analog, mixed
signal and optoelectronics components and subsystems to approximately
40,000 end customers. Backed by strong customer service support, the
company's products serve four diverse end markets: wireless
communications, wired infrastructure, industrial and automotive
electronics, and consumer and computing peripherals. Avago has a global
employee presence and heritage of technical innovation dating back
nearly 50 years to its Hewlett-Packard roots. Information about Avago is
available on the Web at www.avagotech.com.
Follow Avago on Twitter at http://twitter.com/Avagotech
and on Facebook at www.facebook.com/Avagotech.
Avago, Avago Technologies, and the A logo are trademarks of Avago
Technologies. All other trademarks are the property of their respective
owners.
NOTE TO EDITORS: Please direct reader inquiries to Avago Technologies at
+1 800 235 0312, or e-mail us at support@avagotech.com.
Source: Avago Technologies
Avago Technologies
Samer Bahou, +1-408-435-6910
Press
Relations Manager
press.relations@avagotech.com