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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Xilinx, Inc.    XLNX

XILINX, INC.

(XLNX)
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Xilinx : Issues Statement in Response to Analog Devices Patent Infringement Lawsuit

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12/05/2019 | 02:13pm EST

SAN JOSE, Calif., Dec. 5, 2019 /PRNewswire/ -- Xilinx, Inc. (NASDAQ: XLNX), the leader in adaptive and intelligent computing, today issued a response to the patent infringement lawsuit filed today by Analog Devices, Inc. 

Xilinx logo (PRNewsFoto/Xilinx) (PRNewsfoto/Xilinx, Inc.)

The statement is the following:

On December 5, 2019, a patent infringement lawsuit was filed by Analog Devices against Xilinx and our Zynq UltraScale+ RFSoC in the United States District Court for the District of Delaware. We intend to vigorously defend against this lawsuit. Xilinx has a history of creating pioneering technology spanning multiple decades. We created what many thought could not be done with the introduction of the Zynq UltraScale+ RFSoC - the industry's only single-chip adaptable radio platform.  Through its patent lawsuit, Analog Devices has chosen to litigate rather than compete in the market.

About Xilinx
Xilinx develops highly flexible and adaptive processing platforms that enable rapid innovation across a variety of technologies – from the endpoint to the edge to the cloud. Xilinx is the inventor of the FPGA, hardware programmable SoCs, and the ACAP, designed to deliver the most dynamic processor technology in the industry and enable the adaptable, intelligent, and connected world of the future. For more information, visit www.xilinx.com.

© Copyright 2019 Xilinx, Inc. Xilinx, the Xilinx logo and other designated brands included herein are trademarks of Xilinx in the United States and other countries.

PR Contact:
Tara Sims
media@xilinx.com

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/xilinx-issues-statement-in-response-to-analog-devices-patent-infringement-lawsuit-300970248.html

SOURCE Xilinx, Inc.


© PRNewswire 2019
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Financials (USD)
Sales 2020 3 232 M
EBIT 2020 842 M
Net income 2020 822 M
Finance 2020 1 321 M
Yield 2020 1,60%
P/E ratio 2020 28,5x
P/E ratio 2021 25,7x
EV / Sales2020 6,74x
EV / Sales2021 6,04x
Capitalization 23 100 M
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Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 106,45  $
Last Close Price 91,86  $
Spread / Highest target 79,6%
Spread / Average Target 15,9%
Spread / Lowest Target -16,2%
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Managers
NameTitle
Victor Peng President, Chief Executive & Financial Officer
Dennis Lynn Segers Chairman
Vincent L. Tong Executive VP-Global Operations & Quality
Ivo Bolsens Chief Technology Officer & Senior Vice President
Kevin J. Cooney Chief Information Officer & Senior Vice President
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