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News Breaks
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January 9, 2012
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| 16:06 EDT |  | SMSC |
| theflyonthewall.com: | Standard Microsystems says demand environment weak, tax rate high | | The company said, "Going forward, we will continue to align and manage our expenses in light of the weak demand environment to protect our earnings and drive profitability toward our long term target model while investing and focusing on the high growth areas of our business. Our effective tax rate is expected to be unusually high in the second half of this fiscal year due to the transition to our international structure and lower global profits. However going forward, we expect this new structure to result in a significantly lower effective tax rate in fiscal 2013." :theflyonthewall.com |
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May 22, 2012
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| 11:49 EDT | | SMSC |
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