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First quarter 2006 results at Lattice 26-04-06

Lattice Semiconductor announced a first quarter 2006 revenue of $57.5 million, an increase of 12 percent from the $51.3 million reported in the same quarter a year ago and an increase of six percent from the $54.0 million reported last quarter. Quarterly revenue from PLD products was $46.7 million, or 81 percent of total revenue, and increased six percent sequentially. Quarterly revenue from FPGA products was $10.8 million, or 19 percent of total revenue, and increased nine percent sequentially. Other income for the first quarter was $3.8 million and included a $1.2 million gain related to the extinguishment of outstanding zero coupon convertible notes. Net loss for the first quarter was $0.8 million, a improvement compared to a net loss of $10.9 million in the same quarter a year ago and a net loss of $23.0 million in the previous quarter.

 
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