Vyyo Inc. reported net revenues for the second quarter ended June 30 increased to $3 million, compared with $1 million reported for second-quarter 1999. The company recorded a net loss of $8.1 million, or 24 cents per share, compared with a net loss of $2.4 million, or 42 cents per share, for the same time the previous year.
Digital Microwave Corp. reported record orders and growth in both sales and income for its first fiscal quarter of 2001, ended June 30, compared with the same quarter last year. New orders for the quarter reached $126 million, an increase of 86 percent compared with the $67.8 million it received during the first quarter last year. Net sales increased from $65.9 million during the same quarter last year to $86.7 million this year. Net income was also up from $160,000 for the first quarter last year to $9 million this year. DMC also reported earnings per diluted share for the first quarter of 2001 of 12 cents per share compared with no return per diluted share for the first quarter of 2000.
Fresh from its acquisition of U S West Communications Inc., Qwest Communications International Inc. reported strong second-quarter revenues of $1.28 billion, a 47-percent increase from the $873.7 million reported for second-quarter 1999. The company reported net earnings of $7.2 million, or 1 cent per share, compared with net earnings of $18.5 million, or 2 cents per share, reported for the same time the previous year. Qwest and U S West completed their merger June 30. As part of the merger, Qwest sold its in-region long-distance business to Touch America, the telecommunications subsidiary of The Montana Power Co. U S West reported revenues of $3.45 million for the quarter, compared with $3.23 million reported for the same time last year.
RF Micro Devices Inc., a provider of radio-frequency integrated circuits, reported record revenue of $98.2 million for the first fiscal quarter of 2001, ended June 30, an increase of 58 percent compared with the $62 million in revenue for the first fiscal quarter of 2000. RF Micro Devices also reported an increase in net income for the quarter from $10.4 million last year to $16.2 million this year, with net income per diluted share rising from 12 cents per share last year to 19 cents per share this year.
