|June 10, 2004 09:00 AM US Eastern Timezone
Diodes Incorporated Included in Business 2.0 Magazine's Fastest-Growing Technology Companies
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--June 10, 2004--Diodes Incorporated (Nasdaq:DIOD), a leading manufacturer and supplier of high-quality discrete semiconductors, announced its inclusion in Business 2.0 Magazine's "B2 100" ranking of the fastest-growing technology companies for 2004. The B2 100 list is featured in the June 2004 issue of the magazine.
This is the magazine's third annual listing and Diodes Incorporated is proud to have been included in every listing. More than half of the companies included in Business 2.0 Magazine's "B2 100" ranking for 2004 were not on the list in 2003.
"We are extremely pleased to be selected by Business 2.0 for the third consecutive year," said C.H. Chen, Diodes' President and CEO. "Our strategic initiatives once again enabled Diodes to be recognized as one of the top-performing technology companies as measured by the growth in revenues, earnings and cash flow from operations. And we are developing a portfolio of core intellectual property that will enable us to continue to create value for our shareholders and build a leadership position in the discrete semiconductor industry."
"Over the past year we've started to see an economic recovery. But no matter the rebound, it still requires innovative ideas, strong management skills and tight execution to grow rapidly in today's technology sector," said Josh Quittner, editor of Business 2.0.
To make the B2 100, which was selected from a group of 2,000 publicly-traded tech firms, companies cleared a series of demanding financial hurdles. Criteria for making the final list included at least three years of trading on a major U.S. stock exchange, a minimum of $50 million in annual revenue, and positive cash flow during the most recently reported 12 months. Business 2.0 editors then ranked the companies with the help of Zacks Investment Research of Chicago, using a combination of four financial criteria: growth in revenue, profit, and operating cash flow during the past three years, and 12-month stock return. Cash flow growth counted for 40 percent of a company's ranking; each of the other criteria counted for 20 percent.
Diodes' performance included: 2003 earnings of $10.1 million on revenues of $136.9 million, with a 3-year annualized cash flow growth of 12.2%, and a 12-month stock return of 237.5%.
For information, visit http://www.diodes.com or contact Diodes' customer service at 805-446-4800 or e-mail at email@example.com.
About Business 2.0
Business 2.0, a magazine about business, technology and innovation, is published out of the FORTUNE Group at Time, Inc., a Time Warner company. To learn more, visit www.business2.com.
About Diodes Incorporated
Diodes Incorporated (Nasdaq:DIOD) is a leading manufacturer and supplier of high-quality discrete semiconductor products, primarily to the communications, computing, industrial, consumer electronics and automotive markets. The Company operates three Far East subsidiaries, Diodes-China (QS-9000 and ISO-14001 certified) in Shanghai, Diodes-Taiwan (ISO-9000 certified) in Taipei, and Diodes-Hong Kong. Diodes-China's manufacturing focus is on subminiature surface-mount devices destined for wireless devices, notebook, flat panel display, digital camera, mobile handset, set-top box, DC to DC conversion, and automotive applications, among others. Diodes-Taiwan is our Asia-Pacific sales, logistics and distribution center. Diodes-Hong Kong covers sales, warehouse and logistics functions. The Company's 5" wafer foundry, Diodes-FabTech (QS-9000 certified), specializes in Schottky products and is located just outside Kansas City, Missouri. The Company's ISO-9001:2000 corporate sales, marketing, engineering and logistics headquarters is located in Southern California. For further information, including SEC filings, visit the Company's website at www.diodes.com.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Any statements set forth above that are not historical facts are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and uncertainties include, but are not limited to, such factors as implementation and market reception to new product announcements, fluctuations in product demand, the introduction of new products, the Company's ability to maintain customer and vendor relationships, technological advancements, impact of competitive products and pricing, growth in targeted markets, risks of foreign operations, and other information detailed from time to time in the Company's filings with the United States Securities and Exchange Commission.
Recent news releases, annual reports, and SEC filings are available at the Company's website: http://www.diodes.com. Written requests may be sent directly to the Company, or they may be e-mailed to: firstname.lastname@example.org.