Exar, a company that designs semiconductors for storage applications, has had mixed performance in recent quarters, making Soros' reasons for investing in it ambiguous. For instance, its net sales have consistently increased from $30.9 million for the first quarter of fiscal 2010, to $39.6 million in the first quarter of fiscal 2011.
On the other hand, Exar's earnings per share has hovered in the negative for almost the last five years, though it has been losing less money. For the quarter ended on Dec. 31, the company lost $-0.11 a share.
Though it is difficult to decipher Soros' justification for acquiring stock in Exar at every price dip, their previous earnings call hinted that big developments and new technologies were upcoming in the last half of 2011. Just what those new products might entail or where Exar is going in the future apparently Soros foresees.
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