Exar Corp. announced the PCIe 2.0 Gen 1 UARTs with up to 25 Mbps serial data rate. The series is composed of three devices: XR17V352/354/358 which offers distinguishing features customers require for next generation applications. These features include an on-chip PCIe PHY and PCIe digital controller, support for large FIFO sizes (256 bytes), optimized software drivers, and a complete single-chip endpoint solution eliminating the requirement for external PCIe-PCI bridge devices. The XR17V352/354/358 series is ideal for remote access servers, storage network management, factory automation, and Point-of-Sales (POS) systems. These highly differentiated single-chip offerings provide system architects PCIe connectivity for their next generation OEM products while presenting a cost optimization opportunity for existing designs using PCIe-PCI bridges with PCI UARTs. The XR17V352, XR17V354, and XR17V358 have a PCIe interface, which is compliant with the PCIe 2.0 specification. The XR17V352, at 9mm x 9mm is the smallest two-channel compliant device in the industry. All the devices share a common set of features including large FIFO sizes of 256-byte TX/RX that optimize overall data throughput, automatic hardware (RTS/CTS or DTR/DSR) flow control, automatic software (Xon/Xoff) flow control, RS-485 half duplex direction control with programmable turn around delay, and Infrared (IrDA 1.1) data encoder/decoder.

Exar Corp. continues its long-term strategy of supporting the dynamic China market with the addition of two distributors. With offices throughout China, Joyou Data Technology Ltd., and Suntek Technology Co. Ltd. Ltd. join other regional Exar representatives/distributors to partner with customers on their data security and data deduplication platform requirements utilizing Hifn Technology solutions.

Exar Corp. reported unaudited and consolidated earnings results for the second quarter and six months ended September 27, 2009. For the second quarter, the company reported net sales of $31.6 million compared to net sales of $32.7 million for the second quarter of fiscal 2009. The GAAP net loss for the period was $8.2 million, or $0.19 per basic and diluted share, compared to a net loss of $2.2 million, or $0.05 per basic and diluted share, for the second quarter of fiscal 2009. These results include acquisition-related costs of $0.8 million in the second quarter of fiscal 2010 as compared to $4.5 million in the prior quarter. Loss from operations for the period was at $9.57 million as against a loss of $2.87 million reported for the same period last year. Loss before income taxes was at $8.44 million, as against loss before income taxes of $2.12 million reported for the same quarter last year. On a non-GAAP basis, the net loss was $2.7 million, or $0.06 per diluted share, for the second quarter of fiscal 2010, compared to net income of $1.9 million, or $0.04 per diluted share, for the second quarter of fiscal 2009. Non-GAAP operating loss was at $4.43 million against $0.40 million reported for the same period last year. For the six months ended September 27, 2009, the company reported net sales of $46.23 million compared to net sales of $41.75 million for the six months of 2009. The GAAP net loss for the period was $21.038 million, or $0.48 per basic and diluted share, compared to a net loss of $4.65 million, or $0.11 per basic and diluted share reported for the six months of fiscal 2009. Loss before income taxes was at $21.647 million, as against loss before income taxes of $4.707 million reported for the same period last year. Loss from operations for the period was at $24.134 million as against a loss of $7.80 million reported for the same period last year. On a non-GAAP basis, the net loss was $5.87 million, or 0.14 per diluted share, for the six months of fiscal 2010, compared to net income of $2.652 million, or $0.06 per diluted share reported for the first six months of fiscal 2009. Non-GAAP operating loss was at $8.99 million against $1.932 million reported for the same period last year. For the third quarter of fiscal 2010, the company expects that net sales will be between $32.0 million and $34.0 million, non-GAAP gross margin will be between 51% and 53% and non-GAAP operating expenses will be between $19.5 million and $20.5 million.