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11409
Valley View Road
Eden Prairie, MN 55344-3617 www.nve.com |
Fellow Shareholders: In fiscal 2008 we continued to advance our vision of practical spintronics leadership. Our strategy drove record sales, profits, and liquidity. As the graphs at right show, in just two years our product sales have more than doubled, net income has more than tripled, and cash plus marketable securities has more than doubled. Financial highlights of the past year: Product sales increased 28% Net income increased 50% Cash and marketable securities increased $6.4 million Other fiscal 2008 highlights included new world-class products, new customers,
new patents, and capital investments in production capacity. |
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Statements used in this letter that relate to future plans, events, or performance are forward-looking statements that are subject to certain risks and uncertainties including the risk factors listed from time to time in our filings with the SEC, including our Annual Report on Form 10‑K and other reports filed with the SEC. The Company undertakes no obligation to update forward-looking statements. |