Agere Systems Inc 10K Annual Reports & 10Q SEC Filings

ALLENTOWN, Pa. — Agere Systems (NYSE: AGR) today reported GAAP net income of $20 million, or $0.12 per share, for the fiscal year ended September 30, 2006, compared to a GAAP net loss of $8 million, or $0.04 per share, for fiscal 2005. The results represent the first fiscal year that Agere has been profitable on a GAAP basis.

Richard Clemmer, President and CEO of Agere, said, “Our results for fiscal 2006 mark Agere’s first full-year profit as a public company. This milestone in financial performance demonstrates that we are executing on our turnaround strategy. With our first profitable year behind us, we have established a firm foundation for Agere’s future growth.”

For the fourth quarter ended September 30, 2006, Agere reported GAAP net income of $13 million, or $0.08 per share, nearly double the net income of $7 million, or $0.04 per share, in the same period of 2005.

For the full fiscal year of 2006, Agere’s non-GAAP* net income was $121 million, or $0.69 per share, compared to $72 million, or $0.41 per share, for fiscal 2005. On a non-GAAP basis, Agere’s fourth quarter of fiscal 2006 net income was $51 million, or $0.30 per share, versus $38 million, or $0.21 per share, in the year ago period.

The following chart shows quarterly and annual revenue, including revenue from the licensing of intellectual property, by business segment:

The following information was filed by Agere Systems Inc on Tuesday, October 31, 2006 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Assess how Agere Systems Inc's management team is paid from their Annual Proxy

Agere Systems Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2006 10-K Annual Report includes:

Voting Procedures
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Executive Team
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Material Contracts, Statements, Certifications & more

Agere Systems Inc provided additional information to their SEC Filing as exhibits

Exhibit 10.9: Agere Systems Inc. Short Term Incentive Plan

Exhibit 10.13: Performance-Vested Rsu Award Agreement - Earnings

Exhibit 12: Computation Of Ratio Of Earnings To Fixed Charges

Exhibit 21: List Of Subsidiaries Of Agere Systems Inc.

Exhibit 23: Consent Of Pricewaterhousecoopers Llp

Exhibit 24: Powers Of Attorney Of Attorney

Exhibit 31.1: Certification Of Chief Executive Officer

Exhibit 31.2: Certification Of Chief Financial Officer

Exhibit 32.1: Certification Of Chief Executive Officer

Exhibit 32.2: Certification Of Chief Financial Officer

CIK: 1129446
Form Type: 10-K Annual Report
Accession Number: 0001206774-06-002472
Submitted to the SEC: Fri Dec 01 2006 3:29:21 PM EST
Accepted by the SEC: Fri Dec 01 2006
Period: Saturday, September 30, 2006
Industry: Semiconductors And Related Devices