Westlake Village-based Diodes Inc., a semiconductor manufacturer, was ranked No. 26 among the 100 Fastest Growing Tech Companies in the June 2006 issue of Business 2.0 Magazine. Diodes rose on the magazine’s list to No. 26 from No. 45 when it was published in 2005. This is the fifth year in a row that Diodes has been included on Business 2.0’s list. The list was compiled from research done on 2,000 publicly traded technology companies. The list of 2,000 companies was narrowed down to include companies that had been trading for at least three years, had a market capitalization of at least $50 million and have had positive cash flow over the last 12 months. The companies were then ranked by revenue growth, profit growth, operating cash flow for the last three years and the 12-month stock market return as of December 31, 2005. Companies were ranked with emphasis on cash flow growth. Dr. Keh-Shew Lu, president and CEO of Diodes said in a statement, “To be ranked 26th in Business 2.0 Magazine’s list of the 100 Fastest Growing Tech Companies is a great honor. The dramatic jump from 45th place last year confirms that our strategy to differentiate ourselves with innovative technology and our focus on profitable growth continues to be successful.” Diodes in 2005 had earnings of $33.3 million on $214.8 million in revenues, with cash flow of $50.6 million and a 12-month stock return of 106 percent.
Diodes on Fastest Growing List