CAMD California Micro Devices Corp. (MM)

MILPITAS, Calif., Sept. 14 /PRNewswire-FirstCall/ -- California Micro Devices (NASDAQ:CAMD) today raised its financial outlook for the second quarter of fiscal 2007, which ends September 30, 2006. The company now expects revenue between $17.0 and $18.0 million compared to its initial guidance of $16.0 to $17.5 million and to $18.5 million a year ago. On a GAAP basis, the company expects earnings to be between breakeven and a net loss of $0.01 per share compared to its initial guidance of a net loss of $0.01 to $0.03 and diluted EPS of $0.09 a year ago. On a non-GAAP basis, excluding Arques Technology acquisition costs and employee stock-based compensation expenses, and using a cash basis tax rate, diluted EPS is expected to be between $0.04 and $0.05 compared to its initial guidance of $0.02 to $0.04. "We are raising our revenue and earnings guidance as the result of greater demand than we had anticipated for our products," said Robert V. Dickinson, president and CEO. "I'm also pleased to report that bookings so far this quarter are stronger than they have been at the same point in the last three quarters." He noted that design wins are expected to be comparable to record levels achieved in the last two quarters. Conference Call and Webcast Today California Micro Devices will hold a conference call today at 2:00 p.m. Pacific Time to discuss its September quarter outlook. Within the USA, interested parties can access the conference call by dialing 800-240-4186. International parties may gain access by dialing +1-303-205-0066. No password is necessary. A replay of the conference call will be available on the company's web site at http://www.cmd.com/ (Investor Relations Link) beginning at approximately 4:00 p.m. Pacific Time today, and continuing until the company announces its actual September quarter financial results on October 19, 2006. About California Micro Devices Corporation California Micro Devices Corporation is a leading supplier of application specific analog semiconductor products for the mobile handset, personal computer and digital consumer electronics markets. Key products include Application Specific Integrated Passive(TM) (ASIP(TM)) devices and selected high value mixed signal ICs. Detailed corporate and product information may be accessed at http://www.cmd.com/ . All statements contained in this press release that are not historical facts are forward-looking statements which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. They are not guarantees of future performance or events. Rather, they are based on current expectations, estimates, beliefs, assumptions, and goals and objectives and are subject to uncertainties that are difficult to predict. As a result, our actual results may differ materially from the statements made. Often such statements can be identified by their use of words such as will, intends, expects, plans, believes, anticipates, and estimates. Forward-looking statements made in this release include our expected revenues, both overall and for certain markets and customers; our expected GAAP and non-GAAP earnings and loss per share; and our expected design wins for the second quarter of fiscal 2007. These forward- looking statements are based upon our assumptions about and assessment of the future, which may or may not prove true, and involve a number of risks and uncertainties including, but not limited to our distributor sell through, drawdown of vendor managed inventory, and turns and other orders being as anticipated during the final few weeks of the quarter; there being no interruption in the supply of quality product from our contract manufacturers, contract assemblers and test houses; and design wins for the final few weeks of the quarter being sufficient to achieve our design win outlook for the quarter as well as the risk factors detailed in the company's Form 8K, 10K, and 10Q filings with the Securities and Exchange Commission. Due to these and other risks, the company's future actual results could differ materially from those discussed above. These forward-looking statements speak only as to the date of this release, and, except as required by law, we undertake no obligation to publicly release updates or revisions to these statements whether as a result of new information, future events, or otherwise. NOTE: ASIP(TM) and Application Specific Integrated Passive(TM) are trademarks of California Micro Devices. All other trademarks are property of their respective owners DATASOURCE: California Micro Devices CONTACT: Kevin Berry, Chief Financial Officer of California Micro Devices, +1-408-934-3144, or Web site: http://www.calmicro.com/

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