California Micro Devices Presents December Quarter Guidance
December 16 2003 - 4:05PM
PR Newswire (US)
California Micro Devices Presents December Quarter Guidance
MILPITAS, Calif., Dec. 16 /PRNewswire-FirstCall/ -- California
Micro Devices today presented its financial outlook for the third
fiscal quarter of 2004, which ends December 31, 2003. Revenue is
expected to be between $16.2 and $17.0 million compared to $14.9
million in the prior quarter and $11.3 million in the same quarter
a year ago. Net earnings per share are expected to be between $0.06
and $0.09 compared to $0.04 in the prior quarter and a net loss per
share of $0.01 a year ago. "We are expecting solid sequential
revenue growth from our Mobile and Computing/Consumer products,
reflecting both recent design win activity and a strong end market
environment," said Robert V. Dickinson, president and CEO. "Our
growing momentum in these markets continues to validate our market
focus and product strategy." According to Dickinson, bookings are
expected to be sequentially higher than the prior quarter's $15.4
million, which was the highest level the company had achieved in
three years. Guidance Conference Call Today California Micro
Devices will hold a conference call today at 2:00 p.m. Pacific Time
to discuss its December quarter guidance. Within the USA,
interested parties can access the conference call by dialing
800-218-0713. International parties may gain access by dialing
303-262-2075. No password is necessary. Telephone replay of the
conference call will be available from approximately 4:00 p.m.
Pacific Time on December 16, until 11:00 p.m. Pacific Time on
January 2, 2004. To access this recording from within the USA,
please dial 800-405-2236 and enter the conference pass code 561476.
International callers may gain access by dialing 303-590-3000 and
entering the same pass code. California Micro Devices Corporation
will release its actual third quarter results on Thursday, February
5, 2004, after the close of trading. The company will hold a
conference call on the same day at 2:00 p.m. Pacific Time to
discuss its results. About California Micro Devices Corporation
California Micro Devices Corporation is a leading supplier of
application- specific analog semiconductor products for the Mobile,
Computing, and Consumer Electronics markets. Key products include
application-specific integrated passive (ASIP(TM)) devices and
power management ICs. Detailed corporate and product information
may be accessed at http://www.calmicro.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, expects,
and estimates. Forward-looking statements made in this release
include our expectations regarding revenue, net earnings per share,
and bookings for the third fiscal quarter of 2004. 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 sales during the final few weeks of the quarter
continuing as anticipated; there being no interruption in the
supply of quality product from our contract manufacturers, Tempe
facility, and contract assemblers and test houses; finalizing our
internal accounting for the results of the quarter, including our
inventory reserves and manufacturing expense calculations, in light
of our ongoing effort to enhance our internal controls; and working
with our new auditors in their first review of our financial
statements and receiving their opinion as to our estimates of such
matters as reserves and the salability of our inventory, as well as
other 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) is a
trademark of California Micro Devices. All other trademarks are
property of their respective owners. DATASOURCE: California Micro
Devices Corporation CONTACT: Greg Miller, Chief Financial Officer
of California Micro Devices Corporation, +1-408-263-3214, or Web
site: http://www.calmicro.com/
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