CAMD California Micro Devices Corp. (MM)

California Micro Devices Settles Longstanding Litigation MILPITAS, Calif., June 15 /PRNewswire-FirstCall/ -- California Micro Devices (NASDAQ:CAMD) today announced it has concluded agreements to settle longstanding litigation with Chan Desaigoudar, a former Chairman of the Board and CEO, and Tarsim Batra, a former vice president of the company. The settlement agreement with Desaigoudar does not pertain to a derivative case brought by affiliates of Desaigoudar in which the plaintiff's case had been previously dismissed with prejudice by the court following summary judgment. According to the company, the settlement amounts, which are confidential, will have no impact on its income statement since the amounts have been previously accrued, as described in the company's public filings, and will have a minimal impact on the company's cash position. About California Micro Devices Corporation California Micro Devices Corporation is a leading supplier of application specific analog semiconductor products for the mobile, computing and digital consumer markets. Key products include Application Specific Integrated Passive(TM) (ASIP(TM)) devices plus power management and interface 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, and estimates. Forward-looking statements made in this release include that the settlements will have no impact on our income statement and minimal impact on our cash position. 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, the parties making their motions to dismiss the litigation covered by the settlement agreements and having those motions accepted by the appropriate courts, 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) 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: Robert V. Dickinson, President and CEO of California Micro Devices, +1-408-934-3172, or Web site: http://www.calmicro.com/

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