CAMD California Micro Devices Corp. (MM)

California Micro Devices Reaffirms June Quarter Guidance MILPITAS, Calif., June 17 /PRNewswire-FirstCall/ -- California Micro Devices (NASDAQ:CAMD) today reaffirmed its financial outlook for the first quarter of fiscal 2005, which ends on June 30, 2004. Revenue is expected to be between $16.4 and $16.7 million, compared to $15.8 million in the prior quarter and $11.9 million in the same quarter a year ago. The company anticipates diluted earnings per share of between $0.07 and $0.09 compared to $0.08 in the prior quarter and a net loss per share of $0.08 a year ago. As previously announced, earnings for the quarter include a one time charge of approximately $125,000, associated with the early retirement of the company's Silicon Valley Bank loans. "We expect to see strong sequential growth in revenue from our products for the Mobile market while revenue from our products for the Computing and Digital Consumer markets is now expected to be flat to up modestly compared to Q4. The reduced outlook for the latter is largely due to a weaker than expected demand for both notebook and desktop computers," said Robert V. Dickinson, president and CEO. "Because of the strength we foresee in Mobile product sales, we expect to report overall Q1 revenue growth in spite of the anticipated decline in sales of older products. While we believe total bookings will be lower than last quarter, we expect to report a positive book- to-bill ratio for our core business during the June quarter." Guidance Conference Call Today California Micro Devices will hold a conference call today at 2:00 p.m. Pacific Time to discuss its June quarter guidance. Within the USA, interested parties can access the conference call by dialing (800) 219-6110. International parties may gain access by dialing (303) 262-2141. No password is necessary. Telephone replay of the conference call will be available from approximately 4:00 p.m. Pacific Time today until 11:00 p.m. Pacific Time on July 2, 2004. To access this recording from within the USA, please dial (800) 405-2236 and enter the conference pass code 11000265. International callers may gain access by dialing (303) 590-3000 and entering the same pass code. California Micro Devices Corporation will release its actual June quarter results on Thursday, July 29, 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 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. Forward-looking statements made in this release include our anticipated first quarter revenues, earnings per share, bookings and book-to-bill ratio for our core business. 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 sellthrough, 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, Tempe thin film facility, and contract assemblers and test houses 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 Corporation CONTACT: Greg Miller, Chief Financial Officer of California Micro Devices Corporation, +1-408-934-3144, or Web site: http://www.calmicro.com/

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