Intersil Corporation Announces Investor & Analyst Day Agenda
May 08 2012 - 8:00AM
Marketwired
Intersil Corporation (NASDAQ: ISIL) will hold its 2012 Investor
& Analyst Day today in Burlingame, CA.
Intersil's presentation is scheduled to begin at 9:00 a.m. PT
today at the San Francisco Airport Marriott Waterfront hotel in
Burlingame, CA.
Senior management will discuss Intersil's business strategy and
the opportunities represented by its Top Ten Growth Drivers aimed
at rapidly growing the Company's revenue.
Management will also update its financial model and discuss an
associated restructuring of operations. The revised operating model
includes a target Non-GAAP operating margin of 24%.
The presentation will be webcast live, and may be accessed via
the investor relations section of the Intersil website at
ir.intersil.com. An archived replay will be available shortly
following the live presentation.
About Intersil Intersil Corporation is a
leader in the design and manufacture of high-performance analog,
mixed signal and power management semiconductors. The Company's
products address some of the fastest growing markets within the
communications, computing, consumer and industrial industries. For
more information about Intersil or to find out how to become a
member of our winning team, visit the Company's website and career
page at www.intersil.com.
About Non-GAAP Financial Results The
presentation of non-GAAP financial information is intended to be
considered together with the financial information prepared and
presented in accordance with GAAP. For more information on non-GAAP
financial measures, please see the reconciliations of such measures
in the tables on page eight of this release. Management uses
non-GAAP financial measures for financial and operational
decision-making and as a means to evaluate period-to-period
comparisons. Management believes that non-GAAP financial measures
provide meaningful supplemental information regarding Intersil's
performance and liquidity by excluding certain expenses and
expenditures that may not be indicative of recurring core business
operating results. During the quarter ended July 1, 2011, we
revised current quarter and historical presentation of non-GAAP
financial information to exclude equity-based compensation in
addition to previously excluded intangible amortization,
acquisition charges, certain tax adjustments and one-time costs.
Management feels this change aligns our non-GAAP presentation with
that of our closest peers and increases comparability of our
results with published earnings estimates widely available on the
Internet.
FORWARD-LOOKING STATEMENTS Intersil
Corporation press releases and other related comments may contain
forward-looking statements as defined in Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934, in connection with the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements are based upon
Intersil's management's current expectations, estimates, beliefs,
assumptions and projections about Intersil's business and industry.
Words such as "anticipates," "expects," "intends," "plans,"
"predicts," "believes," "seeks," "estimates," "may," "will,"
"should," "would," "potential," "continue," "goals," "targets" and
variations of these words (or negatives of these words) or similar
expressions, are intended to identify forward-looking statements.
In addition, any statements that refer to projections or other
characterizations of future events or circumstances, including any
underlying assumptions, are forward-looking statements. These
forward-looking statements are not guarantees of future performance
and are subject to certain risks, uncertainties and assumptions
that are difficult to predict. Therefore, our actual results could
differ materially and adversely from those expressed in any
forward-looking statements as a result of various risk factors.
Intersil does not adopt and is not responsible for any
forward-looking statements and projections made by others in this
press release. Intersil's Annual Report on Form 10-K, subsequent
Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K
and other Intersil filings with the U.S. Securities and Exchange
Commission (which you may obtain for free at the SEC's web site at
http://www.sec.gov) discuss some of the important risk factors that
may affect our business, results of operations and financial
condition. These forward-looking statements are made only as of the
date of this communication and Intersil undertakes no obligation to
update or revise these forward-looking statements.
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