ISSI States Preliminary Revenue for December Quarter
January 04 2006 - 7:14PM
PR Newswire (US)
SANTA CLARA, Calif., Jan. 4 /PRNewswire-FirstCall/ -- Integrated
Silicon Solution, Inc. (NASDAQ:ISSI) today announced that its
revenue for the December 31, 2005 quarter will be in the range of
$51 million to $52 million. This estimate is preliminary and could
change as the Company proceeds with its normal accounting
procedures. Previously, the Company had expected that revenue for
the quarter would be in the range of $62 million to $64 million.
"Although demand was about what we expected during the quarter, the
average selling prices for our DRAM product line were lower than we
planned," said Jimmy Lee, Chairman and CEO. "DRAM selling prices
were under pressure, especially in November and December." The
Company explained that in response to the pressure on DRAM selling
prices it turned down some DRAM orders that would have resulted in
undesirable margins. As a result, the Company's DRAM product line
revenue came in lower than previously expected The Company plans to
release its financial results for the quarter ended December 31,
2005 on Monday January 30, 2006 at 1:30 pm Pacific time. About the
Company ISSI is a fabless semiconductor company that designs and
markets high performance integrated circuits for the following key
markets: (i) digital consumer electronics, (ii) networking, (iii)
mobile communications and (iv) automotive electronics. The
Company's primary products are high speed and low power SRAM and
low and medium density DRAM. The Company also designs and markets
EEPROM, SmartCards and is developing selected non-memory products
focused on its key markets. ISSI is headquartered in Silicon Valley
with worldwide offices in China, Europe, Hong Kong, India, Korea
and Taiwan. ISSI's web site is at http://www.issi.com/. Safe Harbor
Statement Certain statements in this news release are
forward-looking statements, including statements related to our
estimated total revenue, DRAM revenue and gross margins for the
December quarter. Such statements are subject to risks and
uncertainties. Actual results may differ materially from current
expectations due to many factors, including completion of the
accounting procedures for the December 31, 2005 quarter, any
adjustments to the preliminary numbers for the December 2005
quarter that may be made in connection with such procedures and
completion of a detailed analysis to identify any inventory that
may be valued below the market selling prices. Further information
that could affect the Company's results is detailed in ISSI's
periodic filings with the Securities and Exchange Commission,
including it Annual Report on Form 10K for the fiscal year ended
September 30, 2005. DATASOURCE: Integrated Silicon Solution, Inc.
CONTACT: ISSI Investor Relations, +1-408-969-4612, or Web site:
http://www.issi.com/
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