ISSI (MM)

SAN JOSE, Calif., Dec. 17 /PRNewswire-FirstCall/ -- Integrated Silicon Solution, Inc. (NASDAQ:ISSI), a fabless semiconductor company that designs and markets high performance integrated circuits, today announced that it now expects revenue in the December quarter to be in the range of $33 million to $36 million. The company's previous guidance was for revenue in the range of $45 million to $53 million. "Customer orders have slowed considerably since the beginning of November. The worldwide economic slowdown has significantly impacted all of our products and markets," said Scott Howarth, ISSI's President and CEO. "We are taking actions to realign our business with the current economic environment, including company-wide salary reductions, eliminating positions, and additional spending constraints. We are also focused on tightly managing our inventory levels and working to keep operating cash flows neutral during this downturn," added Mr. Howarth. 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, (iv) automotive electronics, and (v) industrial. 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 Taiwan, Japan, Singapore, China, Europe, Hong Kong, India, and Korea. Visit our web site at http://www.issi.com/. Forward Looking Statements This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements concerning our revenue guidance for the December quarter, taking actions to realign our business with the current economic environment, managing our inventory levels and working to keep operating cash flows neutral are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those anticipated. Such risks and uncertainties include supply and demand conditions in the market place resulting from difficulties in the market, liquidity and credit concerns or other factors, unexpected reductions in average selling prices for our products, our ability to sell our products for key applications and the pricing and gross margins achieved on such sales, our ability to control or reduce operating expenses, changes in manufacturing yields, order cancellations, order rescheduling, product warranty claims, competition, the level and value of inventory held by OEM customers, or other risks listed from time to time in the Company's filings with the Securities and Exchange Commission, including the Company's Form 10-K for the period ended September 30, 2008. The Company assumes no obligation to update or revise the forward-looking statements in this release because of new information, future events, or otherwise. DATASOURCE: Integrated Silicon Solution, Inc. CONTACT: John M. Cobb, Chief Financial Officer, Investor Relations, +1-408-969-6600, Web site: http://www.issi.com/

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