SCM Microsystems Updates Third Quarter Revenue Guidance
October 12 2005 - 3:30AM
PR Newswire (US)
FREMONT, Calif., Oct. 12 /PRNewswire-FirstCall/ -- SCM
Microsystems, Inc. (Nasdaq: SCMM; Prime Standard: SMY), a leading
provider of solutions that open the Digital World, today updated
guidance for its fiscal third quarter ended September 30, 2005.
Based on its preliminary review, the company expects revenues for
the fiscal third quarter ended September 30, 2005 of between $13
million and $14 million, which is above the guidance previously
given by the company of $8 million to $12 million. Robert
Schneider, chief executive officer, commented, "We sold higher than
expected volumes of our digital pay-TV decryption modules to an
existing customer that is adding subscribers for the fall soccer
season. We also benefited from seasonally driven orders for flash
media readers from OEM customers that are gearing up for 2005
holiday sales." SCM will report final financial results for its
third quarter after it has completed the filing of its Quarterly
Report on Form 10-Q with the United States Securities and Exchange
Commission, which is due on November 9, 2005. About SCM
Microsystems SCM Microsystems is a leading supplier of solutions
that open the Digital World by enabling people to conveniently
access digital content and services. The company develops, markets
and sells its smart card reader technology for PC, network and
physical access and conditional access modules for secure digital
TV decryption to OEM customers in the government, financial,
enterprise and broadcasting markets worldwide. Global headquarters
are in Fremont, California, with European headquarters in Ismaning,
Germany. For additional information, visit the SCM Microsystems web
site at http://www.scmmicro.com/. NOTE: This press release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, including, without
limitation, our statements regarding our expectations for revenues
in the third quarter of 2005. These statements are subject to risks
and uncertainties that may cause actual results to differ
materially from those contemplated herein. Our actual financial
results may not meet expectations. For a discussion of risks and
uncertainties related to our business, please refer to our public
company reports, including our Annual Report on Form 10-K for the
year ended December 31, 2004 and our Quarterly Report on Form 10-Q
for the quarter ended June 30, 2005, both filed with the U.S.
Securities and Exchange Commission. DATASOURCE: SCM Microsystems,
Inc. CONTACT: Steve Moore, Chief Financial Officer,
+1-510-360-2300, or , or Darby Dye, Investor Relations-US,
+1-510-360-2302, or , or Manfred Mueller, Investor
Relations-Europe, +49 89 9595 5140, or , all of SCM Microsystems,
Inc. Web site: http://www.scmmicro.com/
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