"We have raised our Q2 revenue and earnings guidance as a result of a stronger than expected demand from our mobile handset customers," said Robert V. Dickinson, president and CEO. "Revenue from our personal computer and digital consumer electronics products will be down sequentially due to a decline in demand for older products. Although this decline will be more rapid than expected, it will be more than offset by the greater strength in demand from our mobile handset customers." He noted that so far this quarter bookings are significantly stronger and design win activity slightly stronger than in Q1.
Conference Call Today
California Micro Devices will hold a conference call today at 2:00 p.m. Pacific Time to discuss its September quarter outlook. Within the USA, interested parties can access the conference call by dialing 866-215-1952. International parties may gain access by dialing 720-956-7299. No password is necessary.
A replay of the conference call will be available on the company's web site at www.calmicro.com (Investor Relations Link) from approximately 4:00 p.m. today until September 30, 2005.
California Micro Devices will release its actual September quarter results on Thursday, October 20, 2005, 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 handset, personal computer and digital consumer electronics markets. Key products include Application Specific Integrated Passive(TM) (ASIP(TM)) devices and selected high value mixed signal ICs. Detailed corporate and product information may be accessed at 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. Often such statements can be identified by their use of words such as will, intends, expects, plans, believes, anticipates, and estimates. Forward-looking statements made in this release include our expected revenues, both overall and in certain markets, and our earnings per share, for the second quarter of fiscal 2006. 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 sell through, drawdown of vendor managed inventory, and turns and other orders being as anticipated during the final few weeks of the quarter; and there being no interruption in the supply of quality product from our contract manufacturers, contract assemblers and test houses; as well as the 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.
ASIP(TM) and Application Specific Integrated Passive(TM) are trademarks of California Micro Devices.
CONTACT: Greg Miller, Chief Financial Officer of California Micro Devices,
+1-408-934-3144 or
Email Contact
Web site: http://www.calmicro.com/