02MICRO INTERNATIONAL EXPECTS Q2 2009 RESULTS TO EXCEED EXPECTATIONS
|O2Micro Expects Upside Q2 Results|
On Monday June 15, 2009, 8:30 am EDT
GEORGE TOWN, Grand Cayman--(BUSINESS WIRE)--O2Micro® International Limited (NASDAQ :OIIM) (SEHK:0457 - News), a leading supplier of innovative power management and security components, expects Q2 2009 results to exceed prior expectations.
The company estimates that Q2 2009 revenue should be approximately $34 million. At this level, Q2 revenue would represent a sequential increase of approximately 47% from the first quarter of 2009. The corresponding gross margin should be at the upper-end of the company’s original range for the second quarter, while operating expenses should also be consistent with the original Q2 targets.
The strength in the second quarter of 2009 was attributable to resilient demand in the LCD TV market, the continued ramp of new products, and growth in the Chinese market, in addition to other contributors.
Sterling Du, Chairman and CEO, commented, “We are seeing follow through from many of the same factors that contributed to our upside surprise in the first quarter. These factors are validating our long-term investments in China and new products, as well as helping us to overcome challenging business conditions.”
Founded in April 1995, O2Micro develops and markets innovative power management and security components for the Computer, Consumer, Industrial, and Communications markets. Products include Intelligent Lighting, Battery Management, Power Management, and SmartCardBus® products.
O2Micro International maintains an extensive portfolio of intellectual property with 11,830 patent claims granted, and over 14,000 more pending. The company maintains offices worldwide. Additional company and product information can be found on the company website at www.o2micro.com.
O2Micro, the O2Micro logo, SmartCardBus, and combinations thereof are registered trademarks of O2Micro. All other trademarks are the property of their respective owners.
Certain statements in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. They include statements regarding O2Micro’s future growth, long term profitability, increases in shareholder value, introduction of innovative technologies, expansion of O2Micro’s product and patent portfolios, legal expenditures, litigation activity and other statements regarding O2Micro’s or management’s intentions, hopes, beliefs, expectations, representations, projections, plans or predictions of the future. Such statements involve risks and uncertainties that may cause actual results to differ materially from those set forth in these statements. Factors that could cause actual results to differ materially include risks and uncertainties such as reduced demand for products of electronic equipment manufacturers which