O2Micro Revises Guidance For Q1
|O2Micro Revises Guidance For Q1|
SANTA CLARA, Calif. & GEORGE TOWN, Grand Cayman--(BUSINESS WIRE)--March 19, 2004--O2Micro(R) International Limited (Nasdaq:OIIM), a leading supplier of innovative power management and security Ics today announced a revision to its guidance for revenue for Q1 FY2004, to end March 31.
Revenue guidance for Q1 provided during the company's earnings report conference call on February 4 was "flat with Q4". Today the company has revised revenue guidance to "down approximately 11% to 14% from Q4". Q4 revenue was $25,170,000. The company cited significant weakness in the portable PC market with lower than expected run rates at major manufacturers in Taiwan and China.
The revised revenue guidance for Q1 represents a growth in revenue of approximately 11% to 14% from Q1 revenue of the prior year of $19,341,000.
The company estimates that Q1 earnings per share will be in the approximate range of 8 cents to 10 cents, compared to 4 cents for Q1of the prior year.
Founded in April 1995, O2Micro designs, develops and markets innovative power management and security components for mobile communication, computer, information appliance, and LCD products.
Products include Intelligent Lighting, Battery Charger and Management, DC/DC Converter, SmartCardBus(R) and 4-in-1 MemoryCardBus(TM) ICs.
O2Micro International maintains an extensive portfolio of intellectual property with 1391 patent claims granted, and over 5000 more pending. The company maintains offices worldwide. Additional company and product information can be found on the company website at www.o2micro.com.
Statements made in this release that are not historical, including statements regarding O2Micro's or management's intentions, hopes, beliefs, expectations, representations, projections, plans or predictions of the future, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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 include O2Micro's products due to adverse economic conditions in general or specifically affecting O2Micro's markets, technical difficulties and delays in the developments process, and errors in the products. You are also referred to the Form F-1 in connection with the company's initial public offering in August 2000, Form F-3 in connection with the company's public offering in November 2001, and the annual reports on Form 20-F, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The company assumes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise.
Note: In "O2Micro," the 2 should read as subscript.
Gil Goodrich, 408-987-5920 x8013 (Director of IR)