Pericom Semiconductor Updates Second Quarter Revenue Guidance
SAN JOSE, CA -- (Marketwire) -- 01/04/13 -- Pericom Semiconductor
Corporation (NASDAQ: PSEM), a worldwide supplier of high-speed
integrated circuits and frequency control products, today announced
updated revenue guidance for the second quarter of fiscal 2013, which
ended December 29, 2012.
Pericom now expects sales to be $29.0 to $30.0 million compared to
previous guidance of $30.5 to $34.5 million. Guidance for gross
margins and operating expenses remain unchanged.
"The demand environment has remained weak throughout the quarter,
therefore we are updating our guidance on revenues," commented Alex
Hui, President and CEO of Pericom. "We have seen continued softness
in end user demand resulting from challenging macroeconomic
conditions in both our domestic and international markets."
No conference call will be held in conjunction with this guidance
update. Additional information will be available when the Company
reports its second quarter 2013 results during the week of January
Pericom Semiconductor Corporation (NASDAQ: PSEM) enables serial
connectivity with the industry's most complete solutions for the
computing, communications, consumer and embedded market segments.
Pericom's analog, digital and mixed-signal integrated circuits, along
with its frequency control products are essential in the timing,
switching, bridging and conditioning of high-speed signals required
by today's ever-increasing speed and bandwidth demanding
applications. Company headquarters is in San Jose, California, with
design centers and technical sales and support offices globally. More
information may be found at our website, http://www.pericom.com.
Safe Harbor Statement
This press release contains forward-looking statements as defined
under The Securities Litigation Reform Act of 1995. Forward-looking
statements in this release include the statements regarding the
anticipated revenues, gross margin, and operating expenses in the
second fiscal quarter of 2013, and a statement from our CEO regarding
revenue weakness. The Company's actual results could differ
materially from what is set forth in such forward-looking statements
due to a variety of risk factors, including softness in demand for
our products, price erosion for certain of our products, unexpected
difficulties in developing new products, customer decisions to reduce
inventory, economic or financial difficulties experienced by our
customers, or technological and market changes. All forward-looking
statements included in this document are made as of the date hereof,
based on information available to the Company as of the date hereof,
and Pericom assumes no obligation to update any forward-looking
statements. Parties receiving this release are encouraged to review
our annual report on Form 10-K for the year ended June 30, 2012, our
quarterly report on Form 10-Q for the quarter ended September 29,
2012, and in particular, the risk factors sections contained in those
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