AMIS Holdings, Inc. Updates Second Quarter 2007 Guidance.SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden -- AMIS A·mis , Kingsley 1922-1995. British writer best known for his novels, including Lucky Jim (1954) and Jake's Thing (1978). Holdings, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AMIS), parent company of AMI Semiconductor AMI Semiconductor is a company engaged the design and manufacture of customer specific integrated circuit solutions, including solutions for the automotive, medical and industrial markets. Among its products are products that integrate processing of analog and digital signals. , a designer and manufacturer of state-of-the-art mixed-signal products and digital products for the automotive, medical, industrial, and military/aerospace markets, today updated its second quarter 2007 guidance. "Business during the second quarter has progressed mostly as we expected since our last update in April," stated Christine King Christine Elizabeth King is a British historian and university administrator. She is currently Vice-Chancellor and Chief Executive of Staffordshire University.[1] , chief executive officer, speaking today at AMI Semiconductor's Fourth Annual Analyst Day in San Francisco. "Bookings during the quarter were slightly weaker than anticipated, primarily impacting the automotive and medical markets. Progress on our operational improvement initiatives continues, however the benefit from these improvements is being offset by an unfavorable product mix. Our updated second quarter 2007 guidance is as follows: * Revenue is now expected to be up 2 to 4 percent sequentially, * Gross margin is still expected to be roughly flat sequentially, * GAAP GAAP See: Generally Accepted Accounting Principles GAAP See generally accepted accounting principles (GAAP). diluted earnings per share diluted earnings per share An earnings measure calculated by dividing net income less preferred stock dividends for a period by the average number of shares of common stock that would be outstanding if all convertible securities were converted into shares of is still expected to be in the range of $0.07 to $0.10 per diluted share. Excluding amortization of acquisition related intangibles, restructuring and impairment charges and stock compensation expense, non-GAAP diluted earnings per share is still expected to be in the range of $0.16 to $0.18, * We continue to expect full year capital expenditures to be approximately nine percent of annual revenues." This information as well as additional information from the analyst day meeting in San Francisco, including a web simulcast and replay available until June 21, 2007, is available on the AMIS Investor Relations Investor relations The process by which the corporation communicates with its investors. website at http://www.amis.com/investor_relations. About AMI Semiconductor AMI Semiconductor (AMIS) is a leader in the design and manufacture of silicon solutions for the real world. As a widely recognized innovator in state-of-the-art mixed-signal and digital products, AMIS is committed to providing customers in the automotive, medical, industrial, mil/aero, and communication markets with the optimal value, quickest time-to-market semiconductor solutions. AMI Semiconductor operates globally with headquarters in Pocatello, Idaho, European corporate offices in Oudenaarde, Belgium, and a network of sales and design centers located in the key markets of the North America, Europe and the Asia Pacific region. For more information, please visit the AMIS Web site at www.amis.com. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion