AMIS Holdings, Inc. Updates Second Quarter Guidance; AMIS Reiterates Second Quarter Earnings Per Share Guidance.POCATELLO, Idaho Pocatello (IPA: [po kə tɛ lo]) is the county seat and largest city of Bannock CountyGR6 -- Second graph, first sentence of release should read: "We believe second quarter revenue will come in at the high end of our previous guidance of up two to five percent sequentially due to strength in our target markets of automotive, medical and industrial," stated David Henry
David Henry (b.February 24, 1975 in Denver, Colorado)is an IFBB professional bodybuilder. , senior vice president and chief financial officer, who will be speaking today at AMI Semiconductor's analyst day in San Francisco. (sted "We believe second quarter revenue will come in at the high end of our previous guidance of up two to four percent sequentially due to strength in our target markets of automotive, medical and industrial," stated David Henry, senior vice president and chief financial officer, who will be speaking today at AMI Semiconductor's analyst day in San Francisco.) The corrected release reads: AMIS A·mis , Kingsley 1922-1995. British writer best known for his novels, including Lucky Jim (1954) and Jake's Thing (1978). HOLDINGS, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . UPDATES SECOND QUARTER GUIDANCE; AMIS REITERATES SECOND QUARTER EARNINGS PER SHARE GUIDANCE AMIS Holdings, Inc. (Nasdaq:AMIS), parent company of AMI Semiconductor, a designer and manufacturer of state-of-the-art integrated mixed-signal products and structured digital products for the automotive, medical and industrial sectors, today announced updated guidance for the second quarter of 2005. "We believe second quarter revenue will come in at the high end of our previous guidance of up two to five percent sequentially due to strength in our target markets of automotive, medical and industrial," stated David Henry, senior vice president and chief financial officer, who will be speaking today at AMI Semiconductor's analyst day in San Francisco. "Gross margins are also expected to be at the high end of our previous guidance of flat to up 50 basis points sequentially. We also reiterate our previous guidance for pro forma earnings pro forma earnings Income not necessarily calculated in accordance with generally accepted accounting principles. For example, a company might report pro forma earnings that exclude depreciation expense and nonrecurring expenses such as restructuring costs. per share of $0.12 to $0.14. We continue to evaluate a potential special tax charge of approximately two cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. which may result from a revaluation Revaluation A calculated adjustment to a country's official exchange rate relative to a chosen baseline. The baseline can be anything from wage rates to the price of gold to a foreign currency. In a fixed exchange rate regime, only a decision by a country's government (i.e. of our US deferred tax assets." This information as well as additional information from the analyst day meeting in San Francisco, including a web simulcast and replay available until June 22, 2005, are available on the AMIS Investor Relations Investor relations The process by which the corporation communicates with its investors. Web site 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 integrated mixed-signal products, mixed-signal foundry services and structured digital products, AMIS is committed to providing customers with the optimal value, quickest time-to-market semiconductor solutions. Offering unparalleled manufacturing flexibility and dedication to customer service, 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. Forward-Looking Statements Statements in this press release other than statements of historical fact are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The Company's future results could differ materially from the expectations discussed herein. Factors that could cause or contribute to such differences include general economic and political uncertainty, conditions in the semiconductor industry, changes in the conditions affecting our target markets, manufacturing underutilization, fluctuations in customer demand, raw material costs, exchange rates, timing and success of new products, competitive conditions in the semiconductor industry, risks associated with international operations and the other risks and uncertainties discussed in the Company's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. Annual Report for the year ended Dec. 31, 2004, Form 10-Q Form 10-Q See 10-Q. Quarterly Reports and other reports filed with the SEC. The Company does not intend to revise or update any forward-looking statements to reflect events or circumstances after the date of this press release. |
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