California Micro Devices First Quarter Financial Outlook.

Business Editors/High-Tech Writers

MILPITAS, Calif.--(BUSINESS WIRE)--June 7, 2001

California Micro Devices Corporation (CAMD) (Nasdaq NMS:CAMD), a leading manufacturer of Integrated Passive Devices (IPDs) and complementary semiconductor solutions, today updated the outlook for its financial performance for the first quarter ending June 30, 2001. The company now expects revenue for the first quarter to be in the range of $7.6 to $8.4 million, which would be down 30% from last quarter. Due to the lower revenue and anticipated inventory reserves, the company expects to lose between 20 and 25 cents in the quarter.

Conference Call

CAMD will conduct a conference call with analysts and investors to discuss its updated first quarter outlook today (Thursday, June 7) at 2:00 p.m. PST. The company will broadcast the conference over the Internet. To listen to the call, please visit the Investor Information section of the CAMD's website at http://www.camd.com/ir/ir.htm or go to www.streetfusion.com. The Webcast will be recorded and available for replay until 5:00 p.m. Pacific Time on June 21, 2001.

Live: 1-800-752-1361 and reference identification number 05170191

Replay: 1-800-677-6200 and reference PIN number 2443

Except for the historical statements, there are some materials that will be discussed in this conference call, including, without limitation, estimates of future revenues, profit or loss, and margin; product demand and market conditions; inventory utilization and backlog; and technology and new products, that are forward looking statements and which involve risks and uncertainties. They are not historical facts or guarantees of future performance or events. They are based on current expectations, estimates, beliefs, assumptions, and goals and objectives and are subject to uncertainties that are difficult to predict. Often such statements can be identified by their use of words such as will, intends, expects, plans, believes, anticipates, expects, and estimates. Factors that could cause actual results to differ materially from our forward-looking statements are identified in the Company 10K and include, but are not limited to: business conditions and growth in the electronics industry and the general economy, both domestic and international; technology acceptance; lower than expected customer orders; competitive factors, including pricing pressures, technological developments and products offered by competitors; availability of materials; technological difficulties and resource constraints encountered in developing new products; and the timely flow of competitive new products and technologies and their market acceptance. In addition, actual results may differ materially from the statements made as a result of risk factors inherent in our business, industry, customer base, or other factors. Except as required by law, we undertake no obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.

Headquartered in Milpitas, California, California Micro Devices Corporation is a leading supplier of integrated thin film passive devices and complementary analog semiconductors. The company's products are typically employed on the periphery edge of complex systems to deal with real world issues including termination, filtering, electrostatic discharge (ESD), power management and amplification for a broad spectrum of computer, communications, medical and lighting applications.