Cirrus Logic Expects December Quarter Revenue at/or Slightly Above High End of Guidance Range.Business Editors AUSTIN, Texas--(BUSINESS WIRE)--Dec. 21, 2001 Cirrus Logic (company) Cirrus Logic - A manufacturer of integrated circuits including the Advanced RISC Machine and display interface processors and cards for use as Windows accelerators (requiring dedicated driver software). http://cirrus.com/. Inc., (Nasdaq:CRUS crus (krus) pl. cru´ra [L.] 1. leg (1). 2. a leglike part. crus ce´rebri ) the premier supplier of high-performance analog and DSP (1) (Digital Signal Processor) A special-purpose CPU used for digital signal processing applications (see definition #2 below). It provides ultra-fast instruction sequences, such as shift and add, and multiply and add, which are commonly used in math-intensive semiconductor solutions for digital entertainment electronics, said today that revenue for its fiscal third quarter of 2002, ending Dec. 29, 2001, will be at or slightly above the high end of the company's revenue guidance and that its pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma loss per share is expected to be in the favorable end of its loss per share guidance given on the company's Oct. 24, 2001 conference call. The company said that the increased revenue is due to better than expected turns business. "We remain very confident that our focus on the digital entertainment industry is the right strategy and that this is the segment that will drive the semiconductor industry's next up cycle," said David D. French, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Cirrus Logic. Cirrus will announce its final fiscal third quarter results in a conference call on Jan. 24, 2002. About Cirrus Logic Cirrus Logic is the premier supplier of high-performance analog and DSP chip solutions for consumer entertainment electronics that allow people to see, hear, connect, and enjoy digital entertainment. Building on its global market share leadership in audio integrated circuits and its rich mixed-signal patent portfolio, the company targets mainstream audio, video and Internet entertainment applications in the consumer entertainment market. Cirrus Logic operates from headquarters in Austin, Texas and major sites located in Fremont and El Dorado Hills, California El Dorado Hills is a census-designated place which encompasses 17.9 square miles of land along the western boundary of El Dorado County, California. The population is estimated at 35,276 as of January 2006[1] making it the largest community in El Dorado County. ; Broomfield and Boulder, Colorado; as well as offices in Europe, Japan and Asia. More information about Cirrus Logic is available at www.cirrus.com. Except for historical information contained herein, the matters set forth in this news release are forward-looking statements that are dependent on certain risks and uncertainties listed 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. for the year ended March 31, 2001, and in other filings with the Securities and Exchange Commission. The foregoing information concerning Cirrus Logic's business outlook represents our outlook as of the date of this news release, and Cirrus Logic undertakes no obligation to update or revise any forward-looking statements, whether as a result of new developments or otherwise. |
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