DALSA Announces Preliminary Fourth Quarter 2005 Results.WATERLOO, Ontario Coordinates: Waterloo is a city in Ontario, Canada. It is the smallest of the three cities in the Regional Municipality of Waterloo, and is adjacent to the larger city of Kitchener. -- DALSA Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :DSA (1) (Directory Server Agent) An X.500 program that looks up the address of a recipient in a Directory Information Base (DIB), also known as white pages. It accepts requests from the Directory User Agent (DUA) counterpart in the workstation. ), an international high performance semiconductor and electronics company, today announced preliminary fourth quarter 2005 financial results. For the quarter, the Company expects revenue to be $41.8 million, which is below the revenue goal of $43.5 to $47.5 million provided on October 27, 2005. At that level of revenue, earnings are expected to be $0.05 per share diluted, which is below Management's expectations. The Company was cash flow positive from operations in the quarter. "In the fourth quarter, several orders from flat panel display A thin display screen for computer and TV usage. The first flat panels appeared on laptop computers in the mid-1980s, and the LCD technology became the standard. Stand-alone LCD screens became available for desktop computers in the mid-1990s and exceeded sales of CRTs for the first time and professional photography customers in the Company's Digital Imaging Business were pushed out, resulting in revenues that were below expectations," said Savvas Chamberlain, 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 DALSA Corporation. "This unanticipated shortfall, in addition to unfavourable product mix in the Semiconductor Business, contributed to the lower than expected earnings in the quarter. Although we are disappointed we did not meet our financial goals due to these factors, we are encouraged to see that some flat panel display orders pushed out of the fourth quarter are now shipping in the first quarter of 2006. After an unprecedented year long pause in FPD (1) (Flat Panel Display) See LCD, plasma display, EL display, FED and flat panel display. (2) (Field Programmable Device) An umbrella term for all chips that can be programmed by the customer including SPLDs, CPLDs and FPGAs. See PLD. capital equipment build-out in 2005, recent reports market-wide indicate next generation plants will launch in 2006 and our shipment of orders in early 2006 supports that indication." Final Fourth Quarter Results and Conference Call The Company will release its final Fourth Quarter 2005 financial results at 4:00pm ET on Thursday, January 26th, 2006. A conference call to discuss the results will be held the same day at 5:00pm ET. The conference call, followed by the question and answer period, will be broadcast live and open to anyone interested in listening at http://events.onlinebroadcasting.com/dalsa/012606/index.php. The phone numbers for those who wish to participate in the question and answer period are as follows: Live Conference Access Information: Local / International Number: 416-850-9150 North American Toll-Free Number: 1-866-809-4939 Instant Replay Access information: Local Dial-In Number: 402-220-7735 Toll-Free Dial-In Number: 1-800-766-3735 Passcode: 4254668 Expiry: February 9, 2006 About DALSA Corporation DALSA is an international high performance semiconductor and electronics company that designs, develops, manufactures, and markets digital imaging products and solutions, in addition to providing semiconductor products and services. DALSA's core competencies are in specialized integrated circuit integrated circuit (IC), electronic circuit built on a semiconductor substrate, usually one of single-crystal silicon. The circuit, often called a chip, is packaged in a hermetically sealed case or a nonhermetic plastic capsule, with leads extending from it for and electronics technology, software, and highly engineered semiconductor wafer processing. Products and services include image sensor components; electronic digital cameras; vision processors; image processing software; and semiconductor wafer foundry services for use in MEMS (MicroElectroMechanical Systems) Tiny mechanical devices that are built onto semiconductor chips and are measured in micrometers. In the research labs since the 1980s, MEMS devices began to materialize as commercial products in the mid-1990s. , high-voltage semiconductors, image sensors and mixed-signal CMOS (Complementary Metal Oxide Semiconductor) Pronounced "c-moss." The most widely used integrated circuit design. It is found in almost every electronic product from handheld devices to mainframes. chips. DALSA is listed on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol "DSA". The Company has its corporate offices in Waterloo, ON and approximately 1000 employees world-wide. This press release contains forward looking statements based on assumptions, uncertainties and management's best estimates of future events. Actual results may differ materially from those currently anticipated. Investors are cautioned that such forward-looking statements involve risks and uncertainties. Important factors that could cause actual results to differ materially from those expressed or implied by such forward looking statements are detailed from time to time in DALSA's periodic reports filed with the Ontario Securities Commission The Ontario Securities Commission (OSC) is a regulatory agency which administers and enforces securities legislation in the Canadian province of Ontario. The OSC is an Ontario Crown corporation which reports to the Ontario legislature through the Minister of Finance. and other regulatory authorities. DALSA has no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. DALSA Corporation (TSX:DSA) |
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