Integrated Circuit Systems Reiterates Revenue & Earnings Guidance for Q1 Fiscal 2001.
VALLEY FORGE, Pa.--(BUSINESS WIRE)--Sept. 26, 2000
Company Continues to See Strong Demand From Its PC,
Communications and Digital Consumer Markets
Integrated Circuit Systems, Inc. (Nasdaq:ICST) today announced that it reiterates its revenue and earnings guidance for the fiscal quarter ending September 30, 2000.
Integrated Circuit Systems expressed confidence that it would meet stated targets of 10% overall revenue growth sequentially and affirmed that it was comfortable to meet or exceed analysts' consensus for fiscal first quarter earnings of $0.19 per share on a fully-diluted basis for the quarter ending September 30, 2000.
According to Hock Tan, President and CEO of Integrated Circuit Systems, "Demand for our timing devices continues to be strong in all our key markets." Mr. Tan added, "Our major sales and marketing strategy over the past year has been to leverage our leading market position in the PC market as well as high growth areas such as the communications and digital consumer sectors. These high growth areas now make up close to 50% of our revenue base."
Integrated Circuit Systems, Inc. is a leader in the design, development and marketing of silicon timing devices for communications, networking, computing and digital multimedia applications. The Company is headquartered in Valley Forge, PA, with key facilities in San Jose, CA; Tempe, AZ; and Singapore.
The statements in this news release contain forward-looking statements that involve risks and uncertainties that could cause actual results to differ from anticipated results. Further information on risk factors that could affect Integrated Circuit Systems' results of operation are detailed in Integrated Circuit Systems' registration statement, as filed with the Securities and Exchange Commission. A copy of the registration statement, including exhibits, may be reviewed at the Commission's public reference room at Judiciary Plaza, 450 Fifth Street, N.W., Washington, D.C. 20549. The registration statement and other company filings can also be reviewed by accessing the Commission's Internet site at http://www.sec.gov, which contains reports, proxy and
information statements and other information regarding registrants that file electronically with the Commission.
|Printer friendly Cite/link Email Feedback|
|Date:||Sep 26, 2000|
|Previous Article:||Frontier Insurance Group, Inc. Announces Appointment of New Auditing Firm, Johnson Lambert & Co.|
|Next Article:||Law Firm Rabin & Peckel Announces Class Action Lawsuit Against Independent Energy Holdings.|