O2MICRO REVISES GUIDANCE FOR Q4
O2Micro Revises Guidance for Q4
Monday December 19, 1:50 am ET
SANTA CLARA, Calif. & GEORGE TOWN, Grand Cayman--(BUSINESS WIRE)--Dec. 19, 2005--O2Micro® International Limited (Nasdaq:OIIM - News) a leading supplier of innovative power management and security components and systems for the Computer, Consumer, Industrial, and Communications markets, today announced a revision to its guidance for revenue for Q4 FY 2005, to end December 31, 2005.
O2Micro now projects its fourth quarter revenues to be up 2% to 3% from Q3. This revision is a result of reduced ordering of LCD monitors. The Commercial Times, Taiwan, reported that Dell alone had cancelled 600,000 units of LCD monitors in November and December, and has about 1,600,000 units in inventory, or double the regular inventory level of 800,000 units. O2Micro is a leading supplier into the LCD monitor market.
Although some inventory correction is likely to occur into January, O2Micro does expect ongoing quarter to quarter growth in Q1 over Q4.
Any prior guidance that is not consistent with the above should no longer be relied upon. The foregoing guidance represents the views of management as of December 19, 2005 and should not be assumed to be accurate as of any date other than such date. O2Micro undertakes no legal duty to update such information whether as a result of new information, future events or otherwise.
Statements made in this release that are not historical, including statements regarding O2Micro's projection of fourth quarter revenues to be up 2% to 3% from the third quarter, O2Micro's expectation of ongoing quarter to quarter growth in the first quarter of 2006 over the fourth quarter of 2005, O2Micro's or management's intentions, hopes, beliefs, expectations, representations, projections, plans or predictions of the future, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties that may cause actual results to differ materially from those set forth in these statements. Factors that could cause actual results to differ materially include risks and uncertainties such as reduced demand for products of electronic equipment manufacturers which include O2Micro's products due to adverse economic conditions in general or specifically affecting O2Micro's markets, technical difficulties and delays in the developments process, and errors in the products. You are also referred to the Form F-1 in connection with the company's initial public offering in August 2000, Form F-3 in connection with the company's public offering in November 2001, and the annual reports on Form 20-F, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The company assumes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise.
Founded in April 1995, O2Micro develops and markets innovative power management, and security components and systems for the Computer, Consumer, Industrial, and Communications markets. Products include Intelligent Lighting, Battery Management, Power Management, SmartCardBus® and Security products, such as VPN/Firewall system solutions.
O2Micro International maintains an extensive portfolio of intellectual property with 3,271 patent claims granted, and over 5,000 more pending. The company maintains offices worldwide. Additional company and product information can be found on the company website at www.o2micro.com.
O2Micro, the O2Micro logo, SmartCardBus and combinations thereof are registered trademarks of O2Micro.
Gil Goodrich, 408-987-5920, Ext. 8013