02MICRO INTERNATIONAL LIMITED ANNOUNCES THIRD QUARTER RESULTS
|O2Micro Announces Preliminary Results for the Third Quarter|
Wednesday October 1, 4:00 pm ET
GEORGE TOWN, Grand Cayman--(BUSINESS WIRE)--O2Micro® International Limited (NASDAQ:OIIM) (SEHK:0457 - News), a leading supplier of innovative power management, and security components and systems, is announcing preliminary data for its third quarter of fiscal 2008.
The Company expects third quarter revenue to be $37-38 million. Gross margin in the third quarter should be slightly higher than the second quarter of 2008. We currently expect R&D expense to be above the second quarter level, while SG&A expense should be down sequentially. This should result in operating expenses that are similar to the second quarter of 2008.
Sterling Du, chairman and CEO of O2Micro, commented, “it was a challenging quarter, but we maintained tight expense controls and delivered solid pro-forma profitability along with a very strong gross margin. As we previously discussed, our dollar content in low-end machines is less and the weak economic conditions have exacerbated this problem.”
O2Micro will announce its complete financial results for the third quarter ended September 30, 2008 before the market opens on Wednesday, October 29, 2008.
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 10,001 patent claims granted, and over 12,000 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. All other trademarks are the property of their respective owners.
Certain statements in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. They include statements regarding O2Micro’s future growth, long term profitability, increases in shareholder value, expansion of O2Micro’s product and patent portfolios, legal expenditures, litigation activity and other statements regarding O2Micro’s or management’s intentions, hopes, beliefs, expectations, representations, projections, plans or predictions of the future. 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 development 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.
O2Micro International Limited
Gary E. Abbott, 408-987-5920 x8888
Director of Investor Relations