AUSTIN, Texas--(BUSINESS WIRE)--June 24, 2008--Silicon
Laboratories Inc. (Nasdaq: SLAB), a leader in high-performance,
analog-intensive, mixed-signal integrated circuits (ICs), today
announced it raised second quarter revenue guidance to $102 to $104
million, up from $98 to $101 million, due to stronger than expected
demand, particularly in the voice and embedded modem businesses. The
guidance revision was provided as an update concurrent with the
announcement of the acquisition of Integration Associates, also made
today.
Based on increased revenue expectations, GAAP diluted earnings per
share for the quarter are expected to increase to $0.23 to $0.25
compared to previous guidance of $0.20 to $0.22, and non-GAAP diluted
earnings per share are expected to increase to $0.40 to $0.42 compared
to previous guidance of $0.37 to $0.39. Non-GAAP earnings per share
exclude anticipated non-cash charges of $0.17 for stock compensation
expenses.
Conference Call Wednesday, June 25th
The company will host a conference call to discuss the upward
guidance revision and today's announcement of the agreement to acquire
Integration Associates on Wednesday, June 25th at 7:30 a.m. central
time. To access the presentation and audio webcast, visit Silicon
Laboratories' website under Investor Relations at
http://www.silabs.com. A replay will be available after the call until
July 9th at the website listed above or by calling 866-431-5843 (U.S.)
or +1 203-369-0958 (international).
About Silicon Laboratories Inc.
Silicon Laboratories is an industry leader in the innovation of
high-performance, analog-intensive, mixed-signal ICs. Developed by a
world-class engineering team with unsurpassed expertise in
mixed-signal design, Silicon Labs' diverse portfolio of
highly-integrated, easy-to-use products offers customers significant
advantages in performance, size and power consumption. These patented
solutions serve a broad set of markets and applications including
consumer, communications, computing, industrial and automotive.
Headquartered in Austin, TX, Silicon Labs is a global enterprise
with operations, sales and design activities worldwide. The company is
committed to contributing to our customers' success by recruiting the
highest quality talent to create industry-changing innovations. For
more information about Silicon Labs, please visit www.silabs.com.
Forward-Looking Statements
This press release contains forward-looking statements based on
Silicon Laboratories' current expectations. The words believe,
estimate, expect, intend, anticipate, plan, project,
will, guidance and similar phrases as they relate to Silicon
Laboratories are intended to identify such forward-looking statements.
These forward-looking statements reflect the current views and
assumptions of Silicon Laboratories and are subject to various risks
and uncertainties that could cause actual results to differ materially
from expectations. Among the factors that could cause actual results
to differ materially from those in the forward-looking statements are
the following: risks that Silicon Laboratories may not be able to
maintain its historical growth; quarterly fluctuations in revenues and
operating results; volatile stock price; average selling prices of
products may decrease significantly and rapidly, dependence on a
limited number of products and customers; difficulties developing new
products that achieve market acceptance; risks that Silicon
Laboratories may not be able to manage strains associated with its
growth; dependence on key personnel; difficulties managing our
manufacturers and subcontractors; difficulties managing international
activities; credit risks associated with our accounts receivable;
geographic concentration of manufacturers, assemblers, test service
providers and customers in the Pacific Rim that subjects Silicon
Laboratories' business and results of operations to risks of natural
disasters, epidemics, war and political unrest; product development
risks; inventory-related risks; intellectual property litigation
risks; risks associated with acquisitions and divestitures; the
competitive and cyclical nature of the semiconductor industry and
other factors that are detailed in Silicon Laboratories' filings with
the SEC. Silicon Laboratories disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a result
of new information, future events or otherwise.
Note to editors: Silicon Laboratories, Silicon Labs and the
Silicon Labs logo are trademarks of Silicon Laboratories Inc. All
other product names noted herein may be trademarks of their respective
holders.
CONTACT: Silicon Laboratories Inc., Austin
Shannon Pleasant, 512-464-9254
shannon.pleasant@silabs.com
SOURCE: Silicon Laboratories Inc.