AUSTIN, TexasDec. 16, 2008Silicon Laboratories Inc.$100$102 million$0.11 to $0.13$0.34$0.36
The fourth quarter revenue outlook declined from the company's original
expectation of flat to down five percent sequentially due to supply
chain contraction and weakening end market demand. Bookings and turns
decelerated in the last few weeks as customers and channel partners have
become more cautious in the face of weak demand.
"We continue to generate strong cash flow, maintain a pristine balance
sheet and tightly control operating expenses," said Necip Sayiner,
president and CEO of Silicon Laboratories. "With more new products than
at any time in our history, we see good opportunities to gain market
share, and we believe the business is well positioned to continue to
outperform the industry."
Silicon Laboratories' fourth quarter financial announcement and
conference call are scheduled for February 4th at which time the company
will discuss results in more detail as well as the outlook for the first
quarter of fiscal 2009.
About Silicon Laboratories Inc.
Silicon Laboratories Inc. is a leading designer of high-performance,
analog-intensive, mixed-signal integrated circuits (ICs) for a broad
range of applications. Silicon Laboratories' diverse portfolio of highly
integrated, patented solutions is developed by a world-class engineering
team with expertise in cutting-edge mixed-signal design. The company has
design, engineering, marketing, sales and applications offices
throughout North America, Europe and Asia. For more information about
Silicon Laboratories, 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" 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 Asia 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 (including risks that acquisitions
may not yield the expected benefits due to the failure to properly
integrate the acquired businesses and employees; risks that the customer
base and revenue of the acquired businesses may cease to expand or may
decline; risks that the acquired business' products under development
may fail to achieve market acceptance; risks of disputes regarding the
acquired business; risks that the performance of Silicon Laboratories'
existing business may not offset the dilutive effect of an acquisition);
risks associated with 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., AustinShannon Pleasant, 512-464-9254
shannon.pleasant@silabs.com
Source: Silicon Laboratories Inc.