Product category:
Communications ICs (Wired)
News Release from: Tundra Semiconductor
Edited by the Electronicstalk Editorial
Team on 11 November 2003
Acquisition revenues boost Tundra's
outlook
Tundra Semiconductor expects to exceed its financial guidance for Q2 fiscal year 2004.
Tundra Semiconductor expects to exceed its financial guidance for Q2 fiscal year 2004 Tundra now expects Q2 revenue to grow by between 51 and 53% sequentially, an increase from the 35 to 40% sequential growth forecast announced on 25th September 2003
This article was originally published on Electronicstalk on 25 May 2001 at 8.00am (UK)
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The revenue for Q1 2004 was $11.2 million.
"This increase in revenue growth is a pleasant surprise", said Jim Roche, President and CEO of Tundra.
"It is caused by stronger than expected sales in October of the Tsi106 and Tsi107, products that Tundra purchased at the end of September.
Although we still believe that the current run rate for these products is between $4.5 and $5.0 million per quarter, revenues in any quarter can fluctuate monthly due to customer requirements.
October was a higher than average month for this product line".
"During Q2 we anticipate our pro forma earnings per share to be between $0.11 and $0.13, up from the projected $0.09 to $0.10 per share announced in September", said Norm Paquette, Chief Financial Officer of Tundra.
"Our gross margins remain strong and are in line with the earlier guidance".
Tundra's second quarter for fiscal year 2004 ended on 2nd November 2003.
Detailed financial results will be announced on 3rd December 2003.
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