California Micro Devices Affirms December Quarter Guidance

1/7/2002 - California Micro Devices (Nasdaq:CAMD) today affirmed its prior guidance for the December quarter (fiscal Q3) that revenue would be in the range of $7.0 to $7.5 million, and pro forma net loss per share, before restructuring and other charges related to adopting a new manufacturing model, would be in the range of $0.38 to $0.40. The company also projected a strengthened fiscal Q3 balance sheet reflecting increased cash from its recent private equity placement as well as continued progress in its inventory reduction program. Including the proceeds from its $8.2 million private placement, reported on December 3, 2001, the company's cash balance at the end of fiscal Q3 totals approximately $10.6 million, up from the $4.5 million in the prior quarter.

Previous Page | News by Category | News Search

If you found this page useful, bookmark and share it on: