Integrated Silicon Solutions (ISSI) a fabless semiconductor company, designs and markets integrated circuits for digital consumer electronics, networking, mobile communications, automotive electronics, and industrial markets.
The Company's products include high speed and low power SRAM; and low and medium density DRAM. Its SRAM products are used in WLANs, cell phones, base stations, networking switches and routers, fiber to the home (FTTH), DSL modems, LCD TVs, set-top boxes, GPS systems, instrumentation, engine control systems, medical equipment, telematics, audio and video equipment, satellite radio, POS terminals, fax machines, copiers, tape drives, and other applications.
ISSI is headquartered in Silicon Valley with worldwide offices in Taiwan, Japan, Singapore, China, Europe, Hong Kong, India, and Korea.
ISSI Investor Highlights
ISSI has experienced better than expected end market demand and pricing, primarily for its DRAM products. Therefore the Company is increasing its revenue and margin guidance upward for the quarter to revenue of between $54 million and $56 million compared to previous guidance of $48 million to $52 million.
Revised net income to $0.20 to $0.24 per fully diluted share compared to previous guidance of between $0.08 and $0.12 per share.
Recently introduced the newest members of their ultra low power Mobile SDRAM family, these devices provide the lowest power consumption in the industry with an operating current of 50mA, standby current in power down mode of 80uA, and deep power down mode current of 10uA.
Reported financial results for the first fiscal quarter with revenue of $50.6 million, an 8.9% increase from revenue of $46.4 million in the September 2009 quarter and a 34.2% increase from revenue of $37.7 million in the December 2008 quarter.
Announced net income in the first quarter of fiscal 2010 was $7.2 million, $0.28 per diluted share. This compares with net income for the September 2009 quarter of $4.8 million, or $0.19 per diluted share.
Announced the formation of a separate business unit focused on its ASSP business that includes its EEPROM and SmartCard products The new unit will operate under the name of Giantec Semiconductor.
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