Exar Revises FY'09 Q3 Guidance

FREMONT, Calif., Dec. 23 /PRNewswire-FirstCall/ -- Exar Corporation (NASDAQ: EXAR) today revised its revenue estimate for its 2009 third fiscal quarter ending December 28, 2008. The Company now projects that the December 2008 quarter revenue is expected to be between $25.5 million and $27.0 million, down approximately 7% to 12% below guidance issued on October 30, 2008.

"Like other semiconductor companies, we are being impacted by macro- economic conditions and have seen a drop-off in demand for our products," said Pete Rodriguez, the Company's president and chief executive officer. "Despite these current challenges, we remain focused on creating winning products, reducing operating expenses, and positioning the Company for growth once market trends improve."

Safe Harbor Statement

The Company's statements in this release about its future financial performance, among others, are forward-looking statements that involve risks and uncertainties. These risks and uncertainties are detailed in the Company's SEC reports, including its Annual Report on Form 10-K for the year ended March 30, 2008 and Forms 10-Q for the fiscal quarters ended June 29, 2008 and September 28, 2008.

About Exar

Exar Corporation is Powering Connectivity by delivering highly differentiated silicon solutions empowering products to connect. With distinctive knowledge in analog and digital technologies, Exar enables a wide array of applications such as portable devices, home media gateways, communications systems, and industrial automation equipment. Exar has locations worldwide providing real-time system-level support to drive rapid product innovation. For more information about Exar visit: http://www.exar.com.

Web site: http://www.exar.com/




Review Article Be the first to review this article
Featured Video
Jobs
Currently No Featured Jobs
Upcoming Events
CDNLive Japan 2018 at The Yokohama Bay Hotel Tokyu Yokohama Japan - Jul 20, 2018
MAPPS 2018 Summer Conference at The Belmond Charleston Place Charleston SC - Jul 22 - 25, 2018
International Test Conference India 2018 at Bangalore India - Jul 22 - 24, 2018
SRTC-2018 at The Leela Ambience Gurugram NEW DELHI India - Jul 25 - 26, 2018
DownStream: Solutions for Post Processing PCB Designs
TrueCircuits: IoTPLL



Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise