TriQuint Semiconductor Gives Mid-Quarter Guidance Update
Hillsboro, OR. TriQuint Semiconductor, Inc. (Nasdaq:TQNT) today announced that due to market volatility it has revised its guidance for the current quarter and year. In a conference call today the company announced that it believes revenue for the current quarter ending March 31, 2001 could be $80M which is a decline from the $90.3M reported in the quarter ending December 31, 2000. The company also announced that earnings per share could decline to $.14 cents per diluted share in the quarter ending March 31, 2001.
All are welcomed to listen to a recording of the call via a webcast accessed through the Investor Relations section of Triquint Semiconductor s website: www.triquint.com. A script of the call is also available on the company s website.
This press release contains both historical information and forward-looking statements. A number of factors affect the Company s operating results and could cause the Company s actual future results to differ materially from any forward-looking results indicated in this press release or in any other forward-looking statements made by, or on behalf of, the Company, including those related to the continued strength of the Company s markets, the growth in demand for semiconductors for applications such as optical networks and wireless communications, and performance of its manufacturing facilities. The Company cannot provide any assurance that future results will meet expectations. Results could differ materially based on various factors, including the Company s performance and market conditions. In addition, historical information should not be considered an indicator of future performance. Additional considerations and important risk factors are described in the Company s Reports on Form 10-Q and 10K and other filings with the Securities and Exchange Commission. These reports can also be accessed at the SEC web site, www.sec.gov.
TriQuint Semiconductor, Inc. (Nasdaq:TQNT) is a leading worldwide supplier of a broad range of high performance gallium arsenide (GaAs) integrated circuits. TriQuint s products span the RF and millimeter wave frequency ranges and employ analog and mixed signal circuit designs. They are used in wireless communications, telecommunications, data communications and aerospace systems. TriQuint offers both standard and customer specific products as well as foundry services. TriQuint s two operations, in Oregon and Texas, are both certified to the ISO 9001 international quality standard.
TriQuint is headquartered at 2300 NE Brookwood Parkway, Hillsboro, OR 97124 and can be reached at 503 615 9000 (fax 503 615 8900). Visit the TriQuint website at http://www.triquint.com.
This press release contains both historical information and forward-looking statements. A number of factors affect the Company s operating results and could cause the Company s actual future results to differ materially from any forward-looking results indicated in this press release or in any other forward-looking statements made by, or on behalf of, the Company, including those related to the continued strength of the Company s markets, the growth in demand for semiconductors for applications such as optical networks and wireless communications, and performance of its manufacturing facilities. The Company cannot provide any assurance that future results will meet expectations. Results could differ materially based on various factors, including the Company s performance and market conditions. In addition, historical information should not be considered an indicator of future performance. Additional considerations and important risk factors are described in the Company s Reports on Form 10-Q and 10K and other filings with the Securities and Exchange Commission. These reports can also be accessed at the SEC web site, www.sec.gov.
Contact: TriQuint Semiconductor, Inc. VP of Finance & Administration, CFO Ed Whitehurst Tel: 503/615-9444 Fax: 503/615-8904 ewhitehurst@tqs.com or Fi.Comm Ltd. Investor Relations Counsel Heidi A. Flannery Tel: 503/844-8888 Fax: 503/844.8800 heidi.flannery@ficomm.com
TriQuint Semiconductor, Inc.
VP of Finance & Administration, CFO
Ed Whitehurst
Tel: 503/615-9444
Fax: 503/615-8904
ewhitehurst@tqs.com
or
Fi.Comm Ltd.
Investor Relations Counsel
Heidi A. Flannery
Tel: 503/844-8888
Fax: 503/844.8800
heidi.flannery@ficomm.com
E-mail: heidi.flannery@ficomm.com
Web site: http://www.sec.gov
