Microtune Reiterates 2Q Revenue Guidance
Business/High-Tech Editors
PLANO, Texas--(BUSINESS WIRE)--June 29, 2001--Douglas J. Bartek,
CEO and Chairman of Microtune(TM), Inc. (Nasdaq:TUNE), today announced
that the Company will report revenues for the second quarter of 2001
within the guidance range of $14.1 million to $15.0 million provided
during the first quarter earnings call on April 23, 2001.
"In light of the disappointments surrounding many technology
companies' revenue guidance revisions in the past few weeks, we felt
it necessary to assure our shareholders that Microtune is on plan and
will meet revenue guidance for the second quarter," said Mr. Bartek.
Microtune declines to provide any guidance on gross margins, the
effect of foreign currency exchange, or earnings per share since it
will be several weeks before the books and records for the quarter are
closed.
Despite continued weakness in the economy, backlog for the third
quarter has increased during the second quarter. Updated guidance for
the third quarter will be provided at the second quarter earnings call
on July 23, 2001.
ABOUT MICROTUNE
Microtune Inc. is a leading RF silicon and systems company that
designs, manufactures and markets RF broadband 'gateway' solutions for
use in cable modems, set-top boxes, PC/TV multimedia, TV/digital TV,
automotive entertainment and other consumer electronics. Inventors of
the MicroTuner(TM) single-chip broadband tuner and a family of silicon
broadband amplifiers, the company currently holds fourteen U.S.
patents for its RF technology, with an additional twelve pending
approval, containing a total of more than 1000 supporting claims.
Founded in 1996, Microtune is headquartered in Plano, Texas, with key
design, manufacturing and sales centers located around the world. The
web site is www.microtune.com.
EDITORS NOTE: Microtune, MicroTuner and MicroStreamer are trademarks
of Microtune, Inc. |
