IDT Reaffirms Guidance for the First Quarter of Fiscal 2004
Thursday May 29, 4:30 pm ET
SANTA CLARA, Calif.--(BUSINESS WIRE)--May 29, 2003--IDT(TM) (Integrated Device Technology, Inc.) (Nasdaq:IDTI - News), a leading communications IC company, today announced during its regular mid-quarter financial teleconference that the Company's revenue outlook for the first quarter of its fiscal 2004 remains unchanged. Revenues are projected to be 2-4 percent higher than the previous quarter's revenues of $80.8 million.
Webcast and Conference Call Information
Investors can listen to a live or replay Webcast of the Company's regular mid-quarter conference call at www.idt.com. The live Webcast begins at 1:30 p.m. PDT on May 29, 2003. The Webcast replay will be available after 4 p.m. PDT on May 29 through June 19, 2003. A taped telephone replay of the conference call will be available at 800/475-6701 (access code is 685695) beginning at 5 p.m. PDT on May 29, 2003 and will be accessible until 9 p.m. PDT on June 5, 2003.
Investor Information
IDT stock is traded on the Nasdaq Stock Market® under the symbol "IDTI." The company is included in the S&P 1000, which is a combination of the S&P MidCap 400 and S&P SmallCap 600 Indices. The investor hotline is 408/654-6420.
About IDT
IDT enhances the global network with semiconductor solutions for communications companies that lead innovation and drive convergence in voice, data and wireless networks. IDT is focused on enhancing system bandwidth with communications-specific products including network search engines, content inspection engines and the Interprise(TM) family of integrated communications processors. The portfolio is also comprised of products optimized for communications applications, including telecom products, FIFOs, multi-ports, and clock management products. In addition, the product mix includes high-performance digital logic and high-speed SRAMs to meet the requirements of leading communications companies.
Headquartered in Santa Clara, Calif., the company employs approximately 3,100 people worldwide and has a wafer manufacturing facility in Oregon, and test and assembly facilities in the Philippines and Malaysia. IDT stock is traded on the Nasdaq Stock Market® under the symbol "IDTI." The company is included in the S&P 1000, which is a combination of the S&P MidCap 400 and S&P SmallCap 600 Indices. Additional information about IDT is easily accessible at www.idt.com. The investor hotline is 408/654-6420.
Forward-looking statements in this release involve a number of risks and uncertainties including, but not limited to, global business and economic conditions, product demand, manufacturing capacity and costs, competition, pricing, patent and other intellectual property rights of third parties, timely development and supply of new products and manufacturing processes, availability of capital, cash flow and other risk factors detailed in the Company's Securities and Exchange Commission filings. Actual results may differ materially from the Company's projections.
Note to Editors: IDT and Interprise are trademarks and the IDT logo is a registered trademark of Integrated Device Technology, Inc. All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.
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Contact:
IDT
Lindsay Okamoto, 408/492-8314 (Corporate Communications)
lindsay.okamoto@idt.com
Investor Relations, 408/654-6420
ir@idt.com
or
Porter Novelli
Ricky Gradwohl, 408/369-1500 x31
ricky.gradwohl@porternovelli.com
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Source: IDT |
