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To: D.B. Cooper who wrote (13096)	6/9/2004 7:57:20 AM
From: D.B. Cooper	Respond to of 13815

Press Release Source: OmniVision Technologies, Inc. OmniVision Reschedules Release of Fiscal 2004 Results -- Could Upwardly Revise Prior Sales and Net Income Wednesday June 9, 6:30 am ET SUNNYVALE, Calif.--(BUSINESS WIRE)--June 9, 2004--OmniVision Technologies, Inc. (Nasdaq:OVTI - News) today announced that it has rescheduled the release of its fiscal 2004 fourth-quarter and year-end results to June 23, 2004, after the close of the market, from the previously announced date of June 9, 2004. Following an internal review by the Company and an independent investigation, the Company is considering the restatement of financial results for certain quarters of fiscal 2004 and, possibly, fiscal 2003. The investigation includes a review of cut-off issues and has not yet reached definitive conclusions; however, the Company currently believes that restatement could have the effect of increasing revenue and net income for the nine months ended January 31, 2004. The Company believes that revenue could increase by a total of approximately $5 million over the amounts previously reported for this period and that net income could also increase. On June 23, 2004, the Company plans to release results for the fourth quarter and fiscal year ended April 30, 2004, as well as any restatement of results for interim periods of fiscal 2004. The Company also announced that it expects results for the fourth quarter of fiscal 2004 to meet or exceed the guidance of $96 million to $100 million in revenue and $0.30 to $0.31 in diluted earnings per share that the Company provided on February 18, 2004. As of April 30, 2004, the Company's financial position remained strong, with no debt and with cash, cash equivalents and short-term investments in excess of $215 million. Additionally, OmniVision provided guidance for the first quarter of fiscal 2005. For the quarter ending July 31, 2004, the Company currently expects to report $95 million to $100 million in revenue and $0.29 to $0.31 in diluted earnings per share. Teleconference At 1:30 p.m. PDT (4:30 p.m. EDT) on Wednesday, June 23, 2004, the Company will hold a teleconference to discuss the financial results and future plans and prospects. To participate in the teleconference, please call (toll free) 877-523-2171 approximately 10 minutes prior to the start time. For international callers, the dial-in number is 706-634-1478. You may also listen live via the Internet at the Company's website, www.ovt.com, or at www.FullDisclosure.com. These websites will host an archive of the teleconference. Additionally, a playback of the call will be available for 48 hours beginning at 4:30 p.m. PDT on June 23. You may access the playback by calling 800-642-1687, or for international callers 706-645-9291, and providing Conference ID number 7181515.