PSi Technologies reports revenues and earnings slightly below expected levels

Santa Clara, California–PSi Technologies Holdings, Inc. has announced that the company experienced weak volumes during the months of October and November from customers serving the wireless and PC markets. Revenues and earnings are expected to be slightly below expectations because of this development. The company believes revenues will amount to $18.0 to $18.5 million for the fourth quarter (Q4). Earnings per share, on a fully diluted basis, are estimated at $0.12 to $0.13 per share.

“We believe that the softness in demand in the wireless and PC markets is related to inventory management issues and does not necessarily indicate a broad weakening in semiconductor demand, ” says Arthur J. Young, president and chief executive officer of PSi Technologies. “Other parts of our business do not show the same kind of trend at this time, and we believe this is because our products are ‘building-block’ semiconductors and, as such, they are not affected too much by cyclical dips in demand experienced by other more specialized semiconductor devices.”


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