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Lattice Semiconductor Reiterates Guidance for Second Quarter 2010
HILLSBORO, OR, Jun 08, 2010 --Lattice Semiconductor (NASDAQ: LSCC) today reiterated its guidance for the second quarter ending July 3, 2010.
- Second quarter revenue is expected to increase 6% to 10% on a sequential basis led by continued growth across all geographies, major product families and end markets, and continued strength in the Company's backlog throughout the quarter.
- Gross margin percentage is expected to be approximately 57% to 59% of revenue.
- Total operating expenses are expected to be approximately $31.0 million.
- Lattice also reiterates its expectation for continued profitability in the second quarter of 2010, including a gain, net of tax, of approximately $0.5 million from the sale of excess real estate in China.
No conference call will be held in conjunction with this guidance update. Additional information related to the second quarter will be available when the Company reports its second quarter 2010 results.
About Lattice Semiconductor:
Lattice is the source for innovative FPGA, PLD, programmable Power Management and Clock Management solutions. For more information, visit www.latticesemi.com.
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