-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, RTJq84SeiCzy5+IBaneC5uODDEBjbziGm06hFxH5rNNCVkqkkPcsp016kv4o65VM 0pXZdJTjSpYNqO97qUFUVw== 0001144204-08-021117.txt : 20080408 0001144204-08-021117.hdr.sgml : 20080408 20080408131718 ACCESSION NUMBER: 0001144204-08-021117 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20080408 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080408 DATE AS OF CHANGE: 20080408 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INTEGRATED SILICON SOLUTION INC CENTRAL INDEX KEY: 0000854701 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 770199971 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-23084 FILM NUMBER: 08744841 BUSINESS ADDRESS: STREET 1: 2231 LAWSON LANE CITY: SANTA CLARA STATE: CA ZIP: 95054-3311 BUSINESS PHONE: 4085880800 MAIL ADDRESS: STREET 1: 680 ALMANOR AVE CITY: SUNNYVALE STATE: CA ZIP: 94086 8-K 1 v110009_8k.htm Unassociated Document


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.20549
 
 
FORM 8-K

Current Report
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): 
April 8, 2008
 
Integrated Silicon Solution, Inc.

(Exact name of registrant as specified in its charter)
 
 
Delaware
 
000-23084
 
77-0199971
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(IRS Employer
Identification No.)
 
1940 Zanker Road, San Jose, California95112
(Address of Principal Executive Offices of Registrant)
 
Registrant's telephone number, including area code: (408) 969-6600
 
 
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 

 
Item 2.02  Results of Operations and Financial Condition.
 
The information under this Item 2.02 is being furnished as contemplated by General Instruction B(2) to Form 8-K.
 
On April 8, 2008, we announced our preliminary revenue results for the second fiscal quarter ended March 31, 2008 and the date of our quarterly earnings conference call.  The complete release is attached to this report as Exhibit 99.1.
 
Item 9.01  Financial Statements and Exhibits.
 
(c)        Exhibits.
 
99.1     Press Release dated April 8, 2008.
 

 
SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
   
INTEGRATED SILICON SOLUTION, INC.
     
 
Date: April 8, 2008
/s/ SCOTT D. HOWARTH
 
Scott D. Howarth
 
President, Chief Executive Officer and Acting Chief Financial Officer
 

 
INDEX TO EXHIBITS
 
99.1     Press Release dated April 8, 2008
 

EX-99.1 2 v110009_ex99-1.htm Unassociated Document
 
FOR IMMEDIATE RELEASE
 
 
ISSI ANNOUNCES PRELIMINARY FISCAL Q2 2008 REVENUE RESULTS AND QUARTERLY EARNINGS CONFERENCE CALL APRIL 24, 2008
 
San Jose, Calif.—April 8, 2008--Integrated Silicon Solution, Inc. (Nasdaq: ISSI) today announced that revenues for the second fiscal quarter ended March 31, 2008 are expected to be approximately $58 million which would be a decrease of 8.4% from the first quarter of fiscal year 2008, and a decrease of 3.3% from the second fiscal quarter of 2007.
 
“Total revenues for the second fiscal quarter were lower than our expectations primarily due to pricing weakness in the commodity DRAM markets.  Pricing during the quarter was softer than we expected, and as a result, we have reduced our commodity DRAM revenue.  Even with this weakness in commodity DRAM pricing, our revenues for the first half of fiscal 2008 are expected to be approximately flat with revenues from the same period of fiscal 2007,” said Scott Howarth, ISSI’s President and Chief Executive Officer.
 
Our expected second fiscal quarter revenue results are preliminary and are subject to change as management and our independent auditors complete their quarterly closing review procedures.
 
Conference Call
 
Integrated Silicon Solution, Inc. has scheduled its regularly held quarterly conference call for Thursday April 24, 2008 at 1:30 p.m. Pacific time to discuss the Company’s financial results for the quarter ended March 31, 2008. To access ISSI’s conference call via telephone, dial 719-325-4840 before 1:20 p.m. Pacific time on April 24, 2008.  If you plan to participate in the call, please RSVP either by telephone at 408-969-4774 or by e-mail to ir@issi.com.  The call will be webcast from ISSI’s website at www.issi.com.
 
About the Company
 
ISSI is a fabless semiconductor company that designs and markets high performance integrated circuits for the following key markets: (i) digital consumer electronics, (ii) networking, (iii) mobile communications and (iv) automotive electronics. The Company's primary products are high speed and low power SRAM and low and medium density DRAM. The Company also designs and markets EEPROM, SmartCards and is developing selected non-memory products focused on its key markets. ISSI is headquartered in Silicon Valley with worldwide offices in Taiwan, Japan, Singapore, China, Europe, Hong Kong, India, and Korea. Visit our web site at www.issi.com.
 
 
-more-
 

 
ISSI Release
April 8, 2008
Page 2
 
Forward Looking Statements
 
This news release contains forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  Statements concerning our expected revenue for the second fiscal quarter are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those anticipated. Such risks and uncertainties include supply and demand conditions in the market place, unexpected reductions in average selling prices for our products, our ability to sell our products for key applications and the pricing and gross margins achieved on such sales, our ability to control or reduce operating expenses, changes in manufacturing yields, order cancellations, order rescheduling, product warranty claims, competition, the level and value of inventory held by OEM customers, or other risks listed from time to time in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended September 30, 2007 and our Quarterly Report on Form 10-Q for the period ended December 31, 2007.  In addition, the financial information in this press release is unaudited and subject to any adjustments that may be made in connection with the quarterly review.  The Company assumes no obligation to update or revise the forward-looking statements in this release because of new information, future events, or otherwise.
 
-###-
 
CONTACT:
Scott Howarth
President & CEO, Acting CFO
Investor Relations
(408) 969-6600
ir@issi.com
 

 
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