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): October 30, 2007

Integrated Silicon Solution, Inc.

(Exact name of Registrant as Specified in its Charter)

Delaware	000-23084	77-0199971
(State or other jurisdiction	(Commission File	(IRS Employer
of Incorporation)	Number)	Identification No.)

1940 Zanker Road, San Jose, California , 95112

(Address of principal executive offices)

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 (see General Instruction A.2):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] 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.

On October 30, 2007 the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

Exhibit 99.1. Press release dated October 30, 2007

SIGNATURES

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: October 30, 2007
	/s/ SCOTT D. HOWARTH
	Scott D. Howarth
	Vice President and Chief Financial Officer

EXHIBIT INDEX

Integrated Silicon Solution, Inc. Condensed Consolidated Statements of Operations (Unaudited) (In thousands, except per share data) Three Months Ended Year Ended September 30, September 30, ------------------- -------------------- 2007 2006 2007 2006 ------- --------- --------- --------- Net sales $63,329 $ 59,905 $ 245,395 $ 217,492 Cost of sales 50,567 48,167 196,959 188,386 ------- --------- --------- --------- Gross profit 12,762 11,738 48,436 29,106 ------- --------- --------- --------- Operating expenses: Research and development 4,694 5,043 20,174 21,617 Selling, general and administrative 7,016 7,968 32,660 28,328 Acquired in-process technology charge -- -- -- 499 ------- --------- --------- --------- Total operating expenses 11,710 13,011 52,834 50,444 ------- --------- --------- --------- Operating income (loss) 1,052 (1,273) (4,398) (21,338) Interest and other income (expense), net 1,621 1,136 7,993 4,577 Gain on sale of investments 603 26 12,032 2,480 -------- --------- --------- --------- Income (loss) before income taxes, minority interest and equity in net loss of affiliated companies 3,276 (111) 15,627 (14,281) Provision (benefit) for income taxes (41) (197) 4 (33) ------- --------- --------- --------- Income (loss) before minority interest and equity in net loss of affiliated companies 3,317 86 15,623 (14,248) Minority interest in net (income) loss of consolidated subsidiary (65) 4 (170) 693 Equity in net income (loss) of affiliated companies -- 22 (92) (687) -------- --------- --------- --------- Net income (loss) $ 3,252 $ 112 $ 15,361 $ (14,242) ======= ========= ========= ========= Basic net income (loss) per share $ 0.09 $ 0.00 $ 0.41 $ (0.38) ======== ========== ========= ========= Shares used in basic per share calculation 37,680 37,577 37,631 37,419 ======= ========= ========= ========= Diluted net income (loss) per share $ 0.09 $ 0.00 $ 0.40 $ (0.38) ======= ========= ========= ========= Shares used in diluted per share calculation 37,999 37,890 37,975 37,419 ======= ========= ========= =========

Integrated Silicon Solution, Inc. Condensed Consolidated Balance Sheets (In thousands) Sept. 30, Sept. 30, 2007 2006 ----------- --------- (unaudited) (1) ASSETS Current assets: Cash and cash equivalents $ 53,722 $ 37,318 Short-term investments 80,093 76,015 Accounts receivable, net 37,030 31,906 Inventories 32,056 52,417 Other current assets 6,134 4,799 ----------- --------- Total current assets 209,035 202,455 Property, equipment and leasehold improvements, net 23,284 21,984 Goodwill 25,338 25,338 Purchased intangible assets, net 3,538 5,391 Other assets 1,520 5,110 ----------- --------- Total assets $ 262,715 $ 260,278 =========== ========= LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Short-term debt and notes $ 614 $ 1,632 Accounts payable 36,509 40,123 Accrued compensation and benefits 3,588 2,928 Accrued expenses 6,734 9,665 ----------- --------- Total current liabilities 47,445 54,348 Other long-term liabilities 793 2,048 ----------- --------- Total liabilities 48,238 56,396 ----------- --------- Commitments and contingencies Minority interest 726 690 Stockholders' equity: Common stock 4 4 Additional paid-in capital 376,998 379,038 Accumulated deficit (162,668) (178,029) Accumulated comprehensive income (loss) (583) 2,179 ----------- --------- Total stockholders' equity 213,751 203,192 ----------- --------- Total liabilities and stockholders' equity $ 262,715 $ 260,278 =========== ========= (1) Derived from audited financial statements.

ISSI Announces Fourth Quarter and Annual Fiscal Year 2007 Results