-----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, I5l4NO+lxoreDb+Gx7mgMW6XmyOYU0xzxihb2ymACrg9HBDFDOYIQLIiB4ijr5nc iTZF/VrfHtJagKJQvxFocg== 0001275287-05-000008.txt : 20050104 0001275287-05-000008.hdr.sgml : 20050104 20050103210054 ACCESSION NUMBER: 0001275287-05-000008 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050103 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050104 DATE AS OF CHANGE: 20050103 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: 05503805 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 is1773.txt ================================================================================ 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): January 3, 2005 Integrated Silicon Solution, Inc. ---------- (Exact name of registrant as specified in its charter) Delaware 000-23084 77-0199971 ---------------------------- ------------ ------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 2231 Lawson Lane Santa Clara, California 95054 (Address of Principal Executive Offices) (Zip Code) 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: [ ] 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. The information is being furnished as contemplated by General Instruction B(2) to Form 8-K. On January 3, 2005, we revised our guidance for the fiscal quarter ending December 31, 2004. 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 January 3, 2005 -2- 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: January 3, 2005 /s/ GARY L.FISCHER ---------------------------------- Gary L. Fischer President, Chief Operating Officer and Chief Financial Officer -3- INDEX TO EXHIBITS 99.1 Press Release dated January 3, 2005 -4- EX-99.1 2 is1773ex991.txt Exhibit 99.1 ISSI REVISES GUIDANCE FOR DECEMBER 2004 QUARTER SCHEDULES QUARTERLY CONFERENCE CALL FOR JANUARY 25 SANTA CLARA, Calif., Jan. 3 /PRNewswire-FirstCall/ -- Integrated Silicon Solution, Inc. (Nasdaq: ISSI), announced today that it expects its revenue for the December 2004 quarter will be lower than the Company's previous guidance provided on October 28, 2004. The Company now expects that revenue for the December 2004 quarter will be in the range of approximately $30.0 million to $31.0 million. Further, the Company expects to report a loss for the quarter. "Our low and medium density DRAM family saw continuing pricing pressure throughout the quarter to a degree greater than we expected," said Jimmy Lee, Chairman and CEO. "We believe this is the result of too much inventory in the channel." ISSI has scheduled its regularly held quarterly conference call for Tuesday, January 25, 2005 at 1:30 p.m. Pacific time to discuss the company's financial results for the quarter ended December 31, 2004. If you plan to participate in the call, please RSVP either by telephone at 408-969-4774 or by email to ir@issi.com. The call will be webcast from ISSI's website at www.issi.com. No separate conference call will be held in conjunction with today's release. About ISSI 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 China, Europe, Hong Kong, India, Korea and Taiwan. Visit our web site at www.issi.com. Safe Harbor Statement The statements in this press release regarding our estimated December 2004 quarter revenue and earnings/loss, DRAM pricing pressure and inventory in the channel are forward-looking statements that are subject to risks. Actual results may differ materially from current expectations due to many factors, including adverse changes in market conditions, further reductions in average selling prices, reductions in book value of our inventory, the Company's inability to effectively reduce expenses, manufacturing yields, order cancellations, order rescheduling, decreasing demand, product warranty claims, product returns, competition, the level and value of inventory held by OEM customers or the Company, completion of our financial statements for the December 2004 quarter, or other factors. Stockholders of ISSI are cautioned not to place undue reliance on our forward-looking statements, which speak only as of the date such statements are made. ISSI does not undertake any obligation to publicly update any forward-looking statements to reflect events, circumstances, or new information after this January 3, 2005 press release, or to reflect the occurrence of unanticipated events. Further information that could affect the Company's results is detailed in ISSI's periodic filings with the Securities and Exchange Commission, including its Annual Report on Form 10K for the fiscal year ended September 30, 2004. SOURCE Integrated Silicon Solution, Inc. -0- 01/03/2005 /CONTACT: Suzanne Weaver, Investor Relations, +1-408-969-4774, or ir@issi.com, or Gary L. Fischer, President & COO, +1-408-969-4612, or ir@issi.com, both of ISSI/ /Web site: http://www.issi.com / - - -----END PRIVACY-ENHANCED MESSAGE-----