-----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, Tx6HzAbd7HyRDG0J+JFHu4K3C7kGLvmJrUdbR/wtiMcCJixcYL49CCUmkAQi0UOr HIwpj3FdBChj8qVutW9gXw== 0000855658-10-000091.txt : 20100909 0000855658-10-000091.hdr.sgml : 20100909 20100909161541 ACCESSION NUMBER: 0000855658-10-000091 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20100907 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100909 DATE AS OF CHANGE: 20100909 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LATTICE SEMICONDUCTOR CORP CENTRAL INDEX KEY: 0000855658 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 930835214 STATE OF INCORPORATION: DE FISCAL YEAR END: 0103 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-18032 FILM NUMBER: 101064581 BUSINESS ADDRESS: STREET 1: 5555 NE MOORE COURT CITY: HILLSBORO STATE: OR ZIP: 97124-6421 BUSINESS PHONE: 5032688000 MAIL ADDRESS: STREET 1: 5555 NE MOORE COURT CITY: HILLSBORO STATE: OR ZIP: 97124 8-K 1 a8k090910.htm FORM 8-K WebFilings | EDGAR view
 

 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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)
September 9, 2010
 
 
 
Lattice Semiconductor Corporation
(Exact name of registrant as specified in its charter)
 
 
5555 N. E. Moore Court
Hillsboro, Oregon 97124-6421
(Address of principal executive offices, including zip code)
 
(503) 268-8000
(Registrant's telephone number, including area code)
 
 
(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 prov isions (see General Instruction A.2. below):
[ ] 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 pursu ant 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 7.01. Regulation FD Disclosure.
 
On September 9, 2010, Lattice Semiconductor Corporation issued a press release announcing a business update for the third quarter of fiscal year 2010. A copy of the press release is furnished as Exhibit 99.1 to this report.
 
The information in this Item 7.01 and in Exhibit 99.1 shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
 
Item 9.01.  Financial Statements and Exhibits.
 
(d) Exhibits.
 
Delaware
 
000-18032
 
93-0835214
(State or other jurisdiction of incorporation)
 
(Commission File Number)
 
(IRS Employer
Identification No.)
Exhibit No.
 
Description
99.1
 
Press Release dated September 9, 2010 (furnished, not filed, herewith).
 

2
 

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.
 
 
LATTICE SEMICONDUCTOR CORPORATION
Date: September 9, 2010
By:
/s/ Byron W. Milstead
 
   Byron W. Milstead
   Corporate Vice President and General Counsel

3
 

EXHIBIT INDEX
 
 
Exhibit No.
 
Description
99.1
 
Press Release dated September 9, 2010 (furnished, not filed, herewith)

4
 EX-99.1 2 exh991.htm PRESS RELEASE WebFilings | EDGAR view
 

 
Exhibit 99.1
                         
                   
        
 
 
 
 
 
For more information contact:
Michael G. Potter
Chief Financial Officer
Lattice Semiconductor Corporation
503 - -268-8000 
 
David Pasquale
Global IR Partners
914-337-8801
lscc@globalirpartners.com
News Release
 
 
 
 
LATTICE SEMICONDUCTOR REITERATES GUIDANCE
FOR THIRD QUARTER 2010
 
 
 
 
HILLSBORO, OR - September 9, 2010 - Lattice Semiconductor (NASDAQ: LSCC) today reiterated its guidance for the third quarter ending October 2, 2010.
 
•    
Third quarter revenue is expected to be flat to up 5% on a sequential basis.
•    
Gross margin percentage is expected to be approximately 59% to 61% of revenue.
•    
Total operating expenses are expected to be approximately $31.0 million.
•    
Lattice also reiterates its expectation for continued profitability in the third quarter of 2010.
 
No conference call will be held in conjunction with this guidance update. Additional information related to the third quarter will be available when the Company reports its third quarter 2010 results.

1
 

Forward-Looking Statements:
 The foregoing business update contains forward-looking statements including statements relating to our business outlook: including our revenue, gross margin and operating expense expectations, and to our expectation of continued profitability in the third quarter of 2010. Lattice believes the factors identified below in connection with each such statement could cause actual results to differ materially from the forward-looking statements.
Estimates of future revenue are inherently uncertain due to, among other things, the high percentage of quarterly “turns” business, as well as such factors as th e demand for our products, and our ability to supply products to customers in a timely manner. Our backlog is subject to cancellation and includes expected shipments to distributors, which may not be shipped to their end customers in the same quarter we ship them and which accordingly may not be recorded as revenue in that same quarter. Our estimate of gross margin percentage may be affected by a number of factors including, among other things, unanticipated changes in product mix or pricing requirements. Our estimate of operating expenses could be affected by unanticipated expenses during the final month of the quarter. Our expectations with respect to restructuring of our distribution model can be adversely affected if our new distribution partners are not as successful as our former distribution partners or if the transition is not accepted by our end-user customers. Our fair value estimate of auction rate securities may experience an other-than-temporary decline in fair value if we continue to experience unsuccessful auctions, or if the credit rating of the auction rate securities or auction rate issuers deteriorate.
 
In addition to the foregoing, other factors that may cause actual results to differ materially from the forward-looking statements herein include global economic uncertainty, overall semiconductor market conditions, our dependence on the communications end market, market acceptance and demand for our new and existing products, our dependencies on our silicon wafer suppliers, the impact of competitive products and pricing, technological and product development risks, the compromised liquidity of our auction rate securities and the other risks that are described herein and that are otherwi se described from time to time in our filings with the Securities and Exchange Commission. The Company does not intend to update or revise any forward-looking statements, whether as a result of events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
 
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.
 
# # #
 
Lattice Semiconductor Corporation, Lattice (& design) and L (& design) are either registered trademarks or trademarks of Lattice Semiconductor Corporation or its subsidiaries in the United States and/or other countries.
 
 
 
 
 

2
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