EX-99.1 2 a5167399ex991.txt EXHIBIT 99.1 Exhibit 99.1 Semtech Files for Extension on Its First Quarter 10-Q CAMARILLO, Calif.--(BUSINESS WIRE)--June 9, 2006--Semtech Corporation (NASDAQ:SMTC), a leading supplier of analog and mixed-signal semiconductors, announced that it filed today a Form 12b-25 with the Securities and Exchange Commission (SEC) in lieu of its Form 10-Q for the fiscal quarter ended April 30, 2006. This filing extends the due date for the Form 10-Q to June 14, 2006. As previously reported, the Company received a letter from the SEC on May 18, 2006 requesting certain information and documentation regarding stock options granted since January 1, 1997. The Company has been cooperating fully with the SEC and intends to continue to do so. In light of the SEC inquiry and resulting internal review by the Company, management was unable to complete the Form 10-Q before the prescribed filing deadline. About Semtech Semtech Corporation is a leading supplier of analog and mixed-signal semiconductors used in a wide range of computer, industrial and communication applications. Forward-Looking and Cautionary Statements This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are statements other than historical information or statements of current condition and relate to matters such as future financial performance, future operational performance, the anticipated impact of specific items on future earnings, and our plans, objectives and expectations. Some forward-looking statements may be identified by use of terms such as "expects," "anticipates," "intends," "estimates," "believes", "projects", "should", "will", "plans" and similar words. Forward-looking statements involve known and unknown risks and uncertainties that could cause actual results to differ materially from those projected. Forward-looking statements should be considered in conjunction with the cautionary statements contained in the "Risk Factors" section and elsewhere in the Company's Annual Report on Form 10-K for the fiscal year ended January 29, 2006, in the Company's other filings with the SEC, and in material incorporated therein by reference. Forward-looking statements should not be regarded as representations by the Company that its objectives or plans will be achieved or that any of its operating expectations or financial forecasts will be realized. The Company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. CONTACT: Semtech Corporation John Baumann, 805-480-2010