Himax Updates Second Quarter 2010 Revenue Guidance
07 Juli 2010 - 3:00PM
Himax Technologies, Inc. ("Himax" or "Company") (Nasdaq:HIMX) today
updated its previously announced second quarter 2010 revenue
guidance.
The Company now expects revenue to increase approximately 7%
sequentially, from the $175.5 million posted in the first quarter
2010. The revision is primarily due to capacity tightness
throughout the supply chain and a change in certain customers'
demand. Himax's second quarter 2010 gross margin and GAAP earnings
per ADS expectations remain the same.
Previous guidance provided on May 6, 2010 had forecast second
quarter 2010 revenues to increase by 10-15% quarter over quarter,
with gross margin to remain flat sequentially, and GAAP earnings
per ADS to be in the range of $0.06 - $0.08.
Conference Call Details
Himax Technologies will hold a conference call with investors
and analysts on Tuesday, August 10, 2010 at 7:00 a.m. Taiwan time
(Monday, August 9 at 7:00 p.m. U.S. Eastern Daylight Time) to
discuss the Company's second quarter 2010 financial results.
The news release announcing the second quarter 2010 financial
results will be disseminated in New York on Monday, August 9, 2010
after the Nasdaq stock market closes.
The dial-in numbers for the live audio call are +1-201-689-8471
(international) or + 1-877-407-4018 (U.S. domestic). A live webcast
of the conference call will be available on Himax's website at
www.himax.com.tw.
A replay of the call will be available beginning two hours after
the call through noon Taiwan time on Tuesday, August 17, 2010
(midnight, August 17, U.S. Eastern Time) at www.himax.com.tw and by
telephone at +1 858-384-5517 (international) or +1-877-870-5176
(U.S. domestic). The conference ID number is 353643.
About Himax Technologies, Inc.
Himax Technologies, Inc. designs, develops, and markets
semiconductors that are critical components of flat panel displays.
The Company's principal products are display drivers for
large-sized TFT-LCD panels, which are used in desktop monitors,
notebook computers and televisions, and display drivers for small-
and medium-sized TFT-LCD panels, which are used in mobile handsets
and consumer electronics products such as netbook computers,
digital cameras, mobile gaming devices, portable DVD players,
digital photo frame and car navigation displays. In addition, the
Company is expanding its product offerings to include timing
controllers, LCD TV and monitor chipset solutions, LCOS projector
solutions, power management ICs, CMOS Image Sensors, Infinitely
Color Technology and 2D to 3D conversion solutions. Based in
Tainan, Taiwan, the Company has regional offices in Hsinchu and
Taipei, Taiwan; Ninbo, Foshan, Fuqing, Beijing, Shanghai, Suzhou
and Shenzhen, China; Yokohama and Matsusaka, Japan; Cheonan-si,
Chungcheongnam-do, South Korea; and Irvine California, USA.
Forward-Looking
Statements:
Factors that could cause actual events or results to differ
materially include, but not limited to, general business and
economic conditions and the state of the semiconductor industry;
market acceptance and competitiveness of the driver and non-driver
products developed by the Company; demand for end-use applications
products; reliance on a small group of principal customers; the
uncertainty of continued success in technological innovations; our
ability to develop and protect our intellectual property; pricing
pressures including declines in average selling prices; changes in
customer order patterns; changes in estimated full-year effective
tax rate; shortages in supply of key components; changes in
environmental laws and regulations; exchange rate fluctuations;
regulatory approvals for further investments in our subsidiaries;
our ability to collect accounts receivable and manage inventory;
and other risks described from time to time in the Company's SEC
filings, including those risks identified in the section entitled
"Risk Factors" in its Form 20-F for the year ended December 31,
2009 filed with SEC on dated June 3, 2010, as amended.
CONTACT: Himax Technologies, Inc.
Max Chan, Chief Financial Officer
+886-2-2370-3999 Ext. 22300
max_chan@himax.com.tw
Investor Relations
Jessie Wang
+886-2-2370-3999 Ext. 22618
jessie_wang@himax.com.tw
Jessica Huang
+886-2-2370-3999 Ext. 22513
jessica_huang@himax.com.tw
The Ruth Group
In the U.S.
Joseph Villalta
+1-646-536-7003
jvillalta@theruthgroup.com
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