U.S. 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): January 14, 1997
California Micro Devices Corporation
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(Exact name of registrant as specified in its charter)
California 33-399-77 94-2672609
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State or other jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
215 Topaz Street, Milpitas, CA 95035-5430
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (408)263-3214
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Not Applicable
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(Former name or former address, if changed since last report)
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Item 7. Financial Statements and Exhibits
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On January 14, 1997, California Micro Devices Corporation
(the "Company") released certain information regarding advanced
guidance of the Company's third quarter 1997 financials attached hereto.
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<PAGE>
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.
Dated: January 23, 1997 CALIFORNIA MICRO DEVICES CORPORATION
By:
/s/ John E. Trewin
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John E. Trewin
Vice President and Chief Financial Officer
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NEWS RELEASE
[logo California Micro Devices]
California Micro Devices For Further Information Contact:
Jeffrey Kalb, President and CEO
(408) 934-3106
John Trewin, Vice President and CFO
(408) 934-3103
Scott Hover-Smoot, General Counsel
(408) 934-3182
CALIFORNIA MICRO DEVICES ADVISES INCREASED BOOKINGS,
REDUCED REVENUE, AND SLIGHT PROFIT FOR RECENT QUARTER
Milpitas, CA, January 14, 1997 -- California Micro Devices Corporation
(NASDAQ NMS: CAMD) (CMD) today provided advanced guidance with regards
to the most recently completed quarter. According to Jeffrey Kalb,
President and Chief Executive Officer, "In the quarter ended December
31, 1996, CMD sustained a strong sequential increase in bookings,
resulting in about a 1.1 to 1.0 book to bill ratio for the quarter.
This is the first time that book to bill has been more than 1.0 in three
quarters." According to Mr. Kalb, "Perhaps we are beginning to see the
light at the end of the tunnel. We started into the March 1997 quarter
with an 8% greater backlog than the prior quarter, and while most of the
orders are still very short-term and with little visibility, we hope
this is the beginning of an improvement in our business level. It is
too soon to know whether this momentum will be sustained, but it is
positive news."
Mr. Kalb went on to say that, "In the quarter ended December 31, 1996,
CMD witnessed a larger than expected decline in distribution sell-
through into the Taiwan personal computer market. This was partially
off-set by an increase in sales in the United States, and resulted in a
net decline of about 6% in total revenue compared to our September, 1996
quarter, to about $7.5 million. While the Company had expected some
fall-off of sales in Taiwanese markets given the weaker than expected
personal computers sales during the quarter, the magnitude of the
decline was not anticipated. However, the anticipated margins on those
unrealized foreign sales were low, so that in combination with a small
one time gain the Company will show approximately a 1 cent per share
profit for the December quarter."
Statements contained herein which are not historical facts are forward
looking statements. The forward-looking statements in this release are
made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Due to the risk factors discussed in
CMD's Securities and Exchange Commission filings, the Company's future
actual results could differ materially from those discussed above.
Headquartered in Milpitas, California, California Micro Devices (CMD)
designs, manufactures and markets integrated thin-film, silicon-based
termination and filtering passive components and active electronic
circuitry. CMD's products target the requirements of computer,
networking and communication-based customers for smaller, densely
integrated devices that operate at higher frequencies with superior
performance and functionality.
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