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TAIPEI, Taiwan, Oct. 4, 2013 (GLOBE NEWSWIRE) -- Silicon Motion Technology Corporation (Nasdaq:SIMO) ("Silicon Motion" or the "Company"), a global leader in designing and marketing NAND flash controllers for solid state storage devices and specialty RF IC solutions for mobile devices, announces that based upon its preliminary financial results, sequential revenue growth for the third quarter is expected to be at the lower end of the original guidance range that the company issued on July 30, 2013, of down 2.5% to up 2.5%. Gross margin (non-GAAP) is expected to be within the upper half of the company's guidance range of 47 to 49%.
The Company will release its full third quarter 2013 results after the market closes on October 24, 2013. The Company will host a conference call on October 25, at 8 am Eastern Time, to discuss its results.
(Speakers) Wallace Kou, President & CEO Riyadh Lai, CFO Jason Tsai, Director of Investor Relations and Strategy
CONFERENCE CALL ACCESS NUMBERS:
USA (Toll Free):
1 866 519 4004
1 845 675 0437
Taiwan (Toll Free)
0080 112 6920
REPLAY NUMBERS (for 7 days):
USA (Toll Free):
1 855 452 5696
1 646 254 3697
This call will be webcasted on the Company's website at
www.siliconmotion.com . The webcast will also be distributed through the Thomson Reuters StreetEvents Network to both institutional and individual investors. Individual investors can listen to the call at
www.earnings.com , Thomson Reuters/CCBN's individual investor portal. Institutional investors can access the call via Thomson Reuters password-protected event management site, StreetEvents (
ABOUT SILICON MOTION:
We are a fabless semiconductor company that designs, develops and markets high performance, low-power semiconductor solutions for the multimedia consumer electronics market. We have two major product lines, mobile storage and mobile communications. Our mobile storage business is composed of microcontrollers used in NAND flash memory storage products such as flash memory cards, USB flash drives, SSDs, and embedded flash applications. Our mobile communications business is composed primarily of handset transceivers and mobile TV IC solutions.