SOURCE: Intersil


September 12, 2011 16:05 ET

Intersil Corporation Revises Third Quarter 2011 Revenue Guidance

MILPITAS, CA--(Marketwire - Sep 12, 2011) - Intersil Corporation (NASDAQ: ISIL), a world leader in the design and manufacture of high performance analog and mixed signal semiconductors, today revised its guidance for the third quarter 2011. The company now expects its third quarter revenue to range from $184 million to $188 million, versus previous guidance of $205 million to $213 million.

"Demand during the third quarter has been weaker than expected in all of our end markets," said Dave Bell, President and Chief Executive Officer. "We believe this is the result of broad-based economic weakness, along with some excess inventory consumption. However, we now see signs that inventory is stabilizing, with bookings likely recovering to consumption rates during the remainder of the third quarter."

As previously announced, third quarter 2011 GAAP earnings will be impacted by approximately $8 million in non-cash costs associated with the long-term debt refinancing.

Intersil will discuss its third quarter fiscal 2011 financial results during its scheduled conference call following the market close on October 26, 2011.

About Intersil
Intersil Corporation is a leader in the design and manufacture of high-performance analog, mixed-signal and power management semiconductors. The Company's products address some of the fastest growing markets within the communications, computing, high-end consumer and industrial electronics markets. For more information about Intersil or to find out how to become a member of our winning team, visit the Company's web site and career page at

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