SOURCE: Supertex

May 04, 2006 09:00 ET

Supertex Provides Guidance on Fiscal Fourth Quarter Sales and Schedules Fourth Quarter and Fiscal 2006 Year-End Conference Call

Company Also Announces Participation in Upcoming Investor Conference

SUNNYVALE, CA -- (MARKET WIRE) -- May 4, 2006 -- Supertex, Inc. (NASDAQ: SUPX) today provided guidance for net sales for its fiscal fourth quarter ended April 1, 2006 of $23.8 to 24.1 million, an increase of about 20% from the prior quarter and about 102% from the same quarter of the prior year. For the fiscal year 2006, ended April 1, 2006, net sales increased about 41% from $56.6 million for fiscal year 2005 to about $80 million. The higher-than-expected net sales figure in the fourth fiscal quarter was due primarily to increased sales in the medical and imaging segments. "While our fiscal fourth quarter is historically our weakest in net sales, primarily due to a slowdown in sales after the Christmas holidays of cell phone handsets, we expect to outperform our earlier expectations," stated Dr. Pao. "Our fiscal year-end financial statement and internal control audit is still being completed. We have scheduled to release earnings for the fourth fiscal quarter and fiscal year-end on May 18, and we plan to provide our guidance during our earnings conference call regarding the fiscal 2007 first quarter sales."

The call is scheduled for 2:30 p.m. PDT, May 18, 2006, and is available live for any interested party by dialing 866-200-5830 (domestic) or 732-694-1588 (toll, international) before the scheduled start time and entering PIN code 780989#. A recorded replay will be available until 11:59 p.m. EDT, June 1, 2006, by dialing 866-206-0173 (domestic) and 732-694-1571 (toll, international) and entering PIN code 173413#.

In addition, Dr. Pao will be presenting at The Eighth Annual PIPER JAFFRAY HARDWARE & COMMUNICATIONS CONFERENCE on Wednesday, May 10, 2006, at 2:40 p.m. EDT at the New York Palace Hotel - 455 Madison Ave. New York, NY. 10022.

To access the live audio webcast of Dr. Pao's presentation on that day, visit http://www.corporate-ir.net/ireye/confLobby.zhtml?ticker=SUPX&item_id=1302733. An archived version of the event will be available for approximately 30 days following the Conference.

Forward-Looking Statements:

The industry in which we compete is characterized by extreme rapid changes in technology and frequent new product introductions. We believe that our long-term growth will depend largely on our ability to continue to enhance existing products and to introduce new products and features that meet the continually changing requirements of our customers. All statements contained in this press release that are not historical facts are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. They are not guarantees of future performance or events. Rather, they are based upon current expectations, estimates, beliefs, and assumptions about the future, which may prove incorrect as they are subject to uncertainties that are difficult to predict, and upon our goals and objectives, which may change. Often such statements can be identified by the use of the words such as "will," "intends," "expects," "plans," "believes," "anticipates" and "estimates." Forward-looking statements made in this release include our expected revenue for the fourth fiscal quarter, and the May 18 scheduled date of our earnings release and conference call. These forward-looking statements are based upon our assumptions about and assessment of the future, which may or may not prove true, and they involve a number of risks and uncertainties including, but not limited to, our distributor sell-through and draw-down of vendor managed inventory and the substantial completion of our audit as well as other risk factors detailed in our Form 8-K, 10-K, and 10-Q filings with the Securities and Exchange Commission. Due to these and other risks, our future actual results could differ materially from those discussed above. Except as required by law, we undertake no obligation to publicly release updates or revisions to these statements that speak only as of this date.

About Supertex

Supertex, Inc. is a publicly held mixed signal semiconductor manufacturer, focused on high voltage interface products for use in the telecommunication, networking system, flat panel display, medical, automotive and industrial electronics industries. Supertex product, corporate and financial information is readily available at www.supertex.com.

Contact Information

  • Corporate Headquarters:
    Dr. Henry C. Pao
    President & CEO
    408/222-8888
    Email Contact