GlobeNewswire
2010-07-07
Schedules 2Q 2010 Earnings Conference Call
TAINAN, Taiwan, July 7, 2010 (GLOBE NEWSWIRE) -- 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