O\\2\\Micro Reports First Quarter Sales and Earnings
Santa Clara, CA and George Town, Grand Cayman, May 2, 2001. O2Micro International Limited (Nasdaq:
OIIM), a leading supplier of innovative ICs for power management, reported today its financial results for the first
quarter ended March 31, 2001.
Net sales for the first quarter, were $8.8 million, a 5% increase over the comparable quarter of the prior year.
The company grew sales revenue despite the industry inventory correction and general economic conditions.
Net income for the first quarter, was $646,000, compared to $1,245,000 for the comparable quarter of the prior
year. Due to the focus given to proprietary products business, margin expectations were exceeded and
profitability was maintained while aggressively expanding the investment in R&D.
Earnings per share for the first quarter, fully diluted, were 2 cents per share, compared to 4 cents per share for
the comparable quarter of the prior year.
"The first quarter 2001 was one of investment for O\\2\\Micro", said Sterling Du, Chairman and CEO. "We
invested in the establishment of a design center in Shanghai and warehouse distribution center in Hong Kong.
O\\2\\Micro continued to strengthen its position through increases in intellectual property, introduction of new
high-performance products, and increased market penetration".
O\\2\\Micro announced that its best estimate for second quarter is for an increase in net sales of 5% to 8% over
Conference Call: O\\2\\Micro will hold its first quarter conference call today at 2:00 p.m. PDT; 5:00pm EDT.
You may participate by dialing (877) 692-2587 or
(973) 633-6740. A replay of the call will be available by phone until May 9/th/ by dialing (877) 519-4471 or
973-341-3080, PIN #2534369. A live simulcast will also be available at www.streetevents.com and an online
replay will be available for one week on the company website at www.o2micro.com.
Founded in March 1995, O\\2\\Micro designs, develops an