Integrated Silicon Solution reports preliminary 1Q results

Integrated Silicon Solution has provided preliminary financial results for its first fiscal quarter ended 31 December 2010, during which the company experienced weaker than expected end-market demand, primarily for its DRAM products.

Revenue is expected to be in the range of $65.5 to $67m (£42.2 to £43m) compared to previous guidance of $68 to $72m as provided on 27 October 2010, while net income is expected to be in the range of $0.25 to $0.30 per fully diluted share, compared to previous guidance of $0.30 to $0.36 per share.