O2Micro (OIIM) Guides Below The Street
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O2Micro International Limited (NASDAQ: OIIM) expects third quarter revenue to be $37-$38 million, which is below the consensus of $41.4 million. Gross margin in the third quarter should be slightly higher than the second quarter of 2008.
Sterling Du, chairman and CEO of O2Micro, commented, "it was a challenging quarter, but we maintained tight expense controls and delivered solid pro-forma profitability along with a very strong gross margin. As we previously discussed, our dollar content in low-end machines is less and the weak economic conditions have exacerbated this problem."
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