SAN JOSE, Calif., Jan 05, 2009 (BUSINESS WIRE) --
Super Micro Computer, Inc. (NASDAQ:SMCI), a leader in application
optimized, high performance server solutions, today provided preliminary
information regarding its financial results for the second fiscal
quarter ended December 31, 2008.
The company also announced that it will report its final financial
results for its second quarter fiscal year 2009 on Wednesday, January
28, 2009, immediately after the close of regular trading, followed by a
teleconference beginning at 2:00 p.m. (Pacific Time).
The company now anticipates that it will report revenue for its second
quarter of fiscal 2009 in the range of $127 to $129 million. This
compares to the company's previous guidance range of $140 to $150
million. The company's lower revenue is a result of the severe general
economic conditions experienced during the quarter which has delayed
buying decisions of customers as they seek better visibility into IT
spending trends for servers and storage.
The company also anticipates that its non-GAAP earnings per share will
be in a range of $0.15 to $0.16. This compares to the company's previous
guidance of $0.18 to $0.22 per share. The lower earnings per share
guidance results primarily from lower revenue volume.
"The results for the second fiscal quarter reflect the severe economic
contraction experienced since the financial crisis began in September.
The overall economy impacted our customers during the quarter as they
delayed buying decisions until they have better visibility. While we
continued to experience strong demand in December, it was not enough of
offset the slowdown experienced in November," said Charles Liang, CEO of
Supermicro. "Our company has a strong balance sheet and cash position,
and is well positioned for the second half fiscal 2009. In particular,
in late December, the company announced a number of new low cost but
high volume potential server solutions to extend its offerings in the
price sensitive small business and home office markets in addition to
preparing for the big launch of new servers based on Intel's Nehalem
processor. We are taking the necessary steps to control costs during
this period of uncertainty. We will provide guidance for the quarter
ending March 31 at the time of our earnings call later this month."
Howard Hideshima will be presenting at the Needham Growth Conference in
New York on Tuesday, January 6, 2009, at 2:30 p.m. ET/ 11:30 a.m. PT.
Conference Call/Webcast Information for January 28, 2009
Supermicro will hold a teleconference to announce its final second
fiscal quarter financial results on January 28, 2009, beginning at 2
p.m. Pacific time. Those wishing to participate in the conference call
should call 1-888-637-7738 (international callers dial 1-913-981-5536) a
few minutes prior to the call's start to register. A replay of the call
will be available through 11:59 p.m. (Eastern Time) on Wednesday,
February 4, by dialing 1-888-203-1112 (international callers dial
1-719-457-0820) and entering replay PIN 2990334.
Those wishing to access the live or archived webcast via the Internet
should go to the Investor Relations tab of the Supermicro website at www.Supermicro.com.
Cautionary Statement Regarding Forward Looking Statements
Statements contained in this press release that are not historical fact
may be forward-looking statements within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. Such forward-looking statements may relate, among other
things, to our expected financial and operating results, our ability to
build and grow Super Micro Computer, the benefits of our products and
our ability to achieve our goals, plans and objectives. Such
forward-looking statements do not constitute guarantees of future
performance and are subject to a variety of risks and uncertainties that
could cause our actual results to differ materially from those
anticipated. Additional factors that could cause actual results to
differ materially from those projected or suggested in any
forward-looking statements are contained in our filings with the
Securities and Exchange Commission, including those factors discussed
under the caption "Risk Factors" in such filings.
About Super Micro Computer, Inc.
Supermicro emphasizes superior product design and uncompromising quality
control to produce industry-leading serverboards, chassis and server
systems. These Server Building Block Solutions provide benefits across
many environments, including data center deployment, high-performance
computing, high-end workstations, storage networks and standalone server
installations. For more information on Supermicro's complete line of
advanced motherboards, SuperServers, and optimized chassis, visit www.Supermicro.com,
email Marketing@Supermicro.com,
or call the San Jose, CA headquarters at +1 408-503-8000.
SMCI-F
SOURCE: Super Micro Computer, Inc.
Super Micro Computer, Inc.
Perry G. Hayes, 408-895-6570
SVP, Investor Relations
PerryH@Supermicro.com
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