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Monday, 01/22/2007 9:05:25 AM

Monday, January 22, 2007 9:05:25 AM

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Simtek raises Q4 revenue outlook

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Reuters U.S. Company News
06:49 a.m. 01/22/2007


Jan 22 (Reuters) - Simtek Corp. (SMTK) raised its fourth-quarter revenue outlook aided by a double-digit growth in product revenue, and said it expects to report a net income for the quarter for the first time in more than five years.

In a statement, the company said it expects positive net income, excluding items, for the full year.

The integrated circuits maker said it expects fourth-quarter revenue of about $9.7 million. It had earlier forecast revenue of $9.0 million to $9.3 million for the same period. (Reporting by Anup Roy in Bangalore)

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