Integrated Silicon Solution, Inc. Slips On Q4 Warning

Integrated Silicon Solution, Inc. ISSI extended its losses Wednesday after warning that fiscal fourth-quarter results will fail to meet the Wall Street consensus.

Integrated's shares are down more than 21 percent in the past three months and fell more than 7 percent Wednesday, to $11.85 per share.

Scott D. Howarth, chief executive of the Milipitas, California, chip-maker, blamed weakness in the communications and consumer markets in Asia as well as "wafer shortages from one of our flash foundries."

The company's industrial and automotive markets continued to perform well, Horwath said.

The company now expects to post fourth-quarter earnings on October 29 of $0.19 to $0.23 per share, down from its earlier forecast of $0.25 to $0.29 per share.

Revenue is expected at $84 million, down from earlier guidance of $85 million to $89 million.

Wall Street expects earnings of $0.27 per share on revenue of $86.98 million.

Earlier this week Needham & Co.'s Rajvindra S. Gill said a weakening euro and yen could hurt Interface's revenue forecasts.

The euro is off 8.2 percent versus the U.S. dollar in the past six months, and the yen has declined 4.2 percent. Integrated Silicon obtains about 20 percent of its revenue in Europe, Gill said.