Parade Announces Q2 2012 Business Outlook

Posted May 4th, 2012

Parade Technologies, Ltd. (GTSM: 4966) (“Parade”) announced its Q2 2012 business outlook on May 2, 2012 as follows:

  • Revenue: Around US$38.5~40.5 Million
  • Gross margin: Flat sequentially
  • Operating expense: Around US$8~9 Million

This press release includes forward-looking statements. All statements, other than statements of historical facts, that address activities, events or developments that Parade Technologies Ltd. expects or anticipates will or may occur in the future are forward-looking statements.

Parade’s actual results or developments may differ materially from those indicated by these forward-looking statements as a result of various factors and uncertainties, including but not limited to price fluctuations, actual demand, exchange rate fluctuations, market share, competition, environmental risks, change in legal, government policies, international economic and financial market conditions, political risks, cost estimates and other risks and factors beyond our control.

Parade does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.

About Parade Technologies, Ltd.
Parade Technologies, Ltd. (GTSM: 4966) is a leading fabless supplier of mixed-signal ICs for a variety of popular display and high-speed interface standards used in computers, consumer electronics and display panels. Parade’s portfolio of IC products serves the growing demand for HDMI™, DisplayPort™, SATA, and USB ICs in display, storage and interface applications.

Parade leverages its close relationships with market-leading Tier-1 OEMs to develop ICs that provide unique system capabilities. Many of the company’s devices integrate proprietary technologies that offer superior system signal integrity, advanced system integration and enhanced power efficiency. As a result of the company’s “standards-plus” design philosophy, Parade ICs have been designed into products offered by nearly every leading computer and display vendor worldwide.