SHANGHAI, China, Oct. 15, 2014 (GLOBE NEWSWIRE) -- Montage Technology Group Limited ("Montage Technology" or "Montage" or the "Company") (Nasdaq:MONT), a global fabless provider of analog and mixed-signal semiconductor solutions addressing the home entertainment and cloud computing markets, today announced preliminary revenue results for the third quarter 2014 of approximately $46 million, exceeding its previously announced guidance range of $41 million to $45 million. The increased revenue expectations reflect higher sales of its memory interface solutions, which are expected to be approximately $14.0 million or 30 percent of revenue for the third quarter, primarily due to increased demand for its DDR4 RDIMM and LRDIMM solutions.
Montage plans to release its third quarter 2014 financial results on Friday, November 14, 2014 before the market opens. Following the release, Dr. Howard Yang, Chairman and CEO, Stephen Tai, President, and Mark Voll, Chief Financial Officer, will host a conference call at 8:00 a.m. U.S. Eastern Time, (9:00 p.m. in Shanghai, China) to discuss the Company's results.
Third Quarter 2014 Conference Call and Webcast Information:
- For parties in the United States, please call 1-855-232-6058, conference code 14639625
- For parties in China, please call 4006828609, conference code 14639625
- Other International parties, please call +1-631-291-4830, conference code 14639625
A telephone replay of the conference call will be available approximately two hours after the conference call and will be available for a period of 7 days. To hear the replay, parties in the United States should call 1-855-859-2056 and enter pass code 14639625. International parties should call +1-404-537-3406 and enter the same pass code.
Additionally, this conference call will be broadcast live over the Internet and can be accessed by all interested parties on the Investor Relations section of the Company's website at www.montage-tech.com.
About Montage Technology
Montage Technology is a global fabless provider of analog and mixed-signal semiconductor solutions currently addressing the home entertainment and cloud computing markets. In the home entertainment market, Montage's technology platform enables the Company to design highly integrated end-to-end solutions with customized software for set-top boxes. These solutions optimize signal processing performance under demanding operating conditions typically found in emerging marketing environments. In the cloud computing market, Montage offers high performance, low power memory interface solutions that enable memory intensive server applications. Its technology platform approach allows Montage to provide integrated solutions that meet the expanding needs of customers through continuous innovation, efficient design and rapid product development. For more information regarding Montage please visit the Company's website at www.montage-tech.com.
Forward Looking Statements
This press release contains forward-looking statements regarding our expected revenue results and sales of memory interface solutions, and reasons for those expectations, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are only predictions and may differ materially from quarterly review and annual actual results due to a variety of factors including adjustments that may result from the completion of our audit process or other factors described under the caption "Risk Factors" in our final prospectus filed with the U.S. Securities and Exchange Commission (the "SEC") on January 30, 2014 and our other filings with the SEC, which are available on our Investor Relations website at www.montage-tech.com and on the SEC website at www.sec.gov. In addition, please note that any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of the date of this release. We undertake no obligation to update these statements as a result of new information or future events.
|Mark Voll, CFO|
|Investor Relations Contact:|
|Leanne Sievers, EVP|
|Matt Kreps, Managing Director|
Source:Montage Technology Group Limited