Integrated Circuit Systems Revises Revenue Guidance Up For Q2 Fiscal 2002

Business Wire, Dec 20, 2001

Business Editors

VALLEY FORGE, Pa.--(BUSINESS WIRE)--Dec. 20, 2001

Integrated Circuit Systems, Inc. (Nasdaq:ICST) today announced that it revised its revenue guidance upward for the second fiscal quarter ending December 29, 2001.

Reflecting continuing strength in demand for its products in both the PC and games machine markets, the second fiscal quarter revenue is forecasted to increase 5% - 10% compared to the previous quarter versus earlier guidance of a 5% revenue increase.

Cash collections for the quarter have increased as days sales outstanding have declined substantially.

[pilcrow (paragraph sign)] About ICS

Integrated Circuit Systems, Inc. is a leader in the design, development and marketing of silicon timing devices for communications, networking, computing and digital multimedia applications. The Company is headquartered in Valley Forge, PA, with key facilities in San Jose, CA; Tempe, AZ; and Singapore.

Statements included in this release, to the extent they are forward looking, involve a number of risks and uncertainties related to competitive factors, technological developments and market demand. Further information on these and other potential factors that could affect the Company's financial results can be found in the Company's Form 10-K filed on September 12, 2001.