CML Microsystems PLC
02 August 2006
For Release
2 August 2006
CML MICROSYSTEMS PLC
AGM Statement
CML Microsystems Plc ('CML'), which designs, manufactures and markets a broad
range of semiconductor products, primarily for the global communications
industry, held its Annual General Meeting at today at 12 noon at Layer Marney,
Essex.
Following the formal proceedings of the AGM, the following statement was made:
'The slowdown in the order intake from the significant customer has continued in
line with our expectations in early June and will as we advised have a
significant impact on our first half results and consequently the year. Though
difficult to forecast when these conditions will change we are still confident
about the long-term commitment to CML by this customer. The operating results of
the other group operations in these opening months have met our internal
forecasts.
'Though at an early stage of the year it is clear that this will be a
challenging period for the group but subject to unforeseen circumstances, I
still feel confident that the second half will show the progress needed to
achieve the current market expectations for the full year.'
ENDS
CML Microsystems Plc Tel: 01621 875 500
Nigel Clark, Financial Director
Chris Gurry, Business Development Director
Parkgreen Communications Ltd
Paul McManus Mob: 07980 541 893
This information is provided by RNS
The company news service from the London Stock Exchange
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