Intersil Corporation Reports Preliminary Third Quarter 2012 Revenue and Schedules Results on October 24th

Tue Oct 9, 2012 8:00am EDT

* Reuters is not responsible for the content in this press release.

  MILPITAS, CA, Oct 09 (Marketwire) -- 
Intersil Corporation (NASDAQ: ISIL) today reported preliminary revenue
for its third quarter ended September 28, 2012. 

    Revenue for the third quarter of 2012 was approximately $151 million, a
19% decrease from $186.8 million in the third quarter of 2011, and a 7%
decrease from $163.0 million in the second quarter of 2012. Weakness in
the worldwide Personal Computing business was the primary driver of lower
revenue in the third quarter.

    Changes in Intersil's third quarter end market product revenue mix are
summarized below.



----------------------------------------------------------------------------    
                                 Q3 2012       Q3 2011       Q2 2012
End Market*                        % of Revenue  % of Revenue  % of Revenue 
----------------------------------------------------------------------------
Industrial & Infrastructure             57%           52%           59%
Personal Computing                      21%           25%           25%
Consumer                                22%           23%           17%
----------------------------------------------------------------------------

    
*Note: Percentages may not calculate precisely due to rounding

    Intersil exited the third quarter with over $300 million in cash and
short term investments. Intersil's strong balance sheet and cash flow can
continue to support the current dividend policy, even through cyclical
industry downturns. 

    Intersil will announce its full third quarter 2012 financial results on
Wednesday, October 24, 2012 at 1:45 p.m. Pacific Time. Dave Bell,
Intersil's President and Chief Executive Officer, and Jonathan Kennedy,
Senior Vice President and Chief Financial Officer, will provide details
on the company's third quarter 2012 financial performance, as well as an
outlook for the fourth quarter of 2012. 

    A press release will be transmitted immediately following the market
close on October 24th. Those wishing to participate in the conference
call please dial (866) 700-6293, and international participants please
dial (617) 213-8835, using the password 49837519 at approximately 1:40
p.m. Pacific Time. Those wishing to listen to the call may also do so via
webcast on the company's investor relations website: ir.intersil.com. A
copy of the presentation and prepared remarks accompanying the conference
call will also be available on Intersil's website.

    A replay of the call will be available for two weeks following the
conference call on the company website, or may be accessed by dialing
(888) 286-8010, international dial (617) 801-6888, using the password
47121933. 

    About Intersil
 Intersil Corporation is a leader in the design and
manufacture of high-performance analog, mixed-signal and power management
semiconductors. The company's products address some of the fastest
growing markets within the industrial and infrastructure, personal
computing and high-end consumer markets. For more information about
Intersil or to find out how to become a member of our winning team, visit
our website and career page at www.intersil.com.

    FORWARD-LOOKING STATEMENTS
 Intersil Corporation press releases and other
related comments may contain forward-looking statements as defined in
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, in connection with the Private
Securities Litigation Reform Act of 1995. Such forward-looking statements
are based upon Intersil's management's current expectations, estimates,
beliefs, assumptions and projections about Intersil's business and
industry. Words such as "anticipates," "expects," "intends," "plans,"
"predicts," "believes," "seeks," "estimates," "may," "will," "should,"
"would," "potential," "continue," "goals," "targets" and variations of
these words (or negatives of these words) or similar expressions, are
intended to identify forward-looking statements. In addition, any
statements that refer to projections or other characterizations of future
events or circumstances, including any underlying assumptions, are
forward-looking statements. These forward-looking statements are not
guarantees of future performance and are subject to certain risks,
uncertainties and assumptions that are difficult to predict. Therefore,
our actual results could differ materially and adversely from those
expressed in any forward-looking statements as a result of various risk
factors. Intersil does not adopt and is not responsible for any
forward-looking statements and projections made by others in this press
release. Intersil's Annual Report on Form 10-K, subsequent Quarterly
Reports on Form 10-Q, recent Current Reports on Form 8-K and other
Intersil filings with the U.S. Securities and Exchange Commission (which
you may obtain for free at the SEC's web site at http://www.sec.gov)
discuss some of the important risk factors that may affect our business,
results of operations and financial condition. These forward-looking
statements are made only as of the date of this communication and
Intersil undertakes no obligation to update or revise these
forward-looking statements.

    

Investor Contact
Brendan Lahiff
Sr. Investor Relations Manager
Intersil Corporation 
Phone: (408) 546-3399 
Email: investor@intersil.com 

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