California Micro Devices Corp. reported unaudited consolidated earnings results for the second quarter and six months ended September 30, 2009. For the quarter, the company reported net sales of $11,115,000 compared to $16,343,000 for the same period a year ago. Operating loss was $3,428,000 compared to $1,637,000 for the same period a year ago. Loss before income taxes were $3,433,000 compared to $444,000 for the same period a year ago. Net loss per share-basic and diluted was $0.15 compared to $0.08 for the same period a year ago. Net loss was $3,474,000 compared to $1,965,000 for the same period a year ago. Non-GAAP net loss was $2,465,000 or $0.11 per basic and diluted compared to net income of $265,000 or $0.01 per basic and diluted for the same period a year ago. For the six months, the company reported net sales of $20,463,000 compared to $30,443,000 for the same period a year ago. Operating loss was $6,887,000 compared to $3,075,000 for the same period a year ago. Loss before income taxes were $6,903,000 compared to $1,588,000 for the same period a year ago. Net loss per share-basic and diluted was $0.30 compared to $0.12 for the same period a year ago. Net loss was $6,926,000 compared to $2,883,000 for the same period a year ago. Non-GAAP net loss was $5,536,000 or $0.24 per basic and diluted compared to net loss of $313,000 or $0.01 per basic and diluted share for the same period a year ago. The company announced restructuring and asset impairment charges were $717,000 in its second quarter. The company provided earnings guidance for the third quarter of fiscal 2010. For the quarter, the company expects revenue to be between $10.5 and $12.5 million with a GAAP EPS loss of between $0.04 and breakeven, and non-GAAP EPS between a loss of $0.03 and a profit of $0.01. The company also expects to significantly increase non-GAAP gross margin to between 34.0% and 35.0%, up from 27.3% in second quarter, and to generate positive operating cash flow between breakeven and $200,000.

California Micro Devices Corp. expected to Report Q3 2010 Results on January 25, 2010. This event was calculated by Capital IQ (Created on October 29, 2009).

California Micro Devices Corp. announced that Dr. Edward C. Ross has been elected chairman of its Board of Directors in a unanimous vote of the Board, succeeding Wade F. Meyercord who had served as chairman since 1994. Dr. Ross has served on the CMD Board since June 2002 and has been a member of its compensation and nominating and corporate governance committees for the past several years.