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Lattice Semiconductor Reduces OutlookHILLSBORO, Ore. - June 7, 2001 - Lattice Semiconductor Corporation (NASDAQ: LSCC) today announced that it expects revenue for the June 2001 quarter to be down 30 percent, plus or minus a few percentage points, versus the revenue reported in the March 2001 quarter. Management believes this shortfall is the result of a general decline in PLD consumption within the communications and computing end markets. For the June 2001 quarter, the Company expects gross margin as a percentage of revenue to be consistent with the prior quarter. The Company also expects proforma operating income to be approximately 20 percent of revenue and earnings before goodwill (EBG) to be approximately 18 percent of revenue. "Semiconductor and PLD market conditions remain poor", stated Cyrus Y. Tsui, president and chief executive officer. "Our business has stabilized at extremely low levels. As we have no visibility, our current outlook assumes no near term improvement in business levels. Should conditions improve, we are hopeful of a return to sequential revenue growth in the second half of 2001." "Although our immediate outlook is subdued, we remain optimistic regarding the longer term prospects of the programmable logic market and our own competitive position. Accordingly, we continue to invest aggressively and cost effectively in new product development activities in order to expand our product portfolio and market coverage while maintaining our profitability", Tsui concluded. Lattice has published a "Business Update Statement" covering the June 2001 quarter on our website, www.lscc.com. The foregoing paragraphs contain forward-looking statements within the meaning of the Federal Securities laws including statements about future quarterly financial results, revenues, customers, product offerings and our ability to compete. Investors are cautioned that actual events and results could differ materially from these statements as a result of a number of factors, including overall semiconductor market conditions, market acceptance and demand for our new products, our dependencies on our silicon wafer suppliers, the impact of competitive products and pricing, technological and product development risks. Oregon-based Lattice Semiconductor Corporation designs, develops and markets the broadest range of high-performance ISPTM programmable logic devices (PLDs) and offers total solutions for today's advanced logic designs. Lattice products are sold worldwide through an extensive network of independent sales representatives and distributors, primarily to OEM customers in the communication, computing, industrial and military end markets. Company headquarters are located at 5555 N.E. Moore Court, Hillsboro, Oregon 97124 USA; Telephone (503) 268-8000; FAX (503) 268-8037. For more information access our web site at: www.latticesemi.com. # # #
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