UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of December 2004
DIALOG SEMICONDUCTOR PLC
(Translation of registrant's name into English)
Neue Strasse 95, D-73230 Kirchheim/Teck-Nabern, Germany
(Address of principal executive offices)
(Indicate by check mark whether the registrant files or will file annual reports
under cover of Form-20-F or Form 40-F.)
Form 20-F X Form 40-F
----- -----
(Indicate by check mark whether the registrant by furnishing the information
contained in this form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.)
Yes No X
----- -----
(If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b):
82 .)
---------
TABLE OF CONTENTS
Press Release of Dialog Semiconductor Plc dated December 15, 2004:
Dialog Semiconductor Provides Trading Update for Fourth Quarter 2004
KIRCHHEIM/TECK, Germany--(BUSINESS WIRE)--Dec. 15, 2004--Dialog
Semiconductor Plc (Nasdaq: DLGS, FWB: DLG) has announced that the weak
US dollar against the Euro is having a negative impact on the
Company's fourth quarter 2004 results. In addition the Company
experienced lower than forecast take up by customers of wireless
communication ICs. As a result of these factors, the Company expects
that gross margin for the quarter will be down approximately 8%
compared to Q3 2004. This will result in a net loss for both the
quarter and the full year and a higher than planned level of inventory
at the end of 2004. Nevertheless the Company expects to show revenue
growth of more than 20% and a reduction in operating losses for the
full year 2004 compared to 2003 of approximately 50%.
Roland Pudelko, CEO & president commented, "After a strong
performance in the first nine months of 2004 where revenue grew 30%
over the same period of 2003, we have seen a slowdown of our revenue
growth in Q4 and our trading has been impacted by significant exchange
rate movements. In response to this changing trading environment we
have implemented a full operational review to ensure that our costs
are managed appropriately to our revenue levels."
"During the fourth quarter of 2004 we have continued to add
customers and design wins for both our core products, such as power
management and audio ICs (integrated circuits), as well as for our
recently launched color display driver ICs. We are also maintaining
progress in our transition from an application specific IC (ASIC)
supplier to an application specific standard products (ASSPs) vendor.
Therefore we believe the prospects for growth remain positive."
Information about Dialog Semiconductor
Dialog Semiconductor develops and supplies power management, audio
and imaging technology, delivering innovative mixed signal standard
products as well as application specific IC solutions for wireless,
automotive and industrial applications. The company's expertise in
mixed signal design, with products manufactured entirely in CMOS
technology, enhances the performance and features of wireless,
hand-held and portable electronic products. Its technology is also
used in intelligent control circuits in automotive and industrial
applications. Dialog Semiconductor Plc is headquartered near
Stuttgart, Germany with additional design facilities in the UK, the
USA, Austria and Japan. The company is listed on the Frankfurt (FWB:
DLG), and on the NASDAQ (DLGS) exchanges.
Forward Looking Statement
This press release contains "forward-looking statements" that
reflect management's current views with respect to future events. The
words "anticipate," "believe," "estimate, "expect," "intend," "may,"
"plan," "project" and "should" and similar expressions identify
forward-looking statements. Such statements are subject to risks and
uncertainties, including, but not limited to: an economic downturn in
the semiconductor and telecommunications markets; changes in currency
exchange rates and interest rates, the timing of customer orders and
manufacturing lead times, insufficient, excess or obsolete inventory,
the impact of competing products and their pricing, political risks in
the countries in which we operate or sale and supply constraints. If
any of these or other risks and uncertainties occur (some of which are
described under the heading "Risk Factors" in Dialog Semiconductor's
most recent Annual Report and under the heading "Risk Factors" in
Dialog Semiconductor's most recent Annual Report on Form 20-F filed
with the Securities and Exchange Commission), or if the assumptions
underlying any of these statements prove incorrect, then actual
results may be materially different from those expressed or implied by
such statements. We do not intend or assume any obligation to update
any forward-looking statement, which speaks only as of the date on
which it is made.
CONTACT: Dialog Semiconductor
Birgit Hummel, +49-7021-805-412
Fax +49-7021-805-200
birgit.hummel@diasemi.com
www.dialog-semiconductor.com
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
--------------------------------------------------------------------------------
DIALOG SEMICONDUCTOR PLC
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Date December 15, 2004 By /s/ ROLAND PUDELKO
------------------ -------------------
--------------------------------------------------------------------------------
Roland Pudelko
--------------------------------------------------------------------------------
Executive Director, CEO and President
--------------------------------------------------------------------------------