Pericom Semiconductor Updates Revenue Outlook for the Fiscal Third Quarter 2008

~ Revenue expected to be at upper end of previously-provided outlook range ~

SAN JOSE, Calif., March 24 /PRNewswire-FirstCall/ -- Pericom Semiconductor Corporation (NASDAQ: PSEM), a worldwide supplier of high-speed integrated circuits and frequency control products, today updated the revenue outlook for its fiscal third quarter ending March 31, 2008.


Net revenues for the third quarter are expected to be in the range of $39.6 to $40.7 million, which is at the upper end of the Company's previously-provided revenue outlook range.

"For the various end markets we serve, we continue to experience positive business trends despite the seasonally slower March quarter," said Alex Hui, President and Chief Executive Officer. "This is especially true of our high-speed serial protocol solutions and demonstrated by the ramp of high-end desktop PCs and notebook programs where we continue to achieve important design wins."

Earnings Conference Call

The Company will provide additional financial and operating details for the fiscal third quarter 2008, as well as F4Q08 outlook, in conjunction with its regularly scheduled earnings announcement on Wednesday, April 30, 2008.

On that day, an earnings release will be followed by a conference call beginning at 1:30 p.m. Pacific time. To listen to the call, dial (877) 627-6580 (domestic) or (719) 325-4852 (international)and reference "Pericom."

A taped replay of the conference call will be made available for four business days. To listen to the replay, dial (888) 203-1112 and reference Passcode 6574256.

The Pericom financial results conference call will be available via a live webcast on the investor relations section of the web site at Access the web site 15 minutes prior to the start of the call to download and install any necessary audio software. An archived webcast replay will be available on the web site for approximately 90 days.

About Pericom

Pericom Semiconductor Corporation (NASDAQ: PSEM) enables serial connectivity with the industry's most complete solutions for the computing, communications and consumer market segments. Pericom's analog, digital and mixed-signal integrated circuits, along with its SaRonix-eCERA frequency control products are essential in the timing, switching, bridging and conditioning of high-speed signals required by today's ever-increasing speed and bandwidth demanding applications. Company headquarters is in San Jose, Calif., with design centers and technical sales and support offices globally.

This press release contains forward-looking statements as defined under The Securities Litigation Reform Act of 1995. Forward-looking statements in this release include the statements regarding anticipated net revenues for the third quarter, our continuing to experience positive business trends and our continuing to achieve important design wins. The Company's actual results could differ materially from what is set forth in such forward-looking statements due to a variety of risk factors, including softness in demand for our products, price erosion for certain of our products, customer decisions to reduce inventory, economic or financial difficulties experienced by our customers, or technological and market changes. All forward-looking statements included in this document are made as of the date hereof, based on information available to the Company as of the date hereof, and Pericom assumes no obligation to update any forward-looking statements. Parties receiving this release are encouraged to review our annual report on Form 10-K for the year ended June 30, 2007, and our quarterly report on Form 10-Q/A for the quarter ended September 29, 2007, and, in particular, the risk factors sections of those filings.

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