UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of
The
Securities Exchange Act of 1934
Date
of
Report (Date of earliest event reported)
June
14, 2006
Lattice
Semiconductor Corporation
(Exact
name of registrant as specified in its charter)
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Delaware
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000-18032
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93-0835214
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||
|
(State
or other jurisdiction of incorporation)
|
(Commission
File Number)
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(IRS
Employer
Identification
No.)
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5555
N. E. Moore Court
Hillsboro,
Oregon 97124-6421
(Address
of principal executive offices, including zip code)
(503)
268-8000
(Registrant’s
telephone number, including area code)
(Former
name or former address, if changed since last report)
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
[
]
Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[
]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[
]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act
(17 CFR 240.14d-2(b))
[
]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act
(17 CFR 240.13e-4(c))
Item
7.01. Regulation FD Disclosure.
On
June
14, 2006, Lattice Semiconductor Corporation posted on its website a business
update for the second quarter of the fiscal year 2006. A copy of the business
update is furnished as Exhibit 99.1 to this report.
The
information in this Item 7.01 and in Exhibit 99.1 shall not be deemed to be
“filed” for the purposes of Section 18 of the Securities Exchange Act of 1934,
as amended (the “Exchange Act”), or incorporated by reference in any filing
under the Securities Act of 1933, as amended, or the Exchange Act, except as
shall be expressly set forth by specific reference in such filing.
Item
9.01. Financial Statements and Exhibits.
(d)
Exhibits.
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Exhibit No.
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Description
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99.1
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Business
Update dated June 14, 2006 (furnished, not filed,
herewith)
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2
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 hereunto
duly authorized.
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LATTICE
SEMICONDUCTOR CORPORATION
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Date:
June 14, 2006
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By:
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/s/
Jan Johannessen
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Jan Johannessen
Senior Vice President and
Chief Financial Officer
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EXHIBIT
INDEX
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Exhibit No.
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Description
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|
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99.1
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Business
Update dated June 14, 2006 (furnished, not filed,
herewith)
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4
Exhibit
99.1
News
Release
For
more
information contact:
Jan
Johannessen
Chief
Financial Officer
Lattice
Semiconductor Corporation
(503)
268-8000
LATTICE
SEMICONDUCTOR ANNOUNCES
BUSINESS
UPDATE FOR SECOND QUARTER
Raises
Revenue Guidance
HILLSBORO,
OR - JUNE 14, 2006 -
Lattice
Semiconductor (NASDAQ: LSCC) today announced its business update for the second
quarter of 2006.
Due
to positive quarter-to-date business trends,
particularly in the FPGA segment of the business, the Company today raised
its
revenue guidance. Additionally, due to a gain related to the liquidation of
a
portion of its foundry investments, the Company also raised its guidance
for Other Income. The revised guidance is as follows:
• Second
quarter revenue is expected to grow 5%-7% sequentially, as compared to previous
guidance of 3%-6%;
•
Other
Income is expected to be approximately $4.0 million, an increase over previous
guidance of $2.5 million.
All
other
guidance remains
unchanged.
No
conference call will be held in conjunction with this guidance
update.
The
foregoing business update contains forward-looking
statements. Lattice believes the factors identified below in connection
with each such statement could cause actual results to differ materially from
the forward-looking statements.
1
Estimates
of future revenue are inherently uncertain due
to the high percentage of quarterly “turns” business, as well as such factors as
pricing pressures, competitive actions, the demand for our products, and
our
ability to supply products to customers in a timely manner.
In
addition to the foregoing, other factors that may
cause actual results to differ materially from the forward-looking statements
herein include the Securities and Exchange Commission’s informal inquiry and any
resulting actions, our
ability to successfully conclude the settlement of our pending
securities class action litigation, the Company’s dependencies on its
silicon wafer suppliers, technological and product development risks, and
other
risks that are described from time to time in our filings with the Securities
and Exchange Commission. The Company does not intend to update or revise
any forward-looking statements, whether as a result of events or circumstances
after the date hereof or to reflect the occurrence of unanticipated
events.
About
Lattice Semiconductor
Lattice
Semiconductor Corporation provides the industry’s broadest range of Field
Programmable Gate Arrays (FPGA) and Programmable Logic Devices (PLD),
including Field Programmable System Chips (FPSC), Complex Programmable
Logic Devices (CPLD), Programmable Mixed-Signal Products (ispPACâ)
and Programmable Digital Interconnect Devices (ispGDXâ).
Lattice also offers industry leading SERDES products.
Lattice
continues to deliver "More of the Best" to its customers with comprehensive
solutions for system design, including an unequaled portfolio of high
performance, non-volatile and low cost FPGAs.
Lattice
products are sold worldwide through an extensive
network of independent sales representatives and distributors, primarily to
OEM
customers in communications, computing, industrial, consumer, automotive,
medical and military end markets. For more information, visit
http://www.latticesemi.com
#
# #
Lattice
Semiconductor Corporation, Lattice (& design), L (&
design), ispGDX, ispPAC and specific product designations are either
registered trademarks or trademarks of Lattice Semiconductor Corporation or
its
subsidiaries in the United States and/or other countries.
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