OmniVision Technologies Inc. (NASDAQ:OVTI)

"We are extremely encouraged  by our reported operating results for the fourth quarter which were within the upper range of our guidance," stated Shaw Hong, chief executive officer of OmniVision Technologies, Inc.

"As we enter the summer season, which typically marks the beginning of the consumer product refresh cycle, we are very excited by our prospects for a strong upward movement in revenues, as reflected in our guidance for the first quarter of fiscal 2011," Mr. Hong concluded.

Based on current trends, the Company expects fiscal first quarter 2011:

• Revenues will be in the range of $190 million to $210 million.
  
• GAAP net income per share attributable to OmniVision Technologies, Inc. common stockholders will be between $0.17 and $0.30 per diluted share.
  
• Excluding the estimated expense and related tax effects associated with stock-based compensation, the Company expects its non-GAAP net income per share attributable to OmniVision Technologies, Inc. common stockholders will be between $0.27 and $0.40 per diluted share.