Summary
This 8-K filing from Microchip Technology Inc. (MCHP) addresses a minor correction to a press release issued on January 31, 2007. The correction pertains to a statement about the company's opening backlog for the March 2007 quarter. The press release incorrectly stated that the opening backlog for the March 2007 quarter was higher than the opening backlog for the September 2006 quarter. The company is clarifying that the opening backlog for the March 2007 quarter was, in fact, higher than the opening backlog for the December 2006 quarter. This clarification was also discussed during the company's earnings conference call on January 31, 2007. Investors should note that this filing does not contain new financial results but corrects a previous statement regarding backlog figures.
Key Highlights
- 1Correction of a press release statement regarding opening backlog figures.
- 2The March 2007 quarter's opening backlog is confirmed to be higher than the December 2006 quarter's opening backlog.
- 3The original press release incorrectly compared the March 2007 backlog to the September 2006 backlog.
- 4The clarification was already provided during the January 31, 2007 earnings conference call.
- 5This filing is informational and serves to correct a minor inaccuracy, not to introduce new financial data.
- 6The filing is made under Item 2.02 of Form 8-K, concerning Results of Operations and Financial Condition.