Microtune Announces Preliminary Fourth Quarter and Year 2006 Financial Information

Thursday, February 8th, 2007
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Revenue Increase of 21% Year-over-Year

PLANO, Texas — Microtune®, Inc. (NASDAQ: TUNE) today reported preliminary unaudited financial information for the quarter and year ended December 31, 2006.

“We were pleased that our performance came within the guidance range projected last November,” said James A. Fontaine, Microtune President and CEO.

RECENT BUSINESS HIGHLIGHTS

  • Microtune unveiled a new lower-power, high-performance analog/digital TV tuner (MT2130) for portable devices, including notebook PCs, tuner sticks, portable TVs and other power-sensitive devices.
  • Microtune announced that the U.S. Patent and Trademark Office had confirmed the patentability of 163 claims in the Company’s pioneering silicon TV tuner technology patent.
  • Microtune announced that its MicroTuner digital tuner chip is deployed in the new DVB-T-compliant head-ends of A2B Electronics AB, one of the major suppliers of cable- and digital-TV equipment in the Nordic countries.
  • Microtune announced that it has taken its second round of orders for its mobile TV tuners from LG Electronics, Inc. (LG) and is currently shipping product.
  • Microtune announced that it has surpassed the significant milestone of shipping more than fifty-million MicroTuner™ chips, reconfirming the Company’s market position as a world-leading supplier of single-chip silicon TV tuners.

“Our critical goal in 2006 was to position Microtune for the opportunities in 2007 and 2008,” said Mr. Fontaine. “In moving into the new year, we are now focused on leveraging what we believe is a strong product and competitive position to strengthen our core cable and automotive business, to ramp new products with existing customers, to secure new design wins in our digital TV and mobile TV markets and to expand business opportunities in China. Beginning with Q1, we expect revenues to be in the range of $18.0 million to $19.0 million, a significant increase over the previous quarter and the first quarter of last year. Given the current environment, we have chosen to limit our guidance to one quarter. However, we expect 2007 to be another growth year for Microtune.”

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