Stanford Microdevices (SMDI) - 500 Beiträge pro Seite

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Stanford Microdevices Inc. is a designer and supplier of high performance radio frequency (RF) components for communications equipment. The Company`s products are used primarily in wireless communications equipment to enable and enhance the transmission and reception of voice and data signals. Its customers include communications equipment manufacturers and a private label reseller of its RF components. The Company designs its products to meet the rapidly evolving performance requirements for mobile wireless applications, such as cellular and mobile data networks, broadband wireline applications, such as coaxial cable and fiber optic networks, and fixed wireless applications, such as local and wide area site-to-site data networks.

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Stanford Microdevices Announces Fourth-Quarter 2000 Results
$0.04 Pro Forma EPS on 87% Revenue Growth
SUNNYVALE, Calif.--(BUSINESS WIRE)--Jan. 22, 2001--Stanford Microdevices, Inc. (Nasdaq:SMDI - news) today announced its financial results for the fourth quarter and full year ended December 31, 2000.

Net revenues for the fourth quarter of 2000 were $10.7 million, up 87% from $5.7 million for the fourth quarter of 1999 and up 20% from $8.9 million for the third quarter of 2000. Excluding revenues from contract manufacturing services no longer provided by the company, fourth-quarter net revenues grew 92% year-over-year.

Net income for the fourth quarter of 2000 was $1.3 million, or $0.04 per share on a diluted basis. This was more than five times the $250,000, or $0.01 per share on a diluted basis, reported for the third quarter.

Excluding the amortization of deferred stock compensation and special charges, pro forma net income for the fourth quarter was $1.4 million, or $0.04 per share on a diluted basis. This compared with a net loss of $373,000, or a loss of $0.02 per share on a diluted basis, for the same quarter of 1999, with the same exclusions plus the accretion of preferred stock.

``Solid revenue growth continued through the fourth quarter, driving sequential earnings momentum, as we fortified our market position and strengthened our business,`` said Robert Van Buskirk, president and chief executive officer of Stanford Microdevices. ``During the quarter, we expanded our product lines for current and next-generation (2G/2.5G/3G) mobile wireless infrastructure equipment, while extending our leadership in the design and marketing of broadly applicable, technology-enabled RF components. Overall, we`re pleased with our first year`s performance as a public company. Our current outlook for 2001 calls for continued growth in revenues and earnings, as we manage the business conservatively through near-term uncertainty in the telecommunications market.``

Net revenues for full-year 2000 were $34.6 million, nearly double the $18.1 million reported for 1999. Excluding revenues from contract manufacturing services no longer provided by the company, annual net revenues grew 100% year-over-year.

Excluding the amortization of deferred stock compensation, special charges and accretion of preferred stock, pro forma net income for 2000 was $2.9 million, or $0.10 per share on a diluted basis. This compared with 1999 net income of $724,000, or $0.04 per share on a diluted basis, with the same exclusions.

Fourth-quarter 2000 gross margin was 59%, compared with 42% for the same quarter a year earlier and with 55% for the prior quarter. Full-year 2000 gross margin was 58%.

At December 31, 2000, total assets were $82.3 million, including cash and investments of $58.3 million.

Stanford Microdevices management plans to hold a teleconference at 1:45 p.m. PT / 4:45 p.m. ET today to discuss fourth-quarter financial results and business highlights. This teleconference will be Webcast live for all investors. For more information, visit the Investor Information section of Stanford Microdevices` Web site at www.stanfordmicro.com. The teleconference will be archived on this site, and a telephonic replay will be available at 719-457-0820, code #477881, for one week.

The Company

Stanford Microdevices, Inc., an ISO9002-certified manufacturer headquartered in Sunnyvale, California, with design centers throughout the U.S. and Canada, is a leading supplier of high-performance RF components for the wireless and wireline telecommunications markets. SMDI`s products include power modules, low-noise amplifiers, high-linearity gain blocks, high-performance transistors, modulators, switches, mixers, upconverters and downconverters, and high-performance multi-component modules (MCM) for transmit and receive applications. Product information may be found at Stanford Microdevices` Web site at www.stanfordmicro.com

This news release contains forward-looking statements regarding future events, including forward-looking statements regarding future revenue and earnings and the manner in which the company manages the business. The company wishes to caution the reader that such statements are, in fact, predictions, and are subject to risks and uncertainties that could cause actual events or results to differ materially. The factors that could cause actual results or events to differ materially include, but are not limited to, decreased demand for products that contain RF components, increased production and packaging costs, lower wafer yields, unexpected delays in new product launches, lower than expected gross margins due to product mix and/or increased competition, and the amount and timing of expenses. Additional factors that could cause actual results to differ materially from those in the forward-looking statements are included in the company`s filings with the Securities and Exchange Commission, specifically the company`s initial public offering prospectus filed in May 2000 and its third quarter 10-Q filed on November 15, 2000. The company undertakes no obligation to update the forward-looking statements at any time or for any reason. The time and/or manner of management`s teleconference, live and archived Webcasts, and telephonic replay may change for technical or administrative reasons outside of the company`s control.

Financial Statements Attached--

Stanford Microdevices, Inc.
Condensed Consolidated Statement of Operations
(In thousands, except per-share data)

Three months ended Twelve months ended
December 31, December 31,
(unaudited)
2000 1999 2000 1999

Net revenues $ 10,656 $ 5,707 $ 34,649 $ 18,065
Cost of
revenues 4,399 3,334 14,651 9,996
-------- -------- --------- --------
Gross profit 6,257 2,373 19,998 8,069

Operating expenses:
Research and
development 2,380 892 7,964 2,274
Sales and
marketing 1,555 1,055 5,940 2,951
General and
administrative 1,346 919 4,744 2,089
Amortization of
deferred stock
compensation 345 177 1,317 288
Special charges (282) 2,990 (282) 2,990
-------- -------- --------- --------
Total operating
expenses 5,344 6,033 19,683 10,592
-------- -------- --------- --------

Income (loss)
from operations 913 (3,660) 315 (2,523)
Interest expense 44 53 196 167
Interest and
other income, net 982 173 2,549 184
-------- -------- --------- --------

Income (loss)
before taxes 1,851 (3,540) 2,668 (2,506)
Provision for
income taxes 557 -- 800 48
-------- -------- --------- --------

Net income
(loss) $ 1,294 $ (3,540) $ 1,868 $ (2,554)

Accretion of
mandatorily
redeemable
convertible
preferred stock -- (21,857) (25,924) (21,857)

Net income
(loss) applicable
to common
stockholders $ 1,294 $(25,397) $(24,056) $(24,411)
======== ======== ========= ========

Net income
(loss) per
share applicable
to common
stockholders
Basic $ 0.05 $ (1.69) $ (1.09) $ (1.63)
======== ======== ========= ========
Diluted $ 0.04 $ (1.69) $ (1.09) $ (1.63)
======== ======== ========= ========

Shares used to
compute net
income (loss) per
share applicable to
common stockholders
Basic 26,778 15,000 22,032 15,000
======== ======== ========= ========
Diluted 31,372 15,000 22,032 15,000
======== ======== ========= ========

Pro forma net income
per share applicable
to common stockholders,
excluding amortization of
deferred stock compensation,
special charges and accretion
of mandatorily redeemable
convertible preferred stock
(unaudited) (1)
Basic $ 0.05 $ (0.02) $ 0.13 $ 0.05
======== ========= ========= ========
Diluted $ 0.04 $ (0.02) $ 0.10(2) $ 0.04(3)
======== ========= ========= =========

(1) This pro forma information is not prepared in accordance with
generally accepted accounting principles.

(2) Pro forma computation based on 29,299,990 common shares.

(3) Pro forma computation based on 16,818,000 common shares.


Stanford Microdevices, Inc.
Condensed Consolidated Balance Sheets
(In thousands)

December 31, 2000 December 31, 1999
------------------- -----------------

Assets
Current assets:
Cash and cash
equivalents $ 37,683 $ 10,965
Short-term investments 13,444 --
Accounts receivable 3,946 1,681
Inventories 7,107 2,227
Deferred tax assets
and other 3,464 348
-------- --------
Total current assets 65,644 15,221
Property and equipment,
net 8,388 4,271
Long-term investments 7,204 --
Other assets 1,070 227
-------- --------
Total assets $ 82,306 $ 19,719
======== ========

Liabilities, mandatorily
redeemable convertible
preferred stock and
stockholders` equity
Current liabilities:
Accounts payable $ 2,071 $ 2,493
Accrued expenses 2,912 972
Deferred margin on
distributor inventory 6,942 3,287
Capital lease
obligations, current
portion 747 723
-------- --------
Total current
liabilities 12,672 7,475

Total long-term
liabilities 1,010 1,299

Mandatorily redeemable
convertible preferred
stock -- 38,857

Stockholders` equity 68,624 (27,912)
-------- --------
Total liabilities and
stockholders` equity $ 82,306 $ 19,719
======== ========

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Stanford Microdevices Releases High-Dynamic-Range Low-Noise Amplifier for 2G and 3G Wireless Infrastructure
SUNNYVALE, Calif.--(BUSINESS WIRE)--Feb. 5, 2001--Stanford Microdevices (NASDAQ:SMDI - news), a leading designer and supplier of high-performance radio-frequency (RF) components for communications equipment manufacturers, today introduced the SLX-2043, a new pHEMT-based low-noise amplifier module ideally suited to 2G/3G wireless infrastructure and fixed wireless applications.

The SLX-2043 has been designed specifically to address the needs of wireless infrastructure original equipment manufacturers (OEMs) currently developing and manufacturing solutions for 2G, 3G and other advanced wireless applications. This advanced module is ideally suited for amplification of W-CDMA, CDMA, GSM-EDGE/EGSM, and TDMA/TDMA-EDGE signals in base-station receiver applications.

The SLX-2043 is a low-noise amplifier (LNA) module designed for base-station applications from 1700MHz to 2500MHz, covering 2G/3G wireless and unlicensed ISM frequencies. This new product simultaneously offers both low-noise and high-intercept performance, with a typical noise figure of 1.1dB, and a typical output intercept of 34dBm. The part offers 15dB of gain, which results in an input intercept of 19dBm. This LNA offers input and output match without external matching components, and is unconditionally stable. It operates from a single 4V supply, dissipating under 0.5 watt, and uses internal gate bias circuitry, making it extremely easy to use in a wide variety of applications.

``This product broadens Stanford Microdevices` industry-leading wide-dynamic-range amplifier product line. It will be especially attractive in receiver applications where noise figure is as important as linearity,`` stated Gary Gianatasio, SMDI`s vice president and general manager for Mobile Wireless Infrastructure Products. ``By offering this versatile and robust high-performance LNA, our customers will simultaneously be able to decrease time to market and increase performance at a lower price.``

The LNA is packaged in a surface-mount, ceramic-module package that measures 7mm X 10mm, ideal for applications where space is at a premium. Production quantities will be available in mid-2001. Samples and fully assembled evaluation boards are available now from Stanford Microdevices.

Stanford Microdevices, Inc., an ISO-9002 certified manufacturer headquartered in Sunnyvale, California with design centers throughout the U.S. and Canada, is a leading supplier of high-performance RF components for the wireless and wireline telecommunications markets. SMDI`s products include power modules, low-noise amplifiers, high-linearity gain blocks, high-performance transistors, modulators, switches, mixers, upconverters and downconverters, and high-performance multicomponent modules (MCMs) for transmit and receive applications. Product information may be found at Stanford Microdevices` website at www.stanfordmicro.com

Safe Harbor Statement

This press release contains forward-looking statements regarding future events. We wish to caution the reader that such statements are, in fact, predictions and that actual events or results may differ materially. In particular, industry-wide fluctuations in supply and demand for RF components could adversely impact our ability to increase involvement with targeted accounts and we could experience delays in producing this product in volume in the predicted timeframe. Other risks that could cause actual events to differ materially are included in our filings with the Securities and Exchange Commission, specifically the company`s 10Q filed in November 2000. This document contains and identifies important factors that could cause the actual results to differ materially from those contained in our projections or forward-looking statements

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Stanford Microdevices Increases Management Focus on Business Development To Advance Leadership in High-Performance RF Components
SUNNYVALE, Calif.--(BUSINESS WIRE)--Feb. 21, 2001--Stanford Microdevices, Inc. (Nasdaq:SMDI - news) today announced a realignment of senior management to enhance the company`s strategic focus on business development for new growth opportunities.

Gerald Quinnell, chief operating officer and vice president, Sales and Marketing, has been appointed executive vice president, Sales and Marketing and Business Development, effective immediately. Quinnell`s charter will be to identify and pursue new wireless infrastructure and broadband wireline markets and applications, expand customer relationships with telecommunications equipment manufacturers, explore new distribution channels while optimizing existing channels, establish strategic industry partnerships, and assess and respond to acquisition opportunities.

``This move underscores both the diversity of our growth prospects and the strength of our day-to-day operations,`` said Robert Van Buskirk, president and chief executive officer. ``Moreover, it leverages the breadth and depth of Jerry Quinnell`s industry and management experience. Jerry will now function as a catalyst for new directions, initiatives and relationships with the potential to enhance our growth over the long term. We plan to capitalize fully on the accelerating migration to next-generation mobile and fixed wireless and wireline infrastructure equipment.``

Quinnell joined Stanford Microdevices in 1998, after serving as president and chief operating officer of the RF and Microwave business unit of Avnet, Inc. (NYSE:AVT - news), a Fortune 300 distributor of semiconductors; interconnect, passive and electromechanical components; and computer products.

Van Buskirk will assume direct responsibility for the company`s fabless manufacturing operations and wireless infrastructure and standard products business units, both of which Quinnell had directed as chief operating officer.

The Company

Stanford Microdevices, Inc., an ISO 9002-certified manufacturer headquartered in Sunnyvale, California, with design centers throughout the U.S. and Canada, is a leading supplier of high-performance RF components for the wireless and wireline telecommunications markets. SMDI`s products include power modules, low-noise amplifiers, high-linearity gain blocks, high-performance transistors, modulators, switches, mixers, upconverters and downconverters, and high-performance multi-component modules (MCM) for transmit and receive applications. Product information may be found at Stanford Microdevices` Web site at www.stanfordmicro.com

This news release contains forward-looking statements regarding future events, including, but not limited to, the strength of the Stanford Microdevices management team; the impact of Mr. Quinnell`s appointment on Stanford Microdevices` efforts to penetrate new markets and gain market share in existing markets; and the growth and direction of the mobile and fixed wireless and wireline infrastructure markets. The company wishes to caution the reader that such statements are, in fact, predictions and are subject to risks and uncertainties that could cause actual events or results to differ materially. The factors that could cause actual results or events to differ materially include, but are not limited to, decreased demand for products that contain RF components due to overall economic or telecommunications market conditions and the speed of implementation of next-generation equipment in the mobile and fixed wireless and wireline infrastructure markets. Additional factors that could cause actual results to differ materially from those in the forward-looking statements are included in the company`s filings with the Securities and Exchange Commission, specifically the company`s initial public offering prospectus filed in May 2000 and its third-quarter Form 10-Q filed on November 15, 2000. The company undertakes no obligation to update the forward-looking statements at any time or for any reason.

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Stanford Microdevices Revises Outlook For First-Quarter and Full-Year 2001 Results
SUNNYVALE, Calif.--(BUSINESS WIRE)--March 12, 2001--Stanford Microdevices, Inc. (Nasdaq:SMDI - news) today revised its previously announced expectations of financial results for the first quarter ending March 31, 2001 and the fiscal year ending December 31, 2001.

The company anticipates first-quarter net revenues of $7.6 million to $8.0 million, compared with $7.3 million for the same quarter a year ago and with $10.7 million for the fourth quarter of 2000. As a result, pro forma net income per share on a diluted basis is expected in the break-even range, compared with $0.01 a year earlier and with $0.04 sequentially. Pro forma computations exclude the amortization of deferred stock compensation, special charges and the accretion of preferred stock. For the full year, the company anticipates net revenue growth of 20%-30% from the $34.6 million reported for 2000.

In its publicly Webcast teleconference regarding fourth-quarter results on January 22, 2001, the company`s first-quarter outlook estimated net revenues comparable with those of the fourth quarter and pro forma net income per share of approximately $0.05. The full-year outlook estimated revenue growth of 70%-80% from 2000.

The company cited as the principal reasons for its revised expectations the actions and plans of the worldwide telecommunications industry to reduce component inventory levels and planned equipment production volumes, and to delay the build-out of new wireless network infrastructure. These factors combined have affected customer activity and limited the company`s overall market visibility through 2001.

``The continued softness of the wireless infrastructure markets in response to the general economic slowdown has impacted our entire segment,`` said Robert Van Buskirk, president and chief executive officer of Stanford Microdevices. ``Given current business conditions, we are taking steps to reduce our costs and expenses in line with expected revenues. We continue to believe in the long-term growth prospects of the mobile and fixed wireless and broadband wireline equipment opportunities, and we will maintain our new product development momentum to capitalize on the eventual market recovery.``

The company plans to conduct a management teleconference with investors today at 5:00 p.m. ET / 2:00 p.m. PT. This call will be Webcast live for all investors and archived for one week at www.stanfordmicro.com. In addition, a telephone replay will be available for one week at [phone], code No. 596099.

Stanford Microdevices also cautions that its anticipated results are preliminary, based on the best information currently available, and subject to the closing of its books and customary quarterly and year-end accounting procedures. The company plans to report its final results for the first quarter on April 23, 2001 and provide a more detailed outlook for the full year at that time.

The Company

Stanford Microdevices, Inc., an ISO 9002-certified manufacturer headquartered in Sunnyvale, California, with design centers throughout the U.S. and Canada, is a leading supplier of high-performance RF components for the wireless and wireline telecommunications markets. SMDI`s products include power modules, low-noise amplifiers, high-linearity gain blocks, high-performance transistors, modulators, switches, mixers, upconverters and downconverters, and high-performance multi-component modules (MCM) for transmit and receive applications. Product information may be found at Stanford Microdevices` Web site at www.stanfordmicro.com.

This news release contains forward-looking statements regarding future events, including, but not limited to, the growth and direction of the mobile and fixed wireless and wireline infrastructure markets, the company`s anticipated financial results for the first quarter of 2001 and its anticipated revenue growth for fiscal 2001. The company wishes to caution the reader that such statements are, in fact, predictions and are subject to risks and uncertainties that could cause actual events or results to differ materially. The factors that could cause actual results or events to differ materially include, but are not limited to, continued high component inventory levels among the company`s customers, further reductions of planned production volumes by customers, further delays in the build-out of new wireless network infrastructure by customers, further decreased demand for products that contain RF components due to overall general economic or telecommunications market conditions or otherwise, delays in the implementation of next-generation equipment in the mobile and fixed wireless and wireline infrastructure markets, and the closing of the company`s books and customary quarterly and year-end accounting procedures. Additional factors that could cause actual results to differ materially from those in the forward-looking statements are included in the company`s filings with the Securities and Exchange Commission, specifically the company`s initial public offering prospectus filed in May 2000 and its third-quarter Form 10-Q filed on November 15, 2000. The company undertakes no obligation to update the forward-looking statements at any time or for any reason.


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Stanford Microdevices` New SiGe Gain Block Offers High Intercept, High Gain and Low Noise for Driver, Buffer, Oscillator Amp Sockets
SUNNYVALE, Calif.--(BUSINESS WIRE)--April 18, 2001--Stanford Microdevices (Nasdaq:SMDI - news), a leading designer and supplier of high-performance radio-frequency (RF) components for communications equipment manufacturers, today expanded its line of silicon-germanium (SiGe) gain blocks with the introduction of the SGA-7489, designed to satisfy a broad range of wireless infrastructure and CATV requirements across the DC to 3000 MHz band.
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The SGA-7489 provides the circuit designer with an easy-to-use, 50-ohm cascadable gain block featuring high output IP3 (+36 dBm at 850 MHz), high gain (22 dB at 850 MHz) and an excellent noise figure (2.9 dB) from a single positive supply voltage. The unit is also an exceptional choice as an IF amplifier, with an OIP3 of +38 dBm and P1dB of +23 dBm at 100 MHz.

``This RFIC uses the most advanced silicon-germanium heterojunction bipolar transistor (HBT) technology to achieve a high level of performance for designers engaged in countless wireless-equipment applications,`` said Greg Baker, SMDI`s vice president and general manager for Standard Products. ``The SGA-7489 is the perfect choice in designs requiring low- to medium-power amplifiers with high linearity, IF/LO buffer amplifiers and drivers for CATV amplifiers.``

Housed in a standard surface-mount SOT-89 package with backside metallization, this simple-to-use amplifier requires only DC blocking, bypass capacitors and a bias inductor for external components.

The SGA-7489 is priced at only $1.95 each in quantities of 10,000.

Stanford Microdevices, Inc., an ISO-9002 certified manufacturer headquartered in Sunnyvale, Calif. with design centers throughout the U.S. and Canada, is a leading supplier of high-performance RF components for the wireless and wireline telecommunications markets. SMDI`s products include power modules, low-noise amplifiers, high-linearity gain blocks, high-performance transistors, modulators, switches, mixers, upconverters and downconverters, and high-performance multicomponent modules (MCMs) for transmit and receive applications. Product information may be found at Stanford Microdevices` website at www.stanfordmicro.com.

Safe Harbor Statement

This press release contains forward-looking statements regarding future events. We wish to caution the reader that such statements are, in fact, predictions and that actual events or results may differ materially. In particular, industry-wide fluctuations in supply and demand for RF components could adversely impact our ability to increase involvement with targeted accounts and we could experience delays in producing this product in volume in the predicted timeframe. Other risks that could cause actual events to differ materially are included in our filings with the Securities and Exchange Commission, specifically the company`s 10K filed in March 2001. This document contains and identifies important factors that could cause the actual results to differ materially from those contained in our projections or forward-looking statements.


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Contact:

Stanford Microdevices, Inc.
Steve Witmer, 408/616-5464
[e-mail]

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Stanford Microdevices Announces First-Quarter 2001 Results
Pro Forma Net Loss of $0.01 Per Share on $7.8 Million Revenues, Consistent with Revised Expectations
SUNNYVALE, Calif.--(BUSINESS WIRE)--April 23, 2001--Stanford Microdevices, Inc. (Nasdaq:SMDI - news) today announced its financial results for the first quarter ended April 1, 2001. Actual results are consistent with the revised expectations of first-quarter results announced by the company on March 12, 2001.

Net revenues were $7.8 million, compared with $7.3 million for the first quarter of 2000 and with $10.7 million for the fourth quarter of 2000. Net loss for the first quarter of 2001 was $580,000, or a loss of $0.02 per share, compared with net income of $1.3 million, or $0.04 per share on a diluted basis, for the prior quarter.

Excluding the amortization of deferred stock compensation, pro forma net loss for the first quarter was $239,000, or a loss of $0.01 per share. This compared with net income of $512,000, or $0.02 per share on a diluted basis, for the first quarter of 2000, with the same exclusions plus the accretion of preferred stock.

``As we indicated on March 12, component sales have been impacted by the slowing economy, inventory reductions and subsequent delays in the build-out of wireless networks,`` said Robert Van Buskirk, president and chief executive officer of Stanford Microdevices. ``Consequently, telecommunications equipment manufacturers worldwide have reduced component usage and delayed production plans. Through this downturn, we are managing costs and expenses in line with revised revenue expectations, without compromising strategic investments in technology, product development and distribution channels. We remain committed to the long-term growth opportunity of the mobile and fixed wireless and broadband wireline equipment markets.``

First-quarter 2001 gross margin was 50%, compared with 60% for the same quarter a year earlier and with 59% for the prior quarter.

At April 1, 2001, total assets were $82.1 million, including cash and investments of $58.9 million.

Stanford Microdevices management plans to hold a teleconference at 1:45 p.m. PT / 4:45 p.m. ET today to discuss first-quarter financial results and business highlights, as well as the current outlook for the second quarter and full-year 2001. This teleconference will be Webcast live for all investors. For more information, visit the Investor Information section of Stanford Microdevices` Web site at www.stanfordmicro.com. The teleconference will be archived on this site, and a telephonic replay will be available at 719/457-0820, code No. 608243, for one week.

The Company

Stanford Microdevices, Inc., an ISO 9002-certified manufacturer headquartered in Sunnyvale, California, with design centers throughout the U.S. and Canada, is a leading supplier of high-performance RF components for the wireless and wireline telecommunications markets. SMDI`s products include power modules, low-noise amplifiers, high-linearity gain blocks, high-performance transistors, modulators, switches, mixers, upconverters and downconverters, and high-performance multi-component modules (MCM) for transmit and receive applications. Product information may be found at Stanford Microdevices` Web site at www.stanfordmicro.com

This news release contains forward-looking statements regarding future events or the future financial performance of the company. The company wishes to caution the reader that such statements are, in fact, predictions and are subject to risks and uncertainties that could cause actual events or results to differ materially from those predicted. Factors that could cause actual results to differ materially include, but are not limited to, delays in releasing and marketing products that are currently in development, continued high component inventory levels among the company`s customers, further reductions of planned production volumes by customers, further delays in the build-out of new wireless and wireline network infrastructure, further decreased demand for products that contain RF components due to overall general economic or telecommunications market conditions or otherwise, and further delays in the implementation of next-generation equipment in the mobile and fixed wireless and wireline infrastructure markets. Additional factors that could cause actual results to differ materially from those in the forward-looking statements are included in the company`s publicly available filings with the Securities and Exchange Commission, specifically the company`s Annual Report on Form 10-K filed in March 2001. The company undertakes no obligation to update the forward-looking statements at any time or for any reason.

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Stanford Microdevices, Inc.
Condensed Consolidated Statements of Operations
(Unaudited)
(In thousands, except per-share data)

Three months ended
April 1, 2001 April 2, 2000

Net revenues $ 7,800 $ 7,264
Cost of revenues 3,900 2,885
--------- ---------
Gross profit 3,900 4,379

Operating expenses:
Research and development 2,531 1,436
Sales and marketing 1,636 1,522
General and administrative 1,054 939
Amortization of deferred
stock compensation 341 306
--------- ---------
Total operating expenses 5,562 4,203
--------- ---------

Income (loss) from operations (1,662) 176
Interest expense 42 46
Interest and other income, net 875 164
--------- ---------

Income (loss) before taxes (829) 294
Provision for (benefit from)
income taxes (249) 88
--------- ---------

Net income (loss) $ (580) $ 206

Accretion of mandatorily
redeemable convertible
preferred stock -- (25,924)

Net loss applicable
to common stockholders $ (580) $(25,718)
========= =========
Net loss per share
applicable to common
stockholders

Basic $ (0.02) $ (1.71)
========= =========
Diluted $ (0.02) $ (1.71)
========= =========
Shares used to
compute net loss per share
applicable to
common stockholders

Basic 28,271 15,000
========= =========
Diluted 28,271 15,000
========= =========
Pro forma net income
(loss) per share
applicable to common
stockholders, excluding
amortization of deferred
stock compensation and
accretion of mandatorily
redeemable convertible
preferred stock
(unaudited)(1)

Basic $ (0.01) $ 0.03
========= =========
Diluted $ (0.01) $ 0.02(2)
========= =========

(1) This pro forma information is not prepared in accordance with
accounting principles generally accepted in the United States.

(2) This pro forma computation is based on 25,974,356 common shares.


Stanford Microdevices, Inc.
Condensed Consolidated Balance Sheets
(In thousands)

April 1, 2001 December 31, 2000
(unaudited) (audited)

Assets
Current assets:
Cash and cash equivalents $56,897 $37,683
Short-term investments 2,051 13,444
Accounts receivable 1,637 3,946
Inventories 8,290 7,107
Deferred tax assets and other 3,156 3,464
-------- --------
Total current assets 72,031 65,644

Property and equipment, net 8,952 8,388
Long-term investments -- 7,204
Other assets 1,069 1,070
-------- --------
Total assets $82,052 $82,306
======== ========

Liabilities and stockholders` equity
Current liabilities:
Accounts payable $ 2,703 $ 2,071
Accrued expenses 1,660 2,912
Deferred margin on
distributor inventory 5,694 6,942
Capital lease obligations,
current portion 750 747
-------- --------
Total current liabilities 10,807 12,672
Total long-term liabilities 792 1,010

Stockholders` equity 70,453 68,624
-------- --------
Total liabilities
and stockholders` equity $82,052 $82,306
======== ========



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Wednesday May 9, 8:15 am Eastern Time
Press Release
Stanford Microdevices and Atmel-WM Announce Joint Development Agreement for RF Products Using Silicon Germanium Technology
SUNNYVALE, Calif.--(BUSINESS WIRE)--May 9, 2001--Stanford Microdevices (Nasdaq:SMDI - news) and Atmel Corporation (Nasdaq:ATML - news), today announced a joint development agreement whereby the two companies will collaborate on the design and development of wireless communications products based upon advanced silicon germanium (SiGe) technology.

The companies plan to exchange design, packaging and test-related intellectual property (IP) to accelerate the introduction of innovative new products to their complementary high-volume consumer and wireless infrastructure markets.

``This agreement will enhance SMDI`s ability to leverage its marketing, design, and sales channel strengths with Atmel`s wafer fabrication, test and packaging capabilities to maximize both companies` success in employing SiGe technology. The strategic objective of this agreement is to improve our joint ability to deliver high performance, cost-effective RF products to customers worldwide,`` stated Bob Van Buskirk, president and CEO of Stanford Microdevices.

Dr. Frank Heinricht, chief executive officer of Atmel Wireless & Microcontrollers Division, said, ``This agreement enables two leading-edge innovators to minimize duplicative development activity while concentrating undiluted research and development resources on bringing the most sophisticated and inventive SiGe wireless communications products to our respective customer bases.``

Stanford Microdevices and Atmel plan to jointly develop advanced products to be marketed through the respective companies` global sales channels. In addition to providing for IP and product collaboration between the two companies, the agreement also facilitates the private-label distribution of selected RF components.

Stanford Microdevices, Inc.

An ISO-9002 certified manufacturer headquartered in Sunnyvale, Calif., with design centers throughout the U.S. and Canada, Stanford Microdevices is a leading supplier of high-performance RF components for the wireless and wireline telecommunications markets. SMDI`s products include power modules, low-noise amplifiers, high-linearity gain blocks, high-performance transistors, modulators, switches, mixers, upconverters and downconverters, and high-performance multicomponent modules (MCMs) for transmit and receive applications. Product information may be found on Stanford Microdevices` website at www.stanfordmicro.com.

Atmel Corporation

Founded in 1984, Atmel Corporation is headquartered in San Jose, Calif., with manufacturing facilities in North America and Europe. Atmel designs, manufactures and markets worldwide, advanced logic, mixed-signal, nonvolatile memory and RF semiconductors. Atmel is also a leading provider of system-level integration semiconductor solutions using CMOS, BiCMOS, bipolar SiGe, and high-voltage BCDMOS process technologies. Atmel product and financial information may be retrieved from its Fax-on-Demand service. In North America call 800/292-8635. Internationally from a fax phone, call 408/441-0732. Requests may be made via e-mail to [e-mail] or by visiting Atmel`s web site at www.atmel.com.

Safe Harbor Statement

This press release contains forward-looking statements regarding future events. We wish to caution the reader that such statements are, in fact, predictions and that actual events or results may differ materially. In particular, the agreement between Stanford Microdevices and Atmel may not be successful in developing, manufacturing or selling any silicon germanium parts, or the parts developed may not be profitable for either company. Other risks that could cause actual events to differ materially are included in respective companies` filings with the Securities and Exchange Commission. This document contains and identifies important factors that could cause the actual results to differ materially from those contained in our projections or forward-looking statements.


--------------------------------------------------------------------------------
Contact:

Stanford Microdevices, Inc., Sunnyvale
Steve Witmer, 408/616-5464
[e-mail]
or
Atmel Wireless & Microcontrollers, San Jose
Veronique Sablereau, [phone]
[e-mail]

[panik]

Stanford Microdevices CEO to Address CIBC World Markets Communications Conference
SUNNYVALE, Calif.--(BUSINESS WIRE)--June 5, 2001--Stanford Microdevices (Nasdaq:SMDI - news), a leading designer and supplier of high-performance radio-frequency (RF) components for communications equipment manufacturers, announced today that Bob Van Buskirk, president and CEO, is scheduled to present an overview of the company`s business at the CIBC World Markets annual Communications Conference on Monday, June 11 at 10:50 a.m. EDT, at the Plaza Hotel in New York.

Mr. Van Buskirk`s presentation will also be available to investors on the SMDI website (www.stanfordmicro.com) and on the CIBC Conference website (www.cibcwm.com/eq/conference/telecom).

About Stanford Microdevices

Stanford Microdevices, Inc., an ISO-9002 certified manufacturer headquartered in Sunnyvale, California, with design centers throughout the U.S. and Canada, is a leading supplier of high-performance RF components for the wireless and wireline telecommunications markets. SMDI`s products include power modules, low-noise amplifiers, high-linearity gain blocks, high-performance transistors, modulators, switches, mixers, upconverters and downconverters, and high-performance multicomponent modules (MCMs) for transmit and receive applications. Product information may be found at Stanford Microdevices` website at www.stanfordmicro.com


--------------------------------------------------------------------------------
Contact:

Stanford Microdevices, Inc.
Steve Witmer, 408/616-5464
408/739-0970 (fax)
[e-mail]

[panik]

Stanford Microdevices` New SiGe HBT Amplifier Offers Low Noise, High Gain and Excellent Linearity From DC to 6 GHz
SUNNYVALE, Calif.--(BUSINESS WIRE)--June 7, 2001--Stanford Microdevices (Nasdaq:SMDI - news), a leading designer and supplier of high-performance radio-frequency (RF) components for communications equipment manufacturers, announced the introduction of the SGA-8343, a broadly versatile silicon germanium (SiGe) low-noise amplifier offering the circuit designer high gain and superb linearity across the entire DC to 6 GHz band.

The SGA-8343 provides low-noise performance (0.9 dB @ 0.9 GHz and 1.1 dB @ 1.9 GHz) with high gain (24 dB @ 0.9 GHz and 19 dB @ 1.9 GHz). The unit is easily matched and features a third-order output intercept point of +28.5 dBm.

``This high-performance transistor is fabricated using advanced silicon-germanium heterojunction bipolar transistor (HBT) technology to achieve a useful bandwidth of more than 6 GHz. Designers requiring low-noise broadband performance for hundreds of mobile and fixed wireless infrastructure, wireless data, driver and oscillator applications will find this part a perfect fit,`` said Greg Baker, SMDI`s vice president and general manager for Standard Products.

The SGA-8343 is housed in an industry-standard SOT-343 surface-mount plastic package.

The unit is priced at only $0.26 each in quantities of 10,000.

Stanford Microdevices, Inc., an ISO-9002 certified manufacturer headquartered in Sunnyvale, Calif., with design centers throughout the U.S. and Canada, is a leading supplier of high-performance RF components for the wireless and wireline telecommunications markets. SMDI`s products include power modules, low-noise amplifiers, high-linearity gain blocks, high-performance transistors, modulators, switches, mixers, upconverters and downconverters, and high-performance multicomponent modules (MCMs) for transmit and receive applications. Product information may be found at Stanford Microdevices` Web site at www.stanfordmicro.com.

Safe Harbor Statement

This press release contains forward-looking statements regarding future events. We wish to caution the reader that such statements are, in fact, predictions and that actual events or results may differ materially. In particular, industry-wide fluctuations in supply and demand for RF components could adversely impact our ability to increase involvement with targeted accounts and we could experience delays in producing this product in volume in the predicted timeframe. Other risks that could cause actual events to differ materially are included in our filings with the Securities and Exchange Commission, specifically the company`s 10K filed in March 2001. This document contains and identifies important factors that could cause the actual results to differ materially from those contained in our projections or forward-looking statements.

Stanford Microdevices is neither affiliated with nor sponsored or endorsed by Stanford University.


--------------------------------------------------------------------------------
Contact:

Stanford Microdevices, Inc.
Steve Witmer, 408/616-5464
Fax: [phone]
[e-mail]

[panik]

Stanford Microdevices Announces Foundry Agreement With RF Micro Devices
SUNNYVALE, Calif.--(BUSINESS WIRE)--June 8, 2001--Stanford Microdevices (Nasdaq:SMDI - news) today announced a foundry agreement with RF Micro Devices (Nasdaq:RFMD - news) whereby SMDI`s radio-frequency integrated circuits (RFICs) will be manufactured in RF Micro Devices` 4-inch gallium-arsenide (GaAs) heterojunction bipolar transistor (HBT) fabrication facility, located in Greensboro, N.C.

As a premier supplier and manufacturer of RFICs, RF Micro Devices has pioneered the development of a number of advanced process technologies, including GaAs HBT process, which is the foundation of Stanford Microdevices` high-linearity, high-power SPA, SXA and SXT power amplifier products.

``We are very enthusiastic about this relationship,`` said Bob Van Buskirk, president and CEO of Stanford Microdevices. ``It enables us to take advantage of RFMD`s proven high-volume, low-cost HBT wafer-manufacturing capabilities while maintaining Stanford Microdevices` proprietary design expertise in high-performance RF components for wireless infrastructure equipment applications.``

``RFMD is pleased to have Stanford Microdevices share the capacity of the world`s largest GaAs HBT production plant,`` according to Jerry Neal, executive vice president of strategic development. ``We believe our advanced, ISO 9001-certified process technology will prove to be a catalyst for ever-greater product capabilities from SMDI.``

The agreement is specifically limited to the manufacture of proprietary SMDI wafers, and does not entail the exchange of intellectual property or any co-branding of products between the two companies.

Stanford Microdevices, Inc.

An ISO-9002 certified manufacturer headquartered in Sunnyvale, with design centers throughout the U.S. and Canada, Stanford Microdevices is a leading supplier of high-performance RF components for the wireless and wireline telecommunications markets. SMDI`s products include power modules, low-noise amplifiers, high-linearity gain blocks, high-performance transistors, modulators, switches, mixers, upconverters and downconverters, and high-performance multicomponent modules (MCMs) for transmit and receive applications. Product information may be found at Stanford Microdevices` website at www.stanfordmicro.com.

RF Micro Devices

RF Micro Devices, Inc., an ISO 9001-certified manufacturer, designs, develops, manufactures and markets proprietary radio frequency integrated circuits (RFICs) for wireless communications applications such as cellular and PCS phones, wireless LANs and cable television modems. The Company offers a broad array of products -- including amplifiers, mixers, modulators/demodulators, and single-chip receivers, transmitters and transceivers -- representing a substantial majority of the RFICs required in wireless subscriber equipment. The Company`s strategy is to focus on wireless markets by offering a broad range of standard and custom-designed RFICs in order to position itself as a ``one-stop`` solution for its customers` RFIC needs. In the Sept. 4, 2000 issue of Fortune Magazine, RF Micro Devices was ranked second among Fortune`s ``100 Fastest Growing Companies.`` RF Micro Devices, Inc. is traded on the Nasdaq National Market under the symbol RFMD.

Safe Harbor Statement

This press release contains forward-looking statements regarding future events. We wish to caution the reader that such statements are, in fact, predictions and that actual events or results may differ materially. In particular, results obtained by Stanford Microdevices under the agreement with RFMD may not be successful. Other risks that could cause actual events to differ materially are included in Stanford Microdevices` filings with the Securities and Exchange Commission. These documents contain and identify important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements.

Stanford Microdevices is neither affiliated with nor sponsored or endorsed by Stanford University.


--------------------------------------------------------------------------------
Contact:

Stanford Microdevices, Inc., Sunnyvale
Steve Witmer, 408/616-5464
[e-mail]
or
RF Micro Devices
Tom Joseph, 336/931-7937
[e-mail]

[panik]

Stanford Microdevices Expands SiGe HBT Direct Quadrature Modulator Product Line for 2.5G, 3G, WLAN and Fixed Wireless Infrastructure Applications
SUNNYVALE, Calif.--(BUSINESS WIRE)--July 9, 2001--Stanford Microdevices (NASDAQ:SMDI - news), a leading designer and supplier of high-performance radio-frequency (RF) components for communications equipment manufacturers, today introduced a new family of silicon germanium (SiGe) direct quadrature modulators ideally suited to 2.5G, 3G, WLAN and fixed wireless infrastructure applications between 400 MHz and 4 GHz.

The STQ-1016 and STQ-3016 extend Stanford Microdevices` offering of silicon germanium (SiGe) direct quadrature modulators and complement the already-released 800 to 2500 MHz STQ-2016. The STQ-1016 targets frequencies in the range of 400 to 1200 MHz, while the STQ-3016 covers 2500 to 4000 MHz. Both ICs are packaged in industry standard 16-pin, exposed-pad TSSOP plastic packages, ideal for applications where space is at a premium.

The STQ-1016 provides carrier feedthrough typically better than -40dBm, with low amplitude and phase error of the modulation inputs (typically less than 0.2 dB and less than 2 degrees, respectively). The STQ-3016 exhibits carrier feedthrough better than -35dBm with excellent amplitude and phase error performance for fixed wireless applications (less than 0.2dB and 2.5 degrees, respectively). Both parts exhibit exceptionally low noise floor performance - typically better than -150dBm/Hz and -147dBm/Hz for the STQ-1016 and STQ-3016, respectively. Both devices are specified for use with a single +5V power supply.

``With the addition of the STQ-1016 and STQ-3016, we are providing technical leadership and responding to the growing demand in radio architectures for direct modulation components,`` stated Gary Gianatasio, SMDI`s vice president and general manager for Wireless Infrastructure Products. ``The STQ-3016 is the world`s first SiGe direct quadrature modulator designed to address emerging 2.5 and 3.5 GHz fixed wireless infrastructure and customer premises equipment (CPE). We believe both products will offer equipment manufacturers an unprecedented level of performance in terms of linearity, noise and carrier suppression.``

Samples and fully assembled evaluation boards are available now from Stanford Microdevices. Production quantities will be available in September 2001.

An ISO-9002 certified manufacturer headquartered in Sunnyvale, Calif., with design centers throughout the U.S. and Canada, Stanford Microdevices is a leading supplier of high-performance RF components for the wireless and wireline telecommunications markets. SMDI`s products include power modules, low-noise amplifiers, high-linearity gain blocks, high-performance transistors, modulators, switches, mixers, upconverters and downconverters, and high-performance multicomponent modules (MCMs) for transmit and receive applications. Product information may be found at Stanford Microdevices` website at www.stanfordmicro.com

Safe Harbor Statement

This press release contains forward-looking statements regarding future events. We wish to caution the reader that such statements are, in fact, predictions and that actual events or results may differ materially. In particular, industry-wide fluctuations in supply and demand for RF components could adversely impact our ability to increase involvement with targeted accounts. Other risks that could cause actual events to differ materially are included in our filings with the Securities and Exchange Commission. These documents contain and identify important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements.

Stanford Microdevices is neither affiliated with nor sponsored or endorsed by Stanford University


--------------------------------------------------------------------------------
Contact:

Stanford Microdevices, Inc.
Steve Witmer, 408/616-5464
Fax [phone]
[e-mail]
www.stanfordmicro.com

[panik]

Stanford Micro sees full year loss of 6-11 cts
SUNNYVALE, Calif, July 23 (Reuters) - Stanford Microdevices Inc (NasdaqNM:SMDI - news), a maker of telecommunication devices, on Monday reported a second quarter loss of four cents per share, matching expectations, and projected a full-year loss that would be wider than Wall Street expected, at six to 11 cents a share.

Analysts polled by Thomson Financial/First Call had forecast a mean estimate of four cents loss for the entire year.

Second-quarter net revenues totalled $5.4 million, compared with $7.9 million for the second quarter of 2000 and with $7.8 million for the first quarter of 2001.

Excluding amortization of deferred stock compensation, pro forma net loss for the second quarter was $1.1 million, or a basic loss per share of four cents, compared with net income of $439,000, or two cents a share on a diluted basis a year ago.

The company said a weak economy, inventory reductions and wireless network build-out deferments are still hurting component requirements and production plans for telecommunications equipment manufacturers worldwide.

[panik]

Stanford Microdevices Expands SiGe HBT Active Receive Mixer Line for 2.5G, 3G, WLAN and Fixed-Wireless Infrastructure Applications
SUNNYVALE, Calif.--(BUSINESS WIRE)--July 31, 2001--Stanford Microdevices (NASDAQ:SMDI - news), a leading designer and supplier of high-performance radio-frequency (RF) components for communications equipment manufacturers, today introduced a new family of silicon germanium (SiGe) active receive mixers ideally suited to 2G, 2.5G, 3G, WLAN, and fixed-wireless infrastructure applications.

The SRM-1016 and SRM-3016 extend Stanford Microdevices` offering of silicon germanium (SiGe) active receive mixers and complement the already-released 1700 to 2300 MHz SRM-2016. The new SRM-1016 targets frequencies in the range of 800 to 1000 MHz, while the SRM-3016 covers 2300 to 2700 MHz. Both ICs are packaged in industry-standard 16-pin, exposed-pad TSSOP plastic packages, ideal for applications where space is at a premium.

The SRM-1016 provides 10 dB of conversion gain while exhibiting an IIP3 = +19 dBm and an SSB NF = 15 dB. The SRM-3016 also provides 10 dB of conversion gain while exhibiting an IIP3 = +15.5 dBm and a SSB NF=15 dB. Both parts boast excellent return loss on all three ports (20dB typical), and also exhibit very low LO leakage. The parts are designed to operate with a low LO drive level (0 dBm) and are specified for use with a single +5V power supply.

``With the addition of the SRM-1016 and the SRM-3016, we are continuing to provide our customers with RFICs with increasing levels of integration and functionality,`` stated Gary Gianatasio, SMDI`s vice president and general manager for Wireless Infrastructure Products. ``The SRM-3016 is the first SiGe active receive mixer to exhibit this kind of linearity and conversion gain in the 2300 to 2700 MHz frequency range and is targeted to address WLAN and fixed-wireless equipment applications. We believe this family of new products will provide equipment manufacturers high levels of performance and integrated functionality.``

Samples and fully assembled evaluation boards are available now from Stanford Microdevices. Production quantities will be available in October 2001.

An ISO-9002 certified manufacturer headquartered in Sunnyvale, Calif., with design centers throughout the U.S. and Canada, Stanford Microdevices is a leading supplier of high-performance RF components for the wireless and wireline telecommunications markets. SMDI`s products include power modules, low-noise amplifiers, high-linearity gain blocks, high-performance transistors, modulators, switches, mixers, upconverters and downconverters, and high-performance multicomponent modules (MCMs) for transmit and receive applications. Product information may be found at Stanford Microdevices` website at www.stanfordmicro.com

Safe Harbor Statement

This press release contains forward-looking statements regarding future events. We wish to caution the reader that such statements are, in fact, predictions and that actual events or results may differ materially. In particular, industry-wide fluctuations in supply and demand for RF components could adversely impact our ability to increase involvement with targeted accounts. Other risks that could cause actual events to differ materially are included in our filings with the Securities and Exchange Commission. These documents contain and identify important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements.

Stanford Microdevices is neither affiliated with nor sponsored or endorsed by Stanford University.


--------------------------------------------------------------------------------
Contact:

Stanford Microdevices, Inc.
Steve Witmer, 408/616-5464
Fax [phone]
[e-mail]

[panik]

Stanford Microdevices Expands SiGe HBT IF Receiver/Demodulator Line for 2.5G, 3G, WLAN and Fixed-Wireless Infrastructure Applications
SUNNYVALE, Calif.--(BUSINESS WIRE)--Aug. 13, 2001--Stanford Microdevices (Nasdaq:SMDI - news), a leading designer and supplier of high-performance radio-frequency (RF) components for communications equipment manufacturers, today introduced a new silicon germanium (SiGe) IF receiver/demodulator ideally suited to 2G, 2.5G, 3G, WLAN and fixed wireless infrastructure applications.

The SRF-2016 extends Stanford Microdevices` offering of SiGe IF receiver/demodulators and complements the already-released 65 to 300 MHz SRF-1016. The new SRF-2016 targets frequencies in the 200 to 600 MHz range. It is packaged in an industry-standard 16-pin exposed-pad TSSOP plastic package, ideal for applications where space is at a premium.

Key features of both the SRF-1016 and the SRF-2016 are their exceptional amplitude and phase balance at the baseband outputs. Amplitude balance is typically better than 0.1 dB, while phase balance is typically better than 1 degree. The gain of both parts can be conveniently controlled with CMOS logic levels, and both are specified for use with a single +5V power supply.

The SRF-2016 provides typical conversion gains of approximately -5.5 dB, +14 dB and +33 dB, with an output 1 dB compression point of +7 dBm at all gain settings. The noise figure at high gain is less than 6 dB and all ports are internally matched to 50 ohms. The SRF-1016 provides typical conversion gains of approximately -5.5 dB, +13 dB and +32 dB, with an output 1 dB compression point of +5.5 dBm at all gain settings.

``The SRF-2016 IF receiver/demodulator is a significant addition to our highly integrated RFIC line. It enhances our ability to support our wireless OEM customers as they develop new systems and incorporate more cost-effective designs into existing equipment,`` stated Gary Gianatasio, vice president and general manager for wireless infrastructure products.

Samples and fully assembled evaluation boards are available now from Stanford Microdevices. Production quantities will be available in October 2001.

An ISO-9002 certified manufacturer headquartered in Sunnyvale, Calif., with design centers throughout the U.S. and Canada, Stanford Microdevices is a leading supplier of high-performance RF components for the wireless and wireline telecommunications markets. SMDI`s products include power modules, low-noise amplifiers, high-linearity gain blocks, high-performance transistors, modulators, switches, mixers, upconverters and downconverters, and high-performance multicomponent modules (MCMs) for transmit and receive applications. Product information may be found at Stanford Microdevices` Web site at www.stanfordmicro.com.

Safe Harbor Statement

This press release contains forward-looking statements regarding future events. We wish to caution the reader that such statements are, in fact, predictions and that actual events or results may differ materially. In particular, there is no assurance that we will be able to sell any of these parts or make a profit doing so. Other risks that could cause actual events to differ materially are included in our filings with the Securities and Exchange Commission. These documents contain and identify important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements.

Stanford Microdevices is neither affiliated with nor sponsored or endorsed by Stanford University.


--------------------------------------------------------------------------------
Contact:

Stanford Microdevices, Inc.
Steve Witmer, 408/616-5464
Fax [phone]
[e-mail]

[panik]

Stanford Microdevices Achieves ISO 9001 Certification
SUNNYVALE, Calif.--(BUSINESS WIRE)--Sept. 6, 2001--Stanford Microdevices (Nasdaq:SMDI - news), a leading designer and supplier of high-performance radio-frequency (RF) components for communications equipment manufacturers, today announced that it has been registered to ISO 9001-1994 by the Quality Management Institute (QMI), of Canada.

``Our successful completion of the ISO 9001 certification process assures our customers of the uncompromising nature of our overall quality system,`` said Bob Van Buskirk, SMDI`s president and CEO. ``Achieving this internationally recognized standard will further solidify Stanford Microdevices` standing as a premier supplier to wireless and wireline equipment OEMs worldwide.``

``This registration represents a significant step beyond our earlier ISO 9002 certification,`` according to Guy Krevet, vice president of operations. ``It is a real tribute to the quality consciousness of SMDI`s design professionals.``

ISO 9000 is the global standard that represents good management practices. ISO 9001 establishes the guidelines for an organization whose business processes range from design and development, to production, distribution and service.

Stanford Microdevices, now registered to ISO 9001-1994, is a leading supplier of high-performance RF components for the wireless and wireline telecommunications markets. SMDI`s products include power modules, low-noise amplifiers, high-linearity gain blocks, high-performance transistors, modulators, switches, mixers, upconverters and downconverters, and high-performance multicomponent modules (MCMs) for transmit and receive applications. Product information may be found at Stanford Microdevices` website at www.stanfordmicro.com

Safe Harbor Statement

This press release contains forward-looking statements regarding future events. We wish to caution the reader that such statements are, in fact, predictions and that actual events or results may differ materially. Risks that could cause actual events to differ materially are included in our filings with the Securities and Exchange Commission. These documents contain and identify important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements.

Stanford Microdevices is neither affiliated with nor sponsored or endorsed by Stanford University.


--------------------------------------------------------------------------------
Contact:

Stanford Microdevices, Inc.
Steve Witmer, 408/616-5400
[e-mail]

[panik]

Stanford Microdevices` New pHEMT Product Offers Low Noise, Low Power Operation for DC-10 GHz Wireless Infrastructure Requirements
SUNNYVALE, Calif.--(BUSINESS WIRE)--Sept. 17, 2001--Stanford Microdevices (Nasdaq:SMDI - news), a leading designer and supplier of high-performance radio-frequency (RF) components for communications equipment manufacturers, announced the introduction of the SPF-3043, a DC-to-10 GHz low-noise gallium arsenide (GaAs) pHEMT component ideally suited to a very wide range of low-noise amplifier applications in wireless-infrastructure equipment.

The SPF-3043 provides ultra-low-noise performance (0.25 dB @ 1 GHz and 0.5 dB @ 2 GHz) with associated high gain (25 dB @ 1 GHz and 22 dB @ 2 GHz). The device is ideally biased at 3V, 20 mA for lowest noise performance. At 5V, 40 mA, it delivers excellent OIP3 of 32 dBm.

``This high-performance component is fabricated using advanced GaAs pHEMT technology to provide exceptional performance across the entire DC-to-10 GHz frequency range,`` said Greg Baker, SMDI`s vice president and general manager for Standard Products. ``Designers requiring low noise and high gain in driver stage applications will appreciate the outstanding broadband RF performance of the SPF-3043.``

The SPF-3043 is housed in an industry-standard SOT-343 surface-mount plastic package.

The product is priced at only $0.99 each in quantities of 10,000, and is available from SMDI distributors.

Stanford Microdevices, Inc., an ISO-9001 certified manufacturer headquartered in Sunnyvale, California with design centers throughout the U.S. and Canada, is a leading supplier of high-performance RF components for the wireless and wireline telecommunications markets. SMDI`s products include power modules, low-noise amplifiers, high-linearity gain blocks, high-performance transistors, modulators, switches, mixers, upconverters and downconverters, and high-performance multicomponent modules (MCMs) for transmit and receive applications. Product information may be found at Stanford Microdevices` Web site at www.stanfordmicro.com.

Safe Harbor Statement

This press release contains forward-looking statements regarding future events. We wish to caution the reader that such statements are, in fact, predictions and that actual events or results may differ materially. In particular, there is no assurance that we will be able to sell any of these products or make a profit doing so. Other risks that could cause actual events to differ materially are included in our filings with the Securities and Exchange Commission. These documents contain and identify important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements.

Stanford Microdevices is neither affiliated with nor sponsored or endorsed by Stanford University.


--------------------------------------------------------------------------------
Contact:

Stanford Microdevices, Inc.
Steve Witmer, 408/616-5400 or 408/739-0970 (Fax)
[e-mail]

[panik]

Sirenza Microdevices Revises Expectations For Third-Quarter and Fiscal Year 2001 Results, Announces Reduction in Force
SUNNYVALE, Calif.--(BUSINESS WIRE)--Oct. 9, 2001--Sirenza Microdevices, Inc.(1) (Nasdaq:SMDI - news) today revised its previously announced expectations of financial results for the third quarter ended September 30, 2001 and the fiscal year ending December 31, 2001. The company also announced a reduction of 25 employees, or 20% of its total work force, and a consolidation of facilities.

Sirenza anticipates third-quarter net revenues of approximately $3.1 million to $3.2 million, compared with $8.9 million for the third quarter of 2000 and with $5.4 million for the second quarter of 2001. The company expects to take a charge of approximately $6.1 million to $6.9 million for the write-off of excess inventory and capital equipment in the third quarter. Sirenza also expects to incur expenses of approximately $3.0 million to $3.3 million for the write-off of net deferred tax assets in the third quarter. Excluding the charge for inventory and capital equipment, the write-off of deferred tax assets and the amortization of deferred stock compensation, pro forma net loss is expected to be approximately $0.09 to $0.11 per basic share for the third quarter, compared with pro forma net income of $0.02 per diluted share a year ago and with a pro forma net loss of $0.04 per basic share sequentially.

In its publicly webcast teleconference regarding second-quarter results on July 23, 2001, Sirenza`s third-quarter outlook estimated net revenues ranging from approximately $4.8 million to $5.9 million. The company also anticipated a pro forma net loss of approximately $0.02 per basic share for the third quarter.

For fiscal year 2001, Sirenza anticipates net revenues ranging from approximately $19 million to $20 million, compared with the $34.6 million reported for 2000. The company expects to take a restructuring charge of approximately $1.7 million to $2.7 million for the reduction in force and consolidation of facilities in the fourth quarter of 2001. Excluding the charges for the third and fourth quarters and the amortization of deferred stock compensation, the company anticipates a pro forma net loss of approximately $0.24 to $0.28 per basic share for full-year 2001, compared with pro forma net income of $0.10 per diluted share for the year earlier.

Sirenza`s July 23 news release on second-quarter 2001 results stated an outlook of fiscal year 2001 net revenues in the range of $24.2 million to $27.7 million. The disclosure also estimated a pro forma net loss of $0.06 to $0.11 per basic share for 2001.

``The weakening of the global economy and the uncertainty of the telecommunications market have been compounded by the tragic events of September 11 and their aftermath,`` said Robert Van Buskirk, president and chief executive officer of Sirenza Microdevices. ``Continued inventory reductions and the postponement or cancellation of wireless and wireline network build-outs have dramatically altered production plans and associated component demand for equipment manufacturers worldwide. As a result, our market visibility is limited, and we are aggressively implementing cost and expense reductions to secure and re-size our business for the near term.``

Van Buskirk continued, ``We anticipate that the actions announced today will help scale the company for break-even operations on a pro forma basis at a quarterly revenue run rate of approximately $6.0 million to $6.5 million, assuming that we meet our expectations for product pricing and gross profit. While improving our profitability model, we are maintaining Sirenza`s core strengths in technology, products and channels -- as well as a strong balance sheet -- in order to capitalize on the recovery of the economy and the industry in the longer term.``

The company plans to conduct a management teleconference with investors today at 5:00 p.m. ET / 2:00 p.m. PT. This call will be webcast live for all investors and archived for one week at www.sirenza.com. In addition, a telephone replay will be available for one week at [phone], code #5576811.

Sirenza plans to report its final results for the third quarter on October 22, 2001 and provide a more detailed outlook for fiscal years 2001 and 2002 at that time.

The Company

Sirenza Microdevices, Inc., an ISO 9001-certified manufacturer headquartered in Sunnyvale, California, with design centers throughout the U.S. and Canada, is a leading supplier of high-performance RF components for the wireless and wireline telecommunications markets. Sirenza`s component products include power amplifiers, low-noise amplifiers, high-linearity gain blocks, high-performance transistors, modulators, switches, mixers, upconverters and downconverters, and high-performance multicomponent modules (MCMs) for transmit and receive applications. Product information may be found at Sirenza`s website at www.sirenza.com.

This news release contains forward-looking statements regarding future events, including, but not limited to, statements regarding the company`s anticipated financial results for the third quarter of 2001 and full fiscal year 2001, the amount of the anticipated restructuring and other charges to be recognized in the third and fourth quarters of fiscal 2001, and the amount of quarterly net revenues required to achieve $0.00 per share on a pro forma basis. The company wishes to caution readers that such statements are, in fact, predictions and are subject to risks and uncertainties that could cause actual events or results to differ materially. The factors that could cause actual third-quarter and fiscal year results or events to differ materially include, but are not limited to, the closing of the company`s books and customary quarterly and year-end accounting procedures, finalization of charges related to inventory and fixed asset adjustments in the third quarter and finalization of severance and facilities restructuring costs in the fourth quarter. In addition, the company`s results for the remainder of 2001 and its estimate of the amount of quarterly net revenues required to achieve $0.00 per share on a pro forma basis could also be affected by continued high component inventory levels among the company`s customers, further reductions of planned production volumes by customers, further delays in the build-out of new wireless network infrastructure by customers, further decreased demand for products that contain RF components due to overall general economic or telecommunications market conditions or otherwise, delays in the implementation of next-generation equipment in the mobile and fixed wireless and wireline infrastructure markets, downward pressure on the pricing of the company`s components, and/or the underutilization of the company`s manufacturing facilities, as a result of the factors described above. Additional factors that could cause actual results to differ materially from those in the forward-looking statements are included in the company`s filings with the Securities and Exchange Commission, specifically the company`s Form 10-K filed on March 29, 2001 and its Form 10-Q filed on August 15, 2001. The company undertakes no obligation to update its forward-looking statements at any time or for any reason.

(1) On September 19, 2001, the company announced the change of its corporate name from Stanford Microdevices, Inc. Stanford Microdevices was neither affiliated with nor sponsored or endorsed by Stanford University.
--------------------------------------------------------------------------------
Contact:

Sirenza Microdevices, Inc.
Robert Van Buskirk, 408/616-5497
[e-mail]

[panik]

Sirenza Microdevices Announces Third-Quarter 2001 Results Consistent with Revised Expectations
SUNNYVALE, Calif.--(BUSINESS WIRE)--Oct. 22, 2001--Sirenza Microdevices, Inc.(1) (Nasdaq:SMDI - news) today announced its financial results for the third quarter ended September 30, 2001. Final results are consistent with the revised expectations announced by the company on October 9, 2001.

Third-quarter net revenues were $3.2 million, compared with $8.9 million for the third quarter of 2000 and with $5.4 million for the second quarter of 2001. Sirenza took a charge of $6.0 million for the write-off of excess inventory and capital equipment and incurred expenses of $3.2 million for the write-off of net deferred tax assets in the third quarter of 2001. Including the charge and expenses, third-quarter net loss as reported was $12.4 million, or a loss of $0.42 per basic share.

Excluding the amortization of deferred stock compensation, pro forma net loss for the third quarter was $12.0 million, or a loss of $0.41 per basic share. This compares with pro forma net income of $595,000, or $0.02 per diluted share, year over year and pro forma net loss of $1.1 million, or a loss of $0.04 per basic share, sequentially.

Excluding the charge and expenses and the amortization of deferred stock compensation, Sirenza`s net loss for the third quarter of 2001 was $2.8 million, or a loss of $0.10 per basic share.

In its October 9 news release, Sirenza also announced a 20% reduction in force and an expected restructuring charge of approximately $1.7 million to $2.7 million for the fourth quarter of 2001.

``As stated previously, we believe that the restructuring will enable us to re-scale the business for pro forma break-even at quarterly net revenues of approximately $6.0 million to $6.5 million, based on current pricing and gross profit expectations,`` said Robert Van Buskirk, president and chief executive officer of Sirenza Microdevices. ``Improving our profitability model, returning to positive cash flow and maintaining a strong balance sheet are top priorities in this uncertain economic environment, where near-term market visibility is limited. We are preparing Sirenza to emerge from the current downturn as an even stronger company and a well-positioned competitor in the wireless and wireline segments of the global telecommunications market.``

Excluding the charge for the write-off of excess inventory and capital equipment, Sirenza`s third-quarter 2001 gross margin was 14%, compared with 55% for the same quarter a year earlier and with 31% for the prior quarter. The company attributed the continued gross margin decline to significantly reduced production volumes based on lower than expected market demand for RF components.

At September 30, 2001, Sirenza`s total assets were $67.8 million, including cash, cash equivalents and short-term investments of $55.0 million.

Sirenza`s net revenues for the nine months ended September 30, 2001 were $16.3 million, compared with $24.0 million for the same period of 2000. Including the third-quarter charge and expenses, nine-month 2001 net loss as reported was $14.5 million, or a loss of $0.50 per basic share.

Excluding the amortization of deferred stock compensation, pro forma net loss for the nine months of 2001 was $13.3 million, or a loss of $0.46 per basic share. This compares year over year with pro forma net income of $1.5 million, or $0.05 per diluted share, excluding the amortization of deferred stock compensation and a non-recurring charge related to the accretion of preferred stock.

Excluding the third-quarter charge and expenses and the amortization of deferred stock compensation, Sirenza`s net loss for the nine months of 2001 was $4.2 million, or a loss of $0.15 per basic share.

Sirenza Microdevices management plans to hold a teleconference at 1:45 p.m. PT / 4:45 p.m. ET today to discuss final third-quarter financial results, as well as the current outlook for the fourth quarter of 2001 and the full fiscal years 2001 and 2002. This teleconference will be webcast live for all investors. For more information, visit the Investor Information section of Sirenza Microdevices` website at www.sirenza.com. The teleconference will be archived on this site, and a telephonic replay will be available at 703/326-3020, code #5566345, for one week after the live call.

The Company

Sirenza Microdevices, Inc., an ISO 9001-certified manufacturer headquartered in Sunnyvale, California, with design centers throughout the U.S. and Canada, is a leading supplier of high-performance RF components for the wireless and wireline telecommunications markets. Sirenza`s component products include power amplifiers, low-noise amplifiers, high-linearity gain blocks, high-performance transistors, modulators, switches, mixers, upconverters and downconverters, and high-performance multicomponent modules (MCMs) for transmit and receive applications. Product information may be found at Sirenza`s website at www.sirenza.com.

This news release contains forward-looking statements regarding future events, including, but not limited to, statements regarding the amount of the anticipated restructuring charge to be recognized in the fourth quarter of 2001 and the amount of quarterly net revenues required to achieve $0.00 per share on a pro forma basis. The company wishes to caution readers that such statements are, in fact, predictions and are subject to risks and uncertainties that could cause actual events or results to differ materially. The factors that could cause actual results or events to differ materially include, but are not limited to, the finalization of severance and facilities restructuring costs in the fourth quarter of 2001, continued high component inventory levels among the company`s customers, further reductions of planned production volumes by customers, further delays in the build-out of new wireless network infrastructure by customers, further decreased demand for products that contain RF components due to overall general economic or telecommunications market conditions or otherwise, delays in the implementation of next-generation equipment in the mobile and fixed wireless and wireline infrastructure markets, downward pressure on the pricing of the company`s components, and/or the underutilization of the company`s manufacturing facilities, whether as a result of the factors described above or otherwise. Additional factors that could cause actual results to differ materially from those in the forward-looking statements are included in the company`s filings with the Securities and Exchange Commission, specifically the company`s Form 10-K filed on March 29, 2001 and its Form 10-Q filed on August 15, 2001. The company undertakes no obligation to update its forward-looking statements at any time or for any reason.


Sirenza Microdevices, Inc.
Condensed Consolidated Statements of Operations
(In thousands, except per-share data)
(Unaudited)

Three months ended Nine months ended
September 30, September 30, September 30, September 30,
2001 2000 2001 2000

Net revenues $ 3,188 $ 8,857 $ 16,343 $ 23,993
Cost of
revenues 7,468 3,982 15,084 10,252
-------- -------- -------- --------
Gross profit
(loss) (4,280) 4,875 1,259 13,741

Operating expenses:
Research and
development 3,116 2,458 7,619 5,584
Sales and
marketing 1,365 1,381 4,419 4,385
General and
administrative 1,111 1,286 3,340 3,398
Amortization of
deferred stock
compensation 472 345 1,147 972
-------- -------- -------- --------
Total operating
expenses 6,064 5,470 16,525 14,339
-------- -------- -------- --------

Loss from
operations (10,344) (595) (15,266) (598)
Interest expense 26 39 99 152

Interest and other
income, net 1,086 989 3,153 1,567
-------- ------- -------- --------

Income (loss)
before taxes (9,284) 355 (12,212) 817
Provision for
income taxes 3,154 105 2,276 243
-------- ------- -------- --------
Net income
(loss) (12,438) 250 (14,488) 574

Accretion of
mandatorily
redeemable
convertible
preferred stock - - - (25,924)
-------- ------- -------- --------
Net income (loss)
applicable to
common
stockholders $(12,438) $ 250 $(14,488) $(25,350)
======== ======== ======== ========

Net income (loss) per
share applicable to
common stockholders

Basic $ (0.42) $ 0.01 $ (0.50) $ (1.24)
======== ======== ========= ========
Diluted $ (0.42) $ 0.01 $ (0.50) $ (1.24)
======== ======== ========= ========

Shares used to compute
net income (loss) per
share applicable to
common stockholders

Basic 29,447 26,342 28,996 20,450
======= ======== ======== ========
Diluted 29,447 31,323 28,996 20,450
======= ======== ======== ========

Pro forma net income
(loss) per share
applicable to common
stockholders, excluding
amortization of deferred
stock compensation and
accretion of mandatorily
redeemable convertible
preferred stock
(unaudited)(2)

Basic $ (0.41) $ 0.02 $ (0.46) $ 0.08
======== ======== ========= ========
Diluted $ (0.41) $ 0.02 $ (0.46) $ 0.05(3)
======== ======== ========= ========


Sirenza Microdevices, Inc.
Condensed Consolidated Balance Sheets
(In thousands)


September 30, 2001 December 31, 2000
(unaudited) (audited)
---------------- ----------------
Assets
Current assets:

Cash and cash equivalents $17,775 $37,683
Short-term investments 37,204 13,444
Accounts receivable 1,446 3,946
Inventories 2,068 7,107
Deferred tax assets and other 1,494 3,464
------- -------

Total current assets 59,987 65,644
Property and equipment, net 7,593 8,388
Long-term investments -- 7,204
Other assets 191 1,070
------- -------

Total assets $67,771 $82,306
======= =======
Liabilities and
stockholders` equity)
Current liabilities:

Accounts payable $ 1,576 $ 2,071
Accrued expenses 1,972 2,912
Deferred margin on
distributor inventory 4,742 6,942
Capital lease obligations,
current portion 695 747
------- -------

Total current liabilities 8,985 12,672
Total long-term liabilities 515 1,010

Stockholders` equity 58,271 68,624
------- -------
Total liabilities and
stockholders` equity $67,771 $82,306
======= =======

(1) On September 19, 2001, the company announced the change of its corporate name from Stanford Microdevices, Inc. Stanford Microdevices was neither affiliated with nor sponsored or endorsed by Stanford University.
(2) This pro forma information is not prepared in accordance with accounting principles generally accepted in the U.S.
(3) This pro forma computation is based on 28,609,295 common shares.

--------------------------------------------------------------------------------
Contact:
Sirenza Microdevices, Inc.
Robert Van Buskirk, 408/616-5497 (President and CEO)
[e-mail]

[panik]

New Sirenza Microdevices Power Amplifier RFICs Couple High Gain with Unmatched Linearity For Cellular/PCS/3G Applications
SUNNYVALE, Calif.--(BUSINESS WIRE)--Oct. 25, 2001--Sirenza Microdevices (NASDAQ:SMDI - news), a leading designer and supplier of high-performance radio frequency (RF) components for communications equipment manufacturers, today expanded its SPA Series of linear power amplifier radio frequency integrated circuits (RFICs) with the addition of two new high-gain models. The SPA-2118 and SPA-2318 offer cellular, PCS and 3G equipment designers 32 dB of gain at 900 MHz and 23 dB of gain at 1.9 and 2.1 GHz, along with exceptional linearity previously unavailable in a single integrated circuit.

``These highly efficient, ultra-linear power amplifiers significantly strengthen our RFIC product portfolio for infrastructure-equipment manufacturers of next-generation wireless networks,`` according to Norm Hildreth, SMDI`s vice president of wireless products. ``Only SMDI offers in IC form the combination of gain, power and linearity available with the newly expanded SPA Series.``

These gallium-arsenide (GaAs) heterojunction-bipolar-transistor (HBT) devices cover the 850 MHz, 1950 MHz and 2150 MHz frequency bands and perform as excellent driver amplifiers for wireless infrastructure equipment. Housed in standard surface-mount SOIC-8 plastic packages with backside metallization, the amplifiers are fabricated using state-of-the-art, high-performance GaAs semiconductor process technology.

``Our SPA amplifiers are powered with a single +5V supply voltage with an on-chip active bias circuit providing consistent performance over temperature,`` according to Greg Baker, SMDI`s vice president of engineering. ``These devices offer typical third-order intercept points of +47 to +48 dBm, IS-95 channel power of +23 to +24 dBm and W-CDMA (10.5 dB peak-to-average modulation, 64 DPCH + overhead channels) channel power of +21.5 dBm at -45 dBc adjacent channel power (ACP).``

Baker goes on to state, ``SMDI performs 100-percent production testing on these parts for ACP, using digital-modulation waveforms representative of typical customers` applications.``

The units are priced at $9.90 each in quantities of 50,000.

An ISO 9001-certified manufacturer headquartered in Sunnyvale, Calif., with design centers throughout the U.S. and Canada, Sirenza Microdevices is a leading supplier of high-performance RF components for the wireless and wireline telecommunications markets. SMDI`s products include power modules, low-noise amplifiers, high-linearity gain blocks, high-performance transistors, modulators, switches, mixers, upconverters and downconverters, and high-performance multicomponent modules (MCMs) for transmit and receive applications. Product information may be found at Sirenza Microdevices` website at www.sirenza.com

Safe Harbor Statement

This press release contains forward-looking statements regarding future events. We wish to caution the reader that such statements are, in fact, predictions and that actual events or results may differ materially. In particular, industry-wide fluctuations in supply and demand for RF components could adversely impact our ability to increase involvement with targeted accounts. Other risks that could cause actual events to differ materially are included in our filings with the Securities and Exchange Commission. These documents contain and identify important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements.


--------------------------------------------------------------------------------
Contact:

Sirenza Microdevices, Inc.
Steve Witmer, 408/616-5400
[e-mail]

[panik]

Sirenza Microdevices Announces 25 Million Silicon Germanium Products Shipped
SUNNYVALE, Calif.--(BUSINESS WIRE)--Nov. 30, 2001--Sirenza Microdevices (Nasdaq:SMDI - news), a leading designer and supplier of high-performance radio-frequency (RF) components for communications equipment manufacturers, announced today that it has shipped over 25 million products employing its high-performance silicon germanium (SiGe) semiconductor process technology. Atmel Corporation (Nasdaq:ATML - news), a leading provider and developer of SiGe technologies, has provided foundry service to SMDI for the high-volume shipment of a broad range of RF products in this technology.

SMDI was among the earliest RF integrated-circuit suppliers to offer SiGe products to the telecommunications infrastructure marketplace. Available as both discrete and integrated-circuit components, these products provide RF performance not attainable by conventional silicon technologies, including lower noise figures, lower power consumption, and excellent price/performance ratio, with particular performance benefits in amplifier linearity and efficiency.

``This shipment milestone demonstrates clearly the wide market acceptance that Sirenza Microdevices has achieved with this innovative circuit technology,`` according to Bob Van Buskirk, SMDI`s president and CEO. ``Silicon germanium provides the infrastructure equipment manufacturer the performance, economy and reliability needed to succeed in today`s competitive telecommunications market environment. We are proud to be a leader in this technology and pleased to serve as a principal supplier of advanced SiGe products to leading wireless and wireline OEMs throughout the world.``

Sirenza Microdevices, Inc., an ISO 9001-certified manufacturer headquartered in Sunnyvale, Calif., with design centers throughout the U.S. and Canada, is a leading supplier of high-performance RF components for the wireless and wireline telecommunications markets. SMDI`s component products include power amplifiers, low-noise amplifiers, high-linearity gain blocks, high-performance transistors, modulators, switches, mixers, upconverters and downconverters, and high-performance multicomponent modules (MCMs) for transmit and receive applications.

Safe Harbor Statement

This press release contains forward-looking statements regarding future events. We wish to caution the reader that such statements are, in fact, predictions and that actual events or results may differ materially. Risks that could cause actual events to differ materially are included in our filings with the Securities and Exchange Commission. These documents contain and identify important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements.


--------------------------------------------------------------------------------
Contact:

Sirenza Microdevices, Inc.
Steve Witmer, 408/616-5400
[e-mail]

[proxim]

Sirenza Microdevices Announces $7.5-Million Equity Investment
In Pure-Play Wafer Foundry and Strategic Partner Global Communication Semiconductors
SUNNYVALE, Calif.--(BUSINESS WIRE)--March 20, 2002--Sirenza Microdevices, Inc. (Nasdaq:SMDI - news), a leading designer and supplier of high-performance radio frequency (RF) components for communications equipment manufacturers, today announced a $7.5-million equity investment in Global Communication Semiconductors, Inc. (GCS), a privately held semiconductor foundry service provider. The purchase of GCS Series D-1 preferred stock will give Sirenza approximately 12% ownership of GCS on a fully diluted basis. In connection with the investment, GCS will elect a representative of Sirenza to its seven-member board of directors.

Sirenza outsources all semiconductor wafer fabrication and semiconductor packaging for its diverse product line, and GCS is one of its principal wafer fabrication partners. GCS specializes in high-performance Indium Gallium Phosphide (InGaP) and Indium Phosphide (InP) heterojunction bipolar transistor (HBT) technologies for applications ranging from mobile wireless networks to high-speed fiber optic networks. On January 10, 2002, GCS announced that it had secured $17.5 million in the first round of its Series D-1 equity financing. Including the investment by Sirenza and other second round investments, GCS has closed its Series D-1 financing at $27.5 million.

``We`re pleased to join other investors in funding the growth of GCS as a leading-edge foundry for RF components,`` said Robert Van Buskirk, president and chief executive officer of Sirenza Microdevices. ``This investment emphasizes our strategic relationship with GCS and reinforces GCS`s role as a source of advanced technology for Sirenza. The investment also supports our fabless operating model, and we believe that it will strengthen our supply chain and help us maintain our price/performance leadership across a broad spectrum of products for both wireless and broadband wireline markets.``

``Sirenza is a corporate equity partner who appreciates the value of a pure-play foundry business model,`` said Dr. S.K. (Dave) Wang, chief operating officer and acting president and chief executive officer of GCS. ``We share a vision for the future of InGaP and InP HBT technologies in the global telecommunications industry, and we are working together to realize this vision. Sirenza`s investment will further support GCS`s ability to offer the most advanced compound semiconductor technologies by continuing to build its R&D and manufacturing operations, while remaining a pure-play foundry.``

Global Communication Semiconductors, Inc.

Global Communication Semiconductors, Inc. (GCS), an ISO 9002-certified company based in Torrance, California, provides compound semiconductor foundry services to the wireless telecommunication and high-speed networking industries. GCS currently offers foundry services for both InGaP and InP HBT processes and provides optoelectronic foundry services for PIN diodes used in the fiber optic communication market. Additional information may be found at www.gcsincorp.com.

Sirenza Microdevices, Inc.

Sirenza Microdevices, Inc., an ISO 9001-certified manufacturer headquartered in Sunnyvale, California, with design centers throughout the U.S. and Canada, is a leading supplier of high-performance RF components for the wireless and wireline telecommunications markets. The company`s products include power modules, low-noise amplifiers, high-linearity gain blocks, high-performance transistors, modulators, switches, mixers, upconverters and downconverters, and high-performance multicomponent modules (MCMs) for transmit and receive applications. Product information may be found on Sirenza`s website at www.sirenza.com.

This news release contains forward-looking statements regarding future events, including statements regarding Sirenza`s continued access to process technology advancements and ability to maintain its price/performance leadership in the wireless and wireline markets for RF components. Sirenza wishes to caution readers that such statements are, in fact, predictions and are subject to risks and uncertainties that could cause actual events or results to differ materially. The factors that could cause actual results or events to differ materially include, but are not limited to, changes in Sirenza`s relationship with GCS or other semiconductor wafer fabrication partners that would limit Sirenza`s access to materials and processes required to manufacture its products. Additional factors that could cause actual results to differ materially from those in the forward-looking statements are included in Sirenza`s filings with the Securities and Exchange Commission, specifically its Form 10-K filed on March 29, 2001 and its Form 10-Q filed on November 14, 2001. Sirenza undertakes no obligation to update its forward-looking statements at any time or for any reason.



--------------------------------------------------------------------------------
Contact:

Sirenza Microdevices, Inc.
Robert Van Buskirk, 408/616-5497
President and Chief Executive Officer
[e-mail]

[proxim]

Sirenza Microdevices Revises First-Quarter 2002 Outlook Upward To 20-30% Sequential Revenue Growth
SUNNYVALE, Calif.--(BUSINESS WIRE)--March 25, 2002--Sirenza Microdevices, Inc. (Nasdaq:SMDI - news) today announced improved expectations of results for the first quarter ending March 31, 2002.

Based on the strength of orders and shipments to date, Sirenza currently anticipates first-quarter net revenues of approximately $4.2-$4.5 million, up approximately 20-30% from the fourth quarter of 2001, and a pro forma net loss of approximately $0.04-$0.07 per share, compared sequentially with a pro forma net loss of $0.07 per share. Pro forma net loss comparisons exclude the effects of the amortization of deferred stock compensation and a fourth-quarter restructuring charge. Sirenza expects its first-quarter net loss, as reported under U.S. Generally Accepted Accounting Principles (GAAP), to be approximately $0.05-$0.08 per share, compared sequentially with a reported net loss of $0.17 per share.

Sirenza`s previously disclosed expectations for the first quarter were: net revenues comparable to or slightly above the $3.5 million reported for the fourth quarter of 2001, and a pro forma net loss of approximately $0.06-$0.09 per share, excluding the amortization of deferred stock compensation.

``Our increased revenue growth expectations for the first quarter are especially encouraging in an economic and industry environment that remains uncertain,`` said Robert Van Buskirk, president and chief executive officer of Sirenza Microdevices. ``A strong start in 2002 will support our previously stated outlook of up to 10% revenue growth for the full year.``

Sirenza cautioned that its anticipated first-quarter results and fiscal year 2002 revenue growth are preliminary, based on information currently available and subject to the completion of the quarter and year, the closing of its books, and customary quarterly and year-end accounting procedures. The company plans to report its final results for the first quarter after the close of market on April 23, 2002, and to discuss expectations for the second quarter and fiscal year at that time.

The Company

Sirenza Microdevices, Inc., an ISO 9001-certified manufacturer headquartered in Sunnyvale, California, with design centers throughout the U.S. and Canada, is a leading supplier of high-performance RF components for the wireless and wireline telecommunications markets. The company`s product lines include amplifiers, power amplifiers, discrete devices, RF signal processing components, fiber optic components, and high-performance multicomponent modules (MCMs) for transmit and receive applications. Product information may be found on Sirenza`s website at www.sirenza.com.

This news release contains forward-looking statements regarding future events, including statements regarding expected net revenues and pro forma and GAAP net loss per share for the first quarter of 2002, based on the strength of orders and shipments to date, and expected revenue growth for fiscal year 2002. The company wishes to caution readers that such statements are, in fact, predictions and are subject to risks and uncertainties that could cause actual events or results to differ materially. The factors that could cause actual results or events to differ materially include, but are not limited to, the closing of the company`s books and customary quarterly and year-end accounting procedures; the implementation of the company`s recently announced management realignment; reductions of planned production volumes or order cancellations by customers; delays in the build-out of new wireless network infrastructure by customers; decreased demand for products that contain RF components due to overall general economic or telecommunications market conditions or otherwise; delays in the implementation of next-generation equipment in the mobile and fixed wireless and wireline infrastructure markets; downward pressure on the pricing of the company`s components; underutilization of the company`s manufacturing facilities, whether as a result of the factors described above or otherwise; and higher than expected expenses in manufacturing, research and development, sales and marketing, or general and administrative. Additional factors that could cause actual results to differ materially from those in the forward-looking statements are included in the company`s filings with the Securities and Exchange Commission, specifically the company`s Form 10-K filed on March 29, 2001 and Form 10-Q filed on November 14, 2001. The company undertakes no obligation to update its forward-looking statements at any time or for any reason.



--------------------------------------------------------------------------------
Contact:

Sirenza Microdevices, Inc.
Robert Van Buskirk, 408/616-5497
[e-mail]

[proxim]

Sirenza Microdevices Reports First-Quarter 2002 Results: $4.9 Million Revenues, $0.02 Per Share Pro Forma Net Loss
SUNNYVALE, Calif.--(BUSINESS WIRE)--April 23, 2002--Sirenza Microdevices, Inc. (Nasdaq:SMDI - news) today announced its financial results for the first quarter ended March 31, 2002. Quarterly highlights included:

Sequential net revenue growth of 40%
Gross margin increase to 66%
Cash and investment balances of $43.7 million at March 31, 2002
$7.5-million equity investment in pure-play wafer foundry Global Communication Semiconductors, Inc. (GCS).
Sirenza`s first-quarter net revenues were $4.9 million, compared with $3.5 million for the fourth quarter of 2001 and with $7.8 million for the first quarter of 2001. On March 25, 2002, Sirenza management had disclosed its preliminary expectations of 20-30% sequential revenue growth for the first quarter.

The company`s first-quarter net loss as reported under accounting principles generally accepted in the United States (GAAP) was $752,000, or a loss of $0.03 per basic share. This compared sequentially with a net loss of $5.1 million, or a loss of $0.17 per basic share, and year-over-year with a net loss of $580,000, or a loss of $0.02 per basic share.

Sirenza`s pro forma net loss for the first quarter was $513,000, or a loss of $0.02 per basic share. This compared sequentially with a pro forma net loss of $2.2 million, or a loss of $0.07 per basic share, and year-over-year with a pro forma net loss of $239,000, or a loss of $0.01 per basic share. Pro forma comparisons exclude the effects of the amortization of deferred stock compensation and a $2.7-million restructuring charge for the fourth quarter of 2001.

``We are pleased with the strength of our first-quarter performance,`` said Robert Van Buskirk, president and chief executive officer of Sirenza Microdevices. ``We exceeded our revenue outlook, improved our gross margin and narrowed our net loss per share. This resulted from a combination of increased demand for our products in mobile wireless applications, enhanced sales and marketing efforts targeted at major wireless equipment OEMs, and the actions that we have taken to streamline operations and lower our break-even point. Although the economic and industry climate remains challenging, we continue to see signs of stabilization in the market and improving consistency in our business.``

Sirenza`s first-quarter 2002 gross margin was 66%, compared with 32% sequentially and with 50% a year earlier. The company attributed the sequential improvement to continued growth in production volumes through the first quarter and a benefit related to the sale of previously reserved inventory products.

At March 31, 2002, Sirenza`s total assets were $62.4 million, including cash and cash equivalents, short-term investments and long-term investments of $43.7 million.

During the first quarter, Sirenza announced a $7.5-million equity investment in GCS, a privately held semiconductor foundry service provider. GCS, one of Sirenza`s principal outsourcing partners for wafer fabrication, specializes in high-performance Indium Gallium Phosphide (InGaP) and Indium Phosphide heterojunction bipolar transistor (HBT) technologies for applications ranging from mobile wireless networks to high-speed fiber optic networks. Immediately following the preferred stock purchase, Sirenza owned approximately 12% of GCS on a fully diluted basis. Sirenza also has a representative on GCS`s seven-member board of directors.

Sirenza management plans to hold a teleconference at 1:45 p.m. PT / 4:45 p.m. ET today to discuss first-quarter 2002 financial results, as well as the current outlook for second-quarter and fiscal year 2002. This teleconference will be webcast live for all investors. For more information, visit the Investor Relations page of Sirenza`s website at www.sirenza.com. The teleconference will be archived on this site, and a telephonic replay will be available at 703-326-3020, code #5915463, for one week after the live call. Also available on the Investor Relations page of Sirenza`s website is supplemental statistical information associated with the company`s first-quarter 2002 financial results.

The Company

Sirenza Microdevices, Inc., an ISO 9001:2000-certified manufacturer headquartered in Sunnyvale, California, with design centers throughout the U.S. and Canada, is a leading supplier of high-performance RF components for the wireless and wireline telecommunications markets. The company`s product lines include amplifiers, power amplifiers, discrete devices, RF signal processing components, fiber optic components, and high-performance multicomponent modules (MCMs) for transmit and receive applications. Product information may be found on Sirenza`s website at www.sirenza.com.

This news release contains forward-looking statements regarding future events, including a statement regarding the stabilization of the wireless and wireline markets for RF components and improving consistency in the company`s business. The company wishes to caution readers that such statements are, in fact, predictions and are subject to risks and uncertainties that could cause actual events or results to differ materially. The factors that could cause actual results or events to differ materially include, but are not limited to, the implementation of the company`s recently announced management realignment; reductions of planned production volumes or order cancellations by customers; delays in the build-out of new wireless network infrastructure by customers; decreased demand for products that contain RF components due to overall general economic or telecommunications market conditions or otherwise; delays in the implementation of next-generation equipment in the mobile and fixed wireless and wireline infrastructure markets; downward pressure on the pricing of the company`s components; and utilization of the company`s manufacturing facilities, whether as a result of the factors described above or otherwise. Additional factors that could cause actual results to differ materially from those in the forward-looking statements are included in the company`s filings with the Securities and Exchange Commission, specifically the company`s Form 10-K filed on March 27, 2002. The company undertakes no obligation to update its forward-looking statements at any time or for any reason.



Sirenza Microdevices, Inc.
Condensed Consolidated Statements of Operations
(In thousands, except per-share data)

Three Months Ended
March 31,
2002 2001
------------ ------------
(unaudited)

Net revenues $ 4,870 $ 7,800
Cost of revenues 1,680 3,900
------------ ------------
Gross profit 3,190 3,900

Operating expenses:
Research and development 1,662 2,531
Sales and marketing 1,133 1,636
General and administrative 1,155 1,054
Amortization of deferred
stock compensation 239 341
------------ ------------
Total operating expenses 4,189 5,562
------------ ------------

Loss from operations (999) (1,662)
Interest expense 20 42
Interest and other income, net 267 875
------------ ------------

Loss before taxes (752) (829)
Provision for (benefit from)
income taxes - (249)
------------ ------------

Net loss $ (752) $ (580)

Net loss applicable to
common stockholders $ (752) $ (580)
============ ============

Net loss per share applicable to
common stockholders
Basic $ (0.03) $ (0.02)
============ ============
Diluted $ (0.03) $ (0.02)
============ ============

Shares used to compute net loss
per share applicable to
common stockholders
Basic 29,780 28,271
============ ============
Diluted 29,780 28,271
============ ============


Sirenza Microdevices, Inc.
Condensed Consolidated Statements of Operations
Reconciliation of Actual Results with Pro Forma Results
(In thousands, except per-share data)

The following table reconciles the company`s net loss as reported
with the pro forma information set forth in the news release. Items of
reconciliation include the effect of amortization of deferred stock
compensation. The calculation of pro forma net loss per share
applicable to common stockholders is not prepared in accordance with
accounting principles generally accepted in the United States (GAAP).


Three Months Ended
March 31,
2002 2001
------------ ------------
(unaudited)


Net loss applicable to
common stockholders, as reported
under GAAP $ (752) $ (580)

Amortization of deferred
stock compensation 239 341

Pro forma net loss applicable
to common stockholders $ (513) $ (239)
============ ============

Pro forma net loss per share
applicable to common stockholders
Basic $ (0.02) $ (0.01)
============ ============
Diluted $ (0.02) $ (0.01)
============ ============

Shares used to compute pro forma
net loss per share applicable to
common stockholders
Basic 29,780 28,271
============ ============
Diluted 29,780 28,271
============ ============



Sirenza Microdevices, Inc.
Condensed Consolidated Balance Sheets
(In thousands)

March 31, 2002 December 31, 2001
------------------ -----------------
(unaudited) (audited)

Assets
Current assets:
Cash and cash equivalents $ 14,696 $ 15,208
Short-term investments 16,984 27,118
Accounts receivable 1,621 1,158
Inventories 2,013 1,894
Other current assets 622 1,062
------------- -------------
Total current assets 35,936 46,440
Property and equipment, net 6,744 7,285
Long-term investments 12,000 9,058
Investment in GCS 7,500 -
Other assets 200 1,260
------------- -------------
Total assets $ 62,380 $ 64,043
============= =============

Liabilities and stockholders` equity
Current liabilities:
Accounts payable $ 1,502 $ 1,464
Accrued expenses 1,412 1,745
Deferred margin on
distributor inventory 3,062 3,631
Accrued restructuring 1,980 2,155
Capital lease obligations,
current portion 563 634
------------- -------------
Total current liabilities 8,519 9,629
Total long-term liabilities 253 401

Stockholders` equity 53,608 54,013
------------- -------------
Total liabilities and
stockholders` equity $ 62,380 $ 64,043
============= =============




--------------------------------------------------------------------------------
Contact:
Sirenza Microdevices, Inc.
Robert Van Buskirk, 408/616-5497 (President and CEO)
[e-mail]
www.sirenza.com

[proxim]

Sirenza Microdevices Active Transmit Mixers Improve 2G, 2.5G and 3G Base-Station Transceiver Performance
SUNNYVALE, Calif.--(BUSINESS WIRE)--May 17, 2002--Sirenza Microdevices (Nasdaq:SMDI - News), a leading designer and supplier of high-performance radio-frequency (RF) components for communications equipment manufacturers, today announced the expansion of its silicon germanium (SiGe) active mixer product family with the addition of three new mixers ideally suited for use in the transmitter line-up in wireless-infrastructure installations.

The SMDI STM-1116, STM-2116 and SRM-3116 SiGe active transmit mixers, covering frequency bands from 800 MHz to 2.5 GHz, achieve low LO-RF leakage while providing high-linearity IF-to-RF conversion for cellular, GSM, DCS, PCS, and UMTS BTS applications. STM mixers include on-chip RF, IF and LO buffers, providing a high-performance, compact implementation of the up-converting function for base-station transceivers. All three ICs are packaged in industry-standard 16-pin, exposed-pad TSSOP plastic packages.

The STM-1116 covers 800 MHz to 1.0 GHz, providing 13 dB of gain, an output IP3 of 22 dBm and a noise figure of 9 dB. The STM-2116, covering 1.8 GHz to 2.1 GHz, provides 17 dB of conversion gain, an output IP3 of 24 dBm and a noise figure of 9.5 dB. The STM-3116 is applicable to both UMTS and fixed-wireless applications, covering 2.1 GHz to 2.5 GHz. The STM-3116 provides 17 dB of gain, an output IP3 of 24.5 dBm and a noise figure of 9.0 dB. All three components exhibit very low LO leakage (lower than -20 dBm), which is superior to that typically achieved by passive mixers. The products are designed to operate with a low LO drive level (0 dBm) and are specified for use with a single +5V power supply.

"With the addition of the STM series of mixers, Sirenza Microdevices is continuing to provide its customers with increasing levels of integration and functionality," stated John Pelose, vice president of wireless products. "SMDI`s STM products are the first-ever SiGe active mixers designed specifically for the base-station IF-to-RF up-converting function. We believe this family of new products will provide equipment manufacturers a more integrated, high-performance solution than that presently achieved using a traditional passive mixer approach."

Samples and fully assembled evaluation boards are available now from Sirenza Microdevices. Production quantities will be available in September 2002. The units are priced at $3.95 each in quantity 50,000.

About Sirenza Microdevices

Headquartered in Sunnyvale, Calif., with design centers throughout the U.S. and Canada, Sirenza Microdevices is an ISO 9001:2000-certified supplier of high-performance RF components for the wireless and wireline telecommunications markets. SMDI`s products include amplifiers, power amplifiers, discrete products, RF signal-processing components, fiber-optic components and high-performance multicomponent modules (MCMs) for transmit and receive applications. Product information can be found on Sirenza Microdevices` website at www.sirenza.com.



--------------------------------------------------------------------------------
Contact:

Sirenza Microdevices, Inc.
Steve Witmer, 408/616-5400
Fax [phone]
[e-mail]

[proxim]

Sirenza Microdevices Reports Second-Quarter 2002 Results: $4.9 Million Revenues, $0.02 Per Share Pro Forma Net Loss
SUNNYVALE, Calif.--(BUSINESS WIRE)--July 23, 2002--Sirenza Microdevices, Inc. (Nasdaq:SMDI - News) today announced its financial results for the second quarter ended June 30, 2002. Quarterly highlights included:


-- Sequentially level net revenues of $4.9 million
-- Growth of factory direct sales to 52% of net revenues
-- Gross margin of 60%
-- Cash and investment balances of $43.0 million at June 30.

In a separate news release, Sirenza also announced today that its board of directors has authorized the repurchase of up to $4.0 million of the company`s common stock.

Sirenza`s second-quarter net revenues were $4.9 million, compared with $4.9 million for the first quarter of 2002 and with $5.4 million for the second quarter of 2001. Factory direct sales increased to 52% of net revenues, compared with 47% sequentially and 24% year-over-year.

The company`s second-quarter net loss as reported under accounting principles generally accepted in the United States (GAAP) was $973,000, or a loss of $0.03 per basic share. This compared sequentially with a net loss of $752,000, or a loss of $0.03 per basic share, and year-over-year with a net loss of $1.5 million, or a loss of $0.05 per basic share.

Sirenza`s pro forma net loss for the second quarter was $734,000, or a loss of $0.02 per basic share. This compared sequentially with a pro forma net loss of $513,000, or a loss of $0.02 per basic share, and year-over-year with a pro forma net loss of $1.1 million, or a loss of $0.04 per basic share. Pro forma comparisons exclude the effects of the amortization of deferred stock compensation.

"Although sequential comparisons were level following a strong first quarter, we continued to see signs of stabilization in the market and improving consistency in our business through the second quarter," said Robert Van Buskirk, president and chief executive officer of Sirenza Microdevices. "Demand for our products in mobile wireless applications and interest from the leading wireless equipment OEMs remained steady. During the quarter, we expanded our Silicon Germanium (SiGe) product line, strengthened our intellectual property portfolio with new patents for high-performance wireline amplifiers and achieved certification for the ISO 9001:2000 quality management standard. In a business climate that continues to be challenging at all levels of the telecommunications food chain, we believe that Sirenza is managing its operating costs and expenses effectively and minimizing cash usage, while continuing to make strategic investments in leading-edge products and key sales channel assets."

Sirenza`s second-quarter 2002 gross margin was 60%, compared with 66% sequentially and with 31% a year earlier. The company attributed the sequential decline to lower production volumes. The year-over-year increase in gross margin was due to the sale of previously reserved inventory in the second quarter of 2002 and excess inventory charges in the second quarter of 2001.

At June 30, 2002, Sirenza`s total assets were $61.1 million, including cash and cash equivalents, short-term investments and long-term investments of $43.0 million.

Sirenza`s net revenues for the six months ended June 30, 2002 were $9.7 million, compared with $13.2 million for the same period of 2001. Six-month net loss as reported under GAAP was $1.7 million, or a loss of $0.06 per basic share, compared with a net loss of $2.1 million, or a loss of $0.07 per basic share, for the six months of the prior year. Excluding the amortization of deferred stock compensation, pro forma net loss for the six months of 2002 was $1.2 million, or a loss of $0.04 per basic share, compared with a pro forma net loss of $1.4 million, or a loss of $0.05 per basic share, for the same period a year earlier.

Sirenza management plans to hold a teleconference at 1:45 p.m. PT / 4:45 p.m. ET today to discuss second-quarter 2002 financial results, as well as the current outlook for third-quarter and fiscal year 2002. This teleconference will be webcast live for all investors. For more information, visit the Investor Relations page of Sirenza`s website at www.sirenza.com. The teleconference will be archived on this site, and a telephonic replay will be available at [phone], access code number 420849, for one week after the live call. Also available on the Investor Relations page of Sirenza`s website is supplemental statistical information associated with the company`s second-quarter 2002 financial results.

The Company

Sirenza Microdevices, Inc., an ISO 9001:2000-certified manufacturer headquartered in Sunnyvale, California, with design centers throughout the U.S. and Canada, is a leading supplier of high-performance RF components for the wireless and wireline telecommunications markets. The company`s product lines include amplifiers, power amplifiers, discrete devices, RF signal processing components, fiber optic components, and high-performance multicomponent modules (MCMs) for transmit and receive applications. Product information may be found on Sirenza`s website at www.sirenza.com.

This news release contains forward-looking statements regarding future events, including statements regarding the stabilization of the wireless and wireline markets for RF components, improving consistency in the company`s business, steady demand for the company`s products in mobile wireless applications, interest from the leading wireless equipment OEMs, and Sirenza`s performance relative to the challenging business climate in the telecommunications industry. The company wishes to caution readers that such statements are, in fact, predictions and are subject to risks and uncertainties that could cause actual events or results to differ materially. The factors that could cause actual results or events to differ materially include, but are not limited to, reductions of planned production volumes or order cancellations by customers; delays in the build-out of new wireless network infrastructure by customers; decreased demand for products that contain RF components due to overall general economic or telecommunications market conditions or otherwise; delays in the implementation of next-generation equipment in the mobile and fixed wireless and wireline infrastructure markets; downward pressure on the pricing of the company`s components; and utilization of the company`s manufacturing facilities, whether as a result of the factors described above or otherwise. Additional factors that could cause actual results to differ materially from those in the forward-looking statements are included in the company`s filings with the Securities and Exchange Commission, specifically the company`s Form 10-K filed in March 2002 and the company`s latest Form 10-Q filed in May 2002. The company undertakes no obligation to update its forward-looking statements at any time or for any reason.

Condensed Consolidated Statements of Operations
(In thousands, except per-share data)
(Unaudited)

Three months ended Six months ended
June 30, June 30,
2002 2001 2002 2001
-------- -------- -------- --------
Net revenues $ 4,863 $ 5,355 $ 9,733 $ 13,155
Cost of revenues 1,941 3,716 3,621 7,616
-------- -------- -------- --------
Gross profit 2,922 1,639 6,112 5,539

Operating expenses:
Research and
development 1,394 1,972 3,056 4,503
Sales and marketing 1,298 1,418 2,431 3,054
General and
administrative 1,226 1,175 2,381 2,229
Amortization of
deferred stock
compensation 239 334 478 675
-------- -------- -------- --------
Total operating
expenses 4,157 4,899 8,346 10,461
-------- -------- -------- --------

Loss from operations (1,235) (3,260) (2,234) (4,922)
Interest expense 15 31 35 73
Interest and other
income, net 277 1,192 544 2,067
-------- -------- -------- --------

Loss before taxes (973) (2,099) (1,725) (2,928)
Provision for
(benefit from)
income taxes -- (629) -- (878)
-------- -------- -------- --------

Net loss $ (973) $ (1,470) $ (1,725) $ (2,050)
======== ======== ======== ========

Net loss per share
Basic $ (0.03) $ (0.05) $ (0.06) $ (0.07)
======== ======== ======== ========
Diluted $ (0.03) $ (0.05) $ (0.06) $ (0.07)
======== ======== ======== ========

Shares used to
compute net
loss per share
Basic 29,862 29,270 29,821 28,771
======== ======== ======== ========
Diluted 29,862 29,270 29,821 28,771
======== ======== ======== ========


Sirenza Microdevices, Inc.
Condensed Consolidated Statements of Operations
Reconciliation of Actual Results with Pro Forma Results
(In thousands, except per-share data)
(Unaudited)

The following table reconciles the company`s net loss as reported
with the pro forma information set forth in the news release. Items of
reconciliation include the effect of amortization of deferred stock
compensation. The calculation of pro forma net loss per share is not
prepared in accordance with accounting principles generally accepted
in the United States (GAAP).

Three Months Ended Six Months Ended
June 30, June 30,
2002 2001 2002 2001

Net loss as
reported under GAAP $ (973) $ (1,470) $ (1,725) $ (2,050)

Amortization of
deferred stock
compensation 239 334 478 675

Pro forma net loss $ (734) $ (1,136) $ (1,247) $ (1,375)
======== ======== ======== ========

Pro forma net
loss per share
Basic $ (0.02) $ (0.04) $ (0.04) $ (0.05)
======== ======== ======== ========
Diluted $ (0.02) $ (0.04) $ (0.04) $ (0.05)
======== ======== ======== ========

Shares used to compute
pro forma net
loss per share
Basic 29,862 29,270 29,821 28,771
======== ======== ======== ========
Diluted 29,862 29,270 29,821 28,771
======== ======== ======== ========

Sirenza Microdevices, Inc.
Condensed Consolidated Balance Sheets
(In thousands)

June 30, December 31,
2002 2001
(unaudited) (audited)
------- -------
Assets
Current assets:
Cash and cash equivalents $14,846 $15,208
Short-term investments 16,043 27,118
Accounts receivable 1,320 1,158
Inventories 2,020 1,894
Other current assets 1,048 1,062
------- -------
Total current assets 35,277 46,440
Property and equipment, net 6,061 7,285
Long-term investments 12,087 9,058
Investment in GCS(1) 7,500 --
Other assets 183 1,260
------- -------
Total assets $61,108 $64,043
======= =======

Liabilities and stockholders` equity
Current liabilities:
Accounts payable $ 988 $ 1,464
Accrued expenses 1,668 1,745
Deferred margin on
distributor inventory 2,809 3,631
Accrued restructuring 1,813 2,155
Capital lease obligations,
current portion 519 634
------- -------
Total current liabilities 7,797 9,629
Total long-term liabilities 115 401

Stockholders` equity 53,196 54,013
------- -------
Total liabilities and
stockholders` equity $61,108 $64,043
======= =======

(1) Global Communication Semiconductors, Inc




--------------------------------------------------------------------------------
Contact:
Sirenza Microdevices, Inc.
Robert Van Buskirk, 408/616-5497 (President and CEO)
[e-mail]














Sirenza Microdevices Board of Directors Authorizes Stock Repurchase Program
SUNNYVALE, Calif.--(BUSINESS WIRE)--July 23, 2002--Sirenza Microdevices, Inc. (Nasdaq:SMDI - News), a leading designer and supplier of high-performance radio frequency (RF) components for communications equipment manufacturers, today announced that its board of directors has authorized the repurchase of up to $4.0 million of the company`s common stock from time to time.

The number of shares to be repurchased and the timing of repurchases will be based on several factors, including the price per share of the company`s common stock and general market conditions. Purchases may be made at management`s discretion in the open market or in private transactions at negotiated prices. The company plans to fund repurchases from available working capital.

"Although the market for wireless communications equipment stocks is both volatile and depressed, we have confidence in our long-term prospects," said Robert Van Buskirk, president and chief executive officer of Sirenza. "We are prepared to demonstrate this confidence, as well as our commitment to improve shareholder value, through the stock repurchase program announced today."

In a separate news release, Sirenza also announced today its financial results for the second quarter ended June 30, 2002.

The Company

Sirenza Microdevices, Inc., an ISO 9001:2000-certified manufacturer headquartered in Sunnyvale, California, with design centers throughout the U.S. and Canada, is a leading supplier of high-performance RF components for the wireless and wireline telecommunications markets. The company`s product lines include amplifiers, power amplifiers, discrete devices, RF signal processing components, fiber optic components, and high-performance multicomponent modules (MCMs) for transmit and receive applications. Product information may be found on Sirenza Microdevices` website at www.sirenza.com.

This news release contains forward-looking statements regarding future events or results, including statements regarding the aggregate dollar amount and number of shares of the company`s common stock to be repurchased, the timing and terms of, and source of funds for, such repurchases, and the company`s confidence in its long-term prospects. The company wishes to caution readers that such statements are, in fact, predictions and that actual events or results may differ materially. There is no assurance that Sirenza Microdevices will repurchase the amount of its common stock authorized by the board of directors or any of its common stock, or that future results will validate the company`s current confidence in its long-term prospects. Other factors that could cause actual events or results to differ materially from those in the forward-looking statements are included in the company`s filings with the Securities and Exchange Commission, specifically the company`s Form 10-K filed in March 2002 and the company`s latest Form 10-Q filed in May 2002. The company undertakes no obligation to update its forward-looking statements at any time or for any reason.



--------------------------------------------------------------------------------
Contact:

Sirenza Microdevices, Inc.
Thomas J. Scannell, Chief Financial Officer, 408/616-5497
[e-mail]
www.sirenza.com

[panik]

Sirenza Microdevices Reports Third-Quarter 2002 Results: $5.2 Million Revenues, $0.04 Pro Forma Net Loss Per Share
Tuesday October 22, 4:05 pm ET


SUNNYVALE, Calif.--(BUSINESS WIRE)--Oct. 22, 2002--Sirenza Microdevices, Inc. (Nasdaq:SMDI - News) today announced its financial results for the third quarter ended September 29, 2002. Quarterly financial highlights included:
Net revenue growth of 7% sequentially and 63% year-over-year
Factory direct sales of 48% of net revenues
Gross margin of 54%
Cash and investment balances of $36.9 million at quarter-end.
Sirenza`s third-quarter net revenues were $5.2 million, compared with $4.9 million for the second quarter of 2002 and with $3.2 million for the third quarter of 2001. Factory direct sales were 48% of net revenues, compared with 52% sequentially and 44% year-over-year.

The company`s third-quarter net loss as reported under accounting principles generally accepted in the United States (GAAP) was $3.7 million, or a loss of $0.13 per basic share. This included charges of $313,000 for the amortization of deferred stock compensation and $2.2 million for in-process research and development related to the acquisition of Xemod Incorporated, as well as a $112,000 adjustment of previous restructuring charges. Third-quarter net loss under GAAP compared sequentially with a net loss of $973,000, or a loss of $0.03 per basic share, and year-over-year with a net loss of $12.4 million, or a loss of $0.42 per basic share.

Sirenza`s pro forma net loss for the third quarter was $1.3 million, or a loss of $0.04 per basic share. This compared sequentially with a pro forma net loss of $734,000, or a loss of $0.02 per basic share, and year-over-year with a pro forma net loss of $12.0 million, or a loss of $0.41 per basic share. Pro forma comparisons exclude the effects of the amortization of deferred stock compensation, the in-process research and development charge, and the adjustment of previous restructuring charges.

"We`re pleased with our sequential revenue growth in a business environment that continues to be challenging across the telecommunications supply chain," said Robert Van Buskirk, president and chief executive officer of Sirenza Microdevices. "However, relative to market conditions a year ago, our visibility and demand from the leading wireless equipment OEMs have stabilized. In addition, customer focus on staff reductions and other cost-saving measures has made the integration potential inherent in our technology and products increasingly attractive."

Van Buskirk continued, "During the quarter, we expanded our worldwide customer support infrastructure with the opening of a new sales office in Sweden to further penetrate our OEM accounts in Northern Europe, and a new customer support office in China to provide real-time applications engineering for our OEM accounts there. We also enhanced our power component product line and management team with the acquisition of Xemod. We believe that this acquisition, as well as the potential acquisition of Vari-L Company, Inc. (OTCBB:VARL - News), will better enable us to meet the current and anticipated RF component requirements of our OEM customers, as they drive toward higher levels of integration to achieve performance and cost improvements."

Sirenza`s third-quarter 2002 gross margin was 54%, compared with 60% sequentially and with 14% a year earlier, excluding a write-off of excess inventory and capital equipment for the third quarter of 2001. The sequential decline in gross margin was due principally to higher manufacturing period expenses.

At September 29, 2002, Sirenza`s total assets were $58.5 million, including cash and cash equivalents, short-term investments and long-term investments of $36.9 million. During the third quarter, the company used approximately $4.6 million in cash for the Xemod acquisition.

Sirenza`s net revenues for the nine months ended September 29, 2002 were $14.9 million, compared with $16.3 million for the same period of 2001. Nine-month net loss as reported under GAAP was $5.5 million, or a loss of $0.18 per basic share, compared with a net loss of $14.5 million, or a loss of $0.50 per basic share, for the nine months of the prior year. Excluding the effects of the amortization of deferred stock compensation, the in-process research and development charge, and the adjustment of previous restructuring charges, pro forma net loss for the nine months of 2002 was $2.6 million, or a loss of $0.09 per basic share, compared with a pro forma net loss of $13.3 million, or a loss of $0.46 per basic share, for the same period a year earlier.

Sirenza management plans to hold a teleconference at 1:45 p.m. PT / 4:45 p.m. ET today to discuss third-quarter 2002 financial results, as well as the current outlook for fourth-quarter 2002 and fiscal year 2003. This teleconference will be webcast live for all investors. For more information, visit the Investor Relations page of Sirenza`s website at www.sirenza.com. The teleconference will be archived on this site, and a telephonic replay will be available at [phone], access code number 5986429, for one week after the live call. Also available on the Investor Relations page of Sirenza`s website is supplemental statistical information associated with the company`s third-quarter 2002 financial results.

The Company

Sirenza Microdevices, Inc., an ISO 9001:2000-certified manufacturer headquartered in Sunnyvale, California, with design centers throughout the U.S. and Canada, is a leading supplier of high-performance RF components for the wireless and wireline telecommunications markets. The company`s product lines include amplifiers, power amplifiers, discrete devices, RF signal processing components, fiber optic components, and high-performance multicomponent modules (MCMs) for transmit and receive applications. Product information may be found on Sirenza`s website at www.sirenza.com.

This news release contains forward-looking statements regarding future events, including statements regarding improved market visibility, stabilized customer demand, the increasing attractiveness of Sirenza technology and products to customers, the potential acquisition of Vari-L Company, Inc., and the ability of Sirenza to meet future customer requirements. The company wishes to caution readers that such statements are, in fact, predictions and are subject to risks and uncertainties that could cause actual events or results to differ materially. The factors that could cause actual results or events to differ materially include, but are not limited to, reductions of planned production volumes or order cancellations by customers; delays in the build-out of new wireless network infrastructure by customers; decreased demand for products that contain RF components due to overall general economic or telecommunications market conditions or otherwise; delays in the implementation of next-generation equipment in the mobile and fixed wireless and wireline infrastructure markets; downward pressure on the pricing of the company`s components; utilization of the company`s manufacturing facilities; the potential finalization and execution of a definitive acquisition agreement between Sirenza and Vari-L; the potential close of such an acquisition; the timeliness and efficiency of Sirenza`s potential integration of Vari-L`s operations, subsequent to the close of such an acquisition; and the potential benefits of the business combination to Sirenza`s customers, whether as a result of the factors described above or otherwise. Additional factors that could cause actual results to differ materially from those in the forward-looking statements are included in the company`s filings with the Securities and Exchange Commission, specifically the company`s Form 10-K filed in March 2002 and the company`s latest Form 10-Q filed in August 2002. The company undertakes no obligation to update its forward-looking statements at any time or for any reason.

-0-

Sirenza Microdevices, Inc.
Condensed Consolidated Statements of Operations
(In thousands, except per-share data)
(Unaudited)

Three months ended Nine months ended
September 30, September 30,
2002 2001 2002 2001
-------- --------- -------- ---------

Net revenues $5,206 $3,188 $14,939 $16,343
Cost of revenues 2,401 7,468 6,022 15,084
-------- --------- -------- ---------
Gross profit (loss) 2,805 (4,280) 8,917 1,259

Operating expenses:
Research and development 1,889 3,116 4,945 7,619
Sales and marketing 1,244 1,365 3,675 4,419
General and administrative 1,241 1,111 3,622 3,340
Amortization of deferred stock
compensation 313 472 791 1,147
In-process research and
development 2,200 -- 2,200 --
Restructuring (112) -- (112) --
-------- --------- -------- ---------
Total operating expenses 6,775 6,064 15,121 16,525
-------- --------- -------- ---------

Loss from operations (3,970) (10,344) (6,204) (15,266)
Interest expense 13 26 48 99
Interest and other income, net 245 1,086 789 3,153
-------- --------- -------- ---------

Loss before taxes (3,738) (9,284) (5,463) (12,212)
Provision for income taxes -- 3,154 -- 2,276
-------- --------- -------- ---------

Net loss $(3,738) $(12,438) $(5,463) $(14,488)
======== ========= ======== =========

Net loss per share
Basic $(0.13) $(0.42) $(0.18) $(0.50)
======== ========= ======== =========
Diluted $(0.13) $(0.42) $(0.18) $(0.50)
======== ========= ======== =========

Shares used to compute net loss
per share
Basic 29,869 29,447 29,837 28,996
======== ========= ======== =========
Diluted 29,869 29,447 29,837 28,996
======== ========= ======== =========



Sirenza Microdevices, Inc.
Condensed Consolidated Statements of Operations
Reconciliation of Actual Results with Pro Forma Results
(In thousands, except per-share data)
(Unaudited)

The following table reconciles the company`s net loss as reported with
the pro forma information set forth in the news release. Items of
reconciliation include the effects of the amortization of deferred
stock compensation, the in-process research and development charge,
and the adjustment of previous restructuring charges. The calculation
of pro forma net loss per share is not prepared in accordance with
accounting principles generally accepted in the United States (GAAP).


Three Months Ended Nine Months Ended
September 30, September 30,
2002 2001 2002 2001
-------- --------- -------- ---------

Net loss as reported under GAAP $(3,738) $(12,438) $(5,463) $(14,488)

Amortization of deferred stock
compensation 313 472 791 1,147
In-process research and
development 2,200 -- 2,200 --
Restructuring (112) -- (112) --
Pro forma net loss $(1,337) $(11,966) $(2,584) $(13,341)
======== ========= ======== =========

Pro forma net loss per share
Basic $(0.04) $(0.41) $(0.09) $(0.46)
======== ========= ======== =========
Diluted $(0.04) $(0.41) $(0.09) $(0.46)
======== ========= ======== =========

Shares used to compute pro forma
net loss per share
Basic 29,869 29,447 29,837 28,996
======== ========= ======== =========
Diluted 29,869 29,447 29,837 28,996
======== ========= ======== =========



Sirenza Microdevices, Inc.
Condensed Consolidated Balance Sheets
(In thousands)

September December
29, 31,
2002 2001
----------- ---------
(unaudited) (audited)

Assets
Current assets:
Cash and cash equivalents $2,278 $15,208
Short-term investments 18,032 27,118
Accounts receivable 1,831 1,158
Inventories 2,248 1,894
Other current assets 1,056 1,062
----------- ---------
Total current assets 25,445 46,440
Property and equipment, net 7,073 7,285
Long-term investments 16,593 9,058
Investment in GCS(1) 7,500 --
Intangible and other assets 1,058 1,260
Goodwill 834 --
----------- ---------
Total assets $58,503 $64,043
=========== =========

Liabilities and stockholders` equity
Current liabilities:
Accounts payable $2,009 $1,464
Accrued expenses 2,184 1,745
Deferred margin on distributor inventory 2,035 3,631
Accrued restructuring 1,916 2,155
Capital lease obligations, current portion 593 634
----------- ---------
Total current liabilities 8,737 9,629
Total long-term liabilities 154 401

Stockholders` equity 49,612 54,013
----------- ---------
Total liabilities and stockholders` equity $58,503 $64,043
=========== =========

(1) Global Communication Semiconductors, Inc.



--------------------------------------------------------------------------------
Contact:
Sirenza Microdevices, Inc.
Robert Van Buskirk, 408/616-5497 (President and CEO)
[e-mail]
www.sirenza.com



--------------------------------------------------------------------------------
Source: Sirenza Microdevices, Inc.

[panik]

Sirenza Microdevices Reports Second-Quarter 2003 Results for Combined Company Following Acquisition of Vari-L Assets
Tuesday July 22, 4:01 pm ET


BROOMFIELD, Colo.--(BUSINESS WIRE)--July 22, 2003--Sirenza Microdevices, Inc. (Nasdaq:SMDI - News), a leading designer and supplier of high-performance radio frequency (RF) components for communications equipment manufacturers, today reported its financial results for the second quarter ended June 29, 2003. These were the first consolidated results reported for the combined company following Sirenza`s acquisition of substantially all of the assets of Vari-L Company, Inc. (OTCBB:VARL - News), effective May 5, 2003. All comparisons and ratios in this news release reflect the combined company`s consolidated results for the second quarter and first half of 2003 against Sirenza`s stand-alone results for prior periods.
Second-Quarter Financial Highlights for Combined Company

Sequential net revenue growth of 56%
Sequential factory direct sales growth of 93%
Gross margin of 46% under GAAP
Gross margin of 52%, excluding the effects of certain charges(1)
Net loss of $0.07 per share under GAAP
Net loss of $0.02 per share, excluding the effects of certain charges(1).
Sirenza`s second-quarter net revenues were $9.1 million, compared with $5.8 million for the first quarter of 2003 and with $4.9 million for the second quarter of 2002. Factory direct sales were 67% of net revenues, compared with 54% sequentially and 52% year-over-year.

The company`s second-quarter net loss as reported under accounting principles generally accepted in the United States (GAAP) was $2.2 million, or a loss of $0.07 per basic share. This included a charge of $146,000 for the amortization of deferred stock compensation and charges of $303,000 for the amortization of acquisition-related intangible assets, $434,000 for restructuring, and $661,000 for relocation and related expenses associated with the Vari-L acquisition and consolidation of the combined company`s headquarters and manufacturing operations in Broomfield, Colorado.

Sirenza`s second-quarter net loss under GAAP compared sequentially with a net loss of $1.3 million, or a loss of $0.04 per basic share, and year-over-year with a net loss of $973,000, or a loss of $0.03 per basic share. The first-quarter 2003 net loss included charges of $187,000 for the amortization of deferred stock compensation and $48,000 for the amortization of acquisition-related intangible assets. The second-quarter 2002 net loss included a charge of $239,000 for the amortization of deferred stock compensation.

Excluding the effects of the charges noted above, Sirenza`s management-adjusted net loss for the second quarter was $637,000, or a loss of $0.02 per basic share. This compared sequentially with a management-adjusted net loss of $1.0 million, or a loss of $0.03 per basic share, and year-over-year with a management-adjusted net loss of $734,000, or a loss of $0.02 per basic share, excluding the effects of the charges noted above.

"Second-quarter results for the combined company met our expectations, as we closed the acquisition of Vari-L and moved forward with the integration and consolidation of operations," said Robert Van Buskirk, president and chief executive officer of Sirenza Microdevices. "As part of this process, we realigned our sales channels to support the expansion of our product lines and the growth of our factory direct sales to major OEM accounts worldwide. We now look forward to realizing the full strategic and financial potential of this business combination in the second half of 2003 and beyond."

Sirenza`s second-quarter 2003 gross margin under GAAP was 46%, including charges totaling $512,000 for the amortization of deferred stock compensation and relocation and related expenses for manufacturing. This compared with 52% sequentially and with 59% a year earlier. Excluding the effects of the charges, management-adjusted gross margin for the second quarter of 2003 was 52%. In the aggregate, the company`s research and development, sales and marketing, and general and administrative expenses for the second quarter of 2003 were $5.7 million, compared with $4.2 million sequentially and with $3.9 million a year ago.

At June 29, 2003, Sirenza`s total assets were $57.7 million, including cash and cash equivalents, restricted cash, short-term investments, and long-term investments of $17.5 million. Unrestricted cash and investments totaled $16.2 million. During the second quarter, the company used $9.4 million in cash and investments. Of this amount, $5.2 million was used for the acquisition of Vari-L, $1.6 million was used for new facility leasehold improvements, furniture and equipment, and $2.8 million was used for operations.

For the six months ended June 29, 2003, Sirenza`s net revenues were $14.9 million, compared with $9.7 million for the same period a year earlier. Factory direct sales were 62% of net revenues, compared with 50% for the first half of 2002.

Sirenza`s net loss under GAAP for the six months ended June 29, 2003 was $3.5 million, or a loss of $0.11 per basic share. This included a charge of $333,000 for the amortization of deferred stock compensation and charges of $351,000 for the amortization of acquisition-related intangible assets, $434,000 for restructuring, and $661,000 for relocation and related expenses associated with the Vari-L acquisition and consolidation of the combined company`s headquarters and manufacturing operations in Broomfield, Colorado. The first-half net loss under GAAP compared year-over-year with a net loss of $1.7 million, or a loss of $0.06 per basic share, which included a charge of $478,000 for the amortization of deferred stock compensation.

Excluding the effects of the charges noted above, Sirenza`s management-adjusted net loss for the six months of 2003 was $1.7 million, or a loss of $0.05 per basic share. This compared with a management-adjusted net loss of $1.2 million, or a loss of $0.04 per basic share, for the year-earlier period, also excluding the effect of the charge noted above.

Use of Non-GAAP Financial Measures

In keeping with its historical financial reporting practices, Sirenza believes that the supplemental presentation of management-adjusted gross profit calculations excluding the effects of charges for the amortization of deferred stock compensation and relocation and related expenses and net loss calculations excluding the effects of charges for the amortization of deferred stock compensation, the amortization of acquisition-related intangible assets, restructuring, and relocation and related expenses provides meaningful non-GAAP financial measures to help investors understand and compare business trends among different reporting periods on a consistent basis, independently of regularly reported non-cash charges and infrequent or unusual events. Readers are cautioned not to view management-adjusted results as an alternative to GAAP results or as being comparable to results reported or forecasted by other companies, and should refer to the reconciliation of GAAP results with management-adjusted results for the second quarters and first halves of 2003 and 2002, respectively, and the first quarter of 2003 in the financial statements below.

Second-Quarter Teleconference and Webcast

Sirenza management plans to host a teleconference at 1:45 p.m. PT / 4:45 p.m. ET today to discuss the company`s second-quarter 2003 financial results, integration of Vari-L assets and operations, and current outlook for third-quarter and full-year 2003. This teleconference will be webcast live for the general public. For more information, please visit the Investor Relations page of Sirenza`s website at www.sirenza.com. The teleconference webcast will be archived on this site for one year, until July 22, 2004, and a telephonic replay will be available at [phone], conference ID number 1658430, for one week, until July 29, 2003.

Also available on the Investor Relations page of Sirenza`s website will be supplemental statistical information associated with the company`s second-quarter 2003 financial results, and additional information to support the reconciliation of estimates of management-adjusted financial results for third-quarter and full-year 2003, to be presented by the company in today`s teleconference.

Sirenza Microdevices, Inc.

Sirenza Microdevices, an ISO 9001:2000-certified manufacturer headquartered in Broomfield, Colo., is a leading supplier of high-performance RF components for the wireless and wireline telecommunications markets. The company`s product lines include amplifiers, power amplifiers, integrated power modules, discrete devices, RF signal processing components, signal source components, high-reliability components, fiber optic components, and high-performance multi-component modules (MCMs). Product information can be found on Sirenza`s website at www.sirenza.com.

Forward-Looking Statements

This news release contains forward-looking statements regarding future events or results, including Sirenza`s ability to realize the full strategic and financial potential of its business combination with Vari-L in the second half of 2003 and beyond. Sirenza cautions readers that such statements are, in fact, predictions that are subject to risks and uncertainties, and that actual events or results may differ materially. Factors that could cause actual events or results to differ materially include the ability to realize expected synergies with Vari-L and the related benefits envisioned by Sirenza; the ability to transition product sales volume worldwide to Sirenza`s new and existing sales channels in Europe, Asia and North America without adversely impacting operating results; and customers` further reductions of planned production volumes, further delays in the build-out of new wireless and wireline network infrastructure, delays in the implementation of next-generation equipment, decreased demand for products that contain RF components, lower than expected OEM demand for increasing levels of integration, and/or exertion of downward pressure on the pricing of Sirenza`s components. Each and all of these factors could be due to overall general economic or telecommunications market conditions, or conditions in the mobile and fixed wireless and wireline infrastructure markets, or otherwise. Additional factors include the possible underutilization of Sirenza`s manufacturing facilities, whether as a result of the factors described above or otherwise. Other factors that could cause actual events or results to differ materially from those in the forward-looking statements are included in Sirenza`s and Vari-L`s respective filings with the Securities and Exchange Commission (SEC), specifically, Sirenza`s Annual Report on Form 10-K filed on March 31, 2003 and Quarterly Report on Form 10-Q filed on May 14, 2003, and Vari-L`s Quarterly Report on Form 10-Q filed on May 6, 2003. Sirenza undertakes no obligation to update its forward-looking statements at any time or for any reason.

(1) Gross profit and net loss calculated to exclude certain charges are non-GAAP financial measures that exclude the effects of charges for the amortization of deferred stock compensation, the amortization of acquisition-related intangible assets, restructuring, and relocation and related expenses.
-0-

Sirenza Microdevices, Inc.
Condensed Consolidated Statements of Operations
(In thousands, except per-share data)
(Unaudited)

Three months Six months
ended ended
June 29, June 30, June 29, June 30,
2003 2002 2003 2002
-------- -------- -------- --------

Net revenues $ 9,058 $ 4,863 $14,857 $ 9,733
Cost of revenues:
Cost of product revenues 4,833 1,941 7,591 3,621
Amortization of deferred stock
compensation 23 31 46 62
-------- -------- -------- --------
Total cost of revenues 4,856 1,972 7,637 3,683
-------- -------- -------- --------
Gross profit 4,202 2,891 7,220 6,050

Operating expenses:
Research and development 2,163 1,394 3,872 3,056
Sales and marketing 1,726 1,298 2,982 2,431
General and administrative 1,789 1,226 3,025 2,381
Amortization of deferred stock
compensation 123 208 287 416
Amortization of acquisition-
related intangible assets 303 -- 351 --
Restructuring 434 -- 434 --
-------- -------- -------- --------
Total operating expenses 6,538 4,126 10,951 8,284
-------- -------- -------- --------

Loss from operations (2,336) (1,235) (3,731) (2,234)
Interest expense 10 15 23 35
Interest and other income, net 165 277 289 544
-------- -------- -------- --------

Loss before taxes (2,181) (973) (3,465) (1,725)
Provision for income taxes -- -- -- --
-------- -------- -------- --------

Net loss $(2,181) $ (973) $(3,465) $(1,725)
======== ======== ======== ========

Net loss per share
Basic $ (0.07) $ (0.03) $ (0.11) $ (0.06)
======== ======== ======== ========
Diluted $ (0.07) $ (0.03) $ (0.11) $ (0.06)
======== ======== ======== ========

Shares used to compute net loss
per share
Basic 32,119 29,862 31,063 29,821
======== ======== ======== ========
Diluted 32,119 29,862 31,063 29,821
======== ======== ======== ========



Sirenza Microdevices, Inc.
Reconciliation of GAAP Results with Management-Adjusted Results
(In thousands, except per-share data)
(Unaudited)

The following table reconciles the company`s gross profit and net
loss as reported under accounting principles generally accepted in the
United States (GAAP) with gross profit excluding the effects of
charges for the amortization of deferred stock compensation and
relocation and related expenses and net loss excluding the effects of
charges for the amortization of deferred stock compensation, the
amortization of acquisition-related intangible assets, restructuring,
and relocation and related expenses, as presented in the news release
and associated teleconference. These calculations of gross profit
excluding the effects of charges for the amortization of deferred
stock compensation and relocation and related expenses and net loss
excluding the effects of charges for the amortization of deferred
stock compensation, the amortization of acquisition-related intangible
assets, restructuring, and relocation and related expenses are not
prepared in accordance with GAAP and should not be viewed as
alternatives to GAAP. In keeping with its historical financial
reporting practices, the company believes that the supplemental
presentation of these calculations provides meaningful non-GAAP
financial measures to help investors understand and compare business
trends among different reporting periods on a consistent basis,
independently of regularly reported non-cash charges and infrequent or
unusual events.

Three Months Ended Six Months Ended
June 29, March 30, June 30, June 29, June 30,
2003 2003 2002 2003 2002
-------- --------- -------- -------- --------

Gross profit as reported
under GAAP $ 4,202 $ 3,018 $ 2,891 $ 7,220 $ 6,050

Amortization of deferred
stock compensation 23 23 31 46 62
Relocation and related
expenses 489 -- -- 489 --
Management-adjusted
gross profit $ 4,714 $ 3,041 $ 2,922 $ 7,755 $ 6,112

Net loss as reported
under GAAP $(2,181) $(1,284) $ (973) $(3,465) $(1,725)

Amortization of deferred
stock compensation 146 187 239 333 478
Amortization of
acquisition-related
intangible assets 303 48 -- 351 --
Restructuring 434 -- -- 434 --
Relocation and related
expenses 661 -- -- 661 --
-------- -------- -------- -------- --------
Management-adjusted net
loss $ (637) $(1,049) $ (734) $(1,686) $(1,247)
======== ======== ======== ======== ========
Management-adjusted net
loss per share
Basic $ (0.02) $ (0.03) $ (0.02) $ (0.05) $ (0.04)
======== ======== ======== ======== ========
Diluted $ (0.02) $ (0.03) $ (0.02) $ (0.05) $ (0.04)
======== ======== ======== ======== ========

Shares used to compute
management-adjusted net
loss per share
Basic 32,119 30,008 29,862 31,063 29,821
======== ======== ======== ======== ========
Diluted 32,119 30,008 29,862 31,063 29,821
======== ======== ======== ======== ========



Sirenza Microdevices, Inc.
Condensed Consolidated Balance Sheets
(In thousands)

June 29, Dec. 31,
2003 2002
----------- -----------
(unaudited) (audited)

Assets
Current assets:
Cash and cash equivalents $ 5,714 $12,874
Short-term investments 6,991 8,996
Accounts receivable 5,326 1,577
Inventories 6,642 2,719
Loans to Vari-L -- 3,417
Other current assets 2,289 1,184
---------- ----------
Total current assets 26,962 30,767
Property and equipment, net 10,758 6,686
Long-term investments 3,522 9,025
Investment in GCS 4,600 4,600
Acquisition-related intangible assets, net 6,392 722
Goodwill 4,158 737
Vari-L acquisition costs and other assets 1,345 1,427
---------- ----------
Total assets $57,737 $53,964
========== ==========

Liabilities and stockholders` equity
Current liabilities:
Accounts payable $ 5,564 $ 1,714
Accrued expenses 3,025 2,790
Deferred margin on distributor inventory 589 2,028
Accrued restructuring 1,455 1,853
Capital lease obligations, current portion 222 459
---------- ----------
Total current liabilities 10,855 8,844
Total long-term liabilities 89 143

Stockholders` equity 46,793 44,977
---------- ----------
Total liabilities and stockholders` equity $57,737 $53,964
========== ==========



--------------------------------------------------------------------------------
Contact:
Sirenza Microdevices, Inc.
Robert Van Buskirk, 408/616-5497 (President and CEO)
[e-mail]



--------------------------------------------------------------------------------
Source: Sirenza Microdevices, Inc.