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Ramtron Provides 2010 Guidance

COLORADO SPRINGS, Colo. — U.S. semiconductor maker Ramtron International Corporation (Nasdaq: RMTR), a leading developer and supplier of ferroelectric-based low-power memory and integrated semiconductor products, today provided an update of its foundry transition and guidance for full-year 2010 revenue and GAAP net income.

“During the fourth quarter, we continued to advance the IBM foundry transition for select low density products. Because product qualification testing is not yet complete, we now expect the IBM line to come on stream by the middle of this year after which we will begin running production devices to ship to customers for their qualification,” said Bill Staunton, Ramtron’s CEO. “As mentioned in our third quarter earnings report, the high demand for our products ahead of our foundry transition timetable has put a strain on our capacity. To stay on top of order fulfillment, we have designed and are now sampling and shipping replacement products to be sourced by supplementary products sourced at Texas Instruments and IBM.”

Based on a review of Ramtron’s preliminary results, management now expects full year 2010 total revenue and GAAP net income to be at the low end of the guidance ranges previously provided in the company’s third quarter earnings release.

{complink 12930|Ramtron International Corp.}

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