855658--3/15/2006--LATTICE_SEMICONDUCTOR

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{customer, product, revenue}

{stock, price, operating}

{product, candidate, development}

{personnel, key, retain}

{product, market, service}

{competitive, industry, competition}

{financial, litigation, operation}

{property, intellectual, protect}

{cost, operation, labor}

{operation, international, foreign}

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We may be unsuccessful in defining, developing or selling the new FPGA products required to maintain or expand our business. Our products may not be competitive if we are unsuccessful in migrating our manufacturing processes to more advanced technologies or alternative fabrication facilities. A downturn in the communications equipment end market or computing end market could cause a reduction in demand for our products and limit our ability to maintain revenue levels and operating results. The cyclical nature of the semiconductor industry may limit our ability to maintain revenue levels and operating results during industry downturns. The potential impact of customer design-in activity on future revenue is inherently uncertain because it is unknown whether any particular customer design-in will ultimately result in sales of a significant volume, and, if a particular customer design-in does result in such sales, when such sales will ultimately occur and the amount of such sales. Our wafer supply could be interrupted or reduced, which may result in a shortage of products available for sale. If our foundry partners experience quality or yield problems, we may face a shortage of products available for sale. Our supply of assembled and tested products could be interrupted or reduced, which may result in a shortage of products available for sale. If our assembly and test supply contractors experience quality or yield problems, we may face a shortage of products available for sale. Conditions in Asia may disrupt our existing supply arrangements and result in a shortage of finished products available for sale. Export sales account for the majority of our revenues and may decline in the future due to economic and governmental uncertainties. Our future quarterly operating results may fluctuate and therefore may fail to meet expectations. We may have failed to adequately insure against certain risks, and, as a result, our financial condition and results may be adversely affected. We may not realize the expected benefits of our corporate restructuring, which may adversely affect our financial conditions and operating results. We face risks related to pending litigation and an ongoing informal inquiry by the Securities and Exchange Commission. If we are unable to effectively and efficiently implement our plan to improve our internal controls there could be a material adverse effect on our operations or financial results. Changes in accounting for equity compensation will adversely affect our consolidated statement of operations and could adversely affect our ability to attract and retain employees. Our stock price may continue to experience large fluctuations. We may not be able to successfully compete in the highly competitive semiconductor industry. We may fail to retain or attract the specialized technical and management personnel required to successfully operate our business. If we are unable to adequately protect our intellectual property rights, our financial results and competitive position may suffer. Our marketable securities, which we hold for strategic reasons, are subject to equity price risk and their value may fluctuate.

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855658--3/15/2006--LATTICE_SEMICONDUCTOR_CORP