855658--3/9/2007--LATTICE_SEMICONDUCTOR

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{customer, product, revenue}

{stock, price, operating}

{product, candidate, development}

{property, intellectual, protect}

{personnel, key, retain}

{product, market, service}

{competitive, industry, competition}

{control, financial, internal}

{operation, international, foreign}

{condition, economic, financial}

{operation, natural, condition}

{regulation, change, law}

{financial, litigation, operation}

The cyclical nature of the semiconductor industry may limit our ability to maintain revenue levels and operating results during industry downturns. 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. We may be unsuccessful in defining, developing or selling the new FPGA products required to maintain or expand our business. The potential impact of customer design-in activity on future revenue is inherently uncertain and could impact our ability to manage production or our ability to forecast sales. Our products may not be competitive if we are unsuccessful in migrating our manufacturing processes to more advanced technologies or alternative fabrication facilities. 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. Product quality problems could lead to reduced revenue, gross margins, and net income. 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 revenue and may decline in the future due to economic and governmental uncertainties. 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. We may have failed to adequately insure against certain risks, and, as a result, our financial condition and results may be adversely affected. 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. If we are unable to effectively and efficiently improve our internal controls in response to changing business, accounting and regulatory factors there could be a material adverse effect on our operations or financial results. If we are unable to adequately protect our intellectual property rights, our financial results and competitive position may suffer. We face risks related to litigation. Our future quarterly operating results may fluctuate and therefore may fail to meet expectations. Our stock price may continue to experience large fluctuations.

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855658--3/9/2007--LATTICE_SEMICONDUCTOR_CORP