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8:07AM O2Micro reports revenue fell 1% to $32.0 mln from $33.7 mln, Capital IQ consensus $31.2 mln; net income $0.04, compared to Capital IQ consensus of $0.04 (OIIM) 3.99 : The company ended the third quarter of 2011 with $119.1 million in unrestricted cash and short-term investments or $3.60 per outstanding ADS. The accounts receivable balance was $14.0 million and represented 41 days sales outstanding at the end of Q3 2011. Inventory was $9.3 million or 66 days and turned over 5.5 times during Q3 2011. As of September 30, 2011, the company had $130.8 million in working capital and the book value was $185.4 million, or $5.60 per outstanding ADS.