To me these 2 mistakes are unintentional errors.

(1) loss in Lehman Brothers investment: $414,000 .
EPS = 0.414/ 25.31 = $0.016.
Q1 2009 EPS will be adjusted down $0.016.

(2) Error from changing ERP software( enterprise resource planning): that is understandable. This mistake is quite common when a company switching from one ERP to a new ERP software.

The additional cost is $772,000..
EPS = 0.772/ 25.31 = $0.031.
Q2 2009 EPS will be adjusted down $0.031.

News from PSEM:

To date, Pericom has identified two errors in the course of this review, but continues to examine other accounting issues that may or may not require further accounting adjustments. These two errors are:



�
-- For 2009 Q1, Pericom did not record a decline in value of $414,000 on
its income statement relating to an obligation owed by Lehman Brothers
Holdings after Lehman filed for bankruptcy on September 15, 2008.
Pericom's internal accounting review failed to conclude that this
impairment was other-than-temporary and to include this impairment in the
income statement for 2009 Q1.

-- For 2009 Q2, in connection with the conversion of Pericom's enterprise
resource planning software, there was an inadvertent misclassification of
cost data. This misclassification led to an understatement of cost of
goods sold by $772,000. This error was not quantified or identified until
balance sheet reconciliations with subledgers became available and were
completed after 2009 Q3 results were reported.


Pericom intends to file restated financial statements for 2009 Q1, Q2, and Q3 as soon as practicable to correct the errors identified to date. Various financial information is affected by these errors and will be corrected. Pericom will file a Form 8-K stating that the financial information for those periods included in Forms 10-Q filed, and press releases issued, prior to the date of this press release should not be relied upon. Pericom's management and the audit committee of its board of directors have discussed these matters with the company's independent accounting firm.