Summary of CALIFORNIA MICRO DEVICES CORP

Item 7.01 Regulation FD Disclosure

On January 5, 2009, Registrant's Chairman of the Board sent the letter attached as Exhibit 99.1 to Dialectic Capital Management, LLC ("Dialectic") in response to the letter attached as Exhibit C to the Schedule 13-D filed by Dialectic on December 31, 2008.

All statements contained in Exhibit 99.1 to this Form 8-K that are not historical facts are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are not guarantees of future performance or events. Rather, they are based on current expectations, estimates, beliefs, assumptions, and goals and objectives and are subject to uncertainties that are difficult to predict. As a result, the Company's actual results may differ materially from the statements made. Often such statements can be identified by their use of words such as may, will, intends, plans, believes, anticipates, visualizes, expects, and estimates. Examples of forward-looking statements in this Exhibit 99.1 include the Company's beliefs that (1) its investment in new product R&D is crucial to the Company's future success, (2) its strong cash position gives the Company a competitive edge over those of its competitors who are or soon will be experiencing liquidity issues, (3) the Company has solid plans for growth, driven by new products under development and potentially by acquisition of synergistic product lines or companies, (4) it is not in its stockholders' interest to explore a sale of the Company when the stock market and its stock price is at close to its low point over the past several years and when the Company has solid plans for growth, (5) the Company is in a strong position to accomplish its growth and other goals, in part because of the cash it has been able to accumulate from its operations over the past four years, and (6) that distributing cash to stockholders now would impair the company's ability to achieve its goals. These and other forward-looking statements in Exhibit 99.1 to this Form 8-K are based upon our assumptions about and assessment of the future, which may or may not prove true, and involve a number of risks and uncertainties including, but not limited to whether the Company's R&D program investment yields products with substantial associated customer demand; whether significant competitors of the Company are or will be experiencing liquidity issues; whether the Company is able to locate synergistic companies or product lines to acquire at attractive prices and whether the Company is able to successfully integrate any acquisition it makes; whether the Company is able to grow organically or through acquisition; and whether the Company's stock price will increase in the future as well as the risk factors detailed in the Company's Form 8-K, 10-K, and 10-Q filings with the Securities and Exchange Commission. Due to these and other risks, future actual results could differ materially from the Company's expectations. These forward-looking statements speak only as to the date of this Form 8-K, and, except as required by law, the Company undertakes no obligation to publicly release updates or revisions to these statements whether as a result of new information, future events, or otherwise.

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The information in this Current Report is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act"), or otherwise subject to the liabilities of that Section. The information in this Current Report shall not be incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.