Komag Updates Second Quarter 2007 Business Outlook
24 5월 2007 - 10:25PM
PR Newswire (US)
SAN JOSE, Calif., May 24 /PRNewswire-FirstCall/ -- Komag,
Incorporated (NASDAQ:KOMG), a leading independent supplier of
thin-film media for disk drives, is updating its business outlook
for the second quarter of 2007. (Logo:
http://www.newscom.com/cgi-bin/prnh/19990816/KOMGLOGO) Current
indications for the second quarter 2007 are that revenue and
operating results will likely be lower than previously expected.
Market pressures have negatively affected both unit volumes and
average selling prices. In addition, the transition to
Perpendicular Magnetic Recording (PMR) media, new product
qualifications, the continued high costs of precious metals, and
lower factory utilization will result in significantly reduced
operating results. Due to the uncertain market conditions, the
Company does not currently expect to provide additional updates
during the quarter. About Komag Founded in 1983, Komag is a leading
independent supplier of thin-film disks, the primary high-capacity
storage medium for digital data. Komag leverages the combination of
its world-class U.S. research and development center and Malaysian
manufacturing operations to produce disks that meet the
high-volume, stringent quality, low cost and demanding technology
needs of its customers. By enabling rapidly improving storage
density at ever-lower cost per gigabyte, Komag seeks to create
extraordinary value for consumers of computers, enterprise storage
systems and electronic appliances such as digital video recorders,
game boxes and consumer electronic storage systems. For more
information about Komag, visit Komag's Internet home page at
http://www.komag.com/. The Investors section of the website
provides a variety of financial and investor information, including
an investor presentation. To request an investor packet, call
Komag's Investor Relations at 408-576-2901. Forward-Looking
Statements This press release contains certain "forward-looking"
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended, and are subject to the safe harbors created
thereby. These statements represent the Company's current judgment
and include, but are not limited to, the expectations regarding the
Company's revenue and operating results. The Company's actual
results for future periods could differ materially from those
projected in such forward-looking statements. Factors that could
cause actual results to differ include, but are not limited to, the
Company's ability to achieve operating yield, cost and
profitability targets, adverse changes in the currency exchange
rate for the Malaysian ringgit, continued customer demand and the
impact of demand variation on factory utilization, the performance
by the Company and customers of their obligations under the
respective increased capacity arrangements, changes in demand,
changes in the price and availability of raw materials (including
ruthenium which has experienced significant price increases),
variability in demand and associated impact on average selling
price of disks, the Company's ability to satisfy customer
qualification requirements and meet shipping demands, and the
Company's ability to produce new generation disks in volume and the
other factors described in the Company's reports filed with the
Securities and Exchange Commission, including, but not limited to,
our most recent Annual Report on Form 10-K and Quarterly Reports on
Form 10-Q. Komag undertakes no obligation to update forward-looking
statements to reflect events or circumstances occurring after the
date of such statements.
http://www.newscom.com/cgi-bin/prnh/19990816/KOMGLOGO
http://photoarchive.ap.org/ DATASOURCE: Komag, Incorporated
CONTACT: Kathy Bayless, Chief Financial Officer of Komag,
Incorporated, +1-408-576-2000, Web site: http://www.komag.com/
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