Komag Provides Updated Second Quarter 2007 Business Outlook
29 6월 2007 - 6:16AM
PR Newswire (US)
SAN JOSE, Calif., June 28 /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) The Company
currently expects revenue for the second quarter of 2007 to be down
at least 30% as compared to the first quarter of 2007. Due to the
significant reduction in revenue, the Company also expects to incur
a substantial operating loss in the second quarter of 2007. 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, operating results and
projected operating loss for the second quarter of 2007. 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: Investors and Press, Kathy Bayless, Chief Financial
Officer of Komag, Incorporated, +1-408-576-2000, Web site:
http://www.komag.com/
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