SigmaTel Revises Revenue Outlook for the Second Quarter
SigmaTel, Inc. (NASDAQ: SGTL) today announced that it is revising its financial outlook for the second quarter of fiscal year 2007, which ended on June 30, 2007. SigmaTel now expects that revenue for the second quarter will be in the range of $30 to $31 million, higher than the previously announced revenue range of $24-$28 million.
“We attribute our higher than forecast revenue to sales improvement across the board and improved execution throughout the company,” said Phil Pompa, CEO of SigmaTel. “We believe we have strong momentum going into the third quarter and are looking forward to sharing more good news during our second quarter conference call.”
SigmaTel will discuss its second quarter financial results as well as the outlook for the third quarter of fiscal 2007 in a conference call whose date and time will be announced later this week.
For more information on SigmaTel, please visit www.sigmatel.com.
About SigmaTel: SigmaTel is a fabless semiconductor company which designs, develops, and markets mixed-signal ICs for the consumer electronics market. The Company’s target market segments include portable media players, printers and digital televisions. SigmaTel provides complete, system-level solutions that include highly-integrated ICs, customizable firmware and software, software development tools and reference designs. The Company's focus is on enabling customers to rapidly introduce and offer electronic products that are small, light-weight, power-efficient, reliable, and cost-effective. SigmaTel is ISO 9001:2000 certified and is committed to providing customers with high performance, quality products along with superior, worldwide customer service.
Cautionary Language: This press release contains forward-looking statements based on current SigmaTel expectations. The words "expect," "will," "should," "would," "anticipate," "project," "outlook," "believe," "intend," and similar phrases as they relate to SigmaTel or future events are intended to identify such forward-looking statements. These forward-looking statements reflect the current views and assumptions of SigmaTel, but are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. A number of important factors could cause actual results to differ materially from those in the forward-looking statements, such as SigmaTel’s ability to properly execute on its expense controls and cost cutting measures, SigmaTel’s ability to strengthen its revenues through its more narrowly focused product offerings, as well as future events that SigmaTel is not able to accurately predict or control. For a more detailed discussion of factors that could impact SigmaTel's financial results and cause actual results to differ materially from those in the forward-looking statements, please refer to recent SigmaTel filings with the SEC, particularly the Form 10-K that was filed on March 16, 2007, and the Form 10-Q that was filed on May 10, 2007.
SigmaTel, Inc.
Martha Aviles, 512-744-9968
Corporate Communications
maviles@sigmatel.com
Source: Business Wire (July 9, 2007 - 8:37 AM EDT)
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