SigmaTel Revises Revenue Outlook for the Second Quarter
July 09 2007 - 7:30AM
Business Wire
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.
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