SigmaTel Clarifies Reuters Article
07 Junio 2007 - 10:44PM
Business Wire
SigmaTel, Inc. (NASDAQ: SGTL), today responded to a June 7, 2007
article published by Reuters out of Tapei, Taiwan, in which
SigmeTel�s Chief Executive Officer, Phil Pompa, was quoted as
stating that it is SigmaTel�s aim to achieve break-even operating
results by the end of 2007. During an interview with Reuters at
CompuTex, another SigmaTel official disclosed an internal operating
goal of SigmaTel to be break even on a cash flow basis by the end
of 2007. While this particular goal falls within a range of
financial results being contemplated by SigmaTel�s management for
2007, it should not be construed or relied upon as guidance by
SigmaTel or its management for SigmaTel�s 2007 operating results.
Due to the inherent risks and uncertainties associated with
SigmaTel�s business and the semiconductor industry in general, it
is SigmaTel�s policy to only provide guidance for the following
quarter, and it was not the intent of SigmaTel�s management to set
a specific timeline for its return to profitability. �SigmaTel
remains committed to the cost cutting measures it has previously
announced, which will continue to occur into the third quarter of
2007, and to its goal of returning to profitability in a prudent
and timely manner,� said Mr. Pompa, �However, neither SigmaTel nor
its management is currently providing any guidance or forecast that
the company will return to operating profitability by the end of
2007.� 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, and there will be
events in the future 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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