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Technology Stocks : KOMG

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From: JakeStraw7/27/2005 7:58:07 AM
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Komag second-quarter net income rise beats forecasts
By Sarah Turner

LONDON (MarketWatch) -- Komag Incorporated (KOMG) said that second-quarter net income rose to $29.9 million, or 93 cents a share, from $27.5 million, or 28 cents a share, a year ago. Analysts had been expecting earnings of 82 cents a share. Sales rose to $172.7 million, from $101.1 million a year ago, after the supplier of thin-film disks said it experienced extremely strong demand from all of its major customers. Disk shipments were 27.6 million units in the second quarter, up from 22.2 million units. The company said that overall demand remains very strong and it expects third-quarter revenue to be similar to the prior quarter, while net margin is currently expected to be around 16%.
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