It looks like Sigmatel (makes chips for flash MP3 players) beat revenue estimates by about 25%.
SigmaTel Refutes Digitimes Article
Monday April 18, 10:03 am ET
AUSTIN, Texas--(BUSINESS WIRE)--April 18, 2005--SigmaTel, Inc. (NASDAQ:SGTL - News), a leader in analog-intensive mixed-signal integrated circuits, today responded to an article published earlier today by Digitimes.com out of Taipei, Taiwan where the company's Chief Executive Officer, Ron Edgerton, was misquoted several times throughout.
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The article is in a Question and Answer format and has Mr. Edgerton quoted as announcing the Company's first quarter revenues, first quarter gross margin and second quarter trend information. All of the above information attributed to Mr. Edgerton is erroneous. The article goes on to attribute Mr. Edgerton as saying that the Company is shipping product into Apple Computers hard-drive based iPod players. This quote is also erroneous.
"I have not, prior to this press release, provided information to any media source -- including those in Asia -- regarding our first quarter operating results," said Mr. Edgerton.
The company will announce its first quarter financial results as scheduled on Tuesday April, 19, 2005 after the market closes. The Company's revenues for the first quarter of 2005 were $99.3 million with gross margins just over 57%. |
