To: JLS who wrote (14127 ) 9/15/2000 11:03:24 AM From: Frederick Langford Respond to of 49816 Merix Corporation Expects to Exceed First Quarter Estimates Business Editors FOREST GROVE, Ore.--(BUSINESS WIRE)--July 31, 2000--Based on strong results through July, Merix Corporation (Nasdaq:MERX) expects to report sales for its first quarter ending August 26, 2000 in the range of $50 to $51 million and earnings that are significantly higher than initially expected. Merix also announced today a three-for-two stock split in the form of a stock dividend which will be payable on August 25, 2000. Including the impact of these additional shares from the stock split, Merix expects that earnings for its first quarter will be in the range of $.44 to $.46 per diluted share. Excluding the impact of the stock split, first quarter earnings would be in the range of $.66 to $.69 per diluted share. "Our higher levels of sales and earnings are being driven primarily by a favorable product mix, which includes record levels of premium and prototype orders and new customer programs," stated Mark Hollinger, CEO and President. "We continue to see exceptionally strong demand for complex, high performance printed circuit boards. Our book-to-bill ratio remains well in excess of 1:1 and we already have a strong backlog for the second quarter. For the remainder of our fiscal year 2001, we anticipate modest sequential increases in both sales and earnings." Merix Corporation will report final financial results for its first quarter ending August 26, 2000 on Tuesday, September 19, 2000. Merix is a leading manufacturer of technologically advanced, multilayer, rigid printed circuit boards for use in sophisticated electronic equipment. Merix provides high-performance materials, quick-turn prototype, pre-production and volume board production to its customers. Principal markets served by Merix include data communications and wireless telecommunications, high-end computing (workstations, servers, and storage), and test and measurement segments of the electronics industry. Additional corporate information is available via Fax-On-Demand at 800/525-5769 or on the internet at www.merix.com. Forward-looking statements in this release relating to the Company's prospects are made pursuant to the safe harbor provisions of the federal securities laws. Information contained in forward-looking statements is based on current expectations and is subject to change, and actual results may differ materially from the forward-looking statements. Many factors, including the following, could cause actual results to differ materially from the forward-looking statements: customer order levels, mix, and inventory build-up; ability to expand capacity, improve mix management and increase productivity; pricing and other competitive pressures in the industry; ability to continue reducing costs; and other risks listed from time to time in the Company's filings with the Securities and Exchange Commission or otherwise disclosed by the Company, including those set forth in the Company's Annual Report on Form 10-K for the year ended May 29, 1999 and in the Company's Registration Statement (No. 333-32616) filed under the Securities Act of 1933. --30--DS/se* CONTACT: Merix Corporation Janie Brown, 503/359-2653 News-On-Demand, 800/525-5769 KEYWORD: OREGON INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS HARDWARE MANUFACTURING TELECOMMUNICATIONS EARNINGS Today's News On The Net - Business Wire's full file on the Internet