Lexar Media (NASDAQ:LEXR)
Historical Stock Chart
From Jun 2019 to Jun 2024
![Click Here for more Lexar Media Charts. Click Here for more Lexar Media Charts.](/p.php?pid=staticchart&s=N%5ELEXR&p=8&t=15)
Lexar Media, Inc. (Nasdaq:LEXR), a leading manufacturer
and marketer of high-performance digital media and accessories, today
announced that it expects to report revenue in the range of $100
million to $130 million, and a net loss in the range of $22 million to
$30 million, for the quarter ending March 31, 2006. Lexar currently
anticipates reporting its actual results for the quarter on April 27,
2006.
In light of the Company's pending merger with Micron, the Company
does not intend to host an earnings conference call when it releases
its actual first quarter results.
About Lexar Media, Inc.
Lexar is a leading marketer and manufacturer of NAND flash memory
products including memory cards, USB flash drives, card readers and
ATA controller technology for the digital photography, consumer
electronics, industrial and communications markets. The Company holds
over 96 issued or allowed controller and system patents, and licenses
its technology to companies including Olympus Corporation, Samsung
Electronics Co., Ltd., SanDisk Corporation and Sony Corporation. Lexar
sells its memory cards worldwide and through an exclusive agreement,
also sells memory cards under the Kodak(R) brand. Headquartered in
Fremont, California, Lexar has operations in countries around the
world. More information is available at www.lexar.com.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking information within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934 and is subject to the safe
harbor created by those sections. These forward-looking statements
include statements related to projections about our anticipated
financial results for the first quarter of fiscal. These
forward-looking statements involve a number of risks and uncertainties
that could cause actual results to differ materially from those
anticipated by these forward-looking statements. These risks include:
competitive pricing pressures, our operating results and gross margins
are difficult to predict and may fluctuate significantly; our
customers or suppliers may not react positively to Micron's proposed
acquisition of us; the cost of flash memory is a significant part of
our products' cost structure, and if we are unable to obtain
sufficient quantities of flash memory in a timely manner and at
competitive prices, we may not be able to manufacture and deliver
products to satisfy our customers' requirements, compete effectively
in the market or maintain our targeted gross margins or market share;
future average selling prices may continue to erode due to excess
industry capacity and extreme price competition which may impact our
margins and our ability to maintain our position at our retail
accounts; many of our retail customers and distributors have price
protection which could require us to make large payments if we reduce
prices; if we are unable to manage our inventory levels, our operating
results will be negatively impacted; if we are unable to anticipate
demand and pricing of our products or effectively manage distributor
channels and relationships and changes in market conditions, our
operating results will be harmed; our licensing revenues may fluctuate
significantly as the payments from our recent agreement with Samsung
will be made over a short period of time and we may be unable to
secure new license or royalty revenue; increased competition in the
digital media market may lead to a decrease in our revenues and market
share; if we are unable to achieve or maintain our technology
leadership position or to obtain rights to develop and manufacture new
form factors on acceptable terms, our gross margins and revenues would
likely decline significantly; and we are involved in litigation, and
may become involved in additional litigation, the outlook of which is
highly uncertain, that could divert management's time and attention,
be time-consuming and expensive to defend and limit our access to
important technology. Readers should also refer to the risk factors
described in our filings with the Securities and Exchange Commission,
including our Annual Report on Form 10-K for our fiscal year ended
December 31, 2005, filed with the Securities and Exchange Commission
on March 16, 2006. We assume no obligation to update the
forward-looking information contained in this news release.
Lexar and the Lexar logo are trademarks of Lexar Media, Inc. All
other brand or product names are trademarks or registered trademarks
of their respective holders.