Sigmatel (NASDAQ:SGTL)
Historical Stock Chart
From Aug 2019 to Aug 2024
![Click Here for more Sigmatel Charts. Click Here for more Sigmatel Charts.](/p.php?pid=staticchart&s=N%5ESGTL&p=8&t=15)
SigmaTel, Inc. (NASDAQ: SGTL) today announced that it is revising its
financial outlook for the second quarter of fiscal year 2007, which
ended on June 30, 2007. SigmaTel now expects that revenue for the second
quarter will be in the range of $30 to $31 million, higher than the
previously announced revenue range of $24-$28 million.
“We attribute our higher than forecast revenue
to sales improvement across the board and improved execution throughout
the company,” said Phil Pompa, CEO of
SigmaTel. “We believe we have strong momentum
going into the third quarter and are looking forward to sharing more
good news during our second quarter conference call.”
SigmaTel will discuss its second quarter financial results as well as
the outlook for the third quarter of fiscal 2007 in a conference call
whose date and time will be announced later this week.
For more information on SigmaTel, please visit www.sigmatel.com.
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, such
as SigmaTel’s ability to properly execute on
its expense controls and cost cutting measures, SigmaTel’s
ability to strengthen its revenues through its more narrowly focused
product offerings, as well as future events 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.