Komag and Seagate Reaffirm Relationship25 December 2005
Komag, Incorporated (Nasdaq: KOMG) and Seagate Technology have reaffirmed their relationship. Seagate had earlier today announced that they have entered into a definitive agreement with Maxtor under which Seagate will acquire Maxtor in a stock transaction. Both Seagate and Maxtor are customers of Komag.
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"Komag is a key strategic media supplier to both Seagate and Maxtor," said Bill Watkins, Seagate CEO. "We have an excellent relationship with Komag and once the announced agreement with Maxtor is completed we expect that Komag will continue to be a strategic supplier to Seagate."
"Both Seagate and Maxtor are key customers of Komag," said T.H. Tan, Komag CEO. "We look forward to continuing to work very closely with Seagate to help support the media needs of an even larger more successful Seagate."
About Komag
Founded in 1983, Komag is a leading independent supplier of thin-film disks, the primary high-capacity storage medium for digital data. Komag leverages the combination of its world-class U.S. research and development center and Malaysian manufacturing operations to produce disks that meet the high-volume, stringent quality, low cost and demanding technology needs of its customers. By enabling rapidly improving storage density at ever-lower cost per gigabyte, Komag seeks to create extraordinary value for consumers of computers, enterprise storage systems and electronic appliances such as digital video recorders, game boxes and consumer electronic storage systems.
For more information about Komag, visit Komag's Internet home page at http://www.komag.com . The Investors section of the website provides a variety of financial and investor information, including an investor presentation. To request an investor packet, call Komag's Investor Relations at 408-576-2901.
Forward-Looking Statements
This press release contains certain "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbors created thereby. These statements include expectations regarding the future relationship of Seagate and Komag, and anticipated growth. The actual results for future periods could differ materially from those projected in such forward-looking statements. Factors that could cause actual results to differ include, but are not limited to, continued customer demand and the impact of demand variation on factory utilization, variability in demand and association impact on average selling price of products, the ability to satisfy customer qualification requirements and meet shipping demands, the ability to produce new generation products in volume and other factors described in the reports filed with Securities and Exchange Commission, including, but not limited to, Komag's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Komag undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of such statements.
Source: prnewswire
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