(Auszug aus der Pressemitteilung)
Milpitas, Calif., April 26 – Maxtor Corporation (NYSE: MXO) today announced its financial results for the first quarter ended April 1, 2006. Revenue for the first quarter was $881.0 million. The Company reported a net loss of $102.1 million, or $(0.40) per share. Revenue in the first quarter of 2005 totaled $1,069.6 million. The Company reported a net loss of $20.2 million, or $(0.08) per share, for the first quarter of 2005.
„As we announced in our update on April 4th, our first quarter financial results reflect a number of factors related to our pending acquisition by Seagate Technology,“ said Dr. C.S. Park, chairman and chief executive officer of Maxtor. „We did not achieve the unit volume growth of our desktop drives that we expected during the quarter, reflecting customer concerns related to the possible impact of the pending acquisition. We also experienced marginal merger-related desktop market share losses. The reduced volume put additional pressure on our cost structure and further constrained our ability to compete, especially in the lower-priced, lower-capacity desktop drive market. In addition, we were unable to realize expected component cost improvements in the first quarter, due to the uncertainty around future product plans relative to the pending Seagate merger transaction.“
Drive shipments totaled 12.1 million in the first quarter of 2006 compared with 13.6 million in the fourth quarter of 2005. The Company shipped 973,000 SCSI drives in the first quarter of 2006. Drives sold to consumer electronics customers totaled 1.2 million in the 2006 first quarter.
The average selling price increased to $73 in the first quarter of 2006 compared with $71 in the fourth quarter of 2005, reflecting an improved product mix. The lower production volume, along with component pricing pressures, resulted in a gross profit margin of 2.5% in the first quarter of 2006 compared with 9.3% in the fourth quarter of 2005.