Correction: Elpida Memory's Revision of Its FY 2005 Consolidated Business Results Forecast
TOKYO, JAPAN, April 19, 2006 - Elpida Memory, Inc. today announced a correction of its April 18, 2006 press release entitled "Elpida Memory Revises FY2005 Consolidated Business Results Forecast". The original and corrected statements appear below.
2. Reasons for the Revision (Statement in April 18 press release)
Full-term net sales are now projected to improve by about JPY35 billion year on year, which is within the range mentioned in our January 24 forecast. Regarding the 4Q, a jump in volume production made possible by a smooth October start-up of mass production at the 300mm Area 2 fab and an increase in the volume of products purchased from our overseas foundry partner enabled a substantially higher bit growth rate of 63% for the quarter. Therefore, we now anticipate record net sales of about JPY77.5 billion in the 4Q, up 31% quarter on quarter (QoQ).
2. Reasons for the Revision (Corrected statement; changes are underlined)
Full-term net sales are now projected to improve by about JPY34.5 billion year on year, which is within the range mentioned in our January 24 forecast. Regarding the 4Q, a jump in volume production made possible by a smooth October start-up of mass production at the 300mm Area 2 fab and an increase in the volume of products purchased from our overseas foundry partner enabled a substantially higher bit growth rate of 63% for the quarter. Therefore, we now anticipate record net sales of about JPY77.0 billion in the 4Q, up 30% quarter on quarter (QoQ).
About Elpida Memory, Inc.
Elpida Memory, Inc. is a manufacturer of Dynamic Random Access Memory (DRAM) silicon chips with headquarters based in Tokyo, Japan, and sales and marketing operations located in Japan, North America, Europe and Asia. Elpida's state-of-the-art semiconductor wafer manufacturing facilities are located in Hiroshima, Japan. Elpida offers a broad range of leading-edge DRAM products for high-end servers, mobile phones, digital television sets and digital cameras as well as personal computers.
Information in this news release is current as of the timing of the release, but may be revised later without notice.