Roxio's First Quarter Results to Exceed Expectations
Milpitas, Calif, July 23, 2001 - Roxio, Inc., the Digital Media Company (Nasdaq: ROXI), today announced that it expects to report strong first quarter results that exceed revenue and pro forma EPS expectations. On its year-end conference call on May 16, 2001, the Company provided guidance for revenues of $35 million and pro forma EPS of $0.26 for the first quarter.
"Despite the challenges currently affecting the environment for PC and software sales, powerful consumer demand for Roxio's CD recording products has continued to propel our growth and profitability. We will release details this Wednesday of a very strong first quarter for Roxio in which we will exceed our previous guidance," commented Chris Gorog, Roxio's President and Chief Executive Officer.
Roxio will host a conference call following the release of its first quarter results on Wednesday, July 25, at 1:30 p.m. PT (4:30 p.m. ET). To participate on the live call, analysts and investors should dial 888-209-3786 (212-271-4775 international) at least ten minutes prior to the call. The Company will also offer a live webcast of the conference call, accessible from the "Investor Relations" section of the Company's Web site (http://investor.roxio.com). The webcast will be archived for a period of 45 days. A telephonic replay of the conference call will also be available for 48 hours by dialing 800-633-8284 (858-812-6440 international) and entering the passcode: 19336440.
Roxio, a division of Sonic Solutions, develops and markets the best-selling digital media software in the world. Roxio offers
award-winning software products for CD/DVD burning, photo editing and video editing and has an installed base of over 150 million
users. Roxio distributes its products globally through strategic partnerships with major hardware manufacturers, through leading
retailers, through Internet partnerships and through direct sales at www.roxio.com. Roxio's
parent company, Sonic Solutions (NASDAQ: SNIC;
http://www.sonic.com) is the leader in digital media software and provides a broad range of software
tools and applications for creative professionals, business and home users and technology partners. Sonic's products range from professional
DVD authoring systems and interactive content delivery technologies that are used to produce the majority of Hollywood movies released on DVD,
to the award-winning Roxio- and Sonic-branded CD and DVD creation, playback and backup applications that have become the premiere solutions
for consumers and business users worldwide. Sonic's AuthorScript® is the de facto standard for CD and DVD burning and formatting and has
been licensed by major software and hardware manufacturers, including Adobe, Broadcom, Microsoft, Scientific-Atlanta, Sony, and many others.
Sonic Solutions is headquartered in Marin County, California.
Sonic, the Sonic logo, Sonic Solutions, Roxio, MyDVD, CineMagic, Plug & Burn, LiveShare, Roxio Easy Media Creator, and
AuthorScript are trademarks or registered trademarks of Sonic Solutions or its subsidiaries in the United States and/or other
countries. Dolby is a trademark of Dolby Laboratories. All other company or product names are trademarks of their respective
owners and, in some cases, are used by Sonic Solutions under license. Specifications, pricing and delivery schedules are subject
to change without notice.