Roxio Sets Fiscal Third Quarter Results Date
Ends Calendar Year with Approximately $40 Million in Cash Balances
Santa Clara, California - (January 6, 2004) - Roxio®, a division of Sonic Solutions® (NASDAQ: SNIC), the leader in digital media software, announced today that it will report financial results for its fiscal third quarter ended December 31, 2003 on Wednesday, February 4, 2004 after the close of market. The company will host a conference call for analysts and investors at 1:30 p.m. PT (4:30 p.m. ET). Participating on the call will be Chairman and CEO Chris Gorog and CFO Nand Gangwani.
"Roxio's third quarter operating results are on track with our most recent guidance. We ended calendar 2003 with a cash balance of approximately $40 million, which positions us well as we continue to grow the Napster business. We are making a number of exciting announcements during this week's MacWorld and Consumer Electronics Show conferences, and we believe that 2004 will be a very positive year for both our digital media software and Napster divisions," said Mr. Gorog.To participate on the live conference call, analysts and investors should dial 800-374-1636 at least ten minutes prior to the call. Roxio 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). A telephonic replay of the conference call will also be available for 48 hours by dialing 800-642-1687 and entering the passcode: 4808210.
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.
Safe Harbor Statement:
Except for historical information, the matters discussed in this press release, in particular matters related to consumer demand for Roxio's software products are forward-looking statements that are subject to certain risks and uncertainties such as failure to attract new customers, intense competition, general economic conditions and undetected errors in the software that could cause actual results to differ materially from those projected. Additional information on these and other factors are contained in Roxio's reports filed with the Securities and Exchange Commission (SEC), including the Company's Quarterly Report on Form 10-Q as filed with the SEC on November 14, 2003, copies of which are available at the website maintained by the SEC at www.sec.gov. Roxio assumes no obligation to update the forward-looking statements included in this press release.
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.