CHARTERED CORRECTS SHARE COUNT & EPS GUIDANCE FOR Q4 2002
SINGAPORE – October 25, 2002 – Chartered Semiconductor Manufacturing (Nasdaq: CHRT and SGX-ST: CHARTERED) announces a correction to the fourth quarter 2002 share count and loss per ADS guidance, which was provided in its third quarter earnings release earlier today.
The figure provided in the release earlier today, 260 million American Depositary Shares (ADSs), was incorrect. The corrected fourth quarter 2002 guidance for share count and for loss per ADS is:
- Average share count for EPS calculation: approximately 241 million ADSs
- Loss per ADS: approximately $0.47 to $0.49 including a one-time charge of approximately $0.02 per ADS associated with workforce re-sizing
Safe Harbor Statement under the provisions of the United States Private Securities Litigation Reform Act of 1995
This news release contains forward-looking statements, as defined in the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995. These forward-looking statements, including without limitation, statements
relating to our fourth quarter 2002 guidance for share count and for loss per ADS including a one-time charge associated
with workforce re-sizing reflect our current views with respect to future events and financial performance, and are
subject to certain risks and uncertainties, which could cause actual results to differ materially from historical
results or those anticipated. Among the factors that could cause actual results to differ materially are: changes in
market outlook and trends, specifically in the foundry services and communications and computer segments; the rate of
semiconductor market recovery; economic conditions in the United States as well as globally; customer demands;
unforeseen delays or interruptions in our plans for our fabrication facilities (including Fab 7); the performance level
of and technology mix in our fabrication facilities; the successful implementation of our partnership, technology and
supply alliances; and competition. Although we believe the expectations reflected in such forward-looking statements
are based upon reasonable assumptions, we can give no assurance that our expectations will be attained. In addition to
the foregoing factors, a description of certain other risks and uncertainties which could cause actual results to differ
materially can be found in the section captioned "Risk Factors" in our Annual Report on Form 20-F filed with the U.S.
Securities and Exchange Commission. You are cautioned not to place undue reliance on these forward-looking statements,
which are based on the current view of management on future events. We undertake no obligation to publicly update or
revise any forward-looking statements, whether as a result of new information, future events or otherwise.
