XINYU CITY, China and SUNNYVALE, Calif., April 8, 2008/PRNewswire-FirstCall/ -- LDK Solar Co., Ltd. (NYSE: LDK), a leadingmanufacturer of multicrystalline solar wafers, today updated the outlook forthe first quarter of 2008. For the first quarter of fiscal 2008, LDK Solarestimates revenue to be in the range of $225 to $235 million. The Company alsoestimates fully diluted earnings per ADS to be in the range of $0.40 to $0.44.
The statements are based upon management's current expectations. The abovestatements are forward-looking, and actual results may differ materially. TheCompany undertakes no obligation to update these statements.
About LDK Solar
LDK Solar Co., Ltd. is a leading manufacturer of multicrystalline solarwafers, which are the principal raw material used to produce solar cells. LDKsells multicrystalline wafers globally to manufacturers of photovoltaicproducts, including solar cells and solar modules. In addition, the Companyprovides wafer processing services to monocrystalline and multicrystallinesolar cell and module manufacturers. LDK's headquarters and manufacturingfacilities are located in Hi-Tech Industrial Park, Xinyu City, Jiangxiprovince in the People's Republic of China. The Company's office in the UnitedStates is located in Sunnyvale, California.
Safe Harbor Statement
This press release contains forward-looking statements within the meaningof the safe harbor provisions of the Private Securities Litigation Reform Actof 1995. All statements other than statements of historical fact in thisannouncement are forward-looking statements, including but not limited to, theCompany's ability to raise additional capital to finance the Company'sactivities; the effectiveness, profitability, and marketability of itsproducts; the future trading of the securities of the Company; the ability ofthe Company to operate as a public company; the period of time for which itscurrent liquidity will enable the Company to fund its operations; theCompany's ability to protect its proprietary information; general economic andbusiness conditions; the volatility of the Company's operating results andfinancial condition; the Company's ability to attract or retain qualifiedsenior management personnel and research and development staff; and otherrisks detailed in the Company's filings with the Securities and ExchangeCommission. These forward-looking statements involve known and unknown risksand uncertainties and are based on current expectations, assumptions,estimates and projections about the Company and the industry. These statementsare based upon information available to LDK's management as of the datehereof. Actual results may differ materially from the anticipated resultsbecause of certain risks and uncertainties.
The Company undertakes no obligation to update forward-looking statementsto reflect subsequent occurring events or circumstances, or changes in itsexpectations, except as may be required by law. Although the Company believesthat the expectations expressed in these forward-looking statements arereasonable, they cannot assure you that their expectations will turn out to becorrect, and investors are cautioned that actual results may differ materiallyfrom the anticipated results.
SOURCE LDK Solar Co., Ltd.
