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Filed by Komag, Incorporated
Pursuant to Rule 425 under the
Securities Act of 1933, and deemed
filed pursuant to Rule 14a-12 under
the Securities and Exchange Act of
1934. Subject Company:
HMT Technology Corporation
Commission File No. 333-39340
KOMAG, INCORPORATED
PRESS RELEASE ISSUED ON SEPTEMBER 7, 2000
KOMAG ANNOUNCES VOLUME SHIPMENTS FOR 20 GB MEDIA
FOR IMMEDIATE RELEASE
SAN JOSE, Calif., September 7, 2000 /PRNewswire/ -- Komag, Incorporated (Nasdaq:
KMAG), a technical leader in the disk drive component industry, today announced
that it is shipping 20 GB per platter media in volume. The company is shipping
these high capacity disks to both 5400 RPM and 7200 RPM applications. With these
new products, Komag is a key enabler of the disk drive industry's relentless
performance improvement. "Data storage density has more than doubled in the past
twelve months," stated Ray Martin, Komag's senior vice president of sales and
customer service. "We are proud that we continue to provide technology solutions
to our customers that support their time-to-market and time-to-volume needs."
This new generation of disks incorporates rapidly evolving technological
improvements, including ultra-smooth substrates, high moment magnetic alloys,
and an extremely thin and durable carbon overcoat. "Through our work on
technology demonstrations, we have staged the necessary ingredients to stay
abreast of the industry's rate of change. With careful planning and meticulous
engineering we are able to advance our processes using current equipment without
costly modification. The technology elements for the next several generations of
disks are staged and ready to deploy as the industry requires," stated Chris
Bajorek, Komag's, executive vice president and chief technical officer.
ADDITIONAL INFORMATION AND WHERE TO FIND IT
Komag has filed a Registration Statement on SEC Form S-4 in connection with a
pending merger with HMT Technology Corporation ("HMT"). Komag and HMT mailed a
Joint Proxy Statement/Prospectus to stockholders of Komag and HMT containing
information about the merger on or about August 21, 2000. Investors and security
holders are urged to read the Registration Statement and the Joint Proxy
Statement/Prospectus carefully. The Registration Statement and the Joint Proxy
Statement/Prospectus contain important information about Komag, HMT, the merger
and related matters. Investors and security holders may obtain free copies of
these documents through the website maintained by the U.S. Securities and
Exchange Commission at http://www.sec.gov. Free copies of the Joint Proxy
Statement/Prospectus and these other documents may also be obtained from Komag
by directing a request through the Investors Relations portion of website at
http://www.komag.com or by mail to Komag, Incorporated, 1710 Automation Parkway,
San Jose, CA 95131, attention: Investor Relations, telephone: (408) 576-2000.
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In addition to the Registration Statement and the Joint Proxy
Statement/Prospectus, Komag and HMT file annual, quarterly and special reports,
proxy statements and other information with the Securities and Exchange
Commission. You may read and copy any reports, statements or other information
filed by Komag or HMT at the SEC public reference rooms at 450 Fifth Street,
N.W., Washington, D.C. 20549 or at any of the Commission's other public
reference rooms in New York, New York and Chicago, Illinois. Please call the
Commission at 1-800-SEC-0330 for further information on the public reference
rooms. Komag's and HMT's filings with the Commission are also available to the
public from commercial document-retrieval services and at the website maintained
by the Commission at http://www.sec.gov.
INTERESTS OF CERTAIN PERSONS IN THE MERGER
Komag will be soliciting proxies from Komag stockholders in favor of the
adoption of the merger agreement. The directors and executive officers of Komag
and the directors and executive officers of HMT may be deemed to be participants
in HMT's solicitation of proxies. Information concerning the directors and
officers is contained in the preliminary Registration Statement.
The directors and executive officers of Komag have interests in the merger, some
of which may differ from, or may be in addition to, those of Komag's
stockholders generally. Information concerning those interests is contained in
the Registration Statement.
FORWARD-LOOKING STATEMENTS
The above information contains predictions, estimates and other forward-looking
statements that involve a number of risks and uncertainties. While this outlook
represents Komag's current judgment on the future direction of the business,
actual results may differ materially from any future performance suggested
above. Factors that could cause or contribute to such differences include, but
are not limited to, risks relating to the consummation of the contemplated
merger, including the risk that stockholder approval might not be obtained in a
timely manner or at all. In addition, Komag may not develop and introduce new
products on time or at all. These and other factors are described in the most
recent Form 10-Q, most recent Form 10-K and other periodic reports filed by
Komag and HMT with the Securities and Exchange Commission.
ABOUT KOMAG:
Founded in 1983, Komag, Incorporated has produced over 465 million thin-film
disks, the primary storage medium for digital data used in computer disk drives.
The company is well positioned as the broad-based strategic supplier of choice
for the industry's leading disk drive manufacturers. Through its advanced
development facilities in the United States and high volume production factories
in Southeast Asia, Komag provides high quality, leading-edge disk products at a
low overall cost to its customers. These attributes enable Komag to partner with
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customers in the execution of their time-to-market design and time-to-volume
manufacturing strategies.
For more information about Komag, visit Komag's Internet home page at
http://www.komag.com or call Komag's Investor Relations 24-hour Hot Line at
888-66-KOMAG or 408-576-2901.
Contact: KOMAG, INCORPORATED, San Jose, CA
Ted Siegler at (408) 576-2209
E-mail communications: [email protected]
