Silke
05.03.2001, 13:51
...mir drängt sich da die Vermutung auf, dass die Erholung im SOX von den Institutionellen forciert wurde um wiedermal günstig vor den Warnungen in steigende Kurse reinzuverkaufen!
Die Hunde können es einfach nicht lassen...tztztztz!
Ralph unser Telefonat über die Semis ist nun auch überflüssig geworden!
Vitesse Semiconductor warns
By Emily Church, CBS.MarketWatch.com
Last Update: 7:47 AM ET Mar 5, 2001
NEW YORK (CBS.MW) - Citing the downturn hitting its communications customers, chipmaker Vitesse Semiconductor on Monday warned it'll miss its second quarter sales and profit targets.
Vitesse (VTSS: news, msgs, alerts) further cited an unexpected weakness in its storage applications business for the decline. Shares were down over $2 from their Friday close at $35.50 in early Monday trading in London, according to market makers Madoff Securities. See Indications.
The stock dropped 9.57 percent Friday ahead of the warning.
Cypress too
Meanwhile, Cypress Semiconductor (CY: news, msgs, alerts) on Monday, another chip supplier to the communications industry, warned it'll miss its first quarter sales and profit forecast.
The warning was the second from Cypress, which said it now sees a 15 percent drop in revenue.
Camarillo, Calif.-based Vitesse cut its revenue forecast range by about 16 percent to $150-160 million from $180-190 million. The company lowered its net income to 21 cents to 22 cents per share from 26 cents to 27 cents per share.
In a statement, chief executive Lou Tomasetta said, "due to the continuing loss of visibility among our communications customers and the unexpected decline in our storage applications, we no longer had confidence that our forecasted turns business would materialize.
"We continue to see strong growth in our network processor, switch fabric and OC192 module accounts and believe these areas are softening the blow of the major downturn that has been reported by nearly all the communication IC suppliers," he added.
Die Hunde können es einfach nicht lassen...tztztztz!
Ralph unser Telefonat über die Semis ist nun auch überflüssig geworden!
Vitesse Semiconductor warns
By Emily Church, CBS.MarketWatch.com
Last Update: 7:47 AM ET Mar 5, 2001
NEW YORK (CBS.MW) - Citing the downturn hitting its communications customers, chipmaker Vitesse Semiconductor on Monday warned it'll miss its second quarter sales and profit targets.
Vitesse (VTSS: news, msgs, alerts) further cited an unexpected weakness in its storage applications business for the decline. Shares were down over $2 from their Friday close at $35.50 in early Monday trading in London, according to market makers Madoff Securities. See Indications.
The stock dropped 9.57 percent Friday ahead of the warning.
Cypress too
Meanwhile, Cypress Semiconductor (CY: news, msgs, alerts) on Monday, another chip supplier to the communications industry, warned it'll miss its first quarter sales and profit forecast.
The warning was the second from Cypress, which said it now sees a 15 percent drop in revenue.
Camarillo, Calif.-based Vitesse cut its revenue forecast range by about 16 percent to $150-160 million from $180-190 million. The company lowered its net income to 21 cents to 22 cents per share from 26 cents to 27 cents per share.
In a statement, chief executive Lou Tomasetta said, "due to the continuing loss of visibility among our communications customers and the unexpected decline in our storage applications, we no longer had confidence that our forecasted turns business would materialize.
"We continue to see strong growth in our network processor, switch fabric and OC192 module accounts and believe these areas are softening the blow of the major downturn that has been reported by nearly all the communication IC suppliers," he added.