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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject6/14/2001 4:43:31 PM
From: besttrader   of 37746
 
"Good" news --> Microchip (MCHP) 23.33 -1.67: Company reaffirms guidance for Q4; says that based on April and May data qtr is tracking well towards earlier sales guidance of $138 mln; sees Q1 earnings of $0.16 (mean $0.16). Company also sees signs of a bottom forming. "Backlog cancellations and push-outs are substantially slowing, and distributor and OEM inventory has been significantly reduced."
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