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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: pater tenebrarum who wrote (61322)	1/24/2001 4:32:33 PM
From: patron_anejo_por_favor	Read Replies (2) of 436258

SNDK getting the wrong end of the oosik...warned for the next quarter and lower forward guidance: biz.yahoo.com `Market conditions softened significantly in the fourth quarter due to slowing economic conditions. Product demand slowed, resulting in reduced backlog and low near-term order visibility. Our sales through the retail channel increased substantially in the fourth quarter, spurred by successful holiday sales of digital cameras. However, this was not sufficient to compensate for reduced orders from OEMs, who appear to be working down their existing inventories in a slowing economy. Consequently, our sales in the quarter, although a record, were below our internal expectations. ``We believe the current situation is likely to adversely impact the first one or two quarters of 2001 and are taking aggressive steps to manage our flash production output. We are actively managing our inventory and we expect it to return to historical levels by the second half of the year. We are also taking steps to manage expenses until we see a pickup in demand for our products Got overcapacity?<G>

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