AMCC reaffirms guidance though in the past week there have been push-outs.
Dave Rickey, President, CEO and Chairman of AMCC said, ``We are reaffirming the guidance that we provided at our last quarterly conference call on January 16, 2001. As I said during that conference call, meeting that guidance will be dependant upon turns business, or bookings that we receive and ship within the quarter. To date this quarter, new bookings remain robust. However, on existing orders we have also seen some push-outs and cancellations in the past week. If these cancellations are merely a blip and not a trend at AMCC, we expect to meet or beat expectations. However, given concerns that abound in our end markets, we are on alert. To reiterate, we are not altering our guidance at this time, for either the March or the June quarters.'' |
