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

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To: Shack who wrote (91930)	4/9/2001 6:00:14 PM
From: marginmike	Read Replies (1) of 436258

I agree, but SAWS news AH bears bad tidings for Q. There was a time SAWS and Qcom would trade in unison because of the close proximity of their Business. Saws CEO said CDMA and wireless has been weak and should be weak. IMHO Qcom test will come on this news. If it shrugs it off it might be a ST bottom. 4:24pm 04/09/01 Sawtek meets estimates, issues warning (SAWS) By Deborah Adamson APOPKA, Fla. (CBS.MW) -- Sawtek, a maker of electronic signal processing components, on Monday reported second quarter earnings that met Wall Streets expectations of 22 cents a share. Net income was $9.3 million. Last year, Sawtek (SAWS) recorded a profit of $12.6 million, or 29 cents a share. Sales for the just-concluded quarter were $28.4 million, down from $37.6 million a year ago. The company blamed a slowdown in the wireless and telecommunications markets for its performance. Looking ahead, Sawtek said it expects revenue for the June quarter to be 10 percent lower than the March quarter and profit should also take a hit. For the year, revenue is expected to dip by 15 to 20 percent while net income, excluding a one-time tax gain, would fall a bit more than revenue. cbs.marketwatch.com.

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