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

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To: Lucretius who wrote (96037)	4/18/2001 7:01:19 PM
From: smallcapmaven	Read Replies (1) of 436258

CMOS...Now I see a loss of $1 to $2 a share for FY 2001...Lucretius...LOL!!! >>>Wednesday April 18, 6:16 pm Eastern Time Credence Systems sees Q2 revs under $50 mln FREMONT, Calif., April 18 (Reuters) - Credence Systems Corp. (NasdaqNM:CMOS - news), a provider of test equipment for semiconductor makers, on Wednesday said it expects revenues for its current fiscal quarter ending April 30, to fall below $50 million due to weak product orders. ``Going into this quarter, we anticipated the continuing slowdown in the business. However, the magnitude and speed of the slowdown have been unprecedented,'' Chief Executive Officer Graham Siddall said in a statement. Graham said the company continues to believe its markets may not rebound in late calendar 2001 or early 2002 and said it will continue to control its costs. In February, Credence cut its workforce by about 14 percent and implemented a 12 percent reduction to the work schedule for the remaining employees. Credence makes automatic test equipment for the semiconductor industry. Its shares ended trading Wednesday up $2.49 at $23.76 on the Nasdaq. The news announcement came after the market closed.<<<<<<<<<<<<< The previous revenue estimate was almost double what they will come in at...Sadly there were some people that were mislead into buying this POS today...

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