Credence (CMOS): Anyone out there Message Board

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Technology Stocks : Credence (CMOS): Anyone out there

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To: smallcapmaven who wrote (486)	5/16/2001 8:23:08 PM
From: smallcapmaven	Read Replies (1) of 497

Got the large loss and write down like I said, lets see if anyone opens their eyes... >CMOS today reported financial results for its second fiscal quarter ended April 30, 2001. Net sales were $43.3 million, a decrease of 72 percent from net sales of $153.8 million in the second quarter of fiscal 2000. Net sales were down 65 percent sequentially, from net sales of $123.2 million in the company's first fiscal quarter of 2001. The net loss for the second quarter of fiscal 2001 was $43.7 million or $0.83 per share, compared to a net income of $33.5 million or $0.63 per diluted share in the second quarter of 2000... The net loss for the second quarter of fiscal 2001 included a pre-tax provision of $45 million for the disposal of excess inventory as well as a pre-tax charge of approximately $2 million for severance payments and asset disposals associated with the Company's recent headcount reductions...< No real surprise but this is a $12 stock...STILL!!!

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