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Strategies & Market Trends : Don't Drink the Kool-Aid Kids
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To: Stoctrash who wrote (702)6/20/2001 5:39:43 PM
From: Alan Smithee  Read Replies (3) of 1063
 
Yet more evidence of overall chip sector suckiness:

Transmeta (TMTA) 12.60 -1.00: Company warns for Q2; cuts revenue outlook by 40-45%; sees revs of $10.2-11.2 mln vs. current consensus of est of $19 mln; current EPS estimate is $0.11); company cites economic weakness in Japan for shortfall; expects to take an inventory charge for the quarter.

Closed at 12.60. Last AH trade 7.96. Phew.
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