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Strategies & Market Trends : The Thread II
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To: Frederick Langford who wrote (2729)6/25/2001 6:05:39 PM
From: Smart_Money  Read Replies (2) of 9026
 
AMCC had this to say and it aint prudy...The loss excludes anticipated restructuring and other special charges.
"Current business conditions continue to be very poor," said CEO Dave Rickey. "New order activity has remained weak throughout the quarter, and our overall backlog has declined. The magnitude of this downturn is greater than we, or our customers, anticipated, and the progress in reducing excess inventory in the channel appears to be slower than they originally thought."
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