Clown-Free Zone... sorry, no clowns allowed Message Board

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

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To: patron_anejo_por_favor who wrote (110287)	6/26/2001 6:15:40 PM
From: Mark Adams	Read Replies (2) of 436258

VTSS Warns biz.yahoo.com ... announced today that due to continued weakness in demand and order cancellations in the quarter, it is reducing its third quarter fiscal 2001 (June 2001) revenue forecast to approximately $60 million and its net income per share (pro forma) to a loss of approximately $0.06 per share. This loss excludes the amortization of goodwill and deferred compensation as well as anticipated restructuring and other charges expected to be recorded in the June quarter as further discussed below. Lou Tomasetta, Vitesse President and CEO, commented, "Overall, business conditions continue to be weak and we have seen no improvement in visibility at a majority of our customers. Inventories in our customers' channels remain at high levels and the process of reducing excess inventories is taking much longer than anticipated. DJ Vitesse Semi May Write Down Excess, Obsolete Inventory DJ Vitesse Semi May Take Charges Vs Assets In Coming Weeks *DJ Vitesse Semi: No Improvement In Visibility With Customers

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