Further confirmation of tool company weakness & and capex blues from Trickle holding AGNT:
>>CARLOS, Calif.--(BUSINESS WIRE)--July 5, 2001--Argonaut Technologies, Inc. (Nasdaq:AGNT - news) will hold a conference call at 2:00 p.m. Pacific/5:00 p.m. Eastern today, Thursday, July 5, 2001, to discuss its current business outlook for the second quarter of 2001.
For the second quarter ended June 30, 2001, Argonaut expects net sales to be between $3.0 million and $3.2 million and the net loss to be between $4.1 million and $4.4 million.
``We are experiencing a challenging business environment characterized by delayed or postponed purchasing decisions and reduced capital expenditure budgets as a result of uncertain economic conditions,'' stated David P. Binkley, Ph.D., Argonaut's chairman and chief executive officer. ``Despite the current weakness in net sales, our customers continue to tell us that our instruments are improving their chemistry processes and accelerating their identification of new, lead drug candidates. We, therefore, remain optimistic about our long term financial prospects.''
Argonaut will be hosting a conference call at 2:00 p.m. PDT, today, July 5, 2001, to discuss Argonaut's outlook. Interested parties can access this call by dialing 800-837-5682 and giving the following pass code 4356125. Those wishing to listen to the call can access it via the Internet from www.StreetFusion.com. Alternatively, investors may link to the call from the Investor Relations section of our website at www.argotech.com. A 24-hour replay will be available for seven days after this call at www.argotech.com or by calling 888-843-8996 and giving the following pass code: 4356125.<<
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Waiting with bated breath to see if any consumables company warns.
Cheers, Tuck |
