AHAA ( $21-$28-$22) PE 145 Cap=$bil reports revs down 56%
and squeezes up 5+ pts , and loses them all back in a week<g>
siliconinvestor.com
posts Q2 loss. sees Q3 loss
WOBURN, Mass., Oct 17 (Reuters) - Integrated circuit maker Alpha Industries Inc. (NasdaqNM:AHAA - news) on Wednesday posted a second quarter loss of $2.6 million and said it should again be profitable in early 2002 after another quarterly loss.
The Woburn, Massachusetts-based Alpha said its quarterly loss equaled 6 cents a share, compared with a net loss of $3.9 million, or 9 cents, in the first quarter of fiscal 2002. In the year earlier quarter, net income was $10.6 million, or 24 cents a share.
Net sales were helped by better-than-expected sales of wireless handsets and totaled $33 million, or well under half the $73.2 million in the same quarter a year earlier, Alpha said in a news release.
``On balance, we expect rising handset sales to generate modest overall revenue growth in our fiscal 2002 third quarter and a more substantial increase in Q4,'' CEO David Aldrich said.
``We estimate that our bottom line will improve, with our net loss ranging from 2 cents to 4 cents per share in the December quarter and a return to profitability in the March quarter.''
(- Michael Connor - Miami newsroom, +1 305-374-5013, fax +1 305-358-6317, or michael.connor@reuters.com)) |
