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Technology Stocks : International Rectifier (IRF)
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To: pompsander who wrote (1635)4/24/2003 4:42:33 PM
From: pompsander   of 1712
 
This part of the earnings announcement is very encouraging.

"We are encouraged by the pick-up in demand, with April bookings showing a double-digit increase over January's bookings and over 80 percent of our June shipment guidance already in our backlog. The business outlook, however, remains clouded and there are few signs of a meaningful increase in capital spending. In spite of the uncertainties, IR continues to secure new designs for proprietary products and to expand content in target applications. In the quarter ending June, IR expects revenues to grow 4-8 percent, with the overall gross margin widening by about a percentage point due to increased cost efficiencies and a richer mix of products."
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