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Technology Stocks : California Micro Devices
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To: JEFF CHAPMAN who wrote (94)6/12/1998 8:55:00 PM
From: Adelantado  Read Replies (1) of 168
 
In other words:

California Micro Devices Corp (CAMD)

CALIFORNIA MICRO DEVICES CORP said it expects 1Q revenues to be essentially flat with 4Q levels possibly resulting in a loss for the quarter. "We expect the product revenue this quarter to be essentially flat or a little below last quarter's, and up slightly from last year," President and Chief Executive Jeffrey Kalb said. In the year-ago 1Q the company reported a profit of $116,000, or $0.01 a share, on revenues of $8.3 million. Analysts' estimates for the latest quarter were unavailable. The company attributed the lower turns orders, goods ordered for delivery in the same quarter, to inventory corrections at a few major customers as well as general softness in the semiconductor and electronic systems markets. (Reuters 10:10 PM ET 06/11/98)
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