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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Tony Viola who wrote (36375)	8/9/2000 10:18:20 AM
From: Proud_Infidel	Read Replies (1) \| Respond to of 70976

The "A" Word: DRAM allocations hit Dense-Pac revenues in current quarter Semiconductor Business News (08/09/00, 08:48:42 AM EDT) GARDEN GROVE, Calif.--Recent DRAM allocations to chip customers are cutting into the sales of Dense-Pac Microsystems Inc., which today warned investors that tight memory supplies will cause it to report lower-than-expected revenue in the current fiscal quarter. The supplier of three-dimensional, high-density chip packages said the memory allocations were causing "a short-term delay in potential revenue" but long-term growth remains on track. Industry analysts have warned of chip shortages in memories and other commodity ICs as a result of cutbacks in capital spending during the last semiconductor downturn. Wall Street financial analysts are expecting Dense-Pac to report an earnings-per-share of $0.07 in its current fiscal quarter, which ends Aug. 31, based on a survey by First Call/Thomson Financial. In the company's first fiscal quarter, ended May 31, revenue reached $11 million, with a net income of $865,000, or $0.04 per share. In the second fiscal quarter last year, ended Sept. 30, 1999, Dense-Pac posted revenue of $7.4 million and a net income of $679,695, or $0.03 per share. "Dense-Pac has had good growth in the last year," said Ted Bruce, president and CEO of the Garden Grove company. "The long-term growth of the company is very viable and exciting. As we continue forward with our strategy, we may encounter 'bumps in the road' which affect short-term quarterly results as we have with the allocation of DRAM components to our customer base."