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To: mike cobble who wrote (20423)	9/14/2000 2:15:58 PM
From: Chemsync	Read Replies (1) \| Respond to of 21342

Virata rises on sales expectations cbs.marketwatch.com By Ted Griffith, CBS.MarketWatch.com Last Update: 12:55 PM ET Sep 14, 2000 NewsWatch Latest headlines SANTA CLARA, Calif. (CBS.MW) -- Strong demand for Virata Corp.'s digital subscriber line equipment will help boost fiscal second quarter revenue by 50 percent over the first quarter, the company said Thursday. 9/14/2000 1:42:42 PM ET Virata (VRTA: news, msgs) said it expects revenue in the quarter ending Oct. 1 to be about $41.5 million, up from the first quarter's $27.7 million. In the year-ago quarter, Virata had $2.7 million in revenue. Virata shares jumped $5.69, or 11.3 percent, to $55.88 in recent action. The maker of chips for digital subscriber line, or DSL, equipment had originally anticipated its second-quarter revenue would be up 35 percent sequentially to $37.4 million, said Michael Gulett, Virata's president and chief operating officer. Expanding customer base The Santa Clara-based company, scheduled to report full quarterly results Oct. 25, is not disclosing its profit expectations, Gulett said. Virata is expected to earn 8 cents per share, according to the average estimate of analysts polled by First Call. Virata is benefiting from a growing appetite for DSL, which allows users to get high-speed access to the Internet, Gulett said, adding that Virata is experiencing strong growth in Asia and Europe. "We continue to expand our customer base," Gulett said in an interview. Virata's stock price has been volatile since the company made its initial public offering last November at $14 per share. The stock has been as high as $111 and as low as $11.69