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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?


To: Connor26 who wrote (1890)1/23/2001 8:11:49 PM
From: Susan G  Respond to of 5732
 
PXLW..with forward guidance like this, it's a keeper. Did you ever check out their customer list? Impressive.

pixelworks.com

I made a last minute decision to hold it all, and am smiling now when I read this, up almost 20% after hours. Doubled my holdings this morning when it was under 20. yeah <g>

Pixelworks ups Q1 revenue outlook
TUALATIN, Ore, Jan 23 (Reuters) - Integrated circuit provider Pixelworks Inc. (NasdaqNM:PXLW - news), citing higher projected demand for its products, said on Tuesday it expects first-quarter revenue of about $19.5 million, which is higher than previously estimated.

In a statement, the company also attributed the higher revenue outlook to the anticipated ability of its foundry partners to increase the supply of manufactured product to meet the increased demand.

Earlier, it reported fourth-quarter earnings of $2.2 million, or 6 cents a diluted share, compared with a loss of $2.8 million, or 38 cents a share, in the fourth quarter of 1999.

The company is maintaining its revenue outlook for 2001 with a projected target reaching just below the $100-million mark.