Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Proud_Infidel who wrote (44269)	3/21/2001 8:30:50 PM
From: Proud_Infidel	Respond to of 70976

Dallas Semi expects 30% sequential drop in revenue EBN (03/21/01 14:57 p.m. PST) DALLAS, Tex. -- Dallas Semiconductor Corp. said today that third party analysts' projections for its first quarter revenues are above what the company anticipates. The company expects revenues for its first quarter ending April 1, to be down approximately 30% compared to the $130.1 millionreported for fourth quarter 2000, ended December 31, 2000. "Current market conditions continue to result in low turns orders, order cancellations, and rescheduling," said Chao C. Mai, president and chief operating officer, in a released stetement. "Broad-based efforts by our customer base to reduce inventories are negatively impacting our results. These factors limit our visibility for the second quarter and beyond. "We are taking actions to reduce production levels and implement appropriate cost reductions. Our commitment to new product development, which is key to our long-term growth, is unaffected," he added. Dallas Semiconductor is in the process of being acquired by Maxim Integrated Products.

To: Proud_Infidel who wrote (44269)	3/21/2001 8:57:20 PM
From: Jerome	Respond to of 70976

IC materials industry to grow 15% in 2001 in spite in downturn, This is exactly the guidance given by the capacitator manufacturers (Kemet, Vishay). I Think it was at the Vishay conference call the CEO pointed out that 20 to 25% growth would come from all areas (Telecom, Computers, Palm Pilots and other gizmos). The analysts were trying to pin the CEO down to say that computers and Telecom were dead as growth areas, but he denied it. He also said that inventory correction was very modest, one quarter at most.The CEO of KEMET said much the same thing. These two companies were slated to grow 35 to 50% this year and they announce their growth rate would be only 25% or so. This brings me closer to Brian's thesis that the recovery will show up about labor day. Think of it this way. If the collapse came a lot faster than even the most pessimistic forecasts, then is it not possible that the recovery will come a lot quicker than expected. All this talk of no visibility is a smokescreen. For now its the only safe thing for a CEO to say. If you say things are poor and later announce some improvement that cool. But if you say things are great and they turn out poorly, thats cannon fodder for the lawyers. Jerome