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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (37991)	4/5/2001 8:14:50 AM
From: Jerry Olson	Read Replies (1) \| Respond to of 50167

this is whats out there...lowered estimates for this Q, and no visablility for the next.. as of this date....todays date...my semis contacts have said..."there is NO business being ordered out there right now"....none...and contraction of capex spending is in place for now... anything can and usually will change at some point... 05-Apr-01 08:11 ET Emulex (EMLX) 12 1/2: -- Update -- Cites continuation of the downturn in Fibre Channel host bus adapter demand for need to lower forecasts. "It has now become clear that the progressive weakening of the economic climate impacted the storage networking sector during the first calendar quarter." Company has insufficient visibility to provide guidance on future quarters at this time.