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Technology Stocks : Artesyn Technologies (ATSN) -- Ignore unavailable to you. Want to Upgrade?


To: JakeStraw who wrote (582)4/23/2001 8:58:03 PM
From: rich evans  Read Replies (1) | Respond to of 603
 
"Our current forecasts would show us at approximately $700 million in sales for the year. One bright spot is the increasing adoption of distributed power architectures by our major customers. We believe our investments in point-of-load DC/DC converters and high-efficiency DC/DC bricks will give us a strong position in the marketplace when customer demand begins to rebound.''

Jake, to reach $700 million they will have to have a goodly increase in revs in Q3 and Q4 to equal 400 mill versus the the 300 million revs projected for first half. I think they are counting on POL for Intel chipsets as well as wireless.Also I think they are counting on the inventory correction being over and sell thru increasing business. Hope they are right.
Rich