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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?


To: 2MAR$ who wrote (25)4/24/2001 6:16:06 PM
From: 2MAR$  Read Replies (1) | Respond to of 208838
 
-Applied Micro misses revenue goal, drops forecast

(adds details throughout from conference call, byline,
closing share price, previous SAN DIEGO)
By Timna Tanners
LOS ANGELES, April 24 (Reuters) - Communications chip maker
Applied Micro Circuits Corp. <AMCC.O> on Tuesday reported
fourth-quarter earnings that met Wall Street's income
expectations, but missed analysts' and its own revenue
forecasts.
Company officials also gave earnings guidance for its
current quarter that fell below analyst expectations, but said
they expected revenues would hit bottom in coming months.
The San Diego-based maker of communications chips for
high-speed networks said its net income for the quarter was
$28.3 million or 9 cents a share, compared with $21.0 million
or 8 cents a share in the year-ago period.
That met Wall Street consensus expectations of a 9-cent
profit, with earnings forecasts ranging from 7 to 10 cents a
share, according to Thomson Financial/First Call. The company
lowered its earnings expectations on March 1, as key customers
Nortel, Cisco, Lucent and JDS Uniphase also dropped forecasts.
Revenues were $121.1 million for the fourth quarter, up 112
percent from the prior year's $57 million. A survey of 13
analysts had forecast revenue of $124.55 million and Applied
Micro has said its revenue would be between $125 million and
$135 million.
Applied Micro executives attributed the lower-than-expected
revenues to conservative revenue reporting.
Company officials said Nortel Networks Corp. <NT.N> <NT.TO>
was its biggest customer, accounting for more than 12 percent
of revenues, followed by Marconi Plc. <MONI.L> with 11 percent
and Cisco Systems Inc. <CSCO.O> accounting for 10 percent of
Applied Micro's revenues.

OUTLOOK STILL WEAK
The company said it expected to post between break even
earnings and a 2-cent profit for its fiscal first quarter, on
revenues of between $70 and $85 million. Officials saw revenues
hitting their lowest point between its current and second
quarters.
A survey of 18 analysts had forecast a 7-cent profit for
the company's first quarter, with a range from 3 to 12 cents.
Revenues were forecast at $106.36 million in a poll of 7
analysts, and estimates fell between $85 million to $128.6
million.
Chief Executive Dave Rickey said visibility for the June
quarter was poor, saying it was still difficult to project
earnings expectations. He said bookings so far for April were
disappointing.
Rickey said the company was not cutting staff, but said its
pace of hiring would be slower. Applied Micro would trim
discretionary spending, such as for part-time employees,
consultants and non-critical travel, he added.
The company's shares closed at $23.98, down 6.3 percent or
$1.62, and have fallen from $75 at the start of the year or 68
percent as communications chip makers have seen orders slip
with the general economy.
In contrast, the Philadelphia Semiconductor Index <.SOXX>
is up some 5 percent from the beginning of the year.
((Los Angeles newsroom, 213-380-2014))
REUTERS



To: 2MAR$ who wrote (25)4/25/2001 1:57:26 PM
From: Sharck  Respond to of 208838
 
RE CDDD, have a look:
Value Proposition:

Constellation 3D (C3D) has developed breakthrough ‘Fluorescent Multilayer Disc and Card’ (FMD/C) technology that management believes will vastly increase the capacity of affordable removable data storage devices. The Company believes its FMD disc has the potential to be a standard storage media used in consumer entertainment, computing and data storage. FMD/C technology will address immediate and growing market demand for inexpensive storage in mass-market applications including digital cameras, digital video recorders and High Definition Television (HDTV).

The Company believes it has developed the only storage technology capable of delivering the cost- efficient removable data storage required for applications beyond the capacities of DVD
The Company has demonstrated both removable data disc technology capable of storing 100 gigabytes (GB) (in comparison to current standard DVD discs that store 4.7 GB) and a credit card-sized memory product that could hold up to 10 GB
C3D intends to compete in two major categories:
1. Fluorescent Multilayer Disc media, projected to offer in excess of 20 times greater storage capacities than standard DVDs or other removable media, is expected to enter commercial manufacturing in the first quarter of 2002.
2. Fluorescent Multilayer Card (FMC) ROM, WORM, and R/W ClearCardÔ products that should increase the capacity of removable card storage technology by as much as 100 times from current levels
C3D’s business plan incorporates joint ventures and a licensing model
For a better understanding of the growth expected in the storage market click here >marketstatistics
Readers and drives can be backward-compatible with current technology
The Company has in excess of 80 issued or pending patents on its fluorescent multilayer technology
C3D has 65 scientists employed in advanced R&D addressing commercialization of its removable storage technology
FMD and FMC media should have significant manufacturing cost advantages over CD, DVD and existing card media.
CONSTELLATION 3D, INC.
805 3rd Avenue
14th Floor
New York, NY 10022
Phone (212) 308-3572
Corporate Web site: www.c-3d.net

Investor Relations:
Focus Partners
Email: Investors@c-3d.net
phone: 212-752-9445

VITAL STATS April 2001
Fiscal Year End December 31
52 Week High - Low $3 1/2 - $63 5/8
Recent Price (4/24/01) $5.05
Institutional ownership 10%
Shares Outstanding 45.5 million
Float (est.) 19 million
Market Cap (approx.) $230 million

Business Summary

Constellation 3D has developed breakthrough fluorescent technology to exploit the third dimension in data storage by providing as many as one hundred layers of read/writeable data in digital disc and memory card form factors. C3D has successfully demonstrated a portable disc technology capable of storing up to 100 gigabytes (GB) of data, compared with standard DVD storage of 4.7 GB. In the ClearCard format, C3D is developing a credit card-sized product with a potential capacity of 10 GB.

Management believes C3D is positioned for rapid revenue growth and large margins as the technology is adopted by the removable storage industry and associated industries that integrate removable storage devices into their products. The Company intends to aggressively introduce FMD and FMC-enabled applications through a broad range of licensees and joint ventures with media and drive manufacturers, consumer electronics firms, and content providers.

Unique Technology

Patents – C3D believes that its more than 80 FMD/C-related approved and/or pending patents provide a broad-based portfolio that covers virtually all essential elements of Fluorescent Multilayer technology. Company patents address FMD and FMC drive mechanics, construction and pick-ups, lasers for ROM, WORM and R/W, manufacturing of ROM, WORM and R/W media, and the composition of ROM, WORM and R/W disc and card structures.

Advantages of FMD/C Technologies:

Increased Disc Capacity – DVD data density approaching 4.7 GB on each discrete layer of data, with up to 100 layers of data expected to be achievable
Quick Parallel Access and Retrieval of Information – Reading from several layers and multiple tracks simultaneously, which is nearly impossible using the reflective technology of common optical devices (CDs & DVDs), is achievable in FMD applications. This may ultimately allow for retrieval speeds of up to one gigabit/second, compared to current maximum retrieval speeds of 44 megabits for DVDs
Leveraging Existing Manufacturing Technologies – Media and drive manufacturing will extensively utilize existing processes, thereby facilitating rapid and relatively easy adoption by existing manufacturers of optical media (CD and DVD) and drives
Fault Tolerance – The technology’s utilization of incoherent light, which is much less affected by media impurities than coherent light, should allow for less stringent manufacturing standards for media and discs while providing products with more rugged performance characteristics than CDs and DVDs
Multiple Form Factors – FMD/C media will be developed across a broad range of applications such as read only, writeable and re-writeable iterations
Manufacturing Economies – C3D believes that the various advantages of FMD technology may result in a manufacturing cost per gigabyte advantage of five times that of current DVDs
Numerous industry articles have recently been written reporting on
the potential of C3D’s FMD technologies
www.c-3d.net/pressroom_frameset.html

Licensing and Joint Ventures

As the exclusive owner of fluorescent multilayer technology, C3D is positioned to enjoy rapid revenue growth and healthy margins as the technology is adopted by media and drive manufacturers and penetrates various markets. Projected revenue sources include:

Equity-based profits from joint venture enterprises as well as licensing royalties
Royalties and other per-unit revenues from media and drive manufacturers that introduce the technology into the marketplace
Royalties from sales of key components such as dye polymers
LOI Agreements:
Nippon Zeon – a world leader in specialty polymers - for mass-manufacturing chemical & dye polymer development
Ricoh Corporation – a leader in the development of recordable optical media and drives - for WORM media & drive development
Steag Hamatech – a leading developer of optical disc manufacturing equipment - for optical media mass-manufacturing equipment development
Toolex Intl. – a former subsidiary of Phillips Electronics - for optical media mass-manufacturing equipment development
Lite-On IT Corp. – the third-largest manufacturer of CD/DVD drives in the world - for the design and development of optical disc drives
Plasmon – a world leader in recordable optical disc technology - to jointly develop manufacturing processes and industry protocols for mass production of FMD media and drives

Significant Markets

The Company has evaluated the data storage markets, and has tailored its first-generation products to address the largest and fastest growing removable storage applications.

FMD DISC PRODUCTS - In the CD/DVD space, the markets for ROM and WORM FMDs, with capacities of up to 100 GB of storage, will include digital video players and recorders (both Standard TV and HDTV), enterprise and PC/laptop data storage, digital cinema, personal computer storage/backup devices, and Internet-streaming devices.

The annual market for removable CDs and DVDs reached 12 billion units in 1999. The Consumer Electronics Association recently cited DVD players as the “fastest-selling consumer electronics product of all time.” Worldwide demand for recordable CDs is over 3.8 billion discs per year. As storage demands continue to be driven by factors such as increasing Internet download speeds, reliable robust media will be needed for new generations of multimedia applications.

Digital Video Recorders for Standard TV and Set Top Devices - A large capacity FMD disc could perform the functions of digital TV video recorders such as TiVo & Replay, but with benefits including lower cost, portability and greater storage capacity. Similar benefits should occur in Video On Demand systems where the user, from a menu, selects content and the movie is then downloaded onto the disc for later replay.

HDTV - Constellation’s videodisc should comply with the E.U. standards set by the Advanced Television Standards Committee, HDTV formats (incl. 1080i and 720p), and will offer higher resolution, higher bit-rates and greater realism than current consumer video formats. Recordable FMD media should be capable of up to 20 hours of HDTV recording. Standard DVD discs are capable of storing only 15 minutes of standard 1080i uncompressed HDTV recording content.
Digital Cinema Market - FMD may be the sole technology capable of providing a single removable disc device for the Digital Cinema market. The replacement of traditional cellulite prints with a digitalized alternative could save the U.S. industry $600 million per year (source: The National Association of Theatre Owners) while generating high visibility for C3D’s technology.

Corporate Archiving - A 200GB, 300mm FMD WORM disc with read/write times of up to 40MB/sec and 30MB/sec is currently being developed by C3D for corporate archiving. In the future, discs with capacities exceeding 1 Terabyte (1,000 gigabytes) are planned.

FMC ClearCard PRODUCTS - The Company's first generation card products will be a family of credit card-sized memory storage devices for use in mobile applications. C3D’s ClearCard should have capacities of up to 10 Gigabytes, and offer tremendous per-gigabyte cost savings versus current technology. Flash memory, the primary storage medium used in these devices, generated estimated year 2000 revenues of $15 billion. Current storage demand in these markets is rising at a rate of about 60% per year.

The combination of increased capacity and lower cost per GB, combined with its faster data transfer speeds, will enable ClearCards to offer major storage advances in several key consumer markets. The ClearCard should be able to quickly infiltrate high-growth industries such as the digital camera and digital camcorder markets. Other market opportunities include portable video players, PC/laptop storage, PDAs, combined MP3/MP4 players, G3 mobile phones, and e-books.

Each market for Fluorescent Multilayer technology should yield numerous revenue streams as multiple licenses are granted for media and drive manufacturing in each product category
Milestone Events

December, 1999 - Initial demonstration of a ROM drive and disc prototype
February, 2001 - Demonstration of a ROM drive and digital FMD disc prototype
June, 2001 - Demonstration of a WORM drive and a high-definition FMD disc prototype
April to December 2001 - Announcements of industry partners for media replication, drive production and market distribution
First Qtr, 2002 - Initial commercial manufacturing of FMD discs
Senior Management

The Company is strategically strengthening its management team by actively recruiting experienced management to lead efforts in the commercialization of C3D’s product line, freeing up several current team members to return their focus on scientific and technological refinements. Current management includes:

Dr. Eugene Levich - Chairman, President & CEO - has been a Senior Visiting Fellow at Oxford University and an Associate Professor at the Weizman Institute of Sciences. Dr. Levich has also served as a Professor at the faculties of Physics and Engineering at the City University of New York.

Leonardo Berezowsky - Chief Financial Officer - was previous the Chief Financial Officer of Solmelcs and Chief Operating Officer of Mutek Solutions, Ltd. Mr. Berezowsky holds B.A.s in Economics and Computer Sciences, and an M.A. in Economics, from the Hebrew University in Jerusalem.

Ronen Yaffe - Treasurer - a former manager for Deloitte Touche Tohmatsu International Isreal, Ltd., and the head of the team that integrated Deloitte Touche’s accounting software in Isreal. Mr. Yaffe is a CPA and a graduate of The School of Business Administration at the College of Management, located in Tel Aviv.

Vladimir Schwartz - Chief Technology Officer - received his MSc. in Engineering from Moscow University. He has worked as a research and development engineer at Texas Instruments, and has served as CEO of both Nobler Technologies Inc. and Reflekt Technology Inc. - firms which design and manufacture optical disc manufacturing equipment. He has worked in the media replication industry since 1988.

Lev Zaidenberg - Director of Business Development - has been a Partner at DCL Systems Engineering Ltd., and was the Founder and CEO of Mutek Ltd. of which he is currently Chairman of the Board.

Michael Goldberg - Director of Legal Affairs - an Asper Fellow, University of Maryland Law School, and a former Asper Fellow at the Criminal Division of the United States Attorney’s office in Washington, DC. Mr. Goldberg has also served as an Assistant District Attorney in Philadelphia and as the Chairman and CEO of Rx Medical Services.

Craig Weiner - General Counsel - previously associated with Thelen Reid & Priest LLP, where he was a member of the firm’s Technology and Intellectual Practice Group and advised public and private companies on intellectual property; and as general counsel for Armenter Cigar Holdings, Inc. Mr. Weiner received his law degree from Albany Law School.

Dr. Jabob Malkin - Senior Scientific Advisor - previously a Professor of Physical Chemistry at Moscow Lomonosov Institut, a Gastella Fellow at the Weizman Institute of Sciences and a British Royal Society award winner.

Dr. Ingolf Sander - General Products Manager - a specialist in analog & digital electronics, optics and servo systems. Dr. Sander has a Ph.D in physics from Hamburg University and has been the Director of R&D at Verbatim-Kodak. He is also the Founder, President & CEO of LaserByte Inc.

Dr. Mark Alperovich - Chief Chemist - previously a Professor of Chemistry at Moscow State University, Dr. Alperovich has published 230 papers, received numerous patents and has made significant contributions in the field of photochemistry and its application to data storage technology.

Contacts



Company Contact: Investor Relations and Investor/Broker Inquiries:
John Ellis Institutional Inquiries: Financial Broker Relations
VP of Marketing FOCUS Partners LLC Michael Fearnow
781-933-9435 Brad Meyer/Harvey Goralnick 936-597-7500
marketing@c-3d.net 212-752-9445 mfearnow@gopublic.com
businessdev@c-3d.net cddd@focuspartners.com Media Coverage & White Papers:
www.c-3d.net/pressroom_frameset.html

Disclosures and Disclaimer

Safe Harbor Statement:
This fact sheet contains “forward-looking statements” within the meaning of Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of the 1934. These forward-looking statements can be identified by the use of forward-looking terminology such as “may”, “could”, “expected to” and “believes.” Actual events or performance involve risks and uncertainties that could differ materially from those anticipated in such forward-looking statements. Factors that could cause actual results to differ materially from those projected in forward-looking statements include competition, the management of our growth and the ability to deliver new products to market on time. Such forward-looking statements are subject to other risks and uncertainties, which are detailed in the Company’s filings with the Securities and Exchange Commission.

Disclaimer:
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