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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: Paul A who wrote (8680)	4/26/2001 8:54:45 AM
From: Tom Hua	Read Replies (1) \| Respond to of 19633

Paul, as I expected the company took back their bullish prediction last month. I'm sure there'll be lotsa questions in the CC. Regards, Tom ``Furthermore, we are unable to predict when the current industry situation will improve. Thus, it now does not appear likely that we will achieve our previous guidance for fiscal 2001 revenue growth of 50% or more, which was based on the assumptions we made earlier in the year about the rate of the burn off to normal levels of our customers' end market chip inventory and the overall economy. In response to the soft conditions we are experiencing, we have implemented more stringent spending controls and have postponed certain capacity-related capital investments.