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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: DebtBomb who wrote (25708)	5/31/2001 10:47:10 PM
From: stomper	Respond to of 37746

I sure call this worse: IDT warns current quarter sales down sharply (UPDATE: adds background, share price) SANTA CLARA, Calif. May 31 (Reuters) - IDT Inc. (NasdaqNM:IDTI - news), which makes semiconductors for high-speed communications and networks, warned Thursday that revenues for the current quarter would fall sharply because of a continuing inventory overhang among its North American customer base. The company, which makes microchips that power voice, data and wireless networks, said it expects revenues for its fiscal first quarter ending July 1 to drop to near $120 million, a decline of about 44 percent from the prior quarter's sales of $213 million...."