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To: stomper who wrote (107228)6/7/2001 12:22:45 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 436258
 
LOL, I suppose this means they'll be increasing CapEx!

This is the meat of their results and projections:

Market Conditions

In terms of customer activity, National's worldwide bookings declined 19 percent sequentially from the third quarter of fiscal 2001 and 59 percent compared with last year's fourth quarter. Orders in the Asia Pacific region showed the smallest decline sequentially, compared with the third quarter, and were reinforced by actual sequential increases in orders for personal computer and information appliance products. Overall, fourth quarter billings exceeded bookings. But bookings actually improved from month to month throughout the quarter.

Forward Outlook

``Due to the low bookings in the fourth quarter we now expect a further decline in sales for the first quarter,'' Halla said. ``Going forward, we will continue to closely control costs while investing in key markets to maximize our potential for profitability.''

For the first quarter of fiscal 2002, the company's guidance is that sales may decline 15 to 20 percent sequentially. Due to the resulting under-utilization of manufacturing capacity, gross margins may decline up to 10 percentage points. The corresponding loss per share could range from 30 to 35 cents.


Good GOD, that's horrible!<NG>