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To: 2MAR$ who wrote (68)	6/13/2001 12:41:52 AM
From: 2MAR$	Read Replies (1) \| Respond to of 208838

Computer Chip Supplier Exar ( $22) Cuts Outlook 35% NEW YORK (Reuters) - Exar Corp. (NasdaqNM:EXAR - news) on Tuesday revised downward its first-quarter outlook as the supplier of computer chips said it felt the pinch of a slowdown in demand in the communications industry. The Fremont, California-based company said it now expects earnings per share for the first quarter ending June 30 of between 2 cents and 4 cents on revenues that are seen 35 percent to 45 percent below the $21.6 million reported for the fourth quarter. Analysts, on average, were expecting Exar to post first-quarter earnings of 7 cents a share, according to research firm Thomson Financial/First Call. ``Visibility in the market continues to be very limited as customers work through inventory and demand issues,'' said Don Ciffone, Exar's president and chief executive. ``This difficult environment has resulted in ongoing pressure on bookings and backlog.'' Exar shares closed at $23.02 on Monday, up from a year low of $15.38 but only about a third of its 52-week high of $64.19