To: Condor who wrote (52480 ) 6/15/2001 9:47:41 AM From: Rande Is Read Replies (1) | Respond to Condor.. . . Careful that you consider that what happens in the past is not guaranteed in the future. Here is guidance on CATS from a few weeks ago. . . . which is not nearly as gleaming.Revenues for the fourth quarter totaled $17.3 million, up 1% from revenues of $17.1 million in the fourth quarter a year ago. Net income for the quarter was $2.2 million, or $0.11 per diluted share, down 55% from $4.9 million, or $0.24 per diluted share, in the fourth quarter last year. On a sequential quarterly basis, revenue was down 27% and net income was down 69%. Fourth quarter results include inventory charges to the cost of sales of $1.6 million. Without these charges, earnings would have been $3.8 million or $0.19 per diluted share. biz.yahoo.com ``Although the length of either the semiconductor slowdown or the general economic slowdown are subject to considerable uncertainty, we believe that our cost structure is competitive. We believe that our cost structure combined with lower prices negotiated with principal contractors, improved product lineup, and highly improved cash position put us in a better position than we have ever been to operate in this environment of uncertainty. Nevertheless, for at least the first quarter of fiscal 2002, we expect continuing pressure on ASPs, revenues and gross margins. Lower backlog and increased dependence on turns make forecasting more difficult. Our intention is to continue to focus on product development and to prepare to take advantage of more favorable business circumstances as they materialize in the future,'' concluded Vanco.
