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Strategies & Market Trends : Guidance II -- Ignore unavailable to you. Want to Upgrade?

To: 2MAR$ who wrote (7)	6/27/2001 5:28:30 PM
From: 2MAR$	Read Replies (1) \| Respond to of 2077

RSYS ($22.50)says to miss Q2 estimates, cuts jobs, CFO resigns RadiSys says to miss Q2 estimates, cuts jobs, CFO resigns HILLSBORO, Ore., June 27 (Reuters) - RadiSys Corp. <RSYS.O>, a telecommunications components maker, said on Wednesday it expects to post a wider-than-expected second-quarter loss and said it will take one-time charges for restructuring and excess inventory. RadiSys said it expects to post second-quarter revenues of $62 million and second-quarter pro forma net loss, excluding charges, of about 8 cents to 10 cents a share. Wall Street analysts polled by research firm Thomson Financial/First Call expected a loss of 5 cents a share. The company said it was also cutting 45 jobs, reducing salaries and closing one of its design plants as part of cost-cutting measures. RadiSys also said its Chief Financial Officer Stephen Loughlin has resigned and Glen Myers, its chief executive, will fill in until a replacement can be found. The job cuts will include senior and mid-level management roles and executive salaries will be reduced by 10 percent and mid-level management salaries by 7 percent. RadiSys shares lost 11 cents to $22.2 at the end of trading on the Nasdaq. ((Patrick Markey, New York Newsdesk, 646-223-6173, pat.markey@reuters.com)) REUTERS