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To: Johnny Canuck who wrote (34137)9/10/2001 10:06:00 AM
From: xcr600  Read Replies (1) | Respond to of 69335
 
09:25 ET Avici Systems (AVCI) 2.78: Company warns for Q3; sees revenues for the qtr of $9-$10 mln vs earlier estimates of $22.5-$23.5 mln (mean $22.6 mln). AVCI sees a loss for the qtr of $0.40-$0.42 vs red ink of $0.23 anticipated by analysts. As part of cost-cutting initiative, company will reduce its workforce by 14%, or approx. 55 employees