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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (56633)	11/30/2001 2:18:55 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

11/29 16:31 Conexant Shares Rise on Higher 1st-Qtr Sales Forecast (Update1) By Justin Baer quote.bloomberg.com Newport Beach, California, Nov. 29 (Bloomberg) -- Conexant Systems Inc.'s shares rose 2.7 percent after the maker of communications chips said its forecast for fiscal first-quarter sales improved. The shares climbed 41 cents to $15.48. Conexant, which makes semiconductors used in telephone, data and wireless networking gear, has fallen 35 percent in the past year. Conexant expects sales for the first quarter, which ends Dec. 28, to rise 5 percent to 7 percent from its fourth-quarter total of $201 million. That's a steeper increase than the ``modest growth'' forecast last month, the company said in a statement. Newport Beach, California-based Conexant predicted revenue from its wireless products will rise 25 percent in the first quarter from the fourth, besting the 24 percent sequential increase the company reported in the most recent period.