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To: Tom Hua who wrote (18411)	1/15/2002 5:23:06 PM
From: Bocor	Read Replies (1) \| Respond to of 19633

also, DIGL warns... Tuesday January 15, 4:55 pm Eastern Time Digital Lightwave to cut jobs, warns on Q4 revs CLEARWATER, Fla. ,Jan 15 (Reuters) - Fiber optic test equipment maker Digital Lightwave Inc.(NasdaqNM:DIGL - news) warned on Tuesday it would report fourth quarter revenue below Wall Street expectations and cut jobs as it outsourced production in the face of a weak telecommunications market. Digital Lightwave said fourth quarter revenue would be $5 million to $5.5 million, shy of the Wall Street estimates of $6.7 million to $9.0 million, as compiled by Thomson Financial/First Call, and revenue for the year would drop about 18 percent compared with 2000, to around $82 million. It expected to take an $800,000 restructuring charge and outsource manufacturing and production in the first quarter, which together with previously announced cost cuts would reduce expenses by $16 million to $18 million a year, Digital said. ``Continued weakness in worldwide telecommunications capital spending and lack of clear market visibility have caused us to take these steps to preserve the company's long-term growth prospects,'' said Gerry Chastelet, chairman and chief executive. ``We expect that these actions, coupled with our strong balance sheet and highly regarded product lines, will position the company well for a market recovery,'' he added.