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

To: StanX Long who wrote (59674)	1/30/2002 3:31:46 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Multilink's Q4 sales falls 29% over Q3, projects Q1 to drop 55-63% Semiconductor Business News (01/29/02 16:37 p.m. EST) siliconstrategies.com SOMERSET, N.J. -- Multilink Technology Corp. reported sales of $26.7 million in the fourth quarter ended Dec. 31, down 29% from $37.6 million for the third quarter of 2001 but up 5% from $25.4 million in the fourth quarter of 2000. The supplier of communication chips also posted a loss of $8.4 million, or minus $0.12 a share, in the quarter, compared to a profit of $1.9 million, or $0.02 a share, a year ago. "We are pleased that we executed within the range that we provided for the quarter," said Richard Nottenburg, Multilink's co-chairman, president and CEO. "However, we continue to be disappointed by the near-term demand in the optical transport space and the lack of improvement in the end markets of our customers. We expect that revenues will decline sequentially to between $10 and $12 million during the first quarter of 2002," he said.