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Technology Stocks : Genesis Microchip (GNSS) -- Ignore unavailable to you. Want to Upgrade?

To: Venkie who wrote (951)	2/27/2002 6:03:44 PM
From: Brasco One	Read Replies (2) \| Respond to of 1277

Genesis Microchip reaffirms revenue guidance SAN JOSE, Calif., Feb 27 (Reuters) - Microchip maker Genesis Microchip Inc. (NasdaqNM:GNSS - news) reaffirmed its revenue guidance for the fiscal fourth quarter on Wednesday and said revenue would rise slightly in the first quarter as margins hold steady. San Jose, California-based Genesis Microchip said it expected sales in the fourth quarter of $55 million, with fiscal 2002 sales over $160 million. The average estimates of brokers surveyed by Thomson Financial/First Call was for fourth-quarter sales of $50.7 million and full-year sales of $158 million. For the first quarter of fiscal 2003, the company forecast sales of $60 million. The First Call estimate had been for $52.5 million. The company also said it expected pro forma operating margins of 44 percent over the next two quarters. Shares in Genesis Micro closed up 2.3 percent at $41 on Nasdaq. Their 52-week high is $74.90 and their 52-week low is $7.13. ______________________________ this pig is trading lower at 39 flat in AH trading.