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To: Return to Sender who wrote (2434)	3/27/2002 8:55:08 AM
From: Return to Sender	Respond to of 95587

ESS Technology raises guidance, cites strong demand biz.yahoo.com Wednesday March 27, 8:30 am Eastern Time FREMONT, Calif., March 27 (Reuters) - DVD chipmaker ESS Technology Inc. (NasdaqNM:ESST - news) on Wednesday raised its first- and second-quarter financial forecasts for the second time in a month, citing strong demand for digital video and video CD players. The Fremont, California-based company -- which last boosted its outlook on Feb. 28 -- said it now expects to report a profit of more than 27 cents per share in the first quarter. That compares with a previous per share forecast of 22 cents to 25 cents for the period. ESS Technology raised its first-quarter revenue projection to more than $75 million, up from its earlier forecast of $68 million to $70 million. Second-quarter results are ``looking stronger than previously expected'' ESS Technology said, adding that it will release a new forecast for the period when it reports first-quarter results on April 24. ``We attribute this growth in revenue to a very strong market for DVD and VCD players and to an increase in our market share in the DVD market,'' Robert Blair, president and chief executive of ESS Technology, said in a statement. ``We believe the market for DVD players is larger and growing faster than previously estimated and that our market share is continuing to grow.'' From Briefing.com: 7:37AM ESS Tech increases Q1 guidance; Q2 also looking stronger (ESST) 21.00: As reported yesterday, ESST raising guidance again for the second time in less than a month. For Q1, co sees EPS of more than $0.27 a share vs previous guidance of $0.22-$0.25 (consensus $0.24). ESST sees revenues exceeding $75 mln vs previous guidance of $68-$70 mln. Says Q2 is also looking stronger than previously expected. "We believe the market for DVD players is larger and growing faster than previously estimated and that our market share is continuing to grow." RtS

To: Return to Sender who wrote (2434)	3/27/2002 9:58:36 AM
From: Kirk ©	Read Replies (2) \| Respond to of 95587

Maybe one of us should start a short term industry trading thread that AD would participate in? I like the idea. Perhaps limit the thread to trading stocks on Don's list plus stocks in the SOX? It might be fun/interesting for those of us that buy or sell infrequently but would be a place to record our trades? I like to watch when Cary scales in or out of a position for example. BTW, I was waiting for $25 for AMAT and $13 for LRCX for buying more on this cycle (to add to my long position) and it seems I was much too greedy.... or the market is just getting too wise to the real value in these companies? I did manage to snag more shares for some other companies, A and SFAM(I like to take a flyer now and then on one that might go bust), at what I hope are good prices so all is not lost should we get a good recovery. Kirk