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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (78556)	6/13/2002 4:15:31 PM
From: Softechie	Respond to of 99280

GNSS Genesis Microchip warns for Q1 (12.24 +0.34) Reduces its Q1 revenue outlook to $41-$43 mln from previous forecast of $60 mln (Multex consensus $58.51 mln). GNSS blames shortfall on a recent drop in orders, which co attributes to customers working off their inventories that were built up in anticipation of continued strong unit growth in the flat panel monitor market. Co believes that growth has collapsed due to sector-wide LCD panel manufacturing constraints; does not believe rev shortfall was due to greater-than-expected price declines for its products in the qtr.