LGVN
Vinod Agarwal, President and Chief Executive Officer said, "We are disappointed with our second quarter financial results, which are a direct reflection of the conditions impacting the entire industry. The sharp falloff in design starts and changing patterns in the order cycle are resulting in longer approval processes and purchase deferrals. John Barnet, Chief Financial Officer, commented, "We expect the cautious customer buying behavior will remain for the next few quarters and have adjusted our forecasts to reflect our more conservative outlook.
SMTL
Ray Thompson, president and chief executive officer, said, "Although the pace of the upturn is moderating...we expect fourth quarter new order bookings to be flat with the third quarter, but given the unsettled market situation there could be some downside risk in this outlook, as well as some upside opportunity."
DPMI
Peter Kirlin, chairman and chief executive officer of DuPont Photomasks, said, ...At the leading edge, we experienced a stable pricing environment and unit volume growth as customers continued to seek out our advanced mask technology. In the trailing edge segment, defensive price moves initiated early in the quarter in response to competitive price actions last quarter, led to increased unit volume and our recapture of market share. We believe prices at the trailing edge are stabilizing and market share gains in the future will be won through superior execution and service to our customers...while our customers believe that the worst of the semiconductor downturn is behind them, they exhibit cautiousness in the short term due to continued uncertainty in end use markets."
HELX
President, Robert J. Lepofsky, said, "...Looking ahead, while new order booking rates remain strong, given the general uncertainty surrounding semiconductor capital equipment investment plans, we do not expect to be able to sustain our rate of sequential quarterly improvement in the second half of this year. "
VTSS
Vitesse President and CEO, Lou Tomasetta, commented, "The continuing downturn in our industry has made it necessary for us to closer align our operating expenses with revenue levels that are lower than we expected at the beginning of the year.
TMTA
"The overall PC market has softened somewhat, as you know, and mobile computers are being affected as well, although not as dramatically as desktops. Considering the weak worldwide economy, we believe we should take a conservative view of revenue growth in the second half of the year...",Dr. Perry said.
SIPX
SIPEX Chairman and CEO, Doug McBurnie commented, "...Our results continue to reflect the challenging environment of this year's semiconductor market...in the current environment, visibility and predictability are elusive. Our focus for the next two quarters will be to align our cost structure to revenue in order to achieve neutral cash flow from operations....but in this uncertain market, it is unrealistic to promise growth. Our revenue projections take into account our end of life for our assembled products. We have been phasing these products out for two years with some reluctance from our customers..."
QLGC
H.K. Desai, the Company's chairman, CEO and president: "Despite continued weak economic conditions and sluggish technology spending...
MIPS
"Reflecting continued weakness within the semiconductor industry, our customers continued to opt for lower up-front per-use licensing fee deals rather than the higher up-front unlimited use fee licenses which were more frequently selected prior to the downturn," said Casey Eichler, chief financial officer.
IDTI
Jerry Taylor, IDT's chief executive officer: "As we enter the summer quarter, growth rates in the markets we serve continue to be uncertain..."
BELM
Don Bell, President and Chief Executive Officer of Bell Microproducts said, "Sales were lower than planned in all geographies. We experienced soft demand for the Company's computer components, including disk drives, microprocessors and other computer building blocks..."
Nokia says sees networks market down 10 pct 2002
SUNW
"IT markets continue to be soft and there are no signs of a change," said Steve McGowan, chief financial officer of Sun. He said that some cost savings because of lower hardware component costs had been wiped out by price cuts as the company sought to expand market share through a price war with competitors. |
