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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: D.B. Cooper who wrote (9050)	9/10/2002 11:23:06 PM
From: Boplicity	Respond to of 13815

pathetic, I didn't like how Jeb passed the buck so fast also. b

To: D.B. Cooper who wrote (9050)	9/12/2002 10:57:49 PM
From: D.B. Cooper	Read Replies (1) \| Respond to of 13815

For those that hold GNSS this news might apply to you. Now we will wait and see how MR. MARKET likes this news Genesis Microchip Says It Will Beat Estimates By K.C. Swanson Staff Reporter 09/12/2002 06:40 PM EDT Click here for more stories by K.C. Swanson In what's become a rare spectacle among tech companies, Genesis Microchip (GNSS:Nasdaq - news - commentary - research - analysis) said it will post higher-than-expected revenues for the current quarter. The company, which makes semiconductors for use in flat-panel displays and digital televisions, sells to customers such as Samsung, Apple (AAPL:Nasdaq - news - commentary - research - analysis) and Dell (DELL:Nasdaq - news - commentary - research - analysis). On a conference call, CEO James Donegan said the chipmaker will post revenue of $45 million to $46 million for the quarter ending in September, above the $42 million to $43 million it forecast in July. The new estimate represents a sequential gain of as much as 10% from the previous quarter. It's also above current Wall Street expectations for sales of just under $42 million. In after-hours trading, shares jumped 63 cents, or $7.35, to $9.20. Genesis Microchip closed for the day up 22 cents, or 2.6%. On the call, Donegan predicted total shipments for the quarter will rise 25% to 28% sequentially. He chalked up the growth to two factors: First, buyers have worked off a build-up of chip inventory, and second, demand has risen for flat-panel displays as their prices have declined. The price of a 15-inch LCD panel slid from $260 at the end of the last quarter to $210 now. Unit sales gains at Genesis won't translate directly to revenue gains, though, because the company's average selling prices are expected to drop. The average price of a Genesis component will fall 10% this quarter, in line with company expectations, said CFO Eric Erdman. He predicted a shift toward lower-cost components will reduce blended ASPS by 16% to 20% in the quarter. The company also predicted gross margins will fall in the range of 37% to 39%, excluding the effects of any charges. However, Genesis said it may take a charge of $1 million to $1.5 million to write off additional inventory reserves. Analysts currently expect Genesis to post earnings of 5 cents a share, flat with the prior quarter, according to Thomson Financial/First Call. I think the silvers are going to come in next week. Penni where are the keys to the motorhome? Good Luck