Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : FSII - The Worst is Over? -- Ignore unavailable to you. Want to Upgrade?

To: SemiBull who wrote (2738)	1/9/2003 10:03:00 PM
From: SemiBull	Read Replies (1) \| Respond to of 2754

FSI International Issues 2nd-Quarter Guidance Thursday January 9, 10:41 am ET WASHINGTON (Dow Jones)--FSI International Inc. said it expects to report a net loss of about $11 million to $13 million on sales of $22 million to $25 million in the second quarter ending in February, according to its quarterly report filed with the Securities and Exchange Commission. FSI also said in the filing late Wednesday that it expects to cut costs to lower its break-even sales level and reduce cash usage. The company is evaluating pursuing a strategic partner for its microlithography business, according to the filing. The microelectronics equipment maker previously said it expects a second- quarter loss of $10 million to $12 million on revenue of $20 million to $25 million. A Thomson First Call survey of four analysts produced a loss estimate of 35 cents a share and revenue of $26.37 million for the second quarter. Gross margins in the second quarter are expected to be in the range of 28% to 30% because of a shift to higher margin "surface conditioning" products, partially offset by the continued underutilization of manufacturing capacity. FSI, Chaska, Minn., said in the filing it expects shipments to be about $25 million to $29 million for the second quarter, compared with $27 million in the first quarter ended Nov. 30. FSI shares recently traded at $5.15, up 26 cents, or 5.3%. -By Carrie DeLeon, Dow Jones Newswires; 202-628-7663 Dow Jones Newswires 01-09-03 1041ET