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Technology Stocks : PHTN--Photon Dynamics, anyone follow this company -- Ignore unavailable to you. Want to Upgrade?

To: The Ox who wrote (929)	7/26/2006 4:11:04 PM
From: The Ox	Respond to of 930

Here's why the new lows are continuing: Mr. Hawthorne continued, "Recently, many of our customers have suffered from reduced profitability and cash flow as a result of oversupply in a seasonally slow marketplace for LCD products. While we believe this situation to be temporary because we are still early in the adoption phase for LCD televisions, our customers have delayed several investment decisions for the coming months. Although this situation could change dramatically if oversupply turns to undersupply, the current forecast shows lower than anticipated bookings for the next several quarters. The company is prudently cutting back on discretionary and variable spending at the same time it is continuing to invest aggressively in future products. If market conditions improve and our customers decide to re-accelerate their investments, Photon Dynamics is well-positioned to respond quickly." Company Projections for Fiscal Year 2006 Fourth Quarter The company estimates revenue for the fourth quarter of fiscal 2006 to be between $30 and $35 million with a loss per diluted share of ($0.15) to ($0.25).