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Technology Stocks : Aware, Inc. - Hot or cold IPO? -- Ignore unavailable to you. Want to Upgrade?

To: David Lawrence who wrote (3921)	7/20/1998 10:15:00 AM
From: Scrapps	Respond to of 9236

I don't see anything that would carry over to AWRE here...You?? Analog Devices Estimates Third Quarter Revenues NORWOOD, Mass., July 20 /PRNewswire/ -- Analog Devices (NYSE: ADI - news) today announced that sales for the third quarter of fiscal 1998, which ends August 1, 1998, could be approximately 10% below the $333 million posted for the second fiscal quarter. This assessment was based on the company's results for the first two months of the quarter and the generally poor business conditions that continue throughout the semiconductor industry. The company also said it believes earnings will likely be down by a larger percentage than sales. The company cited as specific reasons for the anticipated revenue shortfall the dramatic downturn in the automatic test equipment (ATE) market caused by the overall decline in the semiconductor market, weak demand in the distribution channel and the depressed business environments in both Southeast Asia and Japan. ''Despite the short-term uncertainties in the worldwide semiconductor business environment,'' said Jerald G. Fishman, President and CEO, ''we believe that our strong positions in the analog and DSP IC markets, coupled with the numerous key design-ins we have achieved with many large OEMs, have positioned us to substantially improve our performance as the semiconductor market recovers. These new, large opportunities suggest that the third quarter of fiscal 1998 could be the trough of the current semiconductor cycle for Analog Devices.'' Analog Devices expects to announce its third-quarter results on August 19th at approximately 8:00 a.m. Safe harbor statement under the Private Securities Litigation Reform Act of 1995: Forward-looking statements in this news release involve risk and uncertainty. Important factors, including overall economic conditions, demand for semiconductors generally, demand for the company's products, the occurrence of another inventory and lead-time reduction cycle, raw material availability (especially raw silicon wafers), availability of manufacturing capacity, technological and product development risks, competitors' actions, further adverse developments in Southeast Asia and other risk factors described in the Company's most recent annual report on Form 10-K filed with the Securities and Exchange Commission could cause actual results to differ materially. With fiscal 1997 sales of $1.24 billion, Analog Devices is a leading man- ufacturer of precision high-performance integrated circuits used in analog and digital signal processing applications. Headquartered in Norwood, Massachusetts, the company employs approximately 7,800 people worldwide and has manufacturing facilities in Massachusetts, California, North Carolina, Ireland, the Philippines and Taiwan. SOURCE: Analog Devices