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.

Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Trader J who wrote (3055)	1/2/1999 11:14:00 PM
From: Trader J	Respond to of 56535

ARTI - AHA!!! News item below. It seems as though the announced an earning shortfall for the Jan 19 release. That is why they received the H&Q downgrade. The bottom is out of this stock and I still like the prospects, still will probably, now, wait for the earnings release to see how the forward looking statements by the CEO pan out. SUNNYVALE, Calif. -(Dow Jones)- Artisan Components Inc. late Wednesday said it expects revenue and profit for its first fiscal quarter ending Dec. 31 to be "substantially lower" than expectations. Artisan attributes the revenue shortfall primarily to project delays related to internal problems at two of its major customers. In addition, the semiconductor industry slowdown continues to cause delays in new order bookings, the company said. The company (ARTI) said it expects to report first-quarter revenue of between $2.7 and $3.3 million and a net operating loss of between $1 million and $1.5 million. Artisan expects to release final results for the quarter on Jan. 19 after the close of market. The mean estimate of analysts surveyed by First Call was for net income of around cents per share. "Despite the lumpy nature of our contract bookings and revenue, we remain confident in the validity of Artisan's royalty-based business model and its long term benefits and are encouraged by early indications from our manufacturing partners," said Mark Templeton, president and chief executive. "Many of our major semiconductor manufacturer customers are continuing to experience difficult market conditions and we are feeling the effects of this. However, we are encouraged by the level of ongoing negotiations for new contracts and believe that we are positioned to benefit as conditions improve."