The Company previously forecast its revenue for the quarter ending September 30, 2003, to be in the range of $70 million to $74 million, its gross margin to be in the range of 24% to 27% and a loss per share of between $0.08 and $0.11.
Based on the Company's current shipments in this quarter, the current backlog and anticipated shipments for the balance of September 2003, the Company is revising its forecast to a higher level of revenue and improved margins and earnings per share compared to previous guidance. The Company now expects its revenue to be between $75 million and $77 million for the third quarter of 2003, with a gross margin between 25% and 28% and a net loss per share of between $0.06 and $0.08. The order pattern for the fourth quarter of 2003 appears to be favorable. As a result, the Company believes that it will be at the high end of the range for revenue guidance for the fourth quarter of 2003, which is a range of $72 million to $76 million. The Company will provide more detailed guidance for the fourth quarter of 2003 on October 23, 2003 when it announces its results for the third quarter of 2003.
Ralph Quinsey, President and CEO, stated, "We are updating and raising our guidance for Q3 2003 because our shipments and bookings have been very strong so far this quarter. End market demand for our products for wireless phone applications has been robust. We continue to gain share with our new products and continue to execute our plan to reduce costs and improve profitability."
ADCT weiss noch nicht,bin heute in Höft &Wessel rein,ich bevorzuge eigentlich deutsche Firmen