Just over a month after the close of its fiscal 2009 second quarter, Aviza Technology has determined that “it expects not to meet its previously announced net sales and adjusted net loss guidance,” according to a release the Scotts Valley supplier of chip equipment maker filed Tuesday afternoon.
The company now expects sales for the quarter to be between Read the rest of this entry »
The board of directors at Pericom Semiconductor of San Jose decided Tuesday to change some of the terms of its change-in-control agreements it maintains with each of its executive officers, “and certain other officers to be selected by” the company’s chief executive,” according to a regulatory filing.
Among the changes instituted were that severance paid out to executives will be changed from a pay-out of Read the rest of this entry »
Rackable Systems, the Fremont provider of data-center servers and storage products, lowered its guidance for its 2008 fiscal year financial results, citing a “dramatic” market downturn. Sales for 2008 are now expected to be no more than $300 million and as low as $275 billion. That’s far below the $331 to $364 million range estimated by analysts surveyed by Thomson Reuters. Rackable also expects a big loss of between $1.46 to $1.26 per share compared with the 5 to 10 cent analysts had previously expected.
“The recent market downturn has been Read the rest of this entry »
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Maxim Integrated Products, the Sunnyvale chip maker that recently completed a major restatement project caused by a history of incorrectly priced stock option grants, said it expects to report sales of about $500 to $502 million for its fiscal 2009 first quarter ended Sept. 27, slightly below the consensus estimate of $504 in a Thomson Reuters survey. The company said per-share profits would now range from 19 to 22 cents, a bit below the 23 cents most analysts had expected.
The results will include an estimated $30 to $32 million in charges “primarily related to Read the rest of this entry »
Affymetrix, the Santa Clara maker of consumables for the life sciences and health care industry, said that its preliminary results for its third quarter showed sales of about $75 million, down from the $91.5 million most analysts were expecting. That’s an 18 percent miss, about the same size drop as the company’s stock price today, which fell Read the rest of this entry »
Coherent, the Santa Clara maker of lasers and precision optics, scaled back its expectations sales during its most recently completed quarter. It reduced its range by about 9 percent from $141 to $142.5 million down from $154 to $157 million, citing “delivery push-outs and lower orders from the microelectronics market” as the main reason for the lowered guidance.
The company also announced “another major component” of its “EBITDA initiative” — first time we’ve heard a company plan called something like that — which was the closing of its excimer laser site in Munich, which will be consolidated into the company’s other German facilities in Goettingen.
Chordiant Software slashed its forecast for its fiscal fourth quarter by a third and said it
will lay off 33 employees, or about 13 percent of its work force, after sales dropped toward
the end of September.
“The macroeconomic climate, even in the emerging geographies, which until recently had
remained strong, deteriorated significantly during Read the rest of this entry »
Netgear, the San Jose supplier of networking gear targeted for use by consumers and small businesses, pulled back its guidance for sales in its recently completed third quarter by about 15 percent, but says its operating margin — adjusted for some special items — will actually be higher. Huh? Read the rest of this entry »
Con-way, the freight transportation company based in San Mateo, lowered its operating profit guidance for full-year earnings in 2008 to between $2.60 and $2.80 per diluted share, 16 percent lower than its previous forecast of between $3 and $3.40.
“The economy has been battered by an unprecedented confluence of macroeconomic crises, curtailing demand for freight transportation services,” said Chief Executive Douglas Stotlar in a statement. “Over the past several weeks we have seen Read the rest of this entry »
AngXT, the Fremont supplier of chip-making materials, warned Wednesday that results for its quarter just ended will be below previous guidance and that it will likely record a loss instead of a profit, as previously estimated.
In addition to blaming the “overall market slowdown and lower than expected demand from customers”, the company referred to Read the rest of this entry »
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