Avanexi tragöödia
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Nonii AVNX down another 20 % aftermarket.
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PRESS RELEASE: Avanex Corp. Revises 3Q Outlook >AVNX
Avanex Updates Outlook for Financial Results;
Conference Call Today at 4:30 pm EDT
FREMONT, Calif., Feb. 27 /PRNewswire/ --
Avanex Corporation (Nasdaq: AVNX), pioneer of photonic processors that
accelerate the deployment of the next-generation optical networks, today
announced revised outlook for the third fiscal quarter ending March 30, 2001,
for fiscal year 2001 and for calendar year 2001.
The Company announced that it expects sales in the third quarter of fiscal
year 2001 to be approximately $41 million (compared to $10.5 million in the
third fiscal quarter of 2000) and pro forma diluted earnings per share to be
$0.02 to $0.03 (compared to a loss of $0.04 in the third fiscal quarter of
2000). Avanex expects gross margins in the quarter to be approximately 46.5% as
a result of the revision in revenue estimates.
For fiscal year 2001, Avanex now expects revenues of approximately $169
million (compared to $41 million in fiscal year 2000) and pro forma diluted
earnings per share to be $0.15-$0.16 (compared to a loss of $0.11). For calendar
year 2001, the company expects revenues of approximately $200 million (compared
to $113 million in calendar year 2000) and pro forma diluted earnings per share
to be $0.20-$0.21 (compared to EPS of $0.05).
In today's announcement, Walter Alessandrini, Avanex Chairman and CEO, noted
that "orders for our more mature product line, PowerFilter(TM), have been
temporarily impacted by the carriers' lower spending on legacy systems, even
though we continue to see significant increases in international orders, in
orders for our next-generation products and in the number of customers we
serve."
Alessandrini said that the company expects its next-generation PowerMux(TM)
and PowerExchanger(TM) to represent over 70% of revenues in its third quarter,
compared to about 45% in the second quarter, while international sales will grow
to over 50% of revenues as compared to about 20% in the second quarter. The
company also expects to add a new 10% customer, Alcatel, in its third quarter.
"Even though we continue to see strong growth for the company as our next-
generation products take increasing hold in the marketplace, we believe it is
prudent to be more conservative regarding our short-term outlook," said
Alessandrini. "We remain very confident that our strategy to provide premier
advanced technology products will continue to place us at the front of the
growth curve as carriers around the world continue to increase investments in
next generation networks."
