California Micro Devices Updates Q1 Outlook

June 07, 2001 by Jeff Shepard

California Micro Devices Corp. (Milpitas, CA) has updated the outlook for its financial performance for the first quarter, ending June 30, 2001. The company now expects revenues to be in the range of $7.6 to $8.4 million, which would be down 30 percent from the last quarter.

Due to the lower revenue and anticipated inventory reserves, the company expects to lose between $0.20 and $0.25 per share in the quarter.