IXYS Lowers Quarter Revenue Forecast
IXYS Corp. (Santa Clara, CA) announced that it expects its revenue for the quarter ending December 31, 2001, to decline by up to 25 percent from its revenue for the September 30, 2001, quarter. This is a change from the 15- to 20-percent decline, which was previously estimated.
"The decline in revenue that we now expect to see in the December quarter is caused by our turns business being lower than what we had anticipated," said Arnold Agbayani, IXYS' CFO. "As with most other semiconductor providers, our business visibility has been limited, particularly so since the September 11th tragedy altered order patterns. It is still too early for us to issue guidance for revenue for our fourth quarter ending March 31, 2002. We expect to issue this guidance at the time that we report our December quarter results, which we expect will be released no later than the week of January 21, 2002."