Alpha updates forecast for fiscal 2002 Q4 results
Alpha expects to report fourth quarter net sales of approximately $28 million and an adjusted net loss of between $0.11 and $0.13 per share. Alpha s adjusted net loss for the fourth quarter of fiscal 2002 excludes transaction expenses related to its previously announced proposed merger with the wireless business of Conexant Systems, Inc. and one-time costs associated with the previously announced agreement to acquire Aimta, Inc. In its third quarter financial results news release and conference call on January 16, 2002, the Company said it expected its March quarter to be similar to the immediately preceding quarter s results of $33 million in net sales and an adjusted net loss of $0.04 per share.
"Entering the March quarter we expected the ramp of new module products and a strong turns business to offset traditional seasonal weakness, said David Aldrich, Alpha s president and CEO. "As a result of wireless infrastructure weakness coupled with order push-outs from a key handset OEM, we are revising our expectations for the quarter."
"Within the wireless infrastructure segment, our base station customers continued to struggle as a result of carrier capital expenditure tightening," Aldrich said. "In our wireless handset business, two orders which we expected to ship at the back-end of the quarter have been rescheduled. Nevertheless, these secured design wins will ramp in the coming months."
Alpha plans to report its fourth-quarter and fiscal year-end 2002 financial results on Tuesday April 30, 2002 after the market close.
Paul Vincent +1 781 935 5150 (x4438)
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Web site: http://www.alphaind.com
