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But the results were far short of the 21 cents per share that Wall Street had been anticipating before the company said on Jan . 26that earnings would be hurt by a component shortage and by what the company called the failure of corporate customers to step up purchases after worries about the Year 2000 computer problem had subsided.
But the company also said that profitability was down in its cellphone division largely because of a component shortage and because its lower-cost handsets -- which yield lower profit margins -- were selling better than its more expensive models, particularly in Europe.
The results were far short of what Wall Street had been anticipating before the company disclosed on Jan . 26that earnings would be hurt by a component shortage and by what the company said was the failure of corporate customers to increase purchases after worries about the Year 2000 rollover had subsided.
A single component shortage could create a bottleneck for the entire production.
This has caused a continued component shortage that cannot be rectified for several months (4-6).
"We've taken steps to address the component shortage, and we'll continue shipping in higher volumes each week.
Similar(45)
Agilent attributed the expected shortfall to capacity constraints and component shortages.
The component shortages have ranged across a far wider variety of components than in past cycles, according to many analysts.
This may just reflect big wage increases in software and component shortages in the computer industry.
Because of component shortages in 1999 and early this year, customers were pressing chipmakers to rapidly increase their production.
He said he was optimistic that demand would remain strong, but cautioned that component shortages and other issues could be a problem.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com