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Xilinx, the world's biggest maker of programmable semiconductors, said yesterday that second-quarter sales would miss forecast because customers have too much inventory.
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It does not expect to miss forecasts by 4 cents a share.
The company said revenue for the year would miss forecasts by $15 million to $21.5 million.
Motorola said that first-quarter profit would miss forecasts as margins lag analysts' estimates.
It is revenue, not profit, that will miss forecasts for the third quarter and the 2001 fiscal year.
Because once we did that, and we put that new process in place, we still continued to miss forecasts.
[C5.] Veritas Misses Wall St. Forecast Shares of Veritas Software plunged 36percentt after the company said that second-quarter sales and profit would miss forecasts.
Its shares fell as much as 10percentt, however, on news that the company expected third-quarter profit to miss forecasts.
Shares of Symantec fell 37percenttodayafterter it said fiscal first-quarter sales and profit would miss forecasts.
That was two days after the shares plunged 31percentt when P.& G. warned that earnings would miss forecasts.
Pacific Sunwear, which also sells clothing to teenagers, said fiscal second-quarter profit might miss forecasts because of slower-than-expected sales.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com