Q4 Mid-Quarter Update
Reiterate Revenue and Gross Margin Guidance
Expect Overall Q4 Revenues Flat to down 5% from Q3
Expect Q4 Trade Revenues to be slightly up from Q3
Expect Q4 Gross Margins to Improve 200 bps sequentially due to better product mix, higher factory utilization.
Turns bookings strong in October, weakened throughout November.
Book-Bill Ratio slightly above 1:1.
Expect seasonal weakening in Book-Bill, Bookings, Turns through December-January.
Early strength in PCs, consumer. Later strength in notebooks, wireless.
The above forward looking statements are dependent on a number of risks and uncertainties, including those described in the company’s forms 10Q and 10K. Actual results may differ materially from those projected.