2002 Q3 Mid-Quarter Update
Revenues: Q3 Flat to down slightly sequentially
Need % turns in Sept to hit guidance
Expect very modest seasonal upturn
Q4 unit upturn may be offset by price erosion
Gross Margins: Q3 Down slightly from Q2
Turns business expected at lower prices
Spending: R&D, SG&A flat as pctg of sales
Interest expense: $18.5M/quarter, down from $26M in Q2.
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.