DALLAS, Tex. -- Dallas Semiconductor Corp. said today that third party analysts' projections for its first quarter revenues are above what the company anticipates.
The company expects revenues for its first quarter ending April 1, to be down approximately 30% compared to the $130.1 millionreported for fourth quarter 2000, ended December 31, 2000.
"Current market conditions continue to result in low turns orders, order cancellations, and rescheduling," said Chao C. Mai, president and chief operating officer, in a released stetement.
"Broad-based efforts by our customer base to reduce inventories are negatively impacting our results. These factors limit our
visibility for the second quarter and beyond.
"We are taking actions to reduce production levels and implement appropriate cost reductions. Our commitment to new product development, which is key to our long-term growth, is unaffected," he added.
Dallas Semiconductor is in the process of being acquired by Maxim Integrated Products.