Kemet Corp., Greenville, S.C., said today that despite some order cancellations, it expects to achieve record sales and earnings for the third fiscal quarter ended December 31.
This is consistent with the company's expectations for the quarter announced in the October 23, 2000, second quarter earnings release, Kemet said.
"I am pleased with Kemet's excellent results for the sixth consecutive quarter," stated David E. Maguire, chairman and CEO. "Concerns over an economic slowdown have raised questions about our business in the last few months. While we have experienced some order cancellations, attributable primarily to inventory adjustments by our customers, we remain positive on the long-term fundamental growth drivers of the electronics industry in general and our sector in particular."
The company, a maker of solid tantalum capacitors and multilayer ceramic capacitors, said it plans to present further details of the third quarter results in the quarterly earnings release scheduled for January 22, 2001.