SAN JOSE, Calif. Citing a shortfall in sales for memory testers, Mosaid Technologies Inc. on Friday (Oct. 29) lowered its estimates for the second quarter of fiscal year 2005, ended October 22.
Revenues for the second quarter of fiscal year 2005 are expected to be approximately $7 million, with an estimated net loss of approximately $1-to-$1.2 million. Mosaid (Ottawa) had previously forecast revenues of $8-to-$8.5 million and provided guidance for a loss of $500,000 to break-even.
Mosaid blamed the problems on a shortfall in sales for its memory tester lines. Other ATE vendors, Agilent, Credence, LTX, and Teradyne, are also suffering.
"The shortfall in revenues for the second quarter is due to the delay of a tester sale in our Systems Division," said George Cwynar, president and CEO of Mosaid, in a statement.
"We are seeing slowing growth in the semiconductor markets and the attendant delays in tester orders," he said. "Earnings were impacted not only by the loss of the tester sale but also by higher than expected litigation expenses."
Mosaid has filed a number of suits against companies over DRAM technology.