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madrose1

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madrose1

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Re: madrose1 post# 1226

Tuesday, 01/30/2007 2:49:08 AM

Tuesday, January 30, 2007 2:49:08 AM

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Genesis Microchip (GNSS) Not good. Revenue for the fiscal third quarter ended Dec. 31 was light at $51.1 million, versus estimated $54.5 million, and non-GAAP loss of 21 cents a share was worse than expected loss of 3 cents. Worse, the company sees March quarter revenue of $35 million to $40 million is much worse than Street consensus of $51 million. The company blamed “exposure to the TV market in Europe” and “loss of marketshare by a few of our key customers.” After hours, the stock is down $1.29, or 13%, to $8.57.

Know how to make God laugh?
Tell Her your plans ....

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