CAMD Charts - Headed for a double bottom at 5.02 or perhaps the low 2's or even the all time low at 1.50:
California Micro Devices (CAMD:Nasdaq - commentary - research) previewed a weaker-than-expected fourth quarter Thursday, saying it expects to report a loss of 4 cents to 6 cents a share on revenue of $13.8 million to $14.5 million. Analysts surveyed by Thomson First Call had been forecasting earnings of 4 cents a share on sales of $15.2 million. The company said the loss will reflect a plant-closing charge of $300,000 and an inventory reserve of $600,000. California Micro also cited weaker demand for mobile products.