AFFX showing $36.65 here down ....warned again, should have shorted it yesterday , prolly bounce
AFFX Affymetrix discloses increased risk to expected revenue targets for Mapping 500K Array Set (39.35 )
From the co's 8-K: "... More than 70 of our existing customers are currently scaling up production on the Mapping 500K Array Set and some of these customers are experiencing challenges in the scale up. Since many customers complete projects before reordering, this may affect the timing of the 500K product reorders. In addition, we believe that the market for whole genome mapping products has temporarily slowed as early technology adopters begin to report on their whole genome genotyping studies and customers evaluate claims of competitive products about future price and performance. The factors described above may increase the risk around our expected revenue targets for the Mapping 500K Array Set."
Know how to make God laugh?
Tell Her your plans ....