"We entered the quarter with backlog of $10.1 million, we believe we can see bookings in a range of $16 million to $19 million," Mr. Costa said. "Based on those figures, we believe we can see recognizable revenue in the March quarter from $15 million to $17 million. It is clear that this is going to be a quarter of dramatically improved P&L performance. We do not promise operating profitability in this quarter, but neither do we rule it out."
"Beyond the current quarter, I am extremely encouraged by the positive direction the business is taking as indicated by the rising rate of bookings and shipments, and I believe that the balance of FY04 should show sequential, sustained improvement."
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