Customer collapse for fibre-optic networking biz
No one's making any money
Posted in Data Networking , 26th June 2001 10:44 GMT
Free whitepaper – Hands on with Hyper-V 3.0 and virtual machine movement
Applied Micro Circuits, which makes chips for fibre-optic networking kit, has slashed its Q1 sales forecasts by 53 per cent.
The company now expects to make a loss. Customer's are cancelling orders and not making fresh ones.
Sales will be between $40 million and $45 million for the quarter. In April, chief exec David Rickey said sales would be $70 million to $85 million and the company would turn a profit.
AMC's customers include Nortel and Cisco, which explains a lot. ®
Related Stories
Nortel culls 330 Northern Irish staff
MemoWatch Nortel 're-aligns' 10,000 employees
Nortel axes 10,000 more jobs
Cisco loses $2.69 billion on declining sales
Free whitepaper – Hands on with Hyper-V 3.0 and virtual machine movement
Send corrections
Enabling efficient data center monitoring
The new Office:
Top 10 SIEM implementer’s checklist
Data control in the cloud
