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The Gloucester, Mass., semiconductor equipment maketr (Nasdaq: VSEA) now expects revenuee for the quarterendin Jan. 2 of $105 millionh to $110 million, down from prior estimate s of $115 million to $120 It is also forecasting an operating lossof $14 million to $16 million, whicyh includes a $5 million restructuring charge. “The semiconductor capitaol equipment market has continued to deteriorats through the quarter and we are experiencing a sharper than anticipatedr decline in sale of equipmentfand non-systems business, including spare parts sales.
The shortfalkl in forecasted quarterly revenue, particularlty the reduction in sales of spares and continues to pressure quarterly grossw margin andearnings projections,” said Robery Halliday, chief financial officer of in a statement. The company said it will continuew to cut operating expenses in light of thelower revenue, to $45.5 million in the quartef to end April 3, from $55.9 million in the quartetr that ended Oct. 3, 2008. . “We are confidenty that the measures taken to realign our cost structurer will put us in an excellent position to take advantage of any improvements in theeconomic environment,” Hallidauy said.
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