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Article: DVDINSIDER: ESS Technology Updates Guidance for 3rd Quarter.

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DVD News
Article date:
September 25, 2003
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DVD NEWS-(C)1999-2003 DVD NEWS. Distributed for AM Newswire Inc via M2 Communications Ltd (www.m2.com).

ESS Technology provided an update regarding its third quarter guidance. Both revenues and profits are expected to be stronger than anticipated due to strong demand in all of the company's product lines and market share gains.

ESS Technology stated that third quarter revenues will be between $44 and $48 million compared to the company's earlier guidance of $37 to $41 million; this represents growth of 42% to 55% over results for the second quarter of 2003.

Net income per diluted share is also expected to improve by approximately $0.05 compared ...

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