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Article: ZARLINK SEMICONDUCTOR (MITEL CORPORATION) RELEASES FISCAL 2002 FIRST QUARTER RESULTS.
- Article from:
- PR Newswire
- Article date:
- July 25, 2001
CopyrightCOPYRIGHT 2001 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Attn: Business/Financial Editors
PR Newswire, London, July 25. This press release is transmitted on behalf of Zarlink Semiconductor.
OTTAWA, CANADA -
Zarlink Semiconductor (formerly Mitel Corporation) today released first quarter results for the Fiscal 2002 period ended June 29, 2001.
As forecasted, revenue for the first quarter was $105.0 million (all figures in US Dollars), compared to $183.8 million for the same period last year, and reflects the continued downturn of the semiconductor industry.
Adjusted Net Loss (+) for the quarter was better than expected at $8.2 million or $0.07 per share, excluding the effects of ...