Sbs Technologies (NASDAQ:SBSE)
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SBS Technologies(R) (Nasdaq: SBSE) today announced that
sales for its first quarter of fiscal year 2006 ending September 30,
2005 are expected to be between $32 million and $33 million versus the
Company's previous guidance for sales to be between $35 million to $37
million stated in its earnings press release dated August 9, 2005.
"The reduction is primarily due to a combination of supplier
problems and customer delays that unfortunately were not resolved in
time to allow the affected shipments to occur before the end of
September," said Clarence Peckham, CEO of SBS Technologies. "Our
supplier problems were caused by quality issues at two key suppliers.
Although this delayed several shipments to our customers, these
quality issues have since been resolved. Additional delays were caused
by government customers not providing final approval of system
qualification test results until it was too late to ship products in
the quarter. Our bookings for the first quarter are on plan, and we
believe that our previously stated outlook for the year is sound.
Sales for the fiscal year ending June 30, 2006 are expected to be
between $165 million and $175 million," continued Peckham.
Additional information will be provided in the Company's earnings
press release to be issued after the close of markets on Tuesday,
October 18, 2005.
ABOUT SBS TECHNOLOGIES
SBS Technologies, Inc., (Nasdaq: SBSE) founded in 1986, designs
and builds a wide range of standard and customized embedded computer
products. Our products include processor boards, input/output modules,
networking devices, and complete computer systems. Our products are
used in many industries, including telecommunications, medical
electronics, industrial automation and defense. Headquartered in
Albuquerque, New Mexico, SBS maintains eight primary operating
locations, has regional sales offices throughout the United States and
has international sales and support offices in six countries. More
information on SBS is available at www.sbs.com.
This release contains forward-looking statements regarding future
events and the future financial performance of SBS that are subject to
a number of risks and other factors which could cause the actual
results to differ materially from those projected or implied in the
forward-looking statements. Among these factors are: timing of receipt
of government production orders; continued health of SBS' end markets,
including the semiconductor manufacturing equipment market and the
telecommunications market; sales to Ericsson to continue during fiscal
year 2006 at approximately the same dollar sales level as during
fiscal year 2005; the rate of adoption of the new AdvancedTCA(R)
standard in the telecommunications market; business and economic
conditions generally affecting SBS' customers and their end customers,
including but not limited to the changes in size and program
priorities of military procurement budgets; a high degree of
uncertainty and rapid change in the markets addressed by SBS' products
that could reduce sales or render certain SBS products obsolete;
customer demand for and acceptance of SBS' products which may affect
both sales and margins; SBS' ability to design, test and introduce new
products on a timely basis; and the other risk factors listed from
time to time in SBS' Securities and Exchange Commission reports,
including those listed under "Risk Factors" in SBS' Annual Report on
Form 10-K for the year ended June 30, 2005 filed with the SEC.