Metalink Cuts Q3 Outlook Citing Prolonged VDSL Trials in Japan

Metalink trimmed its third quarter revenue estimates and now expects revenue to be in the range of $4.7 million to $5.0 million, an increase of about 40% compared to Q3 2003, but an approximate 19% decrease compared to Q2 2004. The company attributed the lower than expected revenue to a continuation of trials by Japanese carriers beyond previous indications from our customers, and to a lesser extent, a greater than anticipated seasonality effect in Europe. Metalink said it still views Japan's VDSL market as a very important growth opportunity in 2004 and beyond. http://www.MetalinkBB.com