reported a narrower-than-expected third-quarter loss, but cautioned that the recent sales and earnings warnings from its component suppliers, competitors and retail partners may also hurt its own fourth quarter.
For the latest third quarter, the personal computer company reported a loss of $6.1 million, or 4 cents a share, before the amortization of intangible assets and certain other costs. The company lost $2.9 million, or 4 cents a share, in the same period a year ago. Three analysts expected the company to lose 5 cents a share for the quarter, according to
First Call/Thomson Financial
Revenue for the quarter rose to $175 million from $155.9 million a year ago.
The company said with the weakness in the PC market, "it is prudent for us to reduce production to be consistent with a market wide 20% decrease (year-over-year) in anticipated selling volumes."