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Avici Routed on Warning

The Internet router company's quarterly revenue will be well below analysts' forecasts.

Investors dumped

Avici Systems


shares in premarket trading Friday after the Internet routing company warned about first-quarter revenue.

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Massachusetts-based Avici said revenue for the quarter ending March 31 will be $6 million to $8 million because of what it called "uneven customer order patterns," far below the consensus estimate of $10.8 million, according to Thomson One Analytics. Analysts also expect Avici to lose 72 cents a share during the period.

Otherwise, Avici reaffirmed its full-year 2004 guidance, calling for 20% to 30% growth in revenue, which would total $44 million to $48 million, based on its 2003 performance. The consensus revenue forecast is for $48 million.

The company reports quarterly earnings April 22.

Shares fell $3.30, or 20%, to $13.13 before the opening bell.