Previous Statements by AVX
» AVX Corporation CEO Discusses F1Q 2011 Results- Earnings Call Transcript
» AVX Corp. F3Q08 (Qtr End 12/31/08) Earnings Call Transcript
» AVX Corporation F1Q09 (Qtr End 06/30/08) Earnings Call Transcript
» AVX Corp. F3Q08 (Qtr End 12/31/07) Earnings Call Transcript
But, good news is the margins held up well across many product segments, even with weakness in the distribution channel. The major influence on the quarter revenue was the hesitation by most major distributors to inventory above and beyond that tie directly to orders on their books. The OEM and CEM channels were impacted but not as deeply as distribution. There continues to be uncertainty regarding the general economy in that area. September wasn’t a normal month due to all those moving targets, including currency swings and speculation about the strength of the holiday sales. The end-market demand appears to have stabilized and some categories be increasing.