RadiSys Lowers Forecast
"Revenues for wireless infrastructure were weaker than expected in the fourth quarter," said Scott Grout, Chief Executive Officer. "We were expecting a decline in our wireless business from record levels in the third quarter. However, our revenue decrease in the wireless segment was larger than previously anticipated, due in part to customer initiatives to reduce buffer inventory levels. Revenues for the remainder of our business performed as we previously expected."
RadiSys will announce results for the fourth quarter 2005 after the market closes on Thursday, February 2, 2006. Following the February 2 earnings release, Scott Grout, Chief Executive Officer and Julia Harper, Chief Financial Officer, will host a conference call at 5:00 p.m. EST to discuss the Company's results, along with business highlights and outlook.
Radisys Corp. (Nasdaq: RSYS)