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29 January 2008


WJ raises revenue and profit estimates again

WJ Communications Inc of San Jose, CA, USA, which designs and supplies RF products for wireless infrastructure, RFID and WiMAX markets, now expects fourth-quarter 2007 revenue of $10.5-10.6m, above the updated estimate of $10.2-10.5m that it released on 8 January (which itself was up on November’s guidance of $9.3-10.3m, due to strength within the distribution side of the business). The new estimate is 7-8% up on Q3/2007’s revenue.

WJ also expects to be profitable on a non-GAAP basis for the third consecutive quarter (since closing its wafer manufacturing facility in March 2007) and to generate $3.5m in cash (up from the previous estimate of $3.3m). Cash, cash equivalents and short-term investments balance is expected to be about $16.7m (as at the end of 2007).

Also, a customer that had delayed qualification of several cost-reduced parts during 2007 has now awarded WJ a substantial portion of their next procurement, which will allow WJ to re-engage with what it describes as a key customer. Shipments are expected to begin in second-quarter 2008 at the rate of about $400,000 per quarter.

WJ expects to report fourth-quarter and year-end 2007 results in late February.

See related items:

WJ Communications receives TD-SCDMA MCM Chipset order from China

WJ now expects Q4/2007 revenue to be up on Q3

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