Aviat Networks updated its revenue guidance for the fiscal fourth quarter ending July 2, 2010, saying it now expects revenue to be in the range of $115 – $120 million. The company attributed the revenue shortfall from previous expectations primarily to component shortages and unexpected delays during the transition from in-house to contract manufacturing.
Chuck Kissner, Chairman and CEO of Aviat Networks, commented, “The Board of Directors and I are not satisfied with the Company’s operational and financial performance in recent quarters. Since being appointed as CEO two weeks ago, I have initiated a comprehensive review of our business in order to develop a focused strategic and operational plan. With this in place, we plan to move promptly and decisively to put Aviat Networks on track to restore profitability and establish a platform to drive sustainable revenue growth.”http://www.aviatnetworks.com
