NAND flash supplier Lexar Media, Inc. lowered its guidance for Q4 results, saying today that it December quarter revenues should be in the range of $237 million to $240 million.

In February the company had guided revenue to be between $240 million and $245 million, with a net loss of $17 million to $21 million, or 21 cents to 26 cents per share. Wit the new revenue projection, the company projects a net loss of $20 million to $23 million, or 25 cents to 28 cents per share.

Lexar also rescheduled its quarterly earnings release and conference as well, in order to facilitate the completion of its accounting analysis of inventory and other reserves, the company said. The company will report its Q4 2005 results after the market closes on March 14.

By: DocMemory
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