Storage area network (SAN) products developer Vixel Corp. (Nasdaq: VIXL) was pounded for a big loss this morning after warning that it will report a fiscal Q4 loss between $0.26 and $0.30 per share on lower-than-expected revenues. Analysts surveyed by First Call had been hoping for a loss of only $0.25 per share or so. Revenues are seen between $7.5 million and $8 million for the period, a 10% to 16% sequential slide. Management said some customers have delayed orders for the company's 8100 full fabric fibre channel switch ahead of the introduction of its new 7000 series switch, which will hit the market in February. |