Albuquerque Journal (Albuquerque, NM)

SBS Sales Goal, Stock Both Slide.(Business)

Byline: Aaron Baca Journal Staff Writer

Shares of Albuquerque-based SBS Technologies tumbled Thursday after the company reported it likely would not meet its sales goals for the quarter.

Several of SBS' larger telecommunications customers have asked the company to delay shipping products to them, CEO Christopher J. Amenson said.

The delay in receiving shipments by SBS' bigger customers will likely throw revenues off by about $5 million from previous estimates, he said.

SBS stock, which had closed at $22 a share on Wednesday, slid to $16.13 by the end of Thursday. On Friday, shares closed at $17.81.

SBS's earnings for the quarter ending March 31, its third in fiscal 2001, will likely be in the range of $45 million to $47 million. …

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