Sunnyvale, California-based Weitek Corp warns that it expects to report a significant loss for the second quarter to July 2, on top of which it expects to record charges of between $2m and $3m for excess inventory resulting from the sharper than expected decline in demand for its user interface products; the company says it had always expected that the current quarter would be the one in which customers moved to the new Power 9100 graphics accelerator from the Power 9000, but that demand for the latter is declining faster that it had originally anticipated – and it has lost a major customer order for the upcoming graphics accelerator.
