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XYLAN WARNS OF Q2 DISAPPOINTMENT

Xylan Corp, Calabasas, California local network switch maker warns that revenue and earnings for the second quarter ending June 30, 1997 may be down from the first quarter, when it reported revenue of $48.0 million and earnings of $0.13 per share. Wall Street was expecting slightly improved earnings of $0.14. The company says results for the quarter will be adversely affected by lower than expected orders from a large OEM customer, material availability for its ATM switch product, and lower than expected shipments of its new Ethernet/Fast Ethernet products.

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