Adaptec has issued a revised statement of expected revenue for its current quarter.

Adaptec’s chief financial officer, David Young, said: “We are continuing to see softness in the market and this has caused the company to re-evaluate our expectations for the current June-ending quarter."

The company expects revenues to be “flat to slightly up” for the first quarter of fiscal year 2002. This compares with the previous quarter, in which Adaptec achieved revenues of $110.6 million – without Roxio earnings.