LOUISVILLE, Jan. 11 -- Sypris Solutions Inc. today bottomed its outlook for the fourth quarter, citing cost overruns and higher training costs.

The company expects to report a fourth-quarter loss of $0.07 to $0.10 per diluted share, compared to prior guidance for earnings of $0.17 to $0.20.

Expected revenue is $121 million to $123 million, which is consistent with prior guidance of $120 to $124 million.

"In many respects, we paid the price for this year's rapid growth during the fourth quarter," said Jeffrey T. Gill, president and chief executive, in a statement. "We experienced inefficiencies associated with rapidly changing demand and continued steel shortages, cost overruns for the installation of new manufacturing cells, increased costs for training people for new programs and additional charges to reflect the growing nature and complexity of the business, among others."

Gill said that while the company has resolved the "vast majority" of its issues, some further short-term expenses are expedted.

A series of programs coming online during the first half are forecast to increase revenues by $50 million to $60 million annually.

The company left its revenue outlook unchanged, with 2005 sales forecast to be up 20% to $500 million to $520 million. It cut earnings to $0.75 to $0.95 per diluted share, versus prior guidance of $1.00 to $1.10.

Sypris is a contract manufacturer of aerospace and defense electronics.

ANAHEIM, CA, Jan. 11 -- Next year's Measurement Science Conference will take place Feb. 27 to March 3, organizers said today.

The Measurement Science Conference consists of seminars, workshops and tutorials. The conference will be held at the Disneyland Hotel and Conference Center.

Also, the latest in measurement related equipment, systems and software will be exhibited. For details: msc-conf.com.

WILSONVILLE, OR, Jan. 11 -- Mentor Graphics said preliminary fourth-quarter bookings and revenues suggest records in both categories, with revenues expected to exceed First Call consensus estimates of $204 million.

Bookings were up about 40% year-over-year. Backlogs rose 35% from a year ago, the company said.

However, special charges are expected to result in GAAP basis earnings below guidance. Pro-forma earnings are expected to modestly exceed consensus estimates.

was up 15%, Europe 50%, and Japan and the Pacific Rim both up over 100% vs. last year.

Mentor will release fourth quarter and full year results after market close on Jan. 27.

ARLINGTON, VA, Jan. 10 -- Manufacturer-to-dealer sales of consumer electronics will reach a record-high of $125.7 billion in 2005, according to the Consumer Electronics Association, an 11% climb year-on-year.

CEA estimated 2004 would exceed initial expectations, reaching $113.5 billion, up 11% over 2003.

"These numbers reflect that consumer electronics is a hot industry," said CEA president and CEO Gary Shapiro. "Sales continue to surpass our expectations and break existing records year after year, because this is an everchanging industry that delivers innovative products that enhance consumers' lives."

Digital television continued to be a frontrunner, with sales rising 78% to $10.7 billion. Unit sales were up 63% to 7.3 million. Sales of LCD TVs topped $2 billion in 2004 and will surpass $3 billion in 2005. Plasma TVs will experience similar growth as unit sales reached 853,000 in 2004 and then grow to over 1.4 million units in 2005.

MP3 player unit sales more than doubled, to over 6.9 million units and revenues tripled to $1.2 billion. CEA forecasts revenues will hit $1.7 billion on 10 million units sold and in 2005. Satellite radio and video navigation are also helping to drive the aftermarket category. Mobile navigation devices sales topped $782 million in 2004, up 35%. Navigation device sales will hit $935 million in 2005, CEA said.

Flash media card sales rose 200% to more than $3 billion in 2004, CEA estimates. Demand for storage will push the market to nearly $6 billion this year.

Portable PC product revenues were up 10% to a record $17.2 billion. 2005 revenues are forecast to surpass $18 billion.

Phones with built-in digital cameras have helped add to the projected growth of 15% in revenues in 2004. Unit sales topped 79.6 million units and will grow to 89.2 million units in 2005. Wireless will reach a new high of $11.3 billion in 2005, CEA forecasts.