Dot Hill Systems Corporation (HILL) updated shareholders regarding various matters that will directly affect their business outlook for 2008. First, the company announced that they will begin to implent varying restructuring and cost reduction opportunities that will result in a one time case usage fee between the range of $1 to $2 million.

Furthermore, Dot Hil has also revised their preliminary financial results for the fourth quarter of 200. For the quarter ended December 31, 2007, the company is expecting net revenue to be in the range of $51 to $52 million. The company also announced that they expect cash equivalents and short-term investments to be approximately $82 million as of December 31, 2007.

Currently, Dot Hill is completing the review of its fourth quarter 2007 financial results which. . The company’s initial assessment is that it will need to complete both steps of the analysis prescribed under FASB Statement No. 142, Goodwill and Other Intangible Assets.

Dot Hill is to release final earning results on their fourth quarter 2007 earnings conference call scheduled for March 13, 2008.

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