im sure the semiconductors will find a way to move higher tomorrow.
AP
National Semi Sees Steeper 3Q Sales Drop
Monday February 5, 4:17 pm ET
National Semi Reduces 3Q Sales Forecast, to a Sequential Drop of 14 Percent to 15 Percent
SANTA CLARA, Calif. (AP) -- Chip maker National Semiconductor Corp. said Monday it expects third-quarter revenue to post a steeper drop than previously expected due to lower shipments into the Asia Pacific distribution channel.
The company projects a 14 to 15 percent sequential decline in third-quarter sales, implying revenue of $426.4 million to $431.4 million.
In December, the company projected third-quarter revenue would drop 8 percent to 11 percent sequentially, implying revenue of $446.4 million to $461.5 million.
Analysts polled by Thomson Financial expect the company to post revenue of $455.1 million, with earnings of 22 cents per share.
National Semiconductor is scheduled to post results for the period on March 8.
Shares of National Semiconductor fell 31 cents to end at $23.32 on the New York Stock Exchange.
AP
National Semi Sees Steeper 3Q Sales Drop
Monday February 5, 4:17 pm ET
National Semi Reduces 3Q Sales Forecast, to a Sequential Drop of 14 Percent to 15 Percent
SANTA CLARA, Calif. (AP) -- Chip maker National Semiconductor Corp. said Monday it expects third-quarter revenue to post a steeper drop than previously expected due to lower shipments into the Asia Pacific distribution channel.
The company projects a 14 to 15 percent sequential decline in third-quarter sales, implying revenue of $426.4 million to $431.4 million.
In December, the company projected third-quarter revenue would drop 8 percent to 11 percent sequentially, implying revenue of $446.4 million to $461.5 million.
Analysts polled by Thomson Financial expect the company to post revenue of $455.1 million, with earnings of 22 cents per share.
National Semiconductor is scheduled to post results for the period on March 8.
Shares of National Semiconductor fell 31 cents to end at $23.32 on the New York Stock Exchange.