National Semi Sees Steeper 3Q Sales Drop

Discussion in 'Stocks' started by S2007S, Feb 5, 2007.

  1. S2007S


    im sure the semiconductors will find a way to move higher tomorrow.

    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.
  2. oh yeah, it's becoming a joke now. AMD warns, now NSM, but the semis remain analysts' favorite! Somewhere down the line they'll have to face reality. Inventories are piling on sky high, see what SNDK revealed! So much for global liquidity