Xilinx Cuts 3Q Sales Guidance On Weakness In Communications Segment |
| Wall Street Journal - Dec 19, 2011 |
Xilinx Inc. (XLNX) lowered its fiscal third-quarter sales guidance, citing a decline in large customer business in its communications segment.
The maker of programmable chips used on cellphone base stations, network routers, DVD players and cable modems now expects a 9% to 12% sales decline from the fiscal second quarter, down from its October estimate of a 3% to 8% sequential drop.
The latest cut indicates continued weakness in the semiconductor sector. Last week, chip maker Intel Corp. (INTC) warned its fourth-quarter revenue will fall about $1 billion short of its previous guidance as shortages of hard-disk drives are expected to hurt its core personal computer market for the next few months.
Xilinx saw its fiscal second-quarter profit fall 26% as sales declines in its communications and industrial segments contributed to a 10% revenue decrease.
Shares of Xilinx recently were trading at $30.72 premarket, down 1.6%.
Read Full Article from Wall Street Journal
- Posted: 2011-12-19 09:34:44
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