If you were wondering why Texas Instruments (TXN) took a hit right after the close, look no further than NSM:
Aug. 22 (Bloomberg) -- National Semiconductor Corp., whose chips amplify sound in wireless phones, cut its revenue forecast because of lower-than-expected sales to mobile-phone customers. The shares dropped 7 percent.
Sales in the fiscal first quarter ending Aug. 27 will fall about 6 percent from the previous period, the Santa Clara, California-based company said today in a statement. That compares with a June forecast for a decline of 2 percent to 3 percent.
Aug. 22 (Bloomberg) -- National Semiconductor Corp., whose chips amplify sound in wireless phones, cut its revenue forecast because of lower-than-expected sales to mobile-phone customers. The shares dropped 7 percent.
Sales in the fiscal first quarter ending Aug. 27 will fall about 6 percent from the previous period, the Santa Clara, California-based company said today in a statement. That compares with a June forecast for a decline of 2 percent to 3 percent.
This entry was posted
on Tuesday, August 22, 2006 at 4:14 PM.
