That these are challenging times in the semiconductor space is hardly news. In fact, flagging demand in markets like industrial, automotive, wireless and base stations has been the dominant story around names like
Broadcom (Nasdaq:
BRCM),
Analog Devices (NYSE:
ADI) and
Texas Instruments (NYSE:
TXN) for most of this year. In that context, then,
Altera's (Nasdaq:
ALTR) downward revision of third quarter revenue
guidance is not really a cause for panic.
The Dirty Details
Altera announced late Tuesday that in place of the 2% to 6% sequential growth management expected for the
Q3, sales were on a path to deliver something between a 3% contraction to 1% growth. Take the midpoint of that range, and Altera will fall short of the previous average
analyst guesstimate by about 5%.
Read more at the link below:
http://stocks.investopedia.com/stock-analysis/2011/Alteras-Adjustment-No-Need-For-Panic-ALTR-BRCM-ADI-TXN-NXPI-XLNX-ERIC0911.aspx
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