National Semiconductor Cuts 2Q Outlook
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Chip maker National Semiconductor Corp. lowered its sales guidance for the fiscal second quarter Monday, citing a lack of improvement in short-term orders and weak demand.
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National Semiconductor Corp.  NSM.N on Thursday said it would cut about 6 percent of its  work force to reduce costs amid a chip supply glut, and will  book severance charges of between $22 million and $26 million.
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Citing market conditions for the move, HP has dropped the processor just two months after Intel started shipping the 64-bit architecture for x86 systems.
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The chip maker now expects revenue of between $8.3 billion and $8.6 billion due to lower-than-expected worldwide demand for its processors as well as "customer reductions in component inventory levels."
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SAN FRANCISCO (CBS.MW) -- National Semiconductor reported fiscal first-quarter sales in line with its previously reduced targets Thursday, but the chipmaker said inventory adjustments will continue to sink sales during the second quarter.
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Wall Street readied for a second straight day of losses after technology leader Intel announced disappointing earnings and a dim outlook.
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STOCKS in the United States fell - led by technology shares - after the world&#39;s biggest semiconductor maker Intel cut its revenue forecast because of slowing demand for personal computers and mobile phones.
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The chipmaker says its revenue for the ongoing quarter will be $8.3 billion to $8.6 billion, down from the previous estimate of $8.
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Shares of National Instruments Corp.  NATI.O fell over seven percent after the close of regular  trade on Monday after it cut its third-quarter earnings per  share and revenue outlook.
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German semi-conductors giant Infineon expressed concern about the outlook for business in the second quarter of its fiscal year after earnings in the first quarter fell short of expectations.
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National Semiconductor has lowered its revenue expectations for its second business quarter. The new guidance for the quarter calls for revenues to range from $445m to $450m, down about 18 per cent to 19 per cent sequentially.
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Semiconductor biz feels the pinch as growth falls Chipmakers have fired off a warning that they expect to see the semiconductor industry slow with a predicted sales growth of less than two per cent this year.â¦
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(InfoWorld) - Sony is planning to cut spending on development of semiconductors over the next few years, the company said Monday. The cut comes as Sony is reaching the end of a three-year restructuring plan through which it's been trying to reduce costs by Â¥200 billion ($1.6 billion) through a variety of layoffs, plant closures, and the ending of unprofitable businesses. The plan, which has the end of March 2008 as its target date, had succeeded in achieving savings of Â¥147 billion by the end of December 2006. Nine factories out of a total of 11 targeted for closure had been shut down and 10,500 people --Â 500 more than targetedÂ -- had left Sony's payroll. The exact amount by which semiconductor research spending will fall has not yet been decided, said Tomiyo Takizawa, a spokesman for the company in Tokyo. A report in the Tuesday evening edition of the Nihon Keizai Shimbun business daily said Sony will cut chip R&D spending by about Â¥200 billion. It will achieve this by outsourcing production of a future-generation version of the Cell microprocessor to another company, the newspaper said. Sony's Takizawa said such a decision hasn't yet been made. The Cell processor lies at the heart of the recently launched PlayStation 3 games console and Sony has plans to put it in a wide range of consumer electronics products. The current version is built on a 90-nanometer production process and Sony will shortly begin mass production of a second-generation model that is built on a 65-nanometer process. Each step in process technology results in a chip that is physically smaller and uses less power but the jumps also require invest in chip design and chip manufacturing technology. By choosing to outsource production of the future 45-nanometer version of the chip, Sony will achieve the desired savings, the newspaper said.
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Take-Two Interactive Software said Tuesday that it cut its quarterly net loss in half, but gave an outlook that fell short of Wall Streetâs expectations.
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U.S. chip maker Texas Instruments Inc.  lowered the mid-point of its second-quarter revenue target on Monday as sales of calculators missed its expectations, sending its shares down 2.3 percent.
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US stocks fell, led by semiconductor makers including Intel Corp. after Xilinx Inc. and Altera Corp., the largest makers of programmable computer chips, lowered their sales forecasts as some customers cut orders.
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Advanced Micro Devices Inc. , the No. 2 microprocessor maker, warned on Monday that it will likely miss its quarterly revenue target as it loses market share among computer resellers, a traditional bulwark of its business.