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Vitesse Semiconductor (VTSS) becomes the latest chipmaker to cut its guidance, warning FQ4...
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Monday, October 3, 2011, 9:13 AM ETVitesse Semiconductor (VTSS) becomes the latest chipmaker to cut its guidance, warning FQ4 revenues will be in a range of $29M-$30.5M, compared with a prior forecast of $35M-$38M. Vitesse primarily blames the cut on customer inventory reductions and economic fears. Rivals AMCC, MSPD, and PMCS haven't yet warned.
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