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Altera (ALTR) drops 4.3% AH after warning Q4 revenue will decline 13%-16% Q/Q, worse than prior...

Altera (ALTR) drops 4.3% AH after warning Q4 revenue will decline 13%-16% Q/Q, worse than prior guidance for a 7%-11% drop. The company, which previously claimed its sales weakness was due to oversized inventory drawdowns, blames its guidance cut on a deteriorating revenue outlook "across all major vertical markets," thanks to macro issues and weaker-than-expected customer sales.
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Comments (1)
  • Moon Kil Woong
    , contributor
    Comments (11925) | Send Message
     
    Pretty much all semis are a sell. The cycle is clearly down from here on out.
    8 Dec 2011, 07:10 PM Reply Like
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