Intersil (ISIL -0.3%) warns it expects Q3 revenue of $151M, down 19% Y/Y and below a $159.6M...

|About: Intersil Corporation (ISIL)|By:, SA News Editor

Intersil (ISIL -0.3%) warns it expects Q3 revenue of $151M, down 19% Y/Y and below a $159.6M consensus. Weak PC chip sales are blamed as the primary culprit for the shortfall. Shares are barely moving after plunging to 52-week lows yesterday thanks to downgrades from ISI and JPMorgan - JPMorgan argued Intersil is losing share, and its revenue growth figures seem to back that up.