Microchip (MCHP), referred to by one pundit as a "canary in the coal mine" for chip stocks, is...

|About: Microchip Technology Incorp... (MCHP)|By:, SA News Editor

Microchip (MCHP), referred to by one pundit as a "canary in the coal mine" for chip stocks, is preannouncing FQ2 revenue of $340.6M and EPS of $0.45-$0.47, below a consensus of $362M and $0.52. The company reports seeing "weak, broad-based demand conditions," with an expected Christmas inventory build failing to arrive. (also)