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

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)
Comments (1)
  • untrusting investor
    , contributor
    Comments (9973) | Send Message
     
    weak demand conditions ... no surprise, and 10% earnings miss pre-announced.
    13 Oct 2011, 05:11 PM Reply Like
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