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Politics : Formerly About Advanced Micro Devices

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To: Duncan Baird who started this subject	9/13/2004 11:52:28 AM
From: tejek	of 1574261

Broadcom Trims Revenue Guidance By TSC Staff 9/13/2004 8:05 AM EDT Broadcom shares fell early Monday after the company Sunday issued lower third-quarter revenue guidance, partly because of weakening demand in the Chinese cellular handset market. The Irvine, Calif.-based semiconductor company said revenue is now expected to be flat to slightly higher vs. second-quarter sales of $641 million. Broadcom previously forecast a sequential quarterly gain of 5% to 6% with revenue at $673 million to $680 million. The consensus forecast is for revenue of $675.8 million. Broadcom stressed that revenue in the current quarter will still be 50% higher than the $426 million revenue it recorded in the year-ago period. The company said the move is "attributable to requests from certain customers that the delivery of previously scheduled orders be delayed into future periods due to excess inventory within the supply chain." In particular, Broadcom cited weaker sales in satellite and cable set-top box applications as well as cellular handsets in the China market. thestreet.com

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