| 07:43 ET Prudential cuts estimates for select chip co's : Prudential cuts Dec qtr and 2003 ests for ANAD, BRCM, EMKR, LSI, MCHP, PSEM, STM, TUNE, TXN, ATML, EXAR, NVDA, PMCS, and VTSS; firm sees their previous Q4 sequential rev growth forecast of mid-single digits as unlikely, given: 1) continued weaker than seasonal PC trends, 2) continued weak wireline communications, and 3) increasing evidence of digital consumer sluggishness; for 2003, firm now estimates mid-teens growth vs previous assumption of 20%. |
