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Technology Stocks : Semi Equipment Analysis

SOXX 312.18

-0.2%

Dec 9 4:00 PM EST

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To: Donald Wennerstrom who wrote (50484)	12/22/2010 11:16:47 AM
From: Donald Wennerstrom	1 Recommendation Read Replies (1) of 95541

Xilinx cuts revenue outlook for fiscal 3Q December 21, 2010 5:19 PM ET SAN JOSE, Calif. (AP) - Chipmaker Xilinx Inc. lowered its revenue forecast for its fiscal third quarter, sending shares falling in after-hours trading. Xilinx said it expects revenue to fall 7 percent to 9 percent below its second-quarter results. Based on Xilinx's second-quarter revenue of $619.7 million, that would indicate third-quarter revenue of $563.9 million to $576.3 million. Previously, the company had forecast revenue would be flat to 4 percent lower for the quarter that ends in December. The steeper drop in revenue is related to weaker-than-anticipated sales to a few large wireless communications customers, Xilinx said. The company said it expects revenue to grow in the fiscal fourth quarter, which ends in March. Xilinx left its gross margin guidance of 65 percent unchanged. Shares of the chipmaker fell $1.78, or 6.3 percent, to $26.61 in extended trading after the outlook revision was announced. Earlier, shares added 28 cents to close at $28.39. articles.moneycentral.msn.com

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