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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: niek who wrote (20643)	9/13/2006 5:26:52 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 25522

UPDATE 1-Xilinx lowers sales outlook on weak Asia Wed Sep 13, 2006 4:52pm ET (Adds details, stock price, analysts' estimates) SAN FRANCISCO, Sept 13 (Reuters) - Xilinx Inc. (XLNX.O: Quote, Profile, Research), a maker of programmable microchips, on Wednesday lowered its sales forecast for its second fiscal quarter, citing weakness in the Asia Pacific region. The company said it now expected second-quarter sales to fall 4 percent to 7 percent from the first quarter, down from its previous forecast that sales would be flat to down 5 percent. Xilinx shares fell 1.7 percent to $21.17 in extended trading. It closed at $21.54 on Nasdaq after falling 1 percent in regular trading. The company had revenue of $481.4 million in its first quarter, and the average forecast of Wall Street analysts for the second quarter was about $472.6 million, according to Reuters Estimates. The company said in a short statement that the revision was "a result of lower than anticipated sales from the Asia Pacific region". Xilinx's main competitor is Altera Corp. (ALTR.O: Quote, Profile, Research), which last week affirmed its third-quarter sales forecast of $334 million to $344 million, or flat to up 3 percent from the previous quarter.