Feeds

Semi sector shows further signs of woe

Analog and LSI the latest victims

  • alert
  • submit to reddit

High performance access to file storage

Two semiconductor companies have announced poor financial results, casting more doubt on whether the industry is really on the path to recovery. Analog Devices said net profits were 81 per cent down while turnover also fell sharply for its third financial quarter, while LSI Logic issued a profits warning for its third quarter. Analog’s profit for Q3 fell to $8.8 million, from $46 million for the same quarter last year, while sales fell by seven per cent to $294.9 million. The announcement pulled down other semiconductor share prices on Wall Street. The company took a charge in the quarter of $17 million to cover redundancies and fab closures. Analog blamed the general decline in the chip industry, coupled with excess stock. LSI Logic warned its shareholders that its Q3 would show turnover falling by between five and 10 per cent compared to the quarter before, with earnings also reduced. The company blamed the shortfall on Asian financial woes. Last week, National Semiconductor said it expected its profits for the rest of its 1998 financial year to fall.

High performance access to file storage

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.