Feeds

Semi sector shows further signs of woe

Analog and LSI the latest victims

  • alert
  • submit to reddit

Intelligent flash storage arrays

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.

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
Scrapping the Human Rights Act: What about privacy and freedom of expression?
Justice minister's attack to destroy ability to challenge state
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.