Feeds

LSI Logic warns on Q4 revenue

Less than half previous estimates

  • alert
  • submit to reddit

More gloom and doom for US tech stocks came today in the shape of a profit warning from chip maker LSI Logic.

The company warns that Q4 earnings and revenue will be lower than expected due to low customer demand and inventory build up. Q4 revenue is expected to be just three to four per cent up on the $728 million of the last quarter, while an increase of at least ten per cent had been predicted by the company.

Q4 earnings are expected to be up from 33 cents a share in Q3 to 34 cents, despite a prediction that they would increase to at least 36 cents in the quarter. ®

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.