The Postman Always Rings Twice
InLibrisLibertas
Cypress Semiconductor warned on Q3 for the second time today, citing “sustained weakness in turns across multiple markets”. Earnings, originally guided up to 26¢, have now been taken down to 2-4¢. Revenue has gone from an original 280MM down to 220MM. Oops. If this is an indication of the chip market, then we will be hearing from others soon.
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