Lattice Semi Trims Sales Forecast

Lattice Semiconductor(LSCC Quote) reduced its sales expectations for the current quarter.

The maker of programmable chips said Thursday that it expects sales to be down 1% to 3% sequentially, instead of its initial view that revenue would be flat to down 3% sequentially.

Lattice also noted that expects "strong " sequential growth in its line of FPGA chips this quarter, compared to the prior quarter when sales declined 2%.

The new guidance translates to a range of $57.5 million to $56.3 million. The average analyst expectation calls for sales of $57.3 million.

Shares of Lattice were off a penny at $2.28

On Wednesday, Actel(ACTL Quote), another programmable chip maker, sharply lowered its financial estimates because of weakness in the Asian market.

Earlier this month, Altera(ALTR Quote), the world's second largest maker of programmable chips, kept its sales outlook intact for the current quarter, projecting revenue to be flat to down 3% sequentially.