Microchip Hunkers Down for Tough Times

The company said revenue in the third quarter totaled $269.7 million, vs. the $273 million expected by analysts, and up from $258.6 million at this time last year.

While the company noted that its inventory levels were flat at the end of the third quarter, it projected that its stockpiles would increase by 15 to 25 days worth of chips by the end of the fourth quarter.