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National Semi Cuts Revenue Outlook

Stock quotes in this article: NSM  

National Semiconductor(NSM Quote) cut its revenue estimates for the current quarter, blaming slow sales to cell phone makers.

The Santa Clara, Calif., chipmaker said late Tuesday that it now expects sales in its fiscal second quarter to decline 7% to 8% sequentially, instead of the 2% to 5% decline it originally projected.

Shares of National Semi slipped 2.4%, or 59 cents, to $23.36 in extended trading Tuesday. ...

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