National Semi Cuts Revenue Outlook

SAN FRANCISCO -- The weakening wireless and consumer electronics market claimed another victim Monday, as National Semiconductor(NSM Quote) cut its sales forecast for the current quarter.

National Semi said sales will decline about 9% to 10% sequentially in its fiscal third quarter ended Feb. 24, instead of its original expectation of a 1% to 5% decline.

National Semi projected revenue of $450 million to $455 million, vs. the average analyst expectation of $484.7 million, as polled by Thomson Financial. ...