General Semiconductor Falls on Guidance; United Micro Unchanged
General Semiconductor (SEM) - Get Reportwas down 4% at midday after warning that second-quarter revenue would be down 15% to 17% from the first quarter and earnings per share would be 1 to 3 cents, sharply below the year-earlier 28 cents. The company said demand for its products continues to be weak.
Another chipmaker,
United Microelectrionics
(UMC) - Get Report
, was unchanged after saying it expects a second-quarter operating loss on revenue that will be down 35% from the previous period.
The
Philadelphia Stock Exchange Semiconductor Index
( SOX) was up 1.1%.
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