Integrated Device Skids on Warning
Integrated Device Technology (IDTI) - Get Report was down 6.5% in preopen Island trading, a day after it warned that revenue will drop to $120 million for its fiscal first quarter, well below the prior quarter's $213 million and the Thomson Financial/First Call consensus of $153 million.
The communications chipmaker blamed a continuing slowdown among makers of communications equipment.
Prudential Securities
lowered its earnings estimates for 2002 and 2003.
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