Integrated Device Skids on Warning

By TSC Staff ,

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.

Loading ...