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was down 19.5% in midafternoon, and other communications chipmakers were also down sharply as concerns about

softening chip demand resurfaced after

Cisco Systems

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(CSCO) - Get Cisco Systems Inc. Report

said it would seek to reduce inventory. Cisco reportedly accounts for 15% of Broadcom's revenue and 10% of the revenue at



. PMC-Sierra was down 17.3%.