Semiconductor capital equipment makers were tumbling in preopen action this morning on the heels of a warning from
Altera said it expects fourth quarter growth to be at the low end of earlier estimates provided in October of 12% to 15% growth.
The company was hit by bearish comments this morning.
Credit Suisse First Boston
, for one, said it thinks Altera and its primary competitor,
, "will likely come under pressure given this news."
Altera also said in a release on its website that its resales for the month of October were "slightly below management expectations."