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Semiconductor manufacturer Conexant Systems (CNXT) - Get VanEck Vectors ChinaAMC SME-ChiNext ETF Report was down 29.8% in preopen Island trading after reporting it would fall 20% short of previous revenue estimates. Conexant blamed a steep drop in consumer demand and a resulting excess of inventories. The company now expects a loss of 5 to 10 cents a share for the first quarter compared to analysts' expectations of a profit of 11 cents per share.

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