General Semiconductor

(SEM) - Get Report

slipped 1% in early trading after posting fourth-quarter earnings of 26 cents a share.

That meets the

TheStreet Recommends

First Call/Thomson Financial

estimate and is up from 23 cents a year-ago.

The bad news is that the chipmaker said its first-quarter earnings will not hit expectations and it plans to cut jobs and take a $14 million charge.