National Semiconductor Cuts Revenue Forecast by 30% as Demand Declines With Economy, an Industrial Info News Alert

SUGAR LAND, TX -- (MARKET WIRE) -- Dec 11, 2008 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- National Semiconductor Corporation (NYSE:NSM) (Santa Clara, California), a manufacturer of chips for mobile phones, has announced a 2Q09 net income of $33.9 million, down 62.6% compared with $90.6 million in the same period last year. Revenues dipped 15.5% to $421.6 million versus $499 million last year. The decline in profit is largely attributed to decreasing demand as the economy worsened. National Semiconductor is forecasting a decreased revenue outlook by 30% for 3Q09.

For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=141957, or browse other breaking industrial news stories at www.industrialinfo.com.

Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to Email Contact or visit us online at www.industrialinfo.com.

Related News Articles

National Unemployment Rate Continues to Climb as 533,000 Jobs Are Lost in November

3M Joins Other Companies in Restructuring and Layoffs in Preparation for Sluggish 2009

Construction Machinery Manufacturer JCB Group Slows Down $20 Million Expansion in Georgia

Add to Digg Bookmark with del.icio.us Add to Newsvine

Contact:
Joe Govreau
713-783-5147





Review Article Be the first to review this article

Featured Video
Jobs
Transportation Specialist - Department of Transportation - (2100115) for City of San Jose at San José,, California
GIS Manager - Technical Support Group / Public Works for City Of Topeka at Topeka, Kansas
ArcGIS Maps for SharePoint Product Engineer for ESRI at Redlands, California
GIS Analyst for Union County NC at Monroe, California
Full Stack ArcGIS Software Developer for Patrick Engineering at Remote - preference for individual residing in Southeastern US (per below), Any State in the USA
GIS Manager for Union County NC at Monroe, California
Upcoming Events
Milipol Asia-Pacific 2021 at Singapore - Mar 23 - 25, 2021
Geo Connect Asia 2021 at Suntec Singapore - Mar 24 - 25, 2021
NextGen SCADA Global 2021 at United Kingdom - Mar 24 - 25, 2021
University of Denver GIS Masters Degree Online



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise