Short Take: General Semiconductor warns of lower Q2 earnings
General Semiconductor said that it expects earnings and sales for the second quarter ending June 30 to be lower than those of its first quarter. The company also said order trends have "weakened significantly" and that it doesn't expect any "firming" before September.
Jeff Pelline Staff Writer, CNET News.com
Jeff Pelline is editor of CNET News.com. Jeff promises to buy a Toyota Prius once hybrid cars are allowed in the carpool lane with solo drivers.
said that it
expects earnings and sales for the second quarter ending June 30 to be
lower than those of its first quarter. The company also said order trends
have "weakened significantly" and that it doesn't expect any "firming"
before September.