National Semiconductor (NSM) 3Q:2008 Results

Nat Semi hits numbers, guides a little bit worse but not as bad as the fears apparently, as the stock shoots up a dollar in the pre-market. Bookings were below normal seasonality but normalizing, according to the company. They'll need to do a lot of turns business in the quarter to get to the 440-460 mil they guided to. Nat Semi is performing well. Gross margins are near record highs and business seems to falter in less dramatic increments than it has in the past. They're a smoother ride. I don't really have an opinion on the stock one way or the other. It's cheapish. The revenue guidance is likely too high for next quarter. A mixed bag.