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Monday, December 8, 2008

Molex (MOLX) guides down... so does Altera (ALTR)... so does Integrated Device Technology (IDTI)

Molex makes electrical connectors. They go in all your doo-dads. December revenue is now expected to be 650-670 mil versus prior lowered outlook of 750-800 mil. They declined to give operational profit guidance as they're trying very hard to get costs down and can't tell how successful they'll be yet.

Altera, which a couple of months ago had guided to what seemed like an aggressive midpoint of down 1% now says revs will be down 9-12% for the December quarter.

IDTI says "Order patterns have deteriorated since mid-November as customers become more cautious in the face of a weakening economic environment. As a result of
diminishing demand from customers across all geographies and end markets, we now
anticipate that fiscal third quarter results will be below our prior
projections." Revs are guided to 165-170 mil vs prior 175-185 mil. EPS are guided a nickel lower. This one looks good compared to some of the others -- they're only down 10% at the midpoint versus their prior guidance.

I'm going to post this quickly before someone else blows up.

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