National Semi It was the second time this quarter Nation Semi has warned. The company also said gross margins will be weaker than expected. The chipmaker said it now expects a 7-8% sequential decline in revenues compared to its previous guidance of a 2-5% decline. National Semi shares slipped 2% in late trading, and Motorola Stocks rose during the day ahead of midterm election results, and Boeing Nortel Emerson Bookham The Nasdaq gained 10 to 2375, the S&P 500 added 3 to 1382, and the Dow climbed 51 to 12,156. Volume rose to 2.64 billion shares on the NYSE, and 2.16 billion on the Nasdaq. Advancers led 18-14 on the NYSE, and 16-14 on the Nasdaq. Upside volume was 55% on the NYSE, and 68% on the Nasdaq. New highs-new lows were 293-13 on the NYSE, and 171-42 on the Nasdaq. provided the latest sign of weakness in the wireless sector late Tuesday, warning that its November quarter sales will come in below estimates because of “lower-than-expected shipments to wireless handset customers.”
and Texas Instruments
also lost ground on the news.
was a big winner on a deal with FedEx
.
was a big loser, falling 10% on profitability concerns. The company also approved a 10-for-1 reverse split.
, RealNetworks
, InPhonic
and Insight Enterprises
gained on their results.
, Netease
, AudioCodes
and Himax
fell on their earnings reports. Sonus
lost 5% after delaying its results while it completes its stock option review.