Company downgrades, feeling it had reached a point where no further short-term growth was possible
Microchip Technology introduces a new product - a family of Serial EEPROM Devices with Single I/O Bus Interface - driving short-term stock prices up
Microchip Technology Inc. announced that it expects Q2 revenue below analyst estimates. The company’s sales were impacted by various factors including the current scenario of the US housing market. The company expects sales of $258-$259 million, a 2% declined compared to the previous quarter. Analysts expected sales of $267.27 million.