Recently, Cypress Semiconductor Corp. (NYSE:CY) slashed its revenue, gross margins and earnings guidance for the first quarter of 2012.
The chip maker now expects sales of $180 million – $190 million, down from its previous guidance range of $200 million to $210 million. While the sequential decline is expected to be fairly broad-based across all divisions and most product lines, the weakness is primarily in Computation and Consumer Division (CCD) and Memory Products Division (MPD).
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