Nvidia Lowers Revenue Guidance Amid Waning Demand
Nvidia Lowers Revenue Guidance Amid Waning Demand
Posted 01/14/2009 at 6:36am
| by Pulkit Chandna
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The global economy currently has a nimiety of bad news, which seems to be coming from all corners at a cataclysmic speed. Just a week after Intel revised its fourth-quarter guidance downwards, Nvidia has also followed suit. The company has lowered its fourth-quarter revenue guidance and now expects revenues to decline by 40 percent to 50 percent compared to the third quarter.
Just like other major chip manufacturers, including Intel, Nvidia also lays the blame on plummeting demand. It also blames “inventory reductions by Nvidia's channel partners in the global PC supply chain.” Nvidia will post its fourth-quarter results on February 10th.
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nduanetesh
January 14, 2009 at 7:44pm
"nimiety" eh? Very nice.
I certainly hope that the big manufacturers can weather this downturn in the economy. Of course, I also hope that any opening created by big companies shutting down will lead to opportunities for innovative smaller companies to get a foot in the door.
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