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Atheros Q1 Forecast in Line, Stock Jumps Five Percent

in News on February 3, 2009 at 4:45 am PT

Good chip company, bad chip company: While SanDisk shares plummet 14 percent following a much-worse-than-expected Q1 outlook, Atheros Communications is up nearly five percent in after-hours trading at $12.68. During a conference call with analysts following a better-than-expected fourth-quarter report, wireless chip maker Atheros forecast Q1 sales to fall 12 to 18 percent, which would be a range of $80.61 million to $86.5 million.