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Silicon Motion Cuts Q4 View: Consumer Sales Weakening

in News on December 22, 2008 at 12:40 pm PT

Shares of Silicon Motion–the Taiwanese maker of chips that control flash memory and computer cameras–are falling after the company this morning said the current quarter’s decline in sales will be much deeper than previously thought, falling 25 to 30 percent sequentially, vs. a prior forecast of 10 percent.