National Semiconductor Cuts Revenue Forecast by 30% as Demand Declines with Economy

SUGAR LAND--December 10, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--National Semiconductor Corporation (NYSE:NSM) (Santa Clara, California), a manufacturer of chips for mobile phones, has announced a 2Q09 net income of $33.9 million, down 62.6% compared with $90.6 million in the same period last year. Revenues dipped 15.5% to $421.6 million versus $499 million last year. The decline in profit is largely attributed to decreasing demand as the economy worsened. National Semiconductor is forecasting a decreased revenue outlook by 30% for 3Q09.