Stock Market Alert - XLNX Down on Q3 Expectations

Posted on Monday 11 December 2006



Stock Market Alert - XLNX had a poor showing on Friday, trading down over 6% to close the regular session at $24.83 after the company reported that Q3 sales would likely fall below Q2 sales. A Pacific Growth analyst surmised that the company’s sales may be down due to weaker demand among communications customers, and also possibly because of loss of market share, especially to Altera Corp. Volume was heavy on Friday, with over 19.7 million shares of the stock changing hands, compared to a normal daily average of just over 6.7 million shares traded.



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