Philips estimates the semi-conductor Q1 operating revenue to reduce 10%

Philips said the companyˇ¦s semi-conductor revenue in Q1 would reduce 10% . Q1 semi-conductor turnover growth forecast was reduced to 7% compared with previous 15%. Reduction of earnings forecast resulted from the US economic decline and the slowdown of the telecom market, the company explained. Its earnings report will come out on April 17.

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