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|13th January 2009, 19:05||#1|
Join Date: May 2002
NVIDIA issues dramatic revenue warning
Graphics giant NVIDIA has issued a short statement significantly downwardly revising its revenue guidance for the quarter ending 25th January 2009 (Q4).
CEO Jen-Hsun Huang said in a November conference call that he expected Q4 revenues to be down around five percent, but this revision puts the sequential decline at a far greater 40-50 percent. The only explanation given was that the decline is "as a result of further weakness in end-user demand and inventory reductions by NVIDIA's channel partners in the global PC supply chain."
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