said it is cutting as many as 1,150 jobs and forecast fourth-quarter revenue below analysts’ estimates as demand slows for its chips that connect mobile phones to the Internet.
The Irvine company’s shares fell as much as 8.6% in late trading. Sales will be about $1.98 billion, plus or minus 3%, the company said Tuesday.
Posted: 2013-10-23 04:05:00
