Ruminations on the electronics industry from David Manners, Senior Components Editor on Electronics Weekly.
Wolfson Hit By Blackberry
Wolfson Microelectronics is thought to have been hit by the Blackberry debacle.
Wolfson’s Q4 forecast is $40 million to $50 million whereas it had generally been expected to be $58 million.
Q3 sales were $44million. Last year Q3 sales were $53 million.
The shares fell to below 150p. They have fallen by a quarter this year.
Blackberry’s Q3 saw sales down 45% on last year with a loss of nearly $1 billion on $1.6 billion of revenue.