National reports 4Q loss as demand slumps

National reports 4Q loss as demand slumps
Tom Foremski
National Semiconductor, has said that poor demand in several of its key businesses led to a loss of $69.3m for its fiscal fourth quarter.
Its biggest slowdown in orders came from the North American market, followed by Southeast Asia, and Europe. Japanese demand improved slightly from the previous quarter.
National had warned last month that its fourth quarter would not meet analyst expectations. It reported some good news, saying that the rate of decline in orders had slowed in May, and that its digital wireless chip business is showing strong growth.
The company is preparing to introduce its PC-on-a-chip product this summer which could help drag it out of its slump as demand for cheap PCs continues to be strong.

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