Intersil (ISIL $11.14 -0.49) lowered its third quarter revenue
expectations to a range from $184 million to $188 million, versus previous
guidance of $205 million to $213 million and $208.97 million Capital IQ
Consensus Estimate.
The company said, "Demand during the third quarter has been weaker than expected
in all of our end markets. We believe this is the result of broad-based economic
weakness, along with some excess inventory consumption. However, we now see
signs that inventory is stabilizing, with bookings likely recovering to
consumption rates during the remainder of the third quarter."
As previously announced, third quarter 2011 GAAP earnings will be impacted by
approx. $8 million in non-cash costs associated with the long-term debt
refinancing.






