Feeling the pinch
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."
NVIDIA said there would be no further comment until the Q4 earnings announcement on 10th February. Shares were down in pre-market trading.