Tag Archive for Agere Network processor

NP firm Agere – forecast dissapoints

Network Processor Agere is a small bit of trouble.
Shares of Agere Systems Inc. plunged Wednesday as the chip maker projected earnings below Wall Street estimate.
In midday trading, shares of Agere had skidded 50 cents, or 29 percent, to $1.25 on the New York Stock Exchange.
Forbes.com: Agere Forecast Disappoints, Stock Plunges