UPDATE 2-Order books on Argentina bond hit US$14bn
NEW YORK, Jan 18 (IFR) - Order books on Argentina's two-part US dollar bond have already swelled to US$14bn ahead of expected pricing on Thursday.
Shares of chipmaker Lattice Semiconductor (LSCC.O) fell 17 percent to a two-year low after the company cut its second-quarter revenue and margin outlook, prompted mainly by a shaky semiconductor market in Europe.
The company, which competes with Altera Corp ALTR.O and Xilinx Inc (XLNX.O), now expects revenue to be flat to down 4 percent sequentially, implying sales of $71.7 million to $69.5 million in the quarter.
The maker of customized programmable chips and associated software had earlier expected second-quarter revenue to be flat to up 4 percent sequentially.
Analysts were expecting second-quarter revenue of $73.5 million, according to Thomson Reuters I/B/E/S.
The company had earlier cut its revenue outlook for the third and fourth quarters, primarily because of weakening demand in its communications business.
Last week, rival Altera affirmed its second-quarter forecast of a sequential revenue growth of 14 percent to 18 percent.
Lattice, whose chips are used in communications, computing, industrial, consumer and automotive industries, also lowered its forecast for second-quarter gross margin to about 51 percent from 55 percent.
Shares of the Hillsboro, Oregon-based company, which have lost a quarter of their value in the past three months, fell 78 cents to $3.71 in early morning trade on Thursday on the Nasdaq.
(Reporting by Supantha Mukherjee and Neha Alawadhi in Bangalore; Editing by Sreejiraj Eluvangal)
RIO DE JANEIRO, Jan 18 Petróleo Brasileiro SA will appeal a court decision that suspended bidding for the lease of a first floating production, storage and offloading (FPSO) platform for the giant Libra off-shore oil field, the company said on Wednesday.
NEW YORK, Jan 18 Japanese motoring company Kawasaki said on Wednesday it was ending its association with reality TV show "The New Celebrity Apprentice" because of President-elect Donald Trump's continued involvement as an executive producer.