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July 25, 2001 | From Bloomberg News
Microsemi Corp. on Tuesday announced lower sales for the fiscal third quarter, sending the stock into a tailspin. The Irvine computer-chip maker's shares fell as much as $15, or 22.4%, to $52 after regular U.S. trading hours. The stock had closed at $67, up 55 cents a share, in regular Nasdaq trading before the financial results were released. Microsemi said sales dipped to $59.5 million from $59.9 million as demand from technology and wireless communications companies waned.
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BUSINESS
July 25, 2001 | From Bloomberg News
Microsemi Corp. on Tuesday announced lower sales for the fiscal third quarter, sending the stock into a tailspin. The Irvine computer-chip maker's shares fell as much as $15, or 22.4%, to $52 after regular U.S. trading hours. The stock had closed at $67, up 55 cents a share, in regular Nasdaq trading before the financial results were released. Microsemi said sales dipped to $59.5 million from $59.9 million as demand from technology and wireless communications companies waned.
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