was overshadowed by a leaked memo from CEO Leo Apotheker that warned the company is bracing for "another tough quarter" in the May-July period, and that management needs to "watch every penny and minimize all hiring."
The weak outlook dragged down sdr 6 percent, at $9.92 in midday trading. MEMC Electronic Materials Inc. slid 44 cents, or 4.1 percent, to $10.40. KLA-Tencor Corp. was down $1.54, or 3.5 percent, at $41.95. Nvi22515
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da Corp. fell 53 cents, or 3 percent, to $17.17 and Advanced Micro Devices Inc. dipped 17 cents to $8.50.
Intel Corp. shares slipped just 22 cents to $23.42. During its annual investor meeting Tuesday, executives backed the company's second-quarter outlook and said Intel is set to book more than $50 billion in revenue this year.
Shares of Texas Instruments Inc. fell 71 cents, or 2 percent, to $34.20.