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The dim outlook dragged down shares of the rest of the networking sector.
"If the United States cannot be a leader in technology and the manufacturing industry," he said, "then we have a very dim outlook for our future.
Despite the dim outlook, a few special items sparked interest among those affluent buyers who have not suffered too much from the decline in stocks.
Citi's analysts aren't the only ones on the Street with a dim outlook for the third quarter.
The dim outlook for the holiday shopping season did not sit well with investors, and the department store chain dropped 11.1%.
He fears the chip giant has too much capacity and inventory, given the dim outlook for its customers in the PC market.
Similar(47)
In those earlier days, they were the powerful chief economists at Salomon Brothers and the First Boston Corporation, respectively, and their dim outlooks shook markets.
Some mayors tried to couch their dim outlooks as "light black".
Mr. Herrmann said that the Nasdaq decline showed the dimmer outlook for the technology sector.
Re "Dimming Outlook for Bonds May Require Some Rethinking" (Mutual Funds Report, July 7), which described challenges ahead for fixed-income investments: Investing in a bond fund is, in effect, investing in a commodity or a commodity-type product.
Analog Devices Beats Estimates, Dims Outlook.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com