National Semi warns of earnings, sales shortfall

National Semiconductor warned Monday that its second- and third-quarter sales and earnings will fall short of analysts' estimates.

National Semiconductor (nsm) shares closed up 81 cents to $36.94 ahead of the profit warning.

Company officials said it now expects second-quarter sales to fall between 6 percent to 8 percent from the $640.8 million it recorded in the first quarter. Full story. -- Larry Barrett, ZDNet Inter@ctive Investor