General Semiconductor Inc, the Melville, New York-based maker of discrete power rectifying components, has warned investors that its second quarter is heading into trouble. The company, which was formed from the break up of cable television infrastructure giant General Instrument Inc in July last year, said that early indicators for the three months to June show a revenue decline of around 8%, with the knock on effect reducing profits by 25% from last year’s second quarter. The company blamed a slowdown in orders from Asia and Japan and over stocking problems in the PC and PC Peripherals industry. The shares have been marked down heavily throughout June, following a endless warnings from other semiconductor companies, but General Semiconductor is still tipped to benefit substantially from the implementation of digital television by cable operators.
