SAN FRANCISCOSemiconductor yield improvement technology vendor PDF Solutions Inc. Wednesday (Jan. 14) issued revised estimates for the fourth quarter of 2008, saying the company now expects revenue of between $13.5 million and $14 million.
PDF said it expects to incur a material non-cash impairment charge on its goodwill and other intangible assets due to the continued decline of the company's stock price. Before consideration of the impairment charge, PDF said it expects to report an operating loss for the quarter.
"New purchases of yield ramp solutions and software are pushed out as customers wait for improved demand and higher utilization of existing technologies," said CEO John Kibarian, in a statement. Kibarian added that chip manufacturers have lowered wafer production beyond what was expected in light of the global economic downturn.