
						share: 
&lt;a href=&quot;http://digg.com/submit?url=http://www.seattlepi.com/business/article/Microchip-Technology-shares-dip-after-guidance-cut-2218878.php&amp;title=Microchip+Technology+shares+dip+after+guidance+cut&quot; target=&quot;_blank&quot;&gt;digg&lt;/a&gt;
&lt;a href=&quot;http://www.facebook.com/sharer.php?u=http://www.seattlepi.com/business/article/Microchip-Technology-shares-dip-after-guidance-cut-2218878.php&amp;t=Microchip+Technology+shares+dip+after+guidance+cut&quot; target=&quot;_blank&quot;&gt;facebook&lt;/a&gt;
&lt;a href=&quot;http://api.tweetmeme.com/share?url=http://www.seattlepi.com/business/article/Microchip-Technology-shares-dip-after-guidance-cut-2218878.php&quot;&gt;twitter&lt;/a&gt;						 LOS ANGELES (AP) &mdash; Shares of Microchip Technology Inc. fell Friday after the company cut its guidance for its earnings for the quarter through September, saying an expected uptick in demand due to the Christmas holiday had not materialized and a weak global economy continued to be a headwind.

Microchip Technology said Thursday that it expects second-quarter adjusted net income of 45 to 47 cents per share, down from the 50 to 54 cents per share it forecast back in August.

[...] he said in a research note that those two companies&#039; shares did better following their second downgrade, and reiterated his &quot;buy&quot; rating on Microchip Technology with a $38 price target. 
					