Sales were also up from the fiscal second quarter, when sales totaled $661.5 million, the first time National has escaped a seasonal slowdown since 1984.
He added, "Now there isn't any question that there is a problem that extends beyond a seasonal slowdown."
The semiconductor industry's leading indicator fell in August, reflecting a seasonal slowdown, a trade group said today.
A. This right now is more of a seasonal slowdown.
Even with the seasonal slowdown this summer, their earnings should be up close to 60 percent this year.
The company attributed the results to a normal seasonal slowdown and said it expected a strong second half.
Mortgage applications have fallen since peaking in early December, though at least some of that is probably a function of a seasonal slowdown during the holidays.
Some said it was an ordinary seasonal slowdown.
Partly as a result of the seasonal slowdown in trading, Merrill said commission revenue fell 3 percent in the quarter, to $674 million.
Intel attributed that to a normal seasonal slowdown and said it expected a strong second half.