UPDATE 1-Melexis Q2 sales beat forecast, takes CDO hit

Newswire

* Q2 sales fall 45 pct to 28.2 mln euros, beats forecast * Takes financial hit on CDO portfolio, deepening loss * Reconfirms sales outlook range for 2009 * Says will not pay interim dividend (Adds details, background) BRUSSELS, July 30 (Reuters) - Belgian chip specialist Melexis reported a 45 percent year-on-year fall in second-quarter revenue on Thursday, above expectations, but swung to a loss after writing off its credit portfolio. Melexis, whose semiconductors for example ...

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