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Netgear (NTGR) this morning said revenue for its third quarter ended September 28 was $173 million to $183 million, well short of its previous guidance range of $208 million to $212 million.

In a statement, CEO Patrick Lo said the company “experienced weakness in September demand on our consumer products across all channels and in all geographies, particularly in the service provider channel, where our carrier customers worldwide requested shipment delays on previously placed orders, thereby preventing us from recognizing revenue on those orders.”

When the economy slows, the world buys a little less of everything.

For instance, communications equipment. This morning, Goldman Sachs analyst Simona Jnakowski cut estimates and price targets on Qualcomm (QCOM), Riverbed (RVBD), Aruba Networks (ARUN) and NetGear (NTGR), citing “risks to the economy from the recent financial market turbulance and slowing growth in Europe.” She also cut her rating on Infinera (INFN) to Sell from Neutral, citing “a significant decline in new customer additions over the past 3 quarters and data points of slowing carrier spending.”

When the economy slows, the world buys a little less of everything.

For instance, communications equipment. This morning, Goldman Sachs analyst Simona Jnakowski cut estimates and price targets on Qualcomm (QCOM), Riverbed (RVBD), Aruba Networks (ARUN) and NetGear (NTGR), citing “risks to the economy from the recent financial market turbulance and slowing growth in Europe.” She also cut her rating on Infinera (INFN) to Sell from Neutral, citing “a significant decline in new customer additions over the past 3 quarters and data points of slowing carrier spending.”

Broadcom (BRCM), a cutting-edge chip maker specializing in "system-on-a-chip" semiconductors and multimedia software applications, has provided chip technology for Apple's (APPL) new iPhone, Motorola's (MOT) cable set-top boxes, Netgear's (NTGR) wireless routers, and Bluetooth, among other major names in the field. The company, emerging as an aggressive competitor in the market for smartphones, has the potential for a 40% surge in share price according to Barron's Sandra Ward.

Netgear (NTGR) this afternoon posted Q2 revenue of $204.5 million and non-GAAP profits of 41 cents a share, well ahead of the Street consensus of $196.03 million and 35 cents.

However, CEO Patrick Lo said in a statement that “weakness in consumer demand in our top two retail markets, the U.S. and U.K., has and will continue to challenge our execution.” He said that for Q3, “lower than normal back-to-school demand due to the economic climate” would result in revenue of $208 million to $212 million, which is below the Street consensus of $213.9 million.