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Buccaneers are back to .500 and in position to control their playoff hopes down the stretchBy KEN POWTAK Associated Press BOSTON - Pavel Zacha scored 2:49 into overtime, and the Boston Bruins beat the Philadelphia Flyers 4-3 on Saturday for their fourth straight victory. Boston's Brad Marchand tied it with 5:22 left in regulation. Trent Frederic had the other two goals for Boston, which is 7-2 since interim coach Joe Sacco took over for fired coach Jim Montgomery. Zacha scored the winner after Boston goalie Jeremy Swayman stopped Joel Farabee's breakaway seconds earlier. Rookie Matvei Michkov scored two first-period goals for Philadelphia in its second straight loss. Cam York also scored, and Travis Sanheim had two assists. Coming off a frustrating loss against Florida when they gave up a season-high seven goals, the Flyers blew a third-period lead for the second game in a row. Michkov scored a power-play goal at 7:24 when he one-timed a shot from the right circle off a short tip pass from Sean Couturier. His second came on a redirected shot at the edge of the crease. Takeaways Flyers: Leading all rookies in scoring coming into the day with nine goals and 22 points, Michkov had three assists in his last game on Thursday. Bruins: Sacco used star winger David Pastrnak on the top line with Brad Marchand for the second straight game and the first two times this season after Marchand scored two goals in Boston's last game. Key moment Marchand hustled to a puck deep in the offensive zone, skated around Tyson Foerster and slid the puck between Aleksei Kolosov's pads for the tying goal. Key stat The Bruins won the season series, 2-1. Up next The Flyers have a quick turnaround, hosting Utah on Sunday, and the Bruins are off until Tuesday when they start a five-game trip at Winnipeg.
(Reuters) - Microchip Technology lowered its third-quarter revenue forecast on Monday and announced the closure of its wafer manufacturing factory in Arizona, as the chipmaker looks to restructure under interim CEO Steve Sanghi. Microchip has been through a tumultuous few quarters, grappling with slowing orders for its automotive chips as carmakers, navigating an uncertain macro economy, clear existing inventory which they built up to avoid a supply crunch. The company now expects revenue to be close to the lower end of its previous forecast of $1.03 billion, below analysts' expectations of $1.06 billion as per data compiled by LSEG. Shares of Microchip fell over 3.5% in extended trading after being around 3% higher at close. The company's stock has fallen 22% so far this year. Microchip expects to shut down the Arizona facility in the September 2025 quarter and generate annual cash savings of around $90 million. "With inventory levels high and having ample capacity in place, we have decided to shut down our Tempe wafer fabrication facility that we refer to as Fab 2," said interim CEO Sanghi, who came into the role after Ganesh Moorthy retired from the top job at the end of November. The company said the closure should help the company moderate its inventory levels beginning in the fourth quarter and will affect around 500 employees. The company said that its other factories in Oregon and Colorado have ample space for expansion and plans to transition product manufacturing from the Arizona plant to other such facilities. (Reporting by Zaheer Kachwala in Bengaluru; Editing by Krishna Chandra Eluri) Copyright 2024 Thomson Reuters .
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