Analysis

Mindspeed Raises Guidance for Fiscal Fourth Quarter 2012

12th September 2012
ES Admin
0
Mindspeed Technologies today announced that it has raised its fiscal fourth quarter 2012 guidance previously provided on July 23, 2012. Mindspeed now forecasts revenue in the range of $35 to $36 million, versus a prior range of approximately $33.5 to $35.5 million.
Our wireline business is stabilizing with improved demand for our high-performance analog (HPA) and VoIP product lines,” commented Raouf Y. Halim, Mindspeed's chief executive officer. “The early ramp of our wireless 4G/LTE SoCs is on track for the coming quarter, as expected. Furthermore, we believe that the Picochip acquisition and integration, as well as our global restructuring efforts to accelerate operating profitability, have already begun to show marked benefits to Mindspeed.”

Mindspeed will report its fiscal fourth quarter 2012 results and forward guidance on November 5, 2012.

Featured products

Upcoming Events

View all events
Newsletter
Latest global electronics news
© Copyright 2024 Electronic Specifier