Mindspeed Raises Guidance for Fiscal Fourth Quarter 2012

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.