Mindspeed Technologies – MSPD – Raised fiscal fourth quarter 2012 guidance
Mindspeed Technologies, Inc. (NASDAQ: MSPD), a leading supplier of semiconductor solutions for network infrastructure applications, 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 (MSPD) will report its fiscal fourth quarter 2012 results and forward guidance on November 5, 2012.
About Mindspeed Technologies – MSPD
Mindspeed Technologies (MSPD) is a leading provider of network infrastructure semiconductor solutions to the communications industry. The company’s low-power system-on-chip (SoC) products are helping to drive video, voice and data applications in worldwide fiber-optic networks and enable advanced processing for 3G and long-term evolution (LTE) mobile networks. The company’s high-performance analog products are used in a variety of optical, enterprise, industrial and video transport systems. Mindspeed’s products are sold to original equipment manufacturers (OEMs) around the globe.
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Post Written By: Ed Liston
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.
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