Mindspeed Technologies, Inc. (NASDAQ: MSPD), today announced preliminary results for the fiscal fourth quarter of 2011, which ended on September 30, 2011.
The company expects preliminary fiscal fourth quarter of 2011 revenue to be approximately $40.5 million. The company's previous outlook for fiscal fourth quarter revenues announced during the July 25, 2011 earnings conference call was a revenue range of $42.2 million to $43.9 million.
The company expects preliminary fiscal fourth quarter of 2011 non-GAAP gross margin percentage range and non-GAAP operating expenses to be consistent with the previous outlook announced during the July 25, 2011 earnings conference call.
"We experienced a weaker demand environment in the fiscal fourth quarter of 2011, primarily impacting our high-performance analog and legacy wide area networking business, as a result of weakening demand in the communications infrastructure market," said Raouf Y. Halim, chief executive officer of Mindspeed. "That said, we continue to believe that long-term growth for Mindspeed will be based on our strong design win pipeline for market leading solutions in key global networking initiatives, such as optical infrastructure and most significantly, our expansion into the 4G/LTE wireless market," added Mr. Halim.
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