Mindspeed (MSPD) Raises Q3 Sales Guidance
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Mindspeed Technologies, Inc. (NASDAQ: MSPD) raises its Q3 sales guidance from $30-$32 million to $32-$33 million, versus the consensus of $30.67 million.
The revision in guidance is attributable to strength in all three of the company's businesses, multiservice access or voice-over-IP, high-performance analog and wide area networking. The company continues to experience better than expected 3G wireless infrastructure and fiber-to-the-building customer demand in China, as well as growth in crosspoint switch solutions.
Sees non-GAAP gross margin to be approximately 61% for Q309. In addition, the company now expects non-GAAP operating expenses to be approximately $21.4 million for Q309, due to additional charges associated with the previously reported unexpected medical insurance claim.
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