Mindspeed (MSPD $4.73 -0.20) issues downside guidance for its fourth
quarter.
The company is expecting to see fourth quarter revenue of $40.5 million versus
the $43.14 million Capital IQ Consensus Estimate and below prior guidance 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.
Additionally, the company stated: "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."






