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EZchip (EZCH -15.8%) dives following its Q2 report. Though results beat estimates, the network...
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Wednesday, August 8, 2012, 9:55 AM ETEZchip (EZCH -15.8%) dives following its Q2 report. Though results beat estimates, the network processor vendor is guiding for a major Q/Q revenue drop for Q3 (consensus is for a 12% increase), and for 2012 revenue to "likely decline year-over-year" (consensus is for an 8.1% gain). EZchip blames delays in the commercialization of hardware featuring its NP-4 processors, due to software development and telecom capex issues. (PR)
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