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Here's a surprise: Mellanox (MLNX -0.1%) is near breakeven after guiding for Q1 revenue about...

  • Thursday, January 24, 12:38 PM ET
    Here's a surprise: Mellanox (MLNX -0.1%) is near breakeven after guiding for Q1 revenue about 40% below consensus. The fact shares (initially down 25% AH) had already been more than halved since September is undoubtedly a big reason why. Management noted on the earnings call one of its OEM customers saw a $30M inventory buildup that will be burned through in Q1, and expects growth to resume in Q2 and continue through 2013. (Q4 results) (Jan. 2 warning)
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    really poor management.. poor visibility and inventory control... The management belongs on Cramer's Wall of Shame!! Listened to the ocnference call and I was embarrassed for these high school amateurs .. maybe they are great clinicians, but as managers... 150 M was supposed to be the RR .. and to guid to half.. insulting investors and the business community!
    24 Jan, 02:11 PM Reply Like
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