Here's a surprise: Mellanox (MLNX -0.1%) is near breakeven after guiding for Q1 revenue about...
Thursday, January 24, 12:38 PM ETHere'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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