More on Silicon Motion: The chipmaker expects Q1 revenue to fall 15%-25% Q/Q, worse than a...
Monday, February 4, 6:54 PM ETMore on Silicon Motion: The chipmaker expects Q1 revenue to fall 15%-25% Q/Q, worse than a consensus for a 4% drop. 2013 revenue is still expected to grow 10%-20% (consensus is for 13%), but investors appear skeptical. SIMO claims Q4 sales were hurt by "accelerated" Q3 shipments of 4G transceivers to Samsung, and declining retail memory card controller sales. A further decline in Samsung transceiver sales, along with a "rebalancing" of sales at an OEM customer, is expected in Q1. SIMO -11% AH. CC at 8AM ET tomorrow (webcast). (PR)
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