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Network processor vendor EZchip Semiconductor (EZCH) drops 9.5% after posting Q3 results. While...
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Wednesday, November 2, 2011, 9:38 AM ETNetwork processor vendor EZchip Semiconductor (EZCH) drops 9.5% after posting Q3 results. While revenue of $18.7M (+14% Y/Y) and EPS of $0.35 beat by $0.2M and $0.03, the company forecasts Q4 revenue will decline 25%-30% Q/Q. While EZchip blames the weak guidance on customer inventory corrections, its severity will lead to questions about the impact of competition.
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