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Cavium (CAVM) becomes the latest chipmaker to issue a Q4 warning: the company now expects...

Cavium (CAVM) becomes the latest chipmaker to issue a Q4 warning: the company now expects revenue of $56M-$57M for the quarter, below a $61.6M consensus. Cavium blames weak demand from a variety of market segments, as well as a "hub transition" at a major customer (most likely Cisco). Shares are halted, and will resume trading at 4:30.
Comments (2)
  • Insurance Bull
    , contributor
    Comments (357) | Send Message
     
    It's hard to say for sure if this is an isolated case or if this represents a further chip producer slowdown. I side more on the side of an isolated case but I would like more details on how much revenue was lost due to the hub transition.
    27 Dec 2011, 04:38 PM Reply Like
  • 0ZJ
    , contributor
    Comments (69) | Send Message
     
    What qualifies an event like this to cause a cease in trading?
    27 Dec 2011, 04:51 PM Reply Like
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