Seeking Alpha

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)
  • Spencer Knight
    , contributor
    Comments (416) | 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
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs