Customer inventory issues force chipmaker Mindspeed (MSPD) to issue a warning for the second...

|About: Mindspeed Technologies, Inc. (MSPD)|By:, SA News Editor

Customer inventory issues force chipmaker Mindspeed (MSPD) to issue a warning for the second straight quarter (previously): the company now expects FQ1 revenue of $33.3M, below a consensus of $36.3M.  Gross margin is expected to be 58%, below a guidance range of 60%-62%. In addition, Mindspeed is acquiring Picochip, a developer of femtocell base station chips, for $51.8M-$76.8M (depending on payouts). Shares -2.8%.