Actions Semiconductor plunges on guidance revision

|About: Actions Semiconductor Co., Ltd. (ACTS)|By:, SA News Editor

Shares of Actions Semiconductor (ACTS) plunge 13.5% on the day after the fabless semiconductor firm revised Q3 revenue guidance down to $17M from $19M-$21M and maintained gross margin guidance of ~34%.

The company blamed the warning on "overall demand for white-box tablets below market expectations and slower than anticipated adoption of quad-core solutions in emerging markets."