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Mellanox (MLNX) warns it expects Q4 revenue of $119M-$121M, well below prior guidance of...

Mellanox (MLNX) warns it expects Q4 revenue of $119M-$121M, well below prior guidance of $145M-$150M and a consensus of $148.3M. The company blames weaker demand, macro issues, and a "technical issue" related to cables for its 56 Gb/s InfiniBand hardware that caused $20M in orders to be delayed; Mellanox claims the cabling issue is fixed. Shares are halted, expect a big move lower. (institutional selling: I, II)
Comments (2)
  • where r there those sell siders who were banging the table a few months ago?
    2 Jan 2013, 04:30 PM Reply Like
  • The sell-siders sure look like they were right. MLNX up 13% today.
    13 Mar 2013, 01:44 AM Reply Like
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