Up premarket thanks to its Q4 beat, EZchip (EZCH -23.2%) has nosedived thanks to a downbeat...

|By:, SA News Editor

Up premarket thanks to its Q4 beat, EZchip (EZCH -23.2%) has nosedived thanks to a downbeat earnings call. The chipmaker stated Huawei hasn't yet placed production orders for EZchip's NP-4 processor, is developing a low-end network processor in-house, and might not use EZchip's next-gen NP-5 processor. Unfavorable comments were also reportedly made about ASPs and port counts at Cisco (43% of Q4 sales), though Cisco sales are still expected to grow in 2013. Q1 guidance is for revenue of ~$15M vs. a $15.2M consensus. (prepared remarks)