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Exar Revises Outlook for Fiscal 3Q12
This is a Press Release edited by StorageNewsletter.com on Fri, December 30th, 2011
Revenues only between $28 million and $30 million
The company currently expects revenue for the fiscal third quarter to be between $28 million and $30 million and non-GAAP gross margin to be between 48% and 50%.
"The revenue outlook across all product lines has fallen below the original forecasted range due to weaker economic conditions in Asia and Europe and continued inventory corrections," commented Kevin Bauer, the Company's senior vice president and chief financial officer.
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