Lattice Semiconductor Lowers Third Quarter Guidance

Posted by Ken Cheung in Other on Sunday, September 16, 2007
Xilinx CPRI and OBSAI LogiCORE IP Solutions »
« Temento Systems Targets North America

Lattice Semiconductor (NASDAQ: LSCC) announced third quarter revenue is now expected to be flat to down 2% sequentially. This is a revision from previous guidance of flat to up 4% sequentially.

  • Lattice's guidance is reduced primarily because of weakness in North American distribution resale, which has not shown an expected seasonal increase thus far during the month of September.
  • The reduced revenue forecast is primarily due to a greater than expected decline in mature products.
  • Lattice expects new products to continue to grow strongly in the third quarter.

Lattice will record a one-time restructuring charge in the third quarter estimated at $1.4 million to $1.7 million. This charge is related to a plan to lower operating expense by reducing headcount. This action will reduce operating expenses in the range of $1.4 million to $1.6 million effective in the fourth quarter of 2007.

More info:
Lattice Semiconductor

If you found this page useful, bookmark and share it on:

Xilinx CPRI and OBSAI LogiCORE IP Solutions »
« Temento Systems Targets North America

Possibly of Interest

 
FPGA Blog Newsletter
Don't have time to visit FPGA Blog everyday? Then sign up for our free newsletter. We'll send you an email when we have something to share with you. Your email address will be kept confidential and we will not share, sell, or rent it to anyone. You can unsubscribe at any time by clicking a link in the email.

Enter your email address to sign up for our free newsletter:   

If you are familiar with RSS feeds, you can also sign up for our free blog feed. Our RSS feed is updated in real-time while our newsletter is updated daily.