Friday, December 16, 2005
Lattice Semiconductor narrowed its fourth quarter revenue guidance.to an increase of 1 to 2 percent due to slightly lower-than-expected "turns" orders, which are orders placed and shipped within the same quarter, the company said.
Lattice posted third quarter net revenue of $53.4 million. A 1 to 2 percent increase in net revenue would put Lattice's fourth quarter net revenue in the range of $58 million to $63 million.
Lattice said it expects fourth quarter gross margin percentage to be approximately flat with the third quarter. The company expects total quarterly operating expenses to be approximately $36 million to $37 million. A one-time restructuring charge associated with an October layoff is expected to be approximately $8 million to $10 million, Lattice said.
By: DocMemory
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