- Sequential quarter sales are now expected to be down 9% to 12%. This is a revision from previous guidance that called for sales to decline 3% to 8% sequentially.
- Weaker sales during the quarter are driven primarily by a decline in large customer business in the Communications end market.
- Gross margin is expected to be approximately 65%. This is a revision from previous guidance of approximately 64%.
No conference call will be held in conjunction with this business update. Additional commentary pertaining to the quarter will be available when the Company reports its December quarter financial results on January 18, 2012.
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