Someone please explain how this makes any sense????
From their Press Release:
"“As we transition to higher growth markets in high-performance analog solutions, communications processors and small cell wireless infrastructure, including the current ramp in 4G/LTE deployments, we have built a solid foundation for continued future profitable growth.”
Mindspeed forecasts total net product revenue in the fiscal second quarter of 2013 to be approximately flat to up or down 2% versus total net product revenue in the fiscal first quarter of 2013. The company expects fiscal second quarter of 2013 non-GAAP gross margin to be between 60-61 percent and anticipates non-GAAP operating expenses to be approximately $22 million in the fiscal second quarter of 2013.
So as they transition to higher growth markets they forecast an average of ZERO growth? "Flat to up or down 2%" means..... ZERO.