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Multi-Fineline Electronix, Inc. Message Board

  • alphamontana11 alphamontana11 Feb 7, 2013 8:52 AM Flag

    Just 2 weeks ago..

    What changed in 2 weeks where they went from claiming 2q 'break even earnings' to now saying negative gross margins??

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    • here's what happen.

      Cirrus Logic (CRUS -2.4%) slumps after fellow Apple (AAPL +0.6%) suppliers TriQuint and Multi-Fineline issue light guidance. Multi-Fineline (MFLX +0.9%), which apparently received 84% of its FQ1 (calendar Q4) sales from Apple, expects FQ2 revenue of $180M-$200M, below a $218.2M consensus. Moreover, gross margin is expected to be "slightly negative," as the circuit board maker works to pare inventory - shares have already priced in a lot of bad news. Apple continues to outperform with some help from David Einhorn.
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