they have been stuffing the channel and it finally caught up with them. FIO was clearly prices for high growth that suddenly has gone down the drain. Look at revenue and EPS estimates for this Qtr and next BOTH in RED.
Management said they expect to return to growth AFTER this Qtr. All that means is they will clear the inventory this Qtr and start stuffing the channel again and call it growth.
Just wait till INTEL enter the picture and this puppy will get clobbered.