Editorial Contact:
Investor Relations Contact:
Thomas Stites
Simon Biddiscombe
Mindspeed Technologies, Inc.
Mindspeed Technologies, Inc.
(949) 579-3650
(949) 579-6283
 
MINDSPEED® REPORTS FISCAL 2007 FOURTH QUARTER RESULTS

Company Achieves Non-GAAP Operating, Net Income, and Earnings per Share Milestones
 
NEWPORT BEACH, Calif., Oct. 29, 2007
– Mindspeed Technologies, Inc. (NASDAQ: MSPD), a leading supplier of semiconductor solutions for network infrastructure applications, today announced revenues of $33.7 million for the fourth quarter of fiscal 2007, which ended September 30, 2007, an increase of 1.4 percent compared to $33.2 million for the third quarter of fiscal 2007 and up 5 percent from the $32.2 million reported for the fourth quarter of fiscal 2006.

The company’s operating income on a non-GAAP basis was $1.1 million for the fourth fiscal quarter of 2007 compared to non-GAAP operating income of $300 thousand for the third fiscal quarter of 2007.  Presented on a GAAP basis, the operating loss was $400 thousand compared to $1.9 million for the third quarter.

The company’s net income for the fourth quarter of fiscal 2007 on a non-GAAP basis was $990 thousand, or $0.01 per share, compared to a non-GAAP net loss of $300 thousand, or $0.00 per share, for the third fiscal quarter.  Presented on a GAAP basis, the company had a net loss of $500 thousand, or $0.00 per share, compared to a net loss of $2.5 million, or $0.02 per share, for the third fiscal quarter.  Reconciliations of the non-GAAP measures to GAAP measures are included in the accompanying financial data.

Revenues from high-performance analog (HPA) products increased 8 percent sequentially, contributing 30 percent of total fourth quarter revenues.  Revenues from wide-area networking (WAN) communications products increased 1 percent sequentially, contributing 44 percent of the
total.  Revenues from multiservice access processor solutions declined 5 percent sequentially, contributing the remaining 26 percent of fourth quarter revenues.


The following information was filed by Mindspeed Technologies, Inc (MSPD) on Monday, October 29, 2007 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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