Achieves Non-GAAP Operating, Net Income, and Earnings per Share
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
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
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
fiscal quarter. Reconciliations of the non-GAAP measures to GAAP
measures are included in the accompanying financial data.
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
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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Ticker: MSPD CIK: 1224370 Form Type:10-K Annual Report Accession Number: 0001047469-07-009623 Submitted to the SEC: Fri Nov 30 2007 6:01:30 AM EST Accepted by the SEC: Fri Nov 30 2007 Period: Sunday, September 30, 2007 Industry: Semiconductors And Related Devices