Montage Technology reports preliminary Q1 revenue $34.5M-$36.5M Montage Technology announced preliminary revenue results for Q1 of $34.5M-$36.5M, exceeding the previously announced guidance of $29M-$32M. The increased revenue expectations reflect higher sales of Montage's memory interface solutions due to growing demand for LRDIMMs. As a result, memory interface revenue is expected to increase more than 60 percent sequentially. Gross margin for the first quarter 2014 is expected to be above the previously announced guidance range of 60 percent to 62 percent.
Montage Technology receives NASDAQ extended stay Montage Technology announced that on October 21, the company received a letter from The NASDAQ Stock Market indicating that, pursuant to a request submitted by the company on October 8, the Nasdaq Hearings Panel has granted the company's request to extend the automatic 15-day stay of suspension of trading in the company's ordinary shares pending the hearing on the merits of the company's appeal scheduled for November 6 and a final determination regarding the company's listing status thereafter. The company plans to provide an update regarding its continued listing on NASDAQ once a decision has been issued by the Panel.