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Stock Market & Financial Investment News

News Breaks
January 4, 2013
16:31 EDTPSEMPericom lowers Q2 revenue view to $29M-$30M from $30.5M-$34.5M
Q2 consensus $32.6M. Guidance for gross margins and operating expenses remain unchanged. "The demand environment has remained weak throughout the quarter, therefore we are updating our guidance on revenues," commented Alex Hui, President and CEO of Pericom. "We have seen continued softness in end user demand resulting from challenging macroeconomic conditions in both our domestic and international markets."
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