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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."
News For PSEM From The Last 14 Days
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September 30, 2015
19:34 EDTPSEMPericom evaluating revised unsolicited acquisition offer from Montage
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09:13 EDTPSEMOn The Fly: Pre-market Movers
HIGHER: Mediwound (MDWD), up 25.5% after being awarded a BARDA contract valued up to $112M... Novavax (NVAX), up 8.4% after RSV F vaccine meets safety endpoints in its Phase 1 clinical trial... Western Digital (WDC), up 11.7% after receiving a $3.78B equity investment by Unisplendour Corporation... Esperion Therapeutics (ESPR), up 9.9% after being upgraded to Neutral from Sell at Chardan and after JPMorgan said they still see longer-term upside in the shares... Pericom Semiconductor (PSEM), up 6.5% after Montage Technology proposes to acquire the company for $18.50 per share... Fiat Chrysler (FCAU), up 5.2% after CNBC reported that the company could launch Ferrari's IPO as soon as Friday. NOTABLE: Ralph Lauren (RL), up 6.4% after appointing Gap's (GPS) global president of Old Navy, Stefan Larsson as CEO... Gap is down 7.4%. DOWN AFTER EARNINGS: Barracuda Networks (CUDA), down 28.5%... Costco (COST), down a half a percent.
07:06 EDTPSEMMontage Technology proposes to acquire Pericom for $18.50 per share
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