Mindspeed Updates Outlook for Fiscal Second Quarter 2013

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Mindspeed Technologies, Inc. (NASDAQ: MSPD), a leading supplier of semiconductor solutions for network infrastructure applications, today updated its revenue outlook for the fiscal second quarter of 2013 previously provided on January 28, 2013. For the fiscal second quarter, ended March 29, 2013, Mindspeed now expects total net product revenue to be approximately $35.1 to $35.5 million. Management’s prior outlook was for total net product revenue to be approximately flat to up or down 2% versus total net product revenue in the fiscal first quarter of 2013 of $38.4 million. The revenue shortfall is primarily attributed to slower than expected deployments of 3G small cell base stations, with wireless infrastructure revenue expected to be approximately $2.6 to $2.7 million in the fiscal second quarter of 2013. Revenue from 4G/LTE small cell base stations, however, is expected to approximately double in the fiscal second quarter of 2013 versus the prior quarter.