Xilinx lowers sales forecast
Xilinx, the San Jose provider of programmable chips, said today that sales for its most recent quarter will be down a bit more than it had previously thought, falling sequentially by 5 percent instead of the 4 percent drop the company had originally forecast.
The company blamed the drop mostly on “supply constraints” related to its Virtex-5 chip device, which it said are in high demand. The company expects that situation to be resolved in its current quarter. The company left unchanged its margin guidance of between 61-63 percent and forecast for operating expenses to be flat to slightly down.
In April, Xilinx said it would probably cut 200 jobs, or about six percent of its total workforce. The company also reduced executive salaries 10-20 percent.
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