IDTI ($13.50) says Q2 revenue will be flat
SANTA CLARA, Calif., Aug 29 (Reuters) - Integrated Device
Technology Inc. <IDTI.O>, a maker of microchips for high-speed
communications and networking devices, on Thursday said
second-quarter revenue will be "essentially flat" with the
previous quarter.
The company said revenue in the first quarter, which ended
June 30, was $91.8 million. Last month, Integrated Device said
growth rates in the markets it served were uncertain as it
entered the second quarter.
Shares of Santa Clara, California-based Integrated Device
closed up 30 cents, or about 2 percent, at $13.67 in Nasdaq
trading on Thursday.
((Lauren Weber, New York Equities Newsdesk, 646-223-6000))
REUTERS
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