Shares of Mellanox (MLNX) fell 14% in after hours trading on Wednesday. The fabless semiconductor company issued a downbeat outlook for the fourth quarter of 2012.
Fourth Quarter Outlook
Mellanox issued a very weak outlook for the fourth quarter of 2012. The supplier of high performance and end-to-end interconnect solutions guides for fourth quarter revenues of $119-$121 million. This is far below the previous outlook of $145 to $150 million.
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