Mindspeed Posts 15% Sequential Rise in Quarterly Revenue

Mindspeed Technologies reported quarterly revenues of $23.2 million, representing a 15% increase over the previous quarter. Mindspeed's pro forma operating loss for the quarter was $18.2 million, an improvement of 27 percent over the pro forma operating loss of $25.0 million in the prior quarter.


Mindspeed said more than 75% of its sequential revenue growth during the quarter came from new products launched in fiscal year 2001 and thereafter, with particularly strong demand for VoIP, fiber-to-the-home, and DS3/E3 carrier solutions. Raouf Halim, Mindspeed's CEO, said "We believe that the telecom carrier markets are in the early stages of a sustainable recovery worldwide."http://www.mindspeed.com