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Mindspeed Technologies, Inc. (NASDAQ: MSPD) We have picks that move!(M2 PressWIRE Via Acquire Media NewsEdge) Hi and welcome to PicksThatMove.com where all you have to do is let us know what email address you want to receive our newsletter and then just watch the trade ideas we send you each week and track the incredible gains our current members are racking up. You see, our newsletter is truly different from the rest. We provide lots of content in our mailers with tons of information that the average person can understand. We don't waste time trying to uncover ideas that might move a wimpy 5-10% in a few months like most other guys. No, we're looking at stocks that can explode 50+% or more in a matter of days! Join Here! Today's news alerts include: Mindspeed(R) Updates Fiscal 2009 Third Quarter Outlook Mindspeed Now Expects Revenue Above Its Previously Announced Guidance Range for the Third Quarter NEWPORT BEACH, CA, Jun 08, 2009 -- Mindspeed Technologies, Inc. (NASDAQ: MSPD), a leading supplier of semiconductor solutions for network infrastructure applications, today announced an update to its business outlook for the third quarter of fiscal 2009. The company now expects revenues in the third quarter of fiscal 2009 to be in the range of $32.0 million to $33.0 million, excluding any potential patent sales. The company's previous guidance for third fiscal quarter revenue was to be in the range of $30.0 million to $32.0 million. The revision in guidance is attributable to strength in all three of the company's businesses, multiservice access (MSA) or voice-over-IP (VoIP), high-performance analog (HPA) and wide area networking (WAN). The company continues to experience better than expected 3G wireless infrastructure and fiber-to-the-building (FTTB) customer demand in China, as well as growth in crosspoint switch solutions. The company now anticipates non-GAAP gross margin to be approximately 61% for the third quarter of fiscal 2009. In addition, the company now expects non-GAAP operating expenses to be approximately $21.4 million for the third quarter of fiscal 2009, due to additional charges associated with the previously reported unexpected medical insurance claim. Mindspeed is scheduled to release its earnings results for the third fiscal quarter of 2009 on July 27, 2009. About Mindspeed Technologies(R) Mindspeed Technologies, Inc. designs, develops and sells semiconductor networking solutions for communications applications in enterprise, access, metropolitan and wide-area networks. The company's three key product families include high-performance analog transmission and switching solutions, multiservice access voice-over-IP processors designed to support voice and data services across wireline and wireless networks and WAN communication products such as T/E carrier transmission devices and ATM/MPLS network processors. Mindspeed's products are used in a wide variety of network infrastructure equipment, including voice and media gateways, high-speed routers, switches, access multiplexers, cross-connect systems, add-drop multiplexers and digital loop carrier equipment. To learn more, visit us at www.mindspeed.com. About PicksThatMove.com www.picksthatmove.com team of excellence strives to find undervalued, good momentum stock plays. We provide financial and investor relations services for small to mid-cap stocks with weekly and special newsletters to keep you informed of the latest movers. Unlike other sites, we explore, research, and understand all aspects of a company. We only recommend companies we feel has the potential for future higher valuations. Our seasoned research team is always looking for the next Xtreme Pick to send to you. www.picksthatmove.com is a leading stock website that provides free daily alerts on stocks that are moving up. www.picksthatmove.com also tracks small cap stocks that are on the brink of exploding. We also feature companies on our website with research report, analysis, and newsletters. To feature a company on our web site please contact us at [email protected] www.picksthatmove.com is an independent electronic publication that provides information on selected publicly traded companies. www.picksthatmove.com is not a registered investment advisor or broker-dealer. www.picksthatmove.com affiliates, officers, directors and employees may buy and sell additional shares in any company mentioned herein and may profit in the event those shares rise in value. Please do your own Due Diligence before investing in any of the stocks mentioned above. ((Comments on this story may be sent to [email protected])) (c) 2009 M2 COMMUNICATIONS |