This morning, we reported revenue for the second quarter of $35.6 million, which was sequentially down 18.1% but was in line with our previous range of guidance. As expected, wireless revenue declined sequentially by $10.6 million with the majority of this decline with RIM. Partially offsetting wireless in the quarter was an expected sequential increase in broadband revenue of $2.7 million attributing to strong shipments in cable infrastructure.In regards to our third quarter outlook, I mentioned in our last earnings call that we – our hope was for revenue in the second quarter to be the trough in revenue for the company, but that I couldn’t be certain. Unfortunately, that uncertainty still exists with us today. The shift in our wireless customer mix, particularly to Korea and China, has led to very short order lead times.
ANADIGICS' CEO Discusses Q2 2011 Results - Earnings Call Transcript
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