Non-GAAP operating expenses were $11 million for Q2 compared with $11.3 million last quarter. We have been controlling our discretionary spending to reflect current business levels and for the current quarter of Q3, our OpEx will decline a few hundred thousand dollars or so due to reducing our worldwide headcount by 5% to 7%. Going forward, our non-GAAP operating expenses should remain within this range aside from fluctuations for variable selling cost.The non-GAAP effective tax rate was 9% for Q2 compared with 36% last quarter. The Q2 tax rate was unusually low due to the GAAP net loss for the quarter which resulted in some year-to-date true-ups. The tax rate was also affected by the mixture of income between foreign and domestic locations.
Pericom Semiconductor's CEO Discusses F2Q2012 Results - Earnings Call Transcript
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