, producer of power conversion semiconductors, said it is exploring the potential sale of all its non-focus products business, including both its non-aligned products and commodity products segments, which account for 23% of the company's revenue in its most recent quarter.
The El Segundo, Calif.-based company said that these products are not consistent with its long-term plans, or do not meet its gross margin and revenue growth targets.
Earlier the company announced the plans to de-emphasize its commodity business and accelerate the transition to its circuit products, which accounted for 77% of revenue in the most recent quarter, with gross margins of 48%.
The company has retained Goldman Sachs as an adviser on a possible sale.
Early Thursday, the stock rose $1.02 to $42.39.
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