Once these most recent quarterly results are finalized, they will be run through TheStreet.com Ratings' model and our ratings will be adjusted accordingly. To keep up to date on all of our ratings, visit TheStreet.com Ratings Screener. On April 27, 2009, Mindspeed Technologies ( MSPD) reported that its Q2 FY09 net loss widened on account of lower revenue and asset impairment and restructuring charges. Net loss stood at $14.57 million or $0.62 per share compared to a loss of $1.84 million or $0.08 per share in Q2 FY08. Excluding one-time items, net loss increased to $5.74 million or $0.24 per share compared to a loss of $255,000 or $0.01 per share. The latest consensus estimate was a loss of $0.26 per share. Revenue dropped 21.3% year-over-year to $28.53 million from $36.25 million. Meanwhile, total product revenue reduced 23.2% to $26.53 million. Within this segment, revenue from multiservice access DSP products, high-performance analog products and WAN communication products slumped 5.1%, 19.6%, and 41.7% to $10.78 million, $8.16 million, and $7.59 million, respectively. On the other hand, revenue from intellectual property spiked 17.6% to $2.00 million. Geographically, revenue from Asia-Pacific, Americas and Europe plunged 10.5%, 29.9%, and 37.1% to $16.27 million, $8.73 million, and $3.53 million, respectively. Recently, MSPD launched the industry's first multi-channel, multi-rate, low-power chipset for serial digital interface (SDI) applications. In addition, it announced the expansion of its crosspoint switch portfolio with the addition of a 160x160, 6.5 Gbps asynchronous crosspoint switch. Meanwhile, the company licensed Cortex-A9 Multicore processor to be used in its next generation multi-service networking processors to support voice and data services across wireline and wireless networks. Looking ahead to Q3 FY09, Mindspeed estimates its revenue to be in the range of $30.00 million to $32.00 million, a growth of 13.0% to 21.0% over Q3 FY08 levels. Additionally, MSPD expects non-GAAP gross margin of 62.00% during the third quarter of FY09.