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Sequentially, this represents a reduction of $3.3 million for the first quarter, or a decline of 11.7%. As expected, infrastructure declined marginally after supplying pent-up demand in Q1. The lower revenue in wireless was principally due to an anticipated reduction of $2 million with Research In Motion, and then also by smaller declines in China OEMs who saw their own market shares drop as Apple and Samsung increasingly dominate smartphone sales.For the quarter, we again had three greater than 10% customers, namely Samsung, ZTE, and Huawei, and another five customers in the 5% to less than 10% range. These customers include Cisco, LG, two of our distributors, Richardson and World Peace Group, and also Sierra Wireless, who replaced RIM within this category in the quarter. Gross profit was impacted first by the decline in revenue and second by lower absorption of manifesting costs beyond the implemented cost reductions. We also absorbed additional costs as we introduce and ramp new technologies, processes, and products. Over time, these margin headwinds will ease as revenues recover and we complete the transition from legacy to new products. In total, our non-GAAP gross profit declined sequentially by $3.8 million. For the quarter, our non-GAAP gross margin was negative 7.7%. Research and development expenses declined 4% sequentially but remain elevated as we continue to bring more products to market and accelerate new product introductions. There is substantial activity in the wireless area, and we view our offerings as differentiated and highly competitive. We’ve received positive market feedback from customers and are working to secure design wins in support of revenue growth later in the year and into 2013. Selling and administrative expenses decreased by approximately 6% to $5.4 million following our second quarter reductions in force as we continue to eliminate or reduce noncritical expenses. We remain focused on streamlining our cost structure and on that front, we recently took additional actions that further reduced annualized expenses by over $1 million.
Our non-GAAP loss in the second quarter increased sequentially by $3 million to $17.9 million, or $0.25 a share, which excludes stock based compensation and the Q2 restructuring. Our EBITDA loss also increased by $3 million to $13.8 million for the quarter.We ended Q2 with a strong balance sheet including a solid $73.1 million in cash and marketable securities. Working capital was well-controlled, with a reduction in accounts receivable to 46 days, while inventory was reduced to a level that approximates five turns per year. Capital spending in the quarter was $0.7 million, and depreciation expense was $4.2 million. Capacity utilization was approximately 40% during the quarter. As in past quarters, we will not be providing specific guidance. However, as indicated in our press release, we believe revenues have stabilized as new products and wireless ramp and offset the decline in legacy business. We are pleased with the traction we continue to see in the development of our new products, and for further on products I’ll turn the call over to our CEO, Ron Michels, who can discuss it in more detail. Ron Michels Great, thank you Terry, and good afternoon everyone. Today I would like to review market dynamics, the progress that we’ve achieved with our new products, and catalysts that we anticipate will drive new revenue. ANADIGICS growth strategy relies on three market drivers, all fueled by the increasing demand for wireless data consumption. The first driver is the accelerated transition to 3G/4G, which is accompanied by growing RF front-end content in mobile devices. The second driver is the increasing carrier deployment of small cell networks that utilize our infrastructure power amplifiers, and the third driver is the expanding use of high-performance wifi enabling higher data rate connectivity in mobile devices. These market drivers are creating new applicational areas where we will be able to leverage a clear competitive advantage. Our first growth driver is the accelerated adoption of high-speed data devices in wireless markets. While overall mobile device shipments year to date have remained flat, our newest generation of products in the development pipeline are focused on high-performance 3G/4G devices. Read the rest of this transcript for free on seekingalpha.com