Mindspeed Slashes Outlook

Newport Beach-based semiconductor maker Mindspeed Technologies announced this morning that it has revised its second quarter 2013 outlook. The publicly held firm said it now expects total net product revenue to be approximately $35.1 to $35.5M, down from an earlier estimate of $38.4M. Mindspeed blamed the steep revenue shortfall on slower-than-expected deployment of 3G small cell base stations.