PLX Technology, Inc. Provides Updated Earnings Guidance for Fourth Quarter 2011
SUNNYVALE, CA — (Marketwire) — 01/09/12 — PLX Technology, Inc. (NASDAQ: PLXT), a leader in high-speed connectivity solutions for the enterprise data center, today announced revised earnings guidance for Q4 2011.PLX now forecasts the revenue range for Q4 2011 to be $25.7 to $25.9 million compared to previous guidance of $28.0 to $32.0 million. Gross margin is expected to improve to approximately 59 percent and the cash position will increase due to significant inventory reduction. Operating