Inphi Corporation Announces Revision to Q2 Outlook Based on Executive Order issued to US Department of Commerce
INPHI (IPHI)
Last inphi earnings: 2/4 04:05 pm
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US:NYSE Investor Relations:
inphi.com/investors
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Source: GlobeNewswire
SANTA CLARA, Calif., May 22, 2019 (GLOBE NEWSWIRE) -- Inphi Corporation (NYSE: IPHI), a leader in high-speed data movement interconnects, today announced an update to its Q2 Outlook based on the Company’s understanding of the Executive Order issued to the United States Department of Commerce’s Bureau of Industry and Security (BIS) to add Huawei Technologies Co. Ltd and its affiliates to the Bureau’s Entity List. The company continues to study the order and the pertinent regulations and as the situation evolves or circumstances change, the Company may make further revisions to its estimates. The following represents the original Q2 business outlook which was published on April 30, 2019 and a revised current Business Outlook shown below based on current business prospects and our view that Revenues in Q2 2019 will be down approximately 5% compared to what they would have been absent the issuance of the Executive Order pertaining to Huawei. The Company does not currently plan to hol
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