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Conexant sees sales jump for quarter

Conexant said Thursday that it expects to see a revenue increase in its current quarter because of strong demand for chips used in wireless devices. The communications chipmaker expects total revenue to be in the range of $211.1 million to $215.1 million in its first fiscal quarter ending Dec. 28, a jump between 5 percent and 7 percent, compared with the $201 million it posted in its fourth quarter. The company also said sales from it wireless chip unit will grow 25 percent in the first quarter from the fourth quarter, compared with 24 percent growth between the fourth quarter and third quarter. In the most recent fourth quarter ending Sept. 30, the unit generated $65.2 million in revenue, or 32 percent of the company's total. The upbeat news comes during turbulent times for the chip industry. Conexant announced layoffs and reduced earnings expectations this year.

Conexant said Thursday that it expects to see a revenue increase in its current quarter because of strong demand for chips used in wireless devices. The communications chipmaker expects total revenue to be in the range of $211.1 million to $215.1 million in its first fiscal quarter ending Dec. 28, a jump between 5 percent and 7 percent, compared with the $201 million it posted in its fourth quarter.

The company also said sales from it wireless chip unit will grow 25 percent in the first quarter from the fourth quarter, compared with 24 percent growth between the fourth quarter and third quarter. In the most recent fourth quarter ending Sept. 30, the unit generated $65.2 million in revenue, or 32 percent of the company's total. The upbeat news comes during turbulent times for the chip industry. Conexant announced layoffs and reduced earnings expectations this year.