California Micro Devices (CAMD) has lowered first quarter revenue expectations. The firm also revealed it had been forced to temporarily shut-down operations.
CAMD stopped operations at its Milpitas base for two weeks from 25 May in order to cut expenses and align its inventory with orders.
The company expects the lower levels of business being experienced in three of its five main business areas will continue into the new financial year.
The computer, communication infrastructures, and older products divisions are all running with lower orders than those experienced in the last quarter.
Of its two remaining businesses, mobile and medical and flash memory, only mobile is seeing significant growth. CAMD expects mobile to quadruple in the next quarter.
First quarter revenues are expected to be between $7.6 and $8.4m, down 30% on the last quarter.
Bob Dickinson, president and CEO of CAMD, said: "We were hoping to see the end of order cancellations. Though they have diminished, they certainly have not vanished. The current business environment continues to be difficult, although we have also see some promising signs."
Other temporary closure news
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