* Cuts Q2 rev view to $22-$22.5 mln from $25-$25.5 mln
* Says decline in sales temporary
* Sees rebound in upcoming holiday season
* Shares down 6 pct after market
Oct 15 Supertex Inc SUPX.O, a maker of low
power chips for electronic devices, said it cut second-quarter
revenue outlook, hurt by lower sales of its LED drivers, but
said the decline was temporary.
Supertex now expects second-quarter revenue of $22-$22.5
million, down from its previous forecast of $25-$25.5 million.
The decline in sales was partly due to the slowdown in LED
TV sales, which resulted in suspension of shipments in late
However, the company said the decline in LED driver sales
for LCD TV backlighting was temporary and will see a rebound in
the coming holiday season.
Shares of the Sunnyvale, California-based company were down
6 percent at $21 in trading after the bell. They closed at
$22.43 Friday on Nasdaq. The stock has fallen more than 29
percent since touching a year high in May.
(Reporting by Megha Mandavia in Bangalore; Editing by Jarshad