Mellanox beats estimates but guidance disappoints

Mellanox chairman Eyal Waldman: The company sees nothing worrying at the macroeconomic level. Shmulik Shelah 24 Jul 08 12:46 ) yesterday published its financial report for the second quarter of 2008. The company posted a record $28.2 million revenue, 43% more than the $19.8 million for the corresponding quarter of 2007, and 12% more than for the preceding quarter. The company makes InfiniBand protocol products, and it controls 85% of this market. Mellanox chairman, president and CEO Eyal Waldman tried to placate investors in recent quarterly conference calls, saying that the current economic climate was not affecting the company's business. It is not clear, however, how an economic slowdown would affect the company's profits. The company beat both its revenue guidance of $27.5-28 million, and the market consensus. Mellanox... [read full story]