Lattice Semiconductor updates 3Q/11 revenue guidance

Third quarter revenue is now expected to be flat to down 4% on a sequential basis. This compares to prior guidance provided on July 21, 2011 that revenue was expected to be flat to up 5% on a sequential basis. The revised guidance reflects a recent softening of demand primarily in the communications business. Expectations for both gross margin percentage and total operating expenses are unchanged from prior guidance, at approximately 60% plus or minus 2% of revenue, and approximately USD 36.5 million, respectively.