Tuesday, September 28, 2010

HP, GigOptix Lift Guidance

By David Gross

Two companies that develop data center technologies, one very large, another very small, have lifted guidance over the last couple days.

HP raised its annual bottom line guidance this week from $4.99 to a range of $5.05-$5.15, and lifted next year's revenue guidance to a range 5-7% greater than publicly issued sales expectations a month ago. On the other end of the revenue spectrum, micro-cap GigOptix (GGOX), which makes analog components and ICs for 40/100 Gigabit networks, lifted its guidance for the quarter from $6.8 million to $7 million.

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