Integrated Device Technology, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended January 1, 2012. Revenue for the fiscal third quarter of 2012 was $120.0 million, compared with $147.5 million reported in the same period one year ago. GAAP net loss from continuing operations for the fiscal third quarter of 2012 was $903,000 or a loss $0.01 per diluted share, against GAAP net income of $14.9 million or $0.10 per diluted share in the same period one year ago. Net loss for the period was $6,193,000 or $0.04 per diluted share against net income of $9,794,000 or $0.06 per diluted share for the same period a year ago. Operating income was $1,813,000 against $13,656,000 a year ago period. Non-GAAP net income from continuing operations for the fiscal third quarter of 2012 was $8.5 million or $0.06 per diluted share, compared with non-GAAP net income from continuing operations of $27.3 million or $0.18 per diluted share reported in the same period one year ago. GAAP gross profit for the fiscal third quarter of 2012 was $63.9 million or 53.2%, compared with GAAP gross profit of $80.3 million, or 54.5%, reported in the same period one year ago. Non-GAAP gross profit for the fiscal third quarter of 2012 was $65.7 million, or 54.7%, compared with non-GAAP gross profit of $86.5 million, or 58.6%, reported in the same period one year ago. The company generated approximately $14 million in cash from operations. The company spent about $3.6 million on capital expenditures. For the nine months, the company reported operating income of $25,066,000, income from continuing operations of $19,966,000 or $0.14 per diluted share and net income of $45,708,000 or $0.31 per diluted share on revenue of $407,580,000 against operating income of $52,987,000, income from continuing operations of $54,121,000 or $0.35 per diluted share and net income of $38,781,000 or $0.25 per diluted share on revenue of $460,715,000 for the same period a year ago. Non-GAAP net income from continuing operations for the period was $49,509,000 or $0.33 per diluted share, compared with non-GAAP net income from continuing operations of $90,061,000 or $0.57 per diluted share reported in the same period one year ago. The company provided earnings guidance for the fourth quarter ended March 2012. For the fourth quarter of fiscal 2012, the company expects revenue to be down approximately 2% at the midpoint, significantly better than typical seasonality. The company anticipates interest and other expense will be about $600,000 and expects its fiscal fourth quarter tax rate to be about 10%. The company projects non-GAAP EPS from continuing operations to be about $0.03 at the midpoint of its revenue guidance. The company expects cash flow from operations to be muted during fourth quarter ended March 2012. On a non-GAAP basis, the company projects gross margins to be 54.7%, plus or minus 50 basis points depending primarily on the revenue range and product mix.