) today announced preliminary results for its second quarter fiscal year 2012, ended December 25, 2011. The Company currently expects that second quarter revenue will be between $229 million and $230 million. Previous guidance given on November 3, 2011 was for revenue to range between $240 million and $270 million. As the December quarter progressed, revenue came in below expectations due to: Lower demand in China, particularly in the appliance end market, Lower demand in Europe among industrial and automotive customers, Weakness in the computing end market as a result of the recent flooding in Thailand, and Manufacturing related delays that impacted the HiRel business unit. Gross margin for the Company's December quarter is expected to be approximately 35.5%. During the December quarter, the Company managed to reduce its channel inventory value by approximately 15%. However, the Company's decision not to pursue highly discounted, spot market business during the quarter, combined with the lower than expected sales during the quarter, led to an approximately 10% increase in internal inventory value.