Mindspeed Technologies reported net revenue of $40.5 million. Excluding patent sales of $2.5 million, product revenue was $38.0 million, a sequential decline of 15 percent from product revenue of $44.8 million in the prior fiscal quarter and an increase of 3 percent from product revenue of $37.0 million in the fiscal first quarter of 2010.
Product revenue from communications convergence processing solutions contributed 44 percent of fiscal first quarter of 2011 product revenue and decreased 12 percent sequentially from the prior fiscal quarter and increased year-over-year by 19 percent. Product revenue from high-performance analog products represented 37 percent of product revenue and decreased 5 percent sequentially from the prior fiscal quarter and increased year-over-year by 22 percent. Wide area networking communications product revenue contributed the remaining 19 percent of fiscal first quarter of 2011 product revenue and decreased 33 percent sequentially from the prior fiscal quarter, as well as decreased 36 percent year-over-year.
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