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Inphi shares take beating on lower profits

By   /   Wednesday, July 27th, 2011  /   Comments Off on Inphi shares take beating on lower profits

Wall Street punished Inphi Corp. on July 27, pushing down shares 20 percent after the company reported lower-than-expected earnings and gave a gloomier financial forecast than analysts had predicted.

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Wall Street punished Inphi Corp. on July 27, pushing down shares 20 percent after the company reported lower-than-expected earnings and gave a gloomier financial forecast than analysts had predicted.

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