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Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Sony says 25 million more accounts at risk in new data hack 2:12am EDT With bin Laden dead, Washington state man finally shaves 02 May 2011 Bin Laden killing will embarrass authorities: Pakistani media 12:36am EDT UPDATE 4-Sony says 25 mln more users at risk in second data hack 02 May 2011 U.S. commandos knew bin Laden likely would die 02 May 2011 Discussed 165 Obama to make statement late Sunday, White House says 106 White House releases longer Obama birth certificate 103 Donald Trump calls U.S. leaders ”stupid” Watched Osama bin Laden dead Mon, May 2 2011 Fire ants form rafts to defy floods Tue, Apr 26 2011 Osama bin Laden is dead: Obama Mon, May 2 2011 NetLogic revenue misses on China weakness; shares fall Tweet Share this (Reuters) - Telecommunications chipmaker NetLogic Microsystems Inc's quarterly sales missed estimates and fell 2 percent over the last quarter as Chinese carriers tightened spending, and the company's shares slipped 5 percent after the bell. Total... Email Print Related News UPDATE 6-PepsiCo profit beats Street, keeps outlook Thu, Apr 28 2011 UPDATE 6-Potash Corp profit lifted by surging grain prices Thu, Apr 28 2011 UPDATE 5-Bristol-Myers profit beats expectations Thu, Apr 28 2011 UPDATE 7-Thomson Reuters Q1 revenue up, plans asset sales Thu, Apr 28 2011 Sprint pumps up revenue with new fees Thu, Apr 28 2011 Analysis & Opinion PeopleDeals offers its spin on group buying BlackBerry maker starts to feel serious squeeze Related Topics Technology » Media » Stocks Mon May 2, 2011 6:58pm EDT (Reuters) - Telecommunications chipmaker NetLogic Microsystems Inc's quarterly sales missed estimates and fell 2 percent over the last quarter as Chinese carriers tightened spending, and the company's shares slipped 5 percent after the bell. Total capital spending on 3G data network in China is likely to fall 24 percent this year from $18 billion last year, according to a UBS report. The company, which gets 42 percent of its revenue from China, however, said it expects revenue from its largest market to grow in the second quarter. Despite the projected drop in spending in China, telecoms equipment makers Huawei Technologies, which is one of Netlogic's key customer, and ZTE Corp have said they expect to gain from the global boom in sales of smartphones and tablets. NetLogic said it expects second-quarter earnings of 37 cents a share and revenue to be up 5 percent sequentially, helped by the launch of new products. Analysts were expecting earnings of 37 cents a share, excluding items, on revenue of $103.37 million, according to Thomson Reuters I/B/E/S. NetLogic's recent acquisition of fabless semiconductor provider Optichron Inc is expected to contribute to initial product revenue during the second-quarter. The Santa Clara, California-based company's first-quarter earnings came in at $6 million, or 8 cents a share, for the first quarter, compared with a loss of $57.3 million, or 99 cents a share, a year ago. Excluding items, the company earned 39 cents a share. The company, which also sells to Cisco and Alcatel-Lucent, said revenue rose 14.4 percent to $98.7 million. Analysts were looking at earnings of 36 cents a share on revenue of $100.5 million. The company also expects Hewlett Packard, Ericsson and ZTE to become major customers in the later half of the year as they increase spending on 3G and 4G-LTE technologies. Shares of the company, which gained a quarter of its value in the last three months, were trading down $2.18 at $41.10 in after-market trade on Nasdaq. The stock closed at $43.28 on Monday. (Reporting by Rachana Khanzode and Supantha Mukherjee in Bangalore; Editing by Saumyadeb Chakrabarty) Technology Media Tweet this Share this Link this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. 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