SigmaTel (SGTL) Increases 2Q Revenue Prediction
SigmaTel Inc. (NASDAQ: SGTL) announced today a revision in its financial outlook for June 2007. SigmaTel expects that revenue for the second quarter will now be in the range of $30 million to $31 million, which is higher than previously expected amounts of $24 million to $28 million.Although the original revenue expectations were greater than last month's generated revenue, in the last quarter SigmaTel was able to generate about $22.02 million. The new expectations will increase second-quarter revenues by about $8 million dollars, an increase from last quarter of about 36 percent. This news has helped project the company's stock…