ESS Technology (ESST) Gives 2Q Guidance – UPDATED
ESS Technology Inc. (Nasdaq: ESST) shares climbed 10 percent, or 14 cents, to $1.50 in Tuesday's afternoon trading after the company issued a press release chalked full of guidance, reorganization plans, and word of possible liquidation.The digital video processor and imaging sensor chip maker previously projected a second-quarter loss between 13 cents to 16 cents per share, and is now narrowing the loss to a range of 6 cents and 10 cents. The company also raised the bar in revenue projection, forecasting $15 million to $19 million, up from an earlier anticipation of $15 million to $19 million, straddling analysts'…