UPDATE 1-Melexis cuts 2007 revenue target after tight Q2

Newswire

(Adds detail, background) BRUSSELS, July 31 (Reuters) - Belgian semiconductor specialist Melexis cut its revenue growth forecast for this year after a second-quarter it acknowledged had not gone as well as expected. Revenue rose just one percent year-on-year to 50.7 million euros ($69.31 million), against the average forecast from a Reuters poll of six analysts of 53.2 million euros. Melexis said it now aimed for revenue growth of between 3 and 4 percent this year, while keeping its ...

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