Xilinx (XLNX) 4Q:2008 Results

As I previewed, Xilinx misses and guides a bit below consensus. Gross margin guidance of 63-64 looks pretty good actually, but revenue guidance with a midpoint of +1% puts the single point at $480mm with the street at 489mm. I'm sure there's going to be talk about inventory build in the distributor channel on their call.

I'll use weakness to cover. I'm not in this long-term. It was just a trade around the number.