Integrated Telecom Express Inc. (ITE) has seen its revenues drop heavily and is now looking for a buyer. But at least one analyst doesn’t think it will be easy finding one. On March 27, after the market closed, ITE said it had hired Lehman Brothers to help look at strategic alternatives, including M&A or a liquidation of the firm. The company announced the same day that its fourth quarter revenues dropped 88% to $2.6 million from $22.5 million in the year-prior period.
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