11:14 AM EST - Zarlink Semiconductor Inc. : said on Monday it expected to report a loss of 13 cents to 15 cents a share in the second quarter, reflecting a $20 million one-time, noncash expense to revalue a new acquisition. It expects a second-quarter gain of $12.9 million, or 10 cents a share, in the second quarter, reflecting the sale of its investment in Mitel Networks Corporation, announced on August 16, 2007. Zarlink Semiconductor Inc.
shares T.ZL are trading down 6 cents at $1.35.
