This story has been updated from a previous version published on April 24 to include additional information on Affy's stock price and comment from an analyst.

Affymetrix last week reported a 7 percent uptick in first-quarter revenues — a "good start" for the year, according to CEO Kevin King, who forecast that demand for the company's genotyping arrays will slow in coming quarters as customers await the launch of the firm's next-generation genotyping products.

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