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Ceva (CEVA -18.3%), a developer of DSP cores used in mobile baseband chips from Broadcom, Intel,...
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Wednesday, May 2, 2012, 2:45 PM ETCeva (CEVA -18.3%), a developer of DSP cores used in mobile baseband chips from Broadcom, Intel, and others, is making new 52-week lows after issuing soft guidance to go with its Q1 beat. The company now expects 2012 revenue of $57.2M-$61.2M and EPS of $0.87-$0.99, below a consensus of $63.8M and $1.02. Ceva blames the impact of Nokia's plunging market share, which has also taken a toll on Texas Instruments' (TXN) chip sales.
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