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InvenSense (INVN -25.5%) crashes after reporting in-line FQ4 EPS but guiding for FQ1 revenue of...

  • Friday, May 4, 2012, 3:53 PM ET
    InvenSense (INVN -25.5%) crashes after reporting in-line FQ4 EPS but guiding for FQ1 revenue of $38M-$40M, below a $41.6M consensus. The company says it was tripped up by component shortages for 4G phones containing its motion sensors - the comments suggest Qualcomm's (QCOM) 28nm supply issues were a factor. Oppenheimer previously aired concerns about competition, as well as a May 15 post-IPO share lockup expiration.
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This news story has 5 comments:

  •  
    What did they figure out that they had a component shortage at the end of the month? Such b.s. & people wonder why nobody wants to be an investor anymore. You can't get real time information, and if your wrong you end up with losses like this.
    4 May 2012, 04:03 PM Reply Like
  •  
    What is being locked up on May 15th?
    4 May 2012, 06:04 PM Reply Like
  •  
    That's the IPO share lockup expiration day. Insiders who currently aren't able to sell shares can do so starting May 15. Updated the post to clarify.
    4 May 2012, 06:18 PM Reply Like
  •  
    So with the 5/15 date coming, what does this typically mean for share price?
    4 May 2012, 10:44 PM Reply Like
  •  
    Insiders will sell there shares on the open market to realize a gain from their IPO shares... Usually depresses the stock price for 1 quarter.
    7 May 2012, 06:06 PM Reply Like
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