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Dolby (DLB -3.8%) slumps after Goldman starts coverage with a Sell and $39 PT. The firm is...
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Thursday, June 28, 2012, 9:52 AM ETDolby (DLB -3.8%) slumps after Goldman starts coverage with a Sell and $39 PT. The firm is worried about Dolby's lower revenue/unit from mobile devices relative to PCs and home entertainment gear, questions the extent of consumer interest in "premium sound" on smartphones and tablets. It also thinks Dolby's reliance on consumer discretionary spending could hurt its near-term results.
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