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Thursday, Dec 13
2012, 2:25 PM
When Apple slumps on iPhone estimate cuts, it's not surprising component suppliers are doing the...
When Apple slumps on iPhone estimate cuts, it's not surprising component suppliers are doing the same. Cirrus Logic (CRUS -6.2%) and Skyworks (SWKS -7.3%) are the biggest victims, but OmniVision (OVTI -2.4%), TriQuint (TQNT -2.6%), Broadcom (BRCM -3.1%), and Qualcomm (QCOM -1.4%) aren't unscathed either. Avago (AVGO -1.9%) is off in spite of receiving an upgrade to Buy from Goldman, which cites a low valuation and an expected cyclical pickup in networking/industrial chip demand.