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Cirrus Logic (CRUS -17.2%) plummets after an investment presentation (Barclays Global Tech,...

Cirrus Logic (CRUS -17.2%) plummets after an investment presentation (Barclays Global Tech, Media, and Telecommunications Conference) in which it mentions "increased pricing pressures in the smartphone markets" and says "revenue for the fiscal year [will] likely [be] impacted by an expected decline in average selling prices" (slide 18).
Comments (4)
  • bchloupek
    , contributor
    Comments (16) | Send Message
     
    I'll take this opportunity to buy more.
    23 May 2013, 12:41 PM Reply Like
  • Padvan
    , contributor
    Comment (1) | Send Message
     
    I can't see anything substantially new in this presentation. No debt. Bags of cash. Decent margins and growth. The over-reliance on AAPL is hardly new news. Don't get the sell-off to these levels.
    23 May 2013, 01:54 PM Reply Like
  • bchloupek
    , contributor
    Comments (16) | Send Message
     
    Agreed. I don't see any earth-shaking news to explain this sell-off.
    23 May 2013, 02:02 PM Reply Like
  • tansan1
    , contributor
    Comment (1) | Send Message
     
    Good opportunity for bargain buy, thanks to the panic sells
    24 May 2013, 12:49 AM Reply Like
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