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

|About: Cirrus Logic, Inc. (CRUS)|By:, SA News Editor

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).