The chip giant calls Fujitsu's transceiver "probably the most advanced multimode LTE RF transceiver available in the open market." It should complement Intel's 4G baseband chips, and compete with transceivers from Qualcomm (QCOM), Analog Devices (ADI), and others.
Intel's Infineon mobile chip unit has been slow to roll out a multimode 4G baseband; Intel has promised phones featuring one will arrive early next year. In the meantime, Qualcomm controls a 90%+ share of the burgeoning 4G baseband market.
Meanwhile, Baird's Tristan Gerra justifies his downgrades of Intel and Micron (MU -4.6%) by citing a litany of concerns stemming from an Asian trip. Gerra's findings point to "a below-seasonal outlook for the second-half, with recent reductions in PC order rates, continued weakness in smartphones, rising analog IC inventories at distributors," and the potential for DRAM supply to exceed demand.
Micron recently forecast DRAM bit growth will remain muted in 2H and 2014, leading to a favorable supply/demand balance.