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Down sharply yesterday, NXP (NXPI +7%) is taking off following its Q3 report. Results were only...

Down sharply yesterday, NXP (NXPI +7%) is taking off following its Q3 report. Results were only in-line, and Q4 guidance for revenue of $1.06B-$1.13B and EPS of $0.41-$0.53 missed a consensus of $1.16B and $0.56. But plenty of bad news has been baked into most chip stocks. The Street might also be pleased Q3 Identification sales (includes NFC chips) rose 72% Y/Y to $275M, and with a report China Mobile is starting to embrace NFC. NXP's CC is underway (webcast). (PR) (slides - PDF)

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