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Another day, another Apple supplier selloff due to iPhone sales worries. CRUS -2.8%. NTE -3.2%....

Another day, another Apple supplier selloff due to iPhone sales worries. CRUS -2.8%. NTE -3.2%. BRCM -1.6%. SWKS -2.5%. AVGO -1.5%. LPL -3.5% MU -1.9%. Cirrus Logic now trades at just 7.3x FY14 (ends March '14) EPS, putting it squarely in value territory provided estimates don't get cut too much - Sterne Agee thinks iPhone order cuts are already baked into March quarter Cirrus estimates. Skyworks is at 8.4x FY14E (ends Sep. '14) EPS. (yesterday) (Multi-Fineline warning)
Comments (4)
  • Marqevans
    , contributor
    Comments (6) | Send Message
     
    Aren't BRCM chips in all the other smart phones? So what's the difference as long as total smart phone sales are not going down.
    15 Jan 2013, 01:07 PM Reply Like
  • SA Editor Eric Jhonsa
    , contributor
    Comments (882) | Send Message
     
    They're in a lot of other smartphones, but not all of them. Also, Broadcom has a touchscreen controller chip in the iPhone 5.
    15 Jan 2013, 01:12 PM Reply Like
  • berniespear
    , contributor
    Comments (238) | Send Message
     
    Man CRUS is gonna bounce up hard after earnings after all this negative talk the last couple months.
    15 Jan 2013, 05:41 PM Reply Like
  • George Kesarios
    , contributor
    Comments (764) | Send Message
     
    Cirrus Logic Wins No Matter What Happens To The iPhone

     

    http://seekingalpha.co...
    15 Jan 2013, 06:36 PM Reply Like
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