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InvenSense (INVN +4.9%) will likely be a motion sensor supplier for the iPhone 5S, says Wedge...

InvenSense (INVN +4.9%) will likely be a motion sensor supplier for the iPhone 5S, says Wedge Partners in a report that has led shares to spike higher. Apple has been relying on rival STMicroelectronics (STM +0.5%). earlier this week, InvenSense announced it had won a stay on a U.S. suit filed by STM due to progress made by InvenSense in challenging the patents asserted by STM through the USPTO. 24.5% of InvenSense's float was shorted as of Feb. 15.
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Comments (2)
  • malc9141
    , contributor
    Comments (168) | Send Message
     
    What 'float' are we talking about?
    8 Mar 2013, 11:31 AM Reply Like
  • SA Editor Eric Jhonsa
    , contributor
    Comments (902) | Send Message
     
    InvenSense's. Updated the post to make that clear.
    8 Mar 2013, 11:43 AM Reply Like
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