The market has turned sour today on the mobile-phone related chip stocks. Exactly why isn’t clear.
TheFlyOnTheWall.com blamed a drop in Qualcomm (QCOM) shares, in particular, on “speculation that Samsung and Motorola (MOT) have cut 3G chip orders.” I’d note that in a post late yesterday, I pointed out that Rodman & Renshaw analyst Ashok Kumar asserted in a research note that Motorola could be headed for a Q3 shortfall in handset unit volumes.
Nokia (NOK) this morning, in reporting better-than-expected Q3 results, said it now sees 2010 handset unit volumes at better than 10%; it previously had been calling for 10% growth. You’d think that would bode well for makers of handset chips, but apparently not.
- QCOM is down 80 cents, or 1.8%, to $43.58.
- Skyworks Solutions (SWKS) is down $1,12, or 5.2%, to $20.39.
- RF Micro Devices (RFMD) is down 22 cents, or 3.4%, to $6.32.
- TriQuint Semiconductor (TQNT) is down 45 cents, or 4.7%, to $9..11.
Any other thoughts on what’s happening here?
No comments:
Post a Comment