I can see retracing to the $5.70 level only because it was the April level, but $5.50 seems a drastic reaction to $10m in sales decline to Blackberry. I am more worried about MPG offerings in wi-fi. That seems to be the bloodbath segment led by Swks at the high end, but targeted by everybody else including Anad in the commodity area. Hilgendorf was not reassuring in his answers and had about zero to contribute. Rfmd has known about this growing weakness in the wi-fi numbers but has not done much about it, or at least is not talking about it, and Bruggeworth does not get behind the MPG effort, not even in the CC.
Swks looks like it might be a buy at these levels. I have not researched the company but based on nothing more than Forward PE down at 9, and Swks consistently hitting their numbers, and analyst targets up around $30, it might be something to accumulate. I know, I know: heresy.