I think that a lot of the "backlog" may have been pushed into the Q1 results to engender that beat so East could go out a hero. Poor Simon Segars may be left holding the bag for Q2's results.
I also blame you ! You finally spooked the ARMH longs lol !
Quite possibly, volume had been dropping off meaning a lack of retail sheep so the Big Dogs may have decided to profit take. Personally I think it is the fact that Clovertrail+ will be in the next Galaxy Tab. If Samsung is prepared at this early stage to use an Intel processor in one of its mainstream devices how long will it be before we see Silvermont in a future Galaxy phone, say S5 or more likely S6 ? That will hit ARM's revenue hard especially as they are using generic A15s now. Samsung is quite brutal internally, if it can find a SoC that does a better job outside it will have no hesitation in using it regardless of what the in-house staff have produced. The IDMs are striking back ! ;-)