2:31 PM NXP (NXPI -5.7%) is slumping on reports a Broadcom (BRCM -0.9%) NFC chip will be used in Google's next Android reference design - an NXP chip is used in the current design. Goldman tries to downplay the news, arguing NFC chips make up less than 5% of NXP's sales (ed: but their share is growing quickly). NXP is the early leader in the NFC chip market, and managed to score a design win for Samsung#$%$ Galaxy S III.
I really don't see any explanation for NXPI being pushed down, other than it being in MM interests or gamers interests to be so. All the news is excellent. Parasites are feeding on NXPI , mho, and I'll be glad when it's no longer attractive to them.