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Cirrus Logic Inc. Message Board

  • kbononi kbononi Nov 11, 2013 4:38 PM Flag

    Needham Vern speaks

    SNPMarketScopeViewsNews2013-11-11 12:33:19.000CRUSCIRRUS LOGIC INC.BRIAN EGLINEEDHAM CUTS ESTS, TARGET FOR CIRRUS LOGIC (CRUS), MAINTAINS BUY Analyst Vernon Essi Jr. tells salesforce news broke CRUS lost audio amplifier sockets in newly release iPad Air, losing the position to MAXIM. Says, while this is not major portion of dollar content within this product, the high-value audio codec portion remains intact, it's certainly a setback for CRUS as it represents a toehold in audio signal path for analog juggernaut MXIM, a co. that has an active audio development effort, could pose a LT threat to CRUS's coveted audio codec biz. Due to iPad news, cuts $1.96 FY 15 (Mar) EPS est. to $1.85, $28 tgt to $26

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