CRUS is trading just like Portal Player (former ticker PLAY) did before it lost the system-on-chip slot in the iPod (basically apple built the ipod off their device), and like OVTI did before it lost the main camera chip in the iPhone. PLAY got 90% of revenue from Apple. OVTI was more diversified and has kept some slots.
OK, thumbs down for a true statement. Don't get me wrong, I am long CRUS and was long PLAY and am still long OVTI. They both plunged seemingly for no reason when they were making money hand over fist. I'm not saying CRUS has lost Apple biz but that's obviously part of the fear, along with Apple itself being sold off (if not quite this dramatically).