SWKS trades in a much larger gap normally ($4 today) it is more of a cultish stock also and is well off it's highs. If SWKS ever has a couple of weak quarters (China and AAPL could allow that to happen) the stock will be in the $70's real quick.
The analyst on CNBC yesterday morning truly spooked shareholders. Their debt load is outrageous but unless Big Daddy comes in and buys them or gives them money they have some issues.
Is he paid like Dan Hesse? Who parachuted out of Sprint with a fortune and left behind the rubble. Go check what Hesse's CFO was making before he left I believe it was over $9 million a year. Marcelo is already a billionaire so I doubt he is in this for the money and has been left a debacle in a cut throat industry.
If true not a shocker....I can imagine the memo the supervisors got to make that happen. The share slide is now under way again even though the market is up 200+.
It's there now took out a lot of sellers to get over $17.50 for the second time. It feels like a crucial moment to see if it can break higher here at 3pm.
Market may have discounted that news into the chip sector considering the hit to those stocks.. Consumers are probably holding off and waiting for the new operating system from Microsoft which is supposed to be more user friendly and the holidays are not that far away along with back to school . One problem is that PC's and laptops are still to expensive. Prices were cheaper 2-3 years go when I was actually buying laptops and a PC.
Best Buys CEO said not that long ago that tablets were struggling and I see less using them outside the NFL the key is the refresh cycle for commercial PC use. I still see plenty of people using laptops at my local Starbucks young and old but of course the key is the rise in the use of the smart phone for almost everything. MU is a damaged stock for now and I know that most likely because of inventory and the affect on pricing but I am watching for a bottom to possibly get back in. I still believe the Goldman $17 call may be the bottom and you may actually start to see value guys start to look at MU based on it's valuation along with growth guys coming back at some point the stock will be over $20 soon enough. I believe we saw a kitchen sink quarter on the 25th which usually helps create a bottom. Management set a very low bar for the back half of the year. By the way there are smaller laptops that fit into back packs. My son is starting his senior college year and he carries a 17" in his car and pack.
The I-watch will save everybody. Huh ha. The key for any company is to get stuff in the high profile phones. I still kind of disagree there are a ton of people still using laptops but the prices have not come down it was even mentioned in that news story today.
They ran this and other utilities up the other day when the 10 year was 2.20% and under and took this back down yesterday and tried today as it hit above 2.40% today. If not for the big market move today this would have been down. However it seems that these may be trading with the 10 year now which is heading to the high end of it's range just under 2.50%. I bet we see rates tick back down to the 2.20%'s again then you see SO rally back above $44. Fed head still sounded like they are data dependent today at her brunch.