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Technology Stocks : InvenSense (INVN)

INVN 20.80

+0.4%

Oct 30 4:00 PM EDT

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From: The Ox	9/29/2014 10:13:54 AM
	of 351

InvenSense (Nasdaq: INVN) is pressured Monday as one analyst is shifting his view on the company. Rosenblatt's Brian Blair is moving his outlook on InvenSense from Bullish to Cautious. The analyst sees InvenSense losing anywhere from 50 to 100 percent of its accelerometer/gyroscope socket business it recently won with Apple (Nasdaq: AAPL), mainly due to a technical issue with the MPU-6700 part and how it interacts with certain features of the iPhone 6. Apple might select STMicro (NYSE: STM) as a second-source supplier and might even replace InevnSense entirely. Shares of InvenSense are down 5 percent in early trading.

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