Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Donald Wennerstrom who wrote (59981)	5/24/2013 11:50:56 AM
From: Donald Wennerstrom	1 Recommendation Read Replies (2) \| Respond to of 95616

Tech Trader Daily May 24, 2013 10:58 AM Chip maker Cirrus Logic ( CRUS) gets another downgrade this morning following yesterday’s warning that profit margin will come under pressure over time for its parts that go into mobile devices. Canaccord Genuity’s Bobby Burleson cut the stock to Hold from Buy, and slashed his price target to $18 from $25, writing “[…] We find management’s cautious F14 revenue and gross margin commentary unnerving.” “In our view, this indicates more limited visibility in CRUS’s key relationship with Apple ( AAPL) than our earlier understanding, and highlights the risks of such a close tethering to one customer.” Shares of Cirrus are down 22 cents, or 1.2%, at $17.54.