Apple (AAPL) chip supplier Avago Technologies (AVGO) shifted a senior executive Monday and eliminated his position. Wall Street largely yawned Tuesday and Avago stock was flat in early trading on the stock market today. Effective Nov. 2, Brian Ingram will become Avago’s senior vice president and general manager of the company’s wireless semiconductor division — the segment that manages Avago’s iPhone chip. Ingram’s chief operating officer position
An apparent bidding war flared Monday when Microsemi (MSCC) submitted a $2.4 billion offer for PMC-Sierra (PMCS), topping Apple (AAPL) chip supplier Skyworks Solutions ‘ (SWKS) $2 billion proposal. PMC-Sierra stock soared 14% to near 12 in midday trading Monday on the stock market today. Microsemi offered to pay $11.50 per PMC share, representing a 50% premium to PMC’s closing price on Oct. 5, the last trading day before Skyworks’ bid was
Wall Street is underestimating Apple’s (AAPL) holiday sales quarter, given its lineup of new products, Piper Jaffray analyst Gene Munster said in a report Monday. “While new products in the December quarter are well known to the Street, we do not believe they are reflected in Street numbers,” Munster said. The combination of Apple Watch, Apple TV and iPad Pro should give Apple reason to give guidance for the current quarter that encompasses the