Tag Archives: aapl

Apple Supplier Skyworks To Buy PMC-Sierra For $2 Billion

Skyworks Solutions (SWKS) will buy data center chipmaker PMC-Sierra (PMCS) for $2 billion, following fellow Apple (AAPL) iPhone suppliers Avago Technologies (AVGO) and NXP Semiconductors (NXPI) in making acquisitions. Skyworks also gave strong early Q4 earnings. Skyworks announced late Monday that it will pay $10.50 a share in cash for PMC-Sierra, a 37% premium to Monday’s close at 7.69. Skyworks expects the deal to boost annual EPS by 75 cents.

Luxury Tech: Gadgets And Gear For The Sweet Life

At the Luxury Technology Show in Hollywood this week, companies showed off gadgets and gear to make living the sweet life even sweeter. For Your Phone Those phone-charger cords are such a hassle. Pond offers wireless charging pods ($49-$179) for the high-end market that come in U.S.-sourced maple and vegan suede options. It also has corresponding cases ($69-$99) for the Apple (AAPL) iPhone, one of the few modern-day smart devices without built-in

Apple called one of world’s most undervalued tech stocks

Note to Apple (AAPL) investors: Keep calm and carry on. That was the theme of a research note Thursday by Drexel Hamilton analyst Brian White. White, formerly with Cantor Fitzgerald, initiated coverage of Apple at his new firm with a buy rating and a 12-month price target of 200. Apple stock fell 0.7% to 109.58 on the stock market today. It had been as high as 132.97 on July 20 and hit a record high of 134.54 on April 28. “The sharp correction in