You are on page 1of 1

Robert DeFrancesco’s

TechStockProspector.com
April 7, 2011

Skyworks Solutions (SWKS) Skids, Down 26% From


February High
Communications chipmaker Skyworks Solutions (SWKS, $27.74) fell nearly 7%
yesterday on heavy volume topping 19 million shares (average daily volume is 5.6
million shares) after Charter Equity said the company might lose some positioning
in the iPhone 5 to competitors TriQuint Semiconductor (TQNT, $12.57) and/or
Avago Technologies (AVGO, $32.47).

Skyworks shares continued lower today, dropping 3.4% on volume of 12.7 million
shares, despite both Deutsche Bank and UBS coming out to defend the stock, saying
there is nothing certain with respect to the component suppliers for the next iPhone.

The stock is now off 26.6% from its 52-week high of $37.82 reached on February 14.

On March 9, Tech-Stock Prospector closed out a long position in Skyworks from


May 2010 with a gain of 117%.

Tech-Stock Prospector Managing Editor Rob DeFrancesco has more than 20


years of experience covering the tech sector. He is a former senior writer with
Louis Rukeyser’s Wall Street.

TechStockProspector.com, launched in 2003, is an investment-research service


focused primarily on the networking, storage, security, wireless and software
sectors. Annual subscription: $350. For more information or to place an order,
call 800-392-0998.

You might also like