Apple Supplier Qualcomm Deal ‘Much Ado About Nothing’
Qualcomm’s (QCOM) union with Japanese TDK is “much ado about nothing,” a Craig-Hallum analyst wrote Thursday as he reiterated a buy rating on fellow Apple (AAPL) supplier Skyworks Solutions (SWKS). The Qualcomm-TDK joint venture, announced Wednesday and expected to be completed in 2017, won’t pose much threat to radio-frequency chip leaders Skyworks and Qorvo (QRVO), nor touch Avago Technologies’ (AVGO) filter offerings, Craig-Hallum analyst