Ceva: In The Spotlight For All The Wrong Reasons
By Ted Stamas:The share price of Ceva (CEVA) experienced blunt force trauma last week, dropping a whopping 22% in one trading session. In actuality, it was more like a self-inflicted wound because although they met earnings and revenue expectations in their latest quarter, they guided down for fiscal year 2012 due to a weakness from Nokia (NOK), a customer they do significant business with.It's no secret that Nokia isn't outmaneuvering the likes of Apple (AAPL) and Google's (GOOG) Android in the smarphone wars, but they are a significant client for Ceva, primarily in the 2G spaceComplete Story »
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