Raymond James Sees No Threat to NVIDIA (NVDA) in the Tablet Market (MU) (SNDK)

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Raymond James analyst Hans Mosesmann said Thursday that the risks to NVIDIA Corp. (NASDAQ: NVDA) are overdone, as news about Google Inc. (NASDAQ: GOOG) Android-based tablets continues to be negative.

Mosesmann said that the risk to NVIDIA's Tegra 2 processor from a tablet shortfall, as “the bulk of forecasted demand is coming from smartphones.”

The analyst also said that the risks to Micron Technology (NASDAQ: MU) and SanDisk Corp. (NASDAQ: SNDK) are also being blown out of proportion.

Mosesmann added that, "The Android tablet theme has been a powerful negative force in the past couple of weeks mainly because there is no way to refute it until more original equipment manufacturers (OEMs) launch Android Honeycomb-based systems and until Apple (NASDAQ: AAPL) actually introduces the iPad2 tomorrow.”

Shares of NVIDIA are down 5.25 percent to $18.14 in midday market movement on Thursday.

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