Deutsche Bank Downgrades Audience, Inc. (ADNC) to Sell; No Longer the Apple of Our Eye
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JPMorgan Downgrades Audience, Inc. (ADNC) to Neutral
September 7, 2012 7:15 AM EDTJPMorgan downgraded Audience, Inc. (NASDAQ: ADNC) from Overweight to Neutral with a price target of $10.00 (from $24.00) after the company warned about losing Apple business.
For an analyst ratings summary and ratings history on Audience, Inc.... More
Audience (ADNC) Slammed on Apple iPhone Warning
September 6, 2012 4:30 PM EDTAudience Inc. (Nasdaq: ADNC) is getting slammed in after-hours trading after announcing that Apple (Nasdaq: AAPL) might not be using its processor IP in its next iPhone model. Shares are down over 40 percent Thursday night.
For more color, click here.... More
Audience (ADNC) Says Processor IP Might Not Be Used by Apple (AAPL) in iPhone 5; Boosts Q3 Outlook
September 6, 2012 4:27 PM EDTAudience, Inc. (Nasdaq: ADNC) provided an update on the prospects for use of its processor intellectual property (processor IP) in the next generation mobile phone release of a large OEM customer. Additionally, Audience provided an update to its business outlook for the third quarter of 2012.
Product Transition
Audience sells processors and licenses its processor IP to Apple Inc. (Nasdaq: AAPL) and certain of its subsidiaries (collectively, OEM) for inclusion in the OEM's mobile phones pursuant to a Master Development and Supply Agreement (MDSA).... More
