ON Semi (ONNN) PT Raised to $13 at Wedbush Following CES Meetings, Confirmed SnapDragon Win from IDTI

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Integrated Device Technology (IDTI) Shares Hit on CES Concerns (ONNN)

January 6, 2015 9:45 AM EST

Integrated Device Technology (NASDAQ: IDTI) shares were pressured Tuesday on concerns about developments at CES. The issue relates to changes at Qualcomm (NASDAQ: QCOM).

Commenting on developments, analyst Charles Anderson of Dougherty said, "Post close Monday, QCOM announced that its Snapdragon 810 processor -- which we believe will end up in many flagship Android smartphones in 2015 -- would support magnetic resonance wireless charging based on the A4WP standard and using their WiPower intellectual property. While the press release was not specific about... More