Entropic Communications (ENTR) Reports In-Line Q1 EPS
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Needham & Company Downgrades Entropic (ENTR) to Hold
May 1, 2013 7:45 AM EDTNeedham & Company downgraded Entropic (NASDAQ: ENTR) from Buy to Hold following weak Q1 results.
"While we initially defended the stock post the neg preannouncement, the excess inventory at Comcast has taken longer to burn through than expected (until 3Q) and the transition into the STB SoC market has taken longer than anticipated. At the same time, BRCM continues to gain share in the MoCA market," analyst Rajvindra S. Gill notes.... More
