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TMCNet:  Cirrus Logic and Avago Technologies Look to Benefit From Strong iPhone 5 Demand

[October 08, 2012]

Cirrus Logic and Avago Technologies Look to Benefit From Strong iPhone 5 Demand

(Marketwire Via Acquire Media NewsEdge) NEW YORK, NY -- (Marketwire) -- 10/08/12 -- Apple's chip suppliers have benefited from the immense popularity of the company and their products in 2012. In August, Apple's valuation of $623.52 billion made it the largest U.S. Company ever surpassing Microsoft. The recently released iPhone 5 set a new record for opening weekend sales, with sales topping 5 million units. Five Star Equities examines the outlook for companies in the Semiconductor Industry and provides equity research on Cirrus Logic, Inc. (NASDAQ: CRUS) and Avago Technologies Ltd. (NASDAQ: AVGO).

Access to the full company reports can be found at: www.FiveStarEquities.com/CRUS www.FiveStarEquities.com/AVGO While sales of 5 million iPhones during its debut weekend fell short of analysts' estimates, it was largely in part to supply issues. "While the supply issues for the iPhone 5 since launch are concerning in terms of the company's ability to fully meet demand in December, we are staying with our 49 million unit estimate for the holiday quarter," said Piper Jaffray analyst Gene Munster.

Canaccord Genuity analyst T. Michael Walkley also expects China Mobile, the world's largest carrier, to launch its first iPhone on its network in early January, just in time for the Chinese New Year in February.

Five Star Equities releases regular market updates on the Semiconductor Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.FiveStarEquities.com and get exclusive access to our numerous stock reports and industry newsletters.

Cirrus Logic delivers highly optimized products for a variety of audio and energy-related applications. The company recently projected revenue in the fiscal second quarter to be between $170 million to $190 million, well above the $130 million projected by analysts according to Reuters. Shares of the company have gained over 30 percent in the last 3 months.

Avago Technologies is a leading supplier of analog interface components for wireless, wireline, and industrial applications. Apple currently uses one of Avago's communications chips inside their iPhone 5. The company reported that third quarter fiscal 2012 net revenues of $606 million, an increase of 5.0 percent compared with the previous quarter and 0.5 percent from the same quarter last year.

Five Star Equities provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. Five Star Equities has not been compensated by any of the above-mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: www.FiveStarEquities.com/disclaimer Add to Digg Bookmark with del.icio.us Add to Newsvine Contact: Five Star Equities Email Contact Source: Five Star Equities

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