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Fly News Breaks for July 9, 2015
QLGC, IDTI
Jul 9, 2015 | 12:30 EDT
Craig-Hallum attributes today's pullback in shares of Integrated Device Technology (IDTI) to QLogic's (QLGC) negative preannouncement along with chatter that Intel (INTC) will highlight weak Data Center spending when reporting next week. Craig-Hallum notes its channel checks continue to suggest that Integrated Device will report a good quarter with above consensus guidance. The firm sees nothing fundamental to account for today's weakness and keeps a Buy rating on the name
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