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Fly News Breaks for January 24, 2017
SIMO
Jan 24, 2017 | 09:15 EDT
Craig-Hallum analyst Tony Stoss expects Silicon Motion to be weak due to continued NAND shortages beyond the company's control, but notes that NAND shortages should alleviate late Q2 as more production is scheduled to keep up with strong demand. The analyst likes Silicon Motion longer term and while NAND tightness will negatively impact growth near-term, he looks for a stronger 2H17 as additional NAND capacity comes online. He reiterates a Buy rating on the shares.
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