Roth Capital analyst Scott Searle notes that The Wall Street Journal reported ongoing "advanced talks" between Apple (AAPL) and Intel (INTC) related to the largely trailing edge Intel wireless modem business. While plausible, this would address long speculated Apple intentions to vertically integrate within mobile devices and provide additional leverage in ongoing Qualcomm (QCOM) negotiations, the analyst contends. Overall, Searle would view this event as positive as it underscores the inherent 4G and 5G value of Sequans (SQNS). With all indicators leading to a Cat M1/NB IoT ramp, he reiterates a Buy rating and $2.50 price target on Sequans' shares.

Apple saw sales of its iPhones fall 19.1% in the first three months of the year, CNBC's Ryan Browne reports, citing data from Counterpoint Research. Meanwhile, Huawei saw a 69.7% surge in smartphone sales in the country during the same period, Counterpoint said. Reference Link

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Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here