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Fly News Breaks for March 20, 2015
CHU, CHA, CHL, ALTR, XLNX
Mar 20, 2015 | 06:24 EDT
Citigroup says the lower 2015 capital expenditure guidance from China Mobile (CHL) is negative for Xilinx (XLNX) and Altera (ALTR) since it offsets the higher spending at China Telecom (CHA) and China Unicom (CHU). Citi sees downside to consensus estimates for both Xilinx and Altera and keeps Neutral ratings on the stocks.
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