February 21, 2013 at 11:38 AM EST
RF Micro Devices And Skyworks Downgraded
Qualcomm Inc. (Nasdaq: QCOM) introduced a new family of RF360 Front End Solution chips prompting an analyst to downgrade competitors RF Micro Devices Inc. (Nasdaq: RFMD) and Skyworks Solutions Inc. (Nasdaq: SWKS). Shares of Qualcomm lost 87 cents to $64.40 while RF Micro Devices stock fell 73 cents to $4.44. Skyworks Solutions plummeted $3.05 to $20.57.
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