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Technology Stocks : SWKS - Skyworks Solutions, Inc (was AHAA)
SWKS 124.17+0.9%Jan 17 4:00 PM EST

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From: mlc1789/26/2019 1:12:00 PM
   of 1688
 
QRVO, SWKS slide as analyst sees Huawei losses
Sep. 26, 2019 10:38 AM ET|About: Qorvo, Inc. (QRVO)|By: Brandy Betz, SA News Editor

Susquehanna analyst Christopher Rolland writes that Huawei has found alternatives to most U.S. RF suppliers, citing a visit to China and discussions with Huawei.

Rolland says volumes are unlikely to return to pre-ban levels even if the ban is lifted. The purchasing levels could return to only 50% of the prior levels.

Susquehanna cuts Qorvo ( QRVO -1.2%) from $74 to $70 and Skyworks ( SWKS -0.8%) from $78 to $74.

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Of course Huawei would find alternatives. There are plenty of Japanese and European alternatives to these two US companies.
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