TriQuint Eats Bad Guidance (TQNT)

Posted in General 
October 22nd, 2009

TriQuint Semiconductor, Inc. (NASDAQ: TQNT) needs to be riminded that a tech recovery is underway.  The company met earnings estimates but gave guidance that was under Q4 estimates.  Considering that the stock had shown an exponential recovery, that is no good.  Shares are down 22% at $9:40 at $6.29 and the 52-week trading range is $1.67 to $8.59.  We have lready seen 6.1 million shares trade versus an average volume of about 3.2 million shares.  JON C. OGG

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