05-16-2013, 02:39 AM
The good news show continues here..
InvenSense (INVN +4.6%) will gain Apple as a client this year and will also be designed into...
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Wednesday, May 15, 12:13 PM ETInvenSense (INVN +4.6%) will gain Apple as a client this year and will also be designed into Samsung's Galaxy Note 3, says Pac Crest in a note that's lifting shares. On Monday, Wedge Partners, which in the past has said checks point to an iPhone 5S design win, said initial Apple shipments could happen in Q2, and that InvenSense is part of a reference design for MediaTek's 6589 quad-core processor, something that has led to a design win with growing Chinese smartphone vendor Xiaomi. Also: InvenSense filed a fresh lawsuit against archrival STMicroelectronics (STM +1.7%) yesterday.

