Cirrus Logic (CRUS) Could Benefit from Audience's (ADNC) Demise

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Go back to Cirrus Logic (CRUS) Could Benefit from Audience's (ADNC) Demise

Audience (ADNC) Says Processor IP Might Not Be Used by Apple (AAPL) in iPhone 5; Boosts Q3 Outlook

September 6, 2012 4:27 PM EDT

Audience, Inc. (Nasdaq: ADNC) provided an update on the prospects for use of its processor intellectual property (processor IP) in the next generation mobile phone release of a large OEM customer. Additionally, Audience provided an update to its business outlook for the third quarter of 2012.

Product Transition

Audience sells processors and licenses its processor IP to Apple Inc. (Nasdaq: AAPL) and certain of its subsidiaries (collectively, OEM) for inclusion in the OEM's mobile phones pursuant to a Master Development and Supply Agreement (MDSA).... More