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Skyworks Revenue Falls; Lantronix Stock Surges - Orange County Business Journal

Two Irvine-based tech companies last week reported quarterly results that are foreshadowing future industry trends.Skyworks Solutions Inc. forecast on April 30 that its fiscal third-quarter sales and adjusted profit will be much lower than analysts expected. It cited slowing mobile device sales. Shares dropped 15% in the following trading session to $90.30, for a $14.4 billion market cap (Nasdaq: SWKS).

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