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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).
Big changes are in the air for some of Orange County’s largest medical device makers.The top local firms in one of OC’s most vital industries made headlines in the past year, ranging from proposed spinoffs to a $3.7 billion sale.
Linda Park, who is associate general counsel and corporate secretary for the maker of heart valves, last year was honored with the Rising Star Award at the Business Journal’s General Counsel Awards.