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IDT Sony win and CVA OMIB +2

19:09 07-May-18


Integrated Device Technology has issued a press release stating that Sony has selected its chipsets for wireless charging on the Xperia XZ2 smartphone and optional transmitter dock.  Any design win is good, but I wouldn't get carried away on this one.  Sony is still a household name, but it is forecast to continue struggling in the mobile market, even in Japan.

We also had another OMIB for Covanta announced this evening.  The CEO bought 15K shares at $15.20 last Thursday.  After a post earnings drop that may have related to misreporting of the results by some sites, CVA has been on the rise since the dividend was announced.  I could easily see that continuing all the way through June, at least up to my $16.67 current fair value, and quite possibly higher.