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Thursday, September 12, 2013
EZCH fall today is an opportunity to accumulate
EZCH fell dramatically today from over $30 to less than $24 due to an announcement by Cisco that they have a new processor that analysts feel will stop Cisco buying from EZCH. Cisco represents over 20% of EZCH revenue so a serious concern if true. Looking beyond the hype though its clear that EZCH own processors are as fast already as the new Cisco chip and that Cisco is committed to buying EZCH for the next 5 years or more as their chip isn't even released yet or available for use. I think the Wall st guys have done it again and oversold this announcement and EZCH will bounce back in the coming weeks as people realize that this is not the issue they thought it was!
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