Wolfson snubbed as supplier to new Apple players-source

Thu Mar 27, 2008 4:18am EDT
 
[-] Text [+]

LONDON, March 27 (Reuters) - British chip-maker Wolfson Microelectronics (WLF.L) said on Thursday it had been snubbed as a supplier to portable media players by a major customer, which a person familiar with the company said was Apple (AAPL.O).

The Edinburgh firm, which supplies chips used in Apple's iPod and iPhone, said in a statement the next generation of the media players by the customer were due to be launched in the third quarter of 2008 and that second-half revenue would be hit as a result. (Reporting by John Bowker; Editing by David Holmes)

 

commentary

An investor uses his mobile phone at the Dubai Financial Market December 1, 2009. REUTERS/Mosab Omar
Is Dubai bad news for the rest of us?

Financial markets went down on Dubai because they have become addicted to moral hazard and anything that doesn't conform with the idea that all shall be bailed out is scary.  Commentary