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Resonant gets a second foundry partner +2

09:26 02-Oct-17


Resonant has announced a second foundry partner to allow it to produce filters for customers.  Unlike the first partner, this one is not specified as tier-one, but it does say the partner serves the U.S., as well as China, Korea and Taiwan. 

Diversity is good, and any announcement can produce some movement in a stock like RESN.  However, I would see a return to anywhere near $5 per share as unjustified, and be more concerned about further attrition, especially if the market sours.  I also have been assuming that Resonant is not paying anything for securing capacity in these partnerships.  Hopefully we can confirm that with the next quarterly report, due early next month.