CIBC World Downgrades Pixelworks

Analyst Daniel Gelbtuch says his lower rating is based on the company's disappointing second-quarter results and outlook

Pixelworks (PXLW ) posted 5 cents second-quarter (GAAP) loss per share, and sees 10 cents to 13 cents third-quarter (GAAP) loss. CIBC World downgraded the stock.

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