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Monday, May 14, 2018

====Acacia Communications (ACIA) : President Trump indicates openness to working with Chinese telco hardware maker ZTE



Acacia Communications leading optical stocks higher after President Trump indicated openness to working with Chinese telco hardware maker ZTE; NXP (NXPI) surges on better outlook for Chinese approval of acquisition by Qualcomm 
  • Optical stocks higher premarket after President Trump indicated openness to resolving issues Chinese telco hardware maker ZTE.
  • On April 16, the group fell after the US outlawed doing business with Chinese telco equipment firm ZTE.
  • ACIA(ZTE accounted for 30% of revenue in 2017) +18.08% OCLR+7.35% IPHI+5.99%LITE+5.47% NPTN+4.81% FNSR+4.48% FN+4.20% AAOI+2.99% MTSI+2.81% VIAV+1.94% ADTN+0.33% IIVI 
  • On a related note, easing economic tensions between China and the US seems to indicate better odds that Qualcomm (QCOM+2.5%) will get approval to acquire NXP Semi (NXPI+10%)

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