Cantor Fitzgerald Comments on CEVA Launches

In a research report published this morning by Cantor Fitzgerald, the global launch of Samsung's flagship Galaxy S3 indicates that CEVA CEVA will regain its earnings momentum in 2H. According to Cantor Fitzgerald, "Smartphone leader Samsung (29% 1Q:12 share, eclipsed Apple's 24%) launched its Galaxy S3 this week in 28 countries (perhaps the largest global product launch ever) across Europe and the Middle East (LTE and HSPA+ U.S. launch early summer). This smartphone is powered by Samsung's 1.4GHz Exynos 4 processor that incorporates CEVA DSP technology. Reviews (Verge, Engadget, Pocket-lint, TechRadar, PC World, SlashGear) for this Android 4 smartphone have been stellar." Cantor Fitzgerald maintains its Buy rating and $35 PT on CEVA, which closed yesterday at $16.90.