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u-blox sees LTE Cat-M1 and NB-IoT slowdown, stock market quivers

Wireless module supplier u-blox has reported that it expects slower deployments of LTE Cat-M1 and Cat-NB1 in the second half of 2018, and a loss of business from its Chinese customers. This has triggered a sharp fall in its share price, which seems out of step with its financial results and warnings – where net profit stood at 25.1mn CHF, or 12.61%, and up 39.3%. In the half-year results, it reported revenue growth of just 2.6%, compared to H1 2017, bringing revenue to 199mn CHF. It points to the long lead times for other components that its customers have faced as a source of this slow growth, as well as the shrinking business with large Chinese firms, as the main…

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