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Why Pixelworks Inc. (Nasdaq: PXLW) Stock Soared 85%

By Diane Alter, Contributing Writer, Money Morning - March 6, 2014
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Why Pixelworks Inc. (Nasdaq: PXLW) Stock Soared 85%

Why Pixelworks Inc. (Nasdaq: PXLW) Stock Soared 85%

By Diane Alter, Contributing Writer, Money Morning - March 6, 2014

What happens when an obscure small-cap company announces behemoth Apple Inc. (Nasdaq: AAPL) is a major customer? Shares skyrocket.

That's exactly what happened Thursday when Pixelworks Inc. (Nasdaq: PXLW) disclosed Apple is a chief purchaser.

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