The money goes to Omnivision.
Sale of Taiwan assets as mentioned above was a regulatory condition of the buyout. It was in the materials sent out for shareholder vote. So one more hurdle in front of the buyout appears to be resolved.
Volume is relative strong these up days. The three months of down trend is finally turned. Those weak hands are shaken out. There is still juicy 20% to 29.75. The acquisition process is going smooth so far. I won't be surprise we see 27 by the end of the month.
Sentiment: Strong Buy
Does sale assure approval by regulatory agency? Would seem so, perhaps why OVTI trading back up to 25, as spooked holders no longer so spooked.
Sentiment: Strong Buy
Is that a trick question. The money goes to our fearless stealer. My money. I makes the company, so it's mine, mine all da money is mine. Company mine, profits mine, ideas mine, everything is mine. He still says Poo-Cel. Poo shareholders.
TSMC Buys Omnivision Stake in Visera
Taipei Times reports that TSMC board had approved a plan to acquire Taiwan OmniVision Investment Holding Co Ltd and a 49% stake in VisEra Holding Cayman Ltd, both local subsidiaries of OmniVision Technologies Inc, for US$126M. TSMC’s proposed deal increases its stake in VisEra Holding to 98.2%. VisEra Holding was established as a joint venture between TSMC and OmniVision Technologies. Now Omnivision needs to sell some of its assets in Taiwan to allow a regulatory approval of its acquisition by a Chinese investment consortium.
Where does this money go according to the buyout contract? To the shareholders?
Chinese supply many parts for devices used by the US Government and DOD.
That's why most companies have R&D. MS Windows 3.1 is obsolete now but did Microsoft go bankrupt?
Obsolete in what fashion? Mega pixels mean little. After 5 megapixels, which can be enlarged to an 8 X 10 without loss of detail, is excessive and loads memory and transmission rate. And I would be willing to bet that less than 1/10th of 1 percent of photo's taken with a cell phone are enlarged to an 8 by 10 size.
Size of the sensor? A millimeter here and there means little to the size of a cell phone or any other device.
Sensor sensitivity is at the point where you can almost take a picture in extremely low light.
Twelve years ago CMOS sensors were a new technology and the sensors of the future.. Right now is the future and they are just another low cost commodity.
New sensor technology will make current sensors obsoletete inn2016
Sentiment: Strong Sell
Wow, for someone that supposedly sold all their shares a month or two ago, your sure posting a lot of BS.
First, cmos sensors are a commodity with many companies producing them. Omnivision doesn't produce sensors. They design and sell sensors. The sensors are produced in Taiwan (TSMC) and a company in China partially owned by OVTI. All the sensor QC is done in China. And the sensors are not the best in the world. If they were Apple would be using them rather than paying a premium for the Sony sensors.
Second, because of our trade deficit, China has a lot of good old American dollars. What better way to reclaim the money than to sell China a company that has very few assets other than an office building in California, a patent portfolio (Chinese aren't concern with American patents) and maybe sensors that could be
used in the future in automobile's. Of course these camera's won't be produced in the US, nor will a majority of the cars.
For your sake I hope your not short too many shares because times running out.
But you know that. That's why you've posted at least messages in less than 30 minuts.
The US has experts in this field that realize that when it comes to technology what may seem far fetched today becomes very possible in the future.
They also realize that you never want to give your enemy a head start in any way shape or manner.when it comes to technology.
Why give the chinese the opportunity when all they have to do is block the sale of the US technology company and there is no future threat to have prepare for on this front.
These are the type of futuristic questions the oversight committee will be asking.
Giving the chinese a bird's eye view of sensitive information with any new possible spy capabilities built into the next generation of sensors.
The chinese are indeed without a doubt enemies of the US.
No US technology companies should ever be sold to its enemy.The US should never aid any enemy country in even the smallest way.
The sale should be and most likely will be blocked for national security reasons.
The US regulators are aware that there is essentially an undeclared war between the US and china.Any US technology company will be under great scrutiny to see if there is any chance the chinese can use the US company's products against the US.
Its low light sensitivity is better than Apple iPhone 6.