not found or expect to find anything yet, have to wait, but this was expected, and makes sense for me:
this quarter, poor results when earning release, better than expected and ramp-up revenues
android razr iphone 4s, not only front-end (TSMC / OVTI had to outsource part to Sony, because of Man. delays i-pad 3 new android phones, have market share of 43% htc will follow with new models with ovti
but enough about smartphone, ...
expext more revenue in high margin, like medical applications, etc...
should be worth much more, downtrend done, up from here, but how high and fast, not sure
short interest declined from 6 mln, to 4,5 mln by november 30th, curious, what will happen next week, I hope and expect bounce till 15
I hope so too. What makes you think this can go to 15 next week. I would think that it would take some news release stating 8830 was found in I-Phone 4S, or some other positive news release. Otherwise done see the catalyst.
There are great opportunities for OVTI, unfortunately the 4s ship has sailed. Great reviews for 4s camera dont help. The biggest issue hanging over OVTI at this stage is the massive inventories. If they cant move this volume, there will be write downs later in the year. OVTI will be fine long term, near term they destroyed a great company and growth story by being late to market with the 8830 sensor.