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OmniVision Technologies, Inc. Message Board

  • genehacker genehacker Sep 30, 2012 11:29 AM Flag

    No Iphone 5 but Ipod Touch and Ipad Mini

    I was reading 2012 OmniVision Shareholder Presentation on OVT website and found something,

    In Page 23- Fiscal 2013 outlook, it says:

    Wave of new OmniBSI-2 based products ramping
    •5 MP

    No mentioning of 8MP. Since both ipod touch and Ipad mini use 1.3 MP and 5 MP cameras. I now believe Ipod Touch and Ipad Mini are the major reason for the 100-150 Mil increase in revenue.

    Based on data released in Apple vs Samsung trial, Apple actually sells more Ipod Touch than Ipad. Therefore I expect the sales of Ipod Touch to be on the order to 10+M per Q. Plus there is high forecast for Ipad Mini, also in 10+M per Q range. OVT makes 3-5 bucks on 1.3MP+5MP combined. Ipod touch + iPad mini could give OVTI 100M revenue per Q.

    The good thing is Ipod Touch starts shipping in Oct, and most likely Ipad Mini will be announced in early-mid Oct and shipped in late Oct/early Nov as well. Chipworks will confirm both cases, and that will give OVTI an big boost in Oct.

    I have bought back half of my positions in low 14s, and will buy more if it dips to 13s. I suggest to build your position before Mid Oct before Ipod touch and Ipad Mini shipping/announcement.

    Sentiment: Buy

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