>>The future outlook from a macro-economic perspective is vastly different today than it was 6-12 months ago.
The economic perspective for OVTI doesn't change worse!!! Acutally, I think it is improving as few people interest in a low-resolution camera phone, but a high decent resolution camear phone which 3MP chip provides will create huge buy interest.
The guidance for the current qtr was a little light and the semis have been gettng the crap kicked out of them for about six weeks. Some people believe the current chip cycle is past its peak. I think this answers your question in a nutshell.
There is no fundamental change.....if anything, OVTI is in a better position, owing to the near future release of new products......perception is the key....restatement, putting off earnings release, Tristan Gerras' personal vendetta against this company.....all added up to go against this stock....the absence of any positive PR from the company has fueled the decline....