..The handset industry continues to adopt next-generation air interface standards." On a brighter note, the company said that it will see sequential increases in sales and gross margins in the current quarter ending in June..
They are hurting on thier last generation technology, the newer edge stuff is still being adopted looking forward. OVTI is on thier new generation stuff and selling well.
That is a positive spin, but he combination of Samsung's miserable qtr, the negative preannouncement from Sony Ericsson plus RFMD news, IBM, SUNW, and on and on does not bode well for OVTI or the tech market in general. The slide for almost 3 weeks in OVTI means something. I am sorry that I bought in the 15's and 14's myself and will try to hedge against my positions. Tech is not going to move up. Oil and maybe some internet stocks will see gains, but forget the rest. It is a reality and boring one at that.