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OmniVision Technologies, Inc. Message Board

  • zapmaster_the_kinq zapmaster_the_kinq Mar 27, 2007 8:43 PM Flag

    Why the rumor and why OVTI zipped its mouth

    Stage 1
    OVTI thought a CC may help the price.
    OVTI made a CC to promot the price. In the CC, CFO said "We are not dead yet". OVTI went down after the CC with no control.

    Stage 2
    OVTI started to think of another way to control the damages.
    It announced WFC unexpectedly in the Spain show. Most analysts questioned the motive.
    Unfortunately, it did not help the price that nuch.

    Stage 3
    OVTI reported $.20 instead of $.19 and hinted good results for 2008 and started $100 MM share buyback. No one believed OVTI and OVTI price went to $11.30.

    Stage 4
    OVTI has tried everything from annoucing WFC to buyback, promising good 2008 results or different CC but none has worked so far. The last choice to control the price may be a rumor. This can be done easily. It can hold the price for a while. Desperate time requires desperate measures.

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