A very strange analysis. OVTI has been above their valuation target of 16 since March. Increasing inventory? As someone on the IV board pointed out, design wins and multiple OEM wins recently announced would require an inventory build. They have always had a major percentage of low end sensor sales so what is this all about? Is there any basis for this and if so, where is the full report?
Where is that fellow ericsomething. He beat me up two days ago for saying S & Ps downgrade to sell was strange. Let me clarify that. It was VERY strange. Doing the shorts and hedges bidding. As is eric.
True, nor did they announce higher inventories, tight supplies from foundarys, an increase in low margin sensors or higher expenses on new products. Those came from S & P. However, with equal veracity Bairds Tristan Gerra announced in their upgrade two new design wins from major OEMs and a sole provider win from a major PC maker. And, he was not afraid to put his name on his release. Now they both cant be right.