OVTI/TSMC Likely Obtaining Supply of Sony Sensors (Short Term)
Hello. Voice from the past. Don't trade OVTI much anymore, but I recognize the names of some of the trader/posters on this Board from what I'll call the relatively "early" days when we all speculated that, at some point, Steve Jobs and the boys in Cupertino would recognize that OVTI has the best CMOS image tech in the world and would sooner or later incorporate OVTI's image capture sensor tech into the "only anticipated at the time" new iPhone.
Was made aware of the iPhone 4S "phantom" cam module and 8 MP sensor supplier issue while traveling last week. Based on my read of OVTI's CC's, 10Q's and the AAPL financial rumor mill, and after speaking with Asian counterparts I'm working with on other matters, I posted the following earlier this evening as a comment on the Hesseldahl article in All Things D:
"Omnivision/Taiwan Semiconductor JV has retained the camera module socket in the iPhone 4S. Because Omnivision only introduced its 8830 8 megapixel chip earlier this year, production ramp and yield that take time did not allow Taiwan Semi to manufacture enough OVTI sensors to meet AAPL's initial production deadlines for the 4S. As a result, OVTI/TSMC obtained a "requirements" supply contract from Sony to supply Sony's 8 MP sensor. The sensors are shipped to TSMC and incorporated into the camera module via TSMC's arrangement with Largan, a Taiwan lense craftsman.
Speculating that the OVTI/TSMC supply contract for the Sony sensors contains a minimum take requirement on sensors and guarantees that over the life of the contract, a certain percentage of the camera modules supplied by OVTI/TSMC/Largan for the iPhone 4S will contain a Sony sensor. Likely the supply contract's guarantee to Sony was 10-50%.
Total CMOS 8 MP sensors supplied for camera modules in the 4S will approximate 100 MM year over the next 2-3 years (at least until the iPhone 5 -- the "Knowledge Navigator" -- is introduced in late 2012 or early 2013."
For what it's worth.
The Investors Village OVTI board is a ghost board. All the knowledgable posters have left and whats left is fan and long telling each other none of what happened is real. Both are still pumping. A few political posts, some cartoons and thats about it. Sad.
I have never seen a stock that has so much mystery. If OVTI/TSMC Likely Obtaining Supply of Sony Sensors why it does not show up in the revenue? Last quarter it has $250 million in inventory. What is it for? Semiwiz used to say there is something wrong. But I never understand him.
because this turned out to not be the case. Sony has the socket and will retain the socket, Apple has no motivation to reconfigure phone to give OVTI a shot, largely because the 4s camera has performed so well. The real question will be, will Apple consider OVTI for future business, if not, OVTI will be challenged to accelerate revenues without them. An Ipad3 win would be huge, not so much for the revenue as for the assurance that Apple still considers OVTI a worthy supplier.
not found or expect to find anything yet, have to wait, but this was expected, and makes sense for me:
this quarter, poor results
when earning release, better than expected and ramp-up revenues
iphone 4s, not only front-end (TSMC / OVTI had to outsource part to Sony, because of Man. delays
new android phones, have market share of 43%
htc will follow with new models with ovti
but enough about smartphone, ...
expext more revenue in high margin, like medical applications, etc...
should be worth much more, downtrend done, up from here, but how high and fast, not sure
short interest declined from 6 mln, to 4,5 mln by november 30th, curious, what will happen next week, I hope and expect bounce till 15