The stock's rolling nicely today. DeBonis got all the bad news out 1st qtr - makes the rest of this year and beyond look very encouraging.
"Asus Zenfone 3 series, which was unveiled at Computex 2016 in May, is expected to set foot in India soon.
Asus is expected to reveal the price and availability details of the Zenfone 3 series by hosting two events simultaneously in India and in Taipei on July 12 , The Mobile India reported citing its sources."
I believe it retails at $479.
"The ZenFone 3 Ultra will be available in mid-June in Taiwan, Asia Pacific, the EU and China. There's no word on US availability for now. It will cost $479 (converting to around £330, AU$670) for the 4GB RAM, 64GB onboard storage model, with prices increasing for models with more storage"
Got this from one of the ZenFone 3 Ultra pages...and it prompts a question that I hope someone on the board might have a good educated guess at an answer.
"The ZenFone 3 Ultra will be available in mid-June in Taiwan, Asia Pacific, the EU and China"
I believe it also introduces in July in India.
My question: Anyone have an educated guess, or from personal experience from working for a smartphone company, as to how many ZenFone 3 Ultra's would be manufactured in the initial production run to fill the supply channel to support sales in all these regions???
Seems appropriate for what's going on with the stock price lately. IMO, accumulation is and has been taking place since the insider buys a few months ago. 2nd half of this year will be good IMO and start pushing the stock price well over $2 and beyond with staying power.
Sun Tzu's Rules for Institutional Accumulation
Buying requires selling. You have to spend money to make it. Be prepared to sell 3 shares to buy 5.
Sell ruthlessly just when the fog begins to clear.
Sell down to newly placed stop-loss orders after recent gains... you can trigger a selling cascade that builds downward with very little help.
Create uncertainty about news with counter-intuitive price moves.
Use and develop negative TA formations to add credibility to the downward pressure you are creating.
Retailers come in surges, and fade just as quickly. In the face of overwhelming buying, yield the field... temporarily. The next day will provide opportunity to walk it back down.
Patience patience patience. Persistent pressure breaks sentiment over time.
Every little bit helps at this point and being mentioned along with Verizon isn't a bad thing either. Pixelworks needs the Asus Zenphone 3 Ultra to sell well and to get included in more smartphones.
Wish they had released the Verizon PR before the market opened or during trading hours rather than after the market closed.
No release date for U.S. yet.
Not sure why they released the PR now if it was available as of June 23rd or why they release this news after hours today? Perhaps they were waiting for the ok from Verizon.
SAN JOSE, Calif.--(BUSINESS WIRE)--Jun. 30, 2016-- Pixelworks, Inc. (NASDAQ:PXLW), an innovative provider of display processing technology, today announced that Verizon Wireless and ASUS have launched the ZenPad Z8, incorporating Pixelworks’ Iris mobile display processor with True Clarity® technology. The 7.9” ASUS tablet leverages Pixelworks’ mobile video processing technology to deliver 60 million pixel optimizations per second for blur-free motion, establishing a new standard for HDTV quality in mobile video.
"The ZenPad Z8 is the ultimate entertainment device for watching movies, TV shows, and live sports," said Rangoon Chang, ASUS General Manager, Mobile Computing Business Unit. “And ASUS’ VisualMaster suite of picture enhancements, driven by Pixelworks’ True Clarity technology, is the key to a remarkably enjoyable viewing experience.”
“Pixelworks’ technology is setting a new standard for delivering superior video quality on mobile devices, and in doing so is providing OEMs with a truly unique opportunity to differentiate their products,” said Richard Miller, Pixelworks Executive Vice President. “We’re very pleased to expand our relationship with ASUS, and having the ZenPad Z8 available exclusively through Verizon Wireless represents another leading product that showcases the benefits of Pixelworks’ True Clarity video processing technology.”
In addition to the benefits provided by Pixelworks’ Iris video processor, the ASUS ZenPad Z8 features the following:
7.9” screen with a 2048x1536 resolution display
Qualcomm® Snapdragon™ 650 Hexa Core, 1.8 GHz
Supports Verizon’s 4GLTE network, and ready for XLTE
2GB of RAM, 16GB of storage, up to 128GB of expandable storage
8-MP rear-facing, 2-MP front-facing camera
USB type-C connector
The Pixelworks Iris family of mobile display processors implements the Company’s True Clarity algorithms, processing every video pixel at up to 60 frames per second.
They have plenty of cash on hand and will be profitable by the end of the year - no need for anymore stock dilution. What other gripes that are non issues have you got?
"Cost cutting is nice but increasing sales and revenues, or new product development seems to be what we should be looking for and talking about. Funny but I don't see either here"
Their Iris chipset is a fairly new product line. Yes, it's been out for a couple years but the mobile focus is recent and it's an architectural design change for customers in order to use it's benefits. If the chip indeed does what the company claims in regards to video performance and power savings and is priced competitively...we should have some more customer wins in the near future.
As for the cost cutting...They're cutting out business segments and products that are old and no longer competitive. Smart move by the new management - Bruce should have done that ages ago. Anyone in the stock at these levels will easily double their money IMO.
I think I'd add now. Stock price has seemed to stabilize here and the buying after it's added to the Russell Microcap tomorrow should help even further.
Sent the following question via email this morning to IR. Not sure we can make out much from the response but thought I'd post it anyway. Is the tablet customer Verizon? Could it be with AT&T and thus a great fit with their DirecTV offerings? Somebody else? Looks like we'll need to just wait and see...In any case, I was pleased with the quick response if nothing else. Brett is with The Shelton Group as they evidently do IR / PR work for PXLW.
My question to IR:
Does the recently announces Asus Zenpad 8 for Verizon use Pixelworks Iris and Tru2Life+ technology? Is Verizon the wireless carrier you've been talking about that was going to use Iris in their tablet offering?
The email response I received:
Thank you for your email and interest in Pixelworks (PXLW).
To date, Pixelworks has not received approval to and thus not disclosed anything more about the expected mid-year tablet offering at a U.S. wireless carrier. Given that we haven’t disclosed anything more, I can’t comment either way or specifically on your questions below. Feel free to contact me directly with any further or future questions.
I suspect the Verizon version still has Tru2Live+. Can't see why Verizon would want Asus to remove it from their version of the Zenpad 8 and go with lower image quality. Not sure Verizon would save any money by requesting an altered version of the Zenpad 8 without the feature as it would probably necessitate a manufacturing change and that would be more expensive than sticking with the existing production line.
ZenPad S 8.0 is equipped with a 2K QXGA (1536x 2048) IPS display with a wide 178-degree viewing angle and an incredible 324ppi pixel density for a stunning, beautifully-detailed viewing experience. It also comes with ASUS Tru2Life Plus, which includes all the benefits of Tru2Life and also improves video with fast action scenes by reducing blur, resulting in for smooth, detailed motion. ZenPad S 8.0 takes tablet performance to the next level. It is powered by a 64-bit Intel® Atom™ Z3580 processor and is the world’s first 8-inch tablet with 4GB of RAM, delivering blazingly fast performance when running the most demanding games and apps, and offering incredibly smooth multitasking.
Can't really tell for sure if Verizon is the U.S. wireless carrier Pixelworks was talking about or not. The timing of the release by Verizon is about right with what Pixelworks said though.
Just taking a guess...but it looked like maybe some institution was getting rid of some shares today. With such a tiny amount of shares outstanding and the small daily trading volume the move is exaggerated. That dynamic will work in PXLW's favor over the next few quarters as the benefits of the reorganization of the business, reduced headcount and cost savings are revealed and more good news in regards to Iris is released. It's gonna take tome though.