This company has always maintained a huge cash horde. They justify it as needed to assure OEMs that being a small company, they can perform large orders easily. True, but the real reason is so Hong can buy back millions of shares when the stock price crashes (as it does often and without warning) to give to management as freebies in the form of options and rights offerings. Do some DD and look at the history.
Yes Lord . I have been burned several times between profits the past eight years I have been in this. Their attempt at IR and the timing is always bizarre. I remember the upward forward guidance prior to loosing the high margin AAPL camera.Crickets during the actual quarter in question. If there is positive news and/or guidance there is always time to participate when the options makers jerk the price down.
When OVTI has a product announcement days before the scheduled CC, it has meant the numbers will suck. Whoever bought at 16 ah just got reamed.
It would be perfectly normal to see a negative rumor blast the pps just before the release. It has happened often. So far all we have had is the same old Sony repeat which didn't take.
Apparently you missed 2010 and 2011. Your statement is identical to those flooding this board when Apple followed by selecting Sony as the source of the main camera for ther I-4s,taking away the main income product from OVTI. Sony has held that spot since. And yes, Apple is talking to all component providers and would be providers on each new product. Why is this news? There must be a more detailed report coming.
The tutes have known and digested the impact of OVTIs ownership in this company for some time. What's new is monetizing of this by adding the liquidity through the IPO. What this does to the sp of OVTI is the question. It has to be positive long term. Need an accountant to report the impact on book value. Anyone?
I knew George Washington. Obama is no George Washington.
My small well managed profitable community bank was acquired years ago by a larger bank. Then an even larger one acquired the survivor. This happened two more times, ending up owned by Wachovia. My initial investment was worth a fortune until it landed in the greedy,incompetent managements hands. Be thankful for Stumpy.
Hump this junk on the AMD board. They did not beat and guidance disappointed. Shares crashing. Go away!
Soup,you have most of the reason for larger,unexplained short term moves in the pps. They do it because it's easy. Reasons are varied but harvesting margined shares and stops and working the option market are some. Most show the float at over 50 mil. I believe true float is under 10 mil. The tutes have long owned major percent of shares and this has been going on for a decade.
He was there with Terry Macaulliff the new governor of Va. and a graduate of the Bill and Hillary School of Ethics and Honesty. The slime has started taking over Va. today.Meanwhile Tom, George and Patrick are spinning to China. Truly embarrassing.
Well the Gionee win was a positive PR piece for sure but while Gionee is an aggressive newcomer in China and India it remains to be seen if they can become important. They had just over 3 percent of the China phone market and no indication of how much was smartphones. They are trying to get into India with about 1 percent there. That is not enough basis (IMHO) to justify the 24 percent run up of the last two months and we don't know if they have even retained the low margin slot in the 5 S & C.All that in the face of managements horrible guidance for the Jan. quarter and the only realistic outcome seems to be set up for a fall. I am taking some profit at 17 and hope I am wrong.
We have had a recent run up which appears to be Apple related. So far there is no real data on OVTI making any progress in winning the high margin camera slots with Apple Since they lost out to Sony two years ago. They have apparently retained some of the low margin I/C slots in other Apple products. I am long OVTI and don't want to miss something but Before I add please help me with some facts? Or is this just hopeful pumping from the uninformed . If you know please share.
Reading a balance sheet is very complicated. They have more than 66 billion in debt. Do not confuse short term assets with long term debt as meaning anything. I don't like their balance sheets portion of intangiblei assets and goodwill but that is for the experts to explain.