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Himax Technologies, Inc. Message Board

haschultz1 147 posts  |  Last Activity: Jun 23, 2016 7:20 PM Member since: Apr 27, 2001
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  • Reply to

    DPD demonstration

    by jimmye123 Jun 2, 2016 8:42 AM
    haschultz1 haschultz1 Jun 2, 2016 6:37 PM Flag

    Hey iamgrace,

    I agree that we have no idea how many engineering units will ship......now or later. But, I suspect it is a smaller number. After all, if EMAN had much volume at all, they would be widely sent out for evaluation as that is how EMAN would best determine future orders and thus production runs and equipment or outsourcing needs..

    If you read my initial post on this topic, I was merely asking why EMAN stated the wouldn't be shipping any additional units out until 4Q 2016 and why these couldn't be done sooner. Thus, I suspect they are not capable of producing any at this time (equipment tied up making other displays, etc.). After all, it would seem additional engineering units would be minor as compared to any sales run. So, this all points to no sales until 4Q 2016 at earliest also.

    I also never questioned the shipping of limited units to loyal customers......only that they should not ignore or disrespect potential new customers as frankenberry seems to think should be done (from his own note: "..others who have not supported them will receive samples later just to see what they are missing. Payback's a beatch !" And, aren't most current customers military related......and isn't the true volume and promise in corporate/enterprise/consumer related and new customers frankenberry would ignore?

    Again, this is great news for EMAN and shareholders........but all of this 4Q 2016 timing would seem to indicate no real movement on this until then. I do like to connect this with their licensing agreement as that sounds promising.......as developers are not always the best mass manufactures.

    My comment about outsourcing the manufacturing and risk to IP is real as many who use contract manufacturers stand the chance of their designs being 'leaked'. I hope this never happens......but I also know that is wishful thinking and a reason some companies keep certain fab operations in-house rather than sub it out.

  • Reply to

    DPD demonstration

    by jimmye123 Jun 2, 2016 8:42 AM
    haschultz1 haschultz1 Jun 2, 2016 4:06 PM Flag

    From your post "No. I speak for me".

    That explains the idiotic and negative attitude towards potential new customers..........and quite possibly your buy points/prices vs. current share prices on EMAN, KOPN, VUZI, etc.

  • Reply to

    DPD demonstration

    by jimmye123 Jun 2, 2016 8:42 AM
    haschultz1 haschultz1 Jun 2, 2016 3:27 PM Flag

    Hey frankenberry,

    If, as you write, "Winners & losers have already been chosen".........why bother sending out any more engineering evaluation units?

    Do you speak for EMAN Mgmt?

    Weren't you also the guy who defended VUZI not allowing potential customers from signing up for iWear upon visiting their website to find out they were not available?

    Finally, if they can't provide any more units for evaluation until 4Q 2016.........when do you think they will be able to deliver sales units in volume for their favored customers?

  • Reply to

    DPD demonstration

    by jimmye123 Jun 2, 2016 8:42 AM
    haschultz1 haschultz1 Jun 2, 2016 2:49 PM Flag

    I can agree with rewarding loyal customers.........but if you want to grow, you treat prospective customers well as all your loyal customers were prospective customers at one time. Interesting how you would treat them.

    But, the real point is what it takes to fab more of these displays........and why another batch of displays for prospective customers couldn't be done within a week or two.

    How many of these displays do they have right now which they are sending out for evaluation? 5? 10?

  • haschultz1 haschultz1 Jun 2, 2016 2:44 PM Flag

    Hey donigetagapper,

    Good point although:

    + with cheaper drones, visual inventories could be performed more frequently if value is obtained. The current practice of once to twice a year visual inventories is predicated on the cost and disruption to business to perform these visual inventories

    + frequency of visual inventories may not matter to drone and drone part suppliers just so long as drones are sold for this purpose. And, with the downtime and labor savings, the drones would seem to pay out quickly.

    + drones will probably also be used to do informal checks and other tasks where eyeballs had been needed and use cases will increase to things we are not currently aware of

    + visual inventory checking is just one more of the expanding possible use of drones which benefit drone and drone part manufacturers.

    Note that I was not claiming this was a 'game changer'........but just one more use of sensors, cameras, camera arrays, etc.

  • Reply to

    DPD demonstration

    by jimmye123 Jun 2, 2016 8:42 AM
    haschultz1 haschultz1 Jun 2, 2016 2:08 PM Flag

    Thanks iamgrace,

    I agree outsourcing the fab is the quickest and economic way to go..........but it does require sharing of IP, etc.

    There have to be reasons EMAN can't ship more engineering units until 4Q 2016 and I hope this is discussed in their next conference call. This delay means no manufacturing capability currently available for these chips at present.

    This can't be good news for KOPN displays.

  • Found this article talking about how Wal-Mart (and I expect many others including Amazon) will use drones in warehousing. This will drive sensor, CMOS, Camera Arrays, etc. sales which can benefit HIMX as there would be many parallels to the Automotive markets.

    The article also mentioned the use of drones for delivery........but I see that as further out due to cost and public skepticism on drones for deliveries. But, the use in your own warehouses seems like it would come much quicker as the public is not impacted.

    Finally, note that this should have been expected as Wal-Mart committed to higher salaries for its workers......and higher human costs drives automation (as we will soon see with self order/pay kiosks in fast food restaurants).

    "Walmart's Vice President of Last Mile and Emerging Sciences Shekar Natarajan demonstrated the use of drones to reporters in one of the company's regional distribution centers.

    "We are still in early phases of testing and understanding how drones can be better used in different types of business functions," he said.

    The remotely controlled drone captured 30 frames per second of products on aisles and alerted the user when product ran out or was incorrectly stocked. Natarajan said drones can reduce the labor intensive process of checking stocks around the warehouse to one day. It currently takes a month to finish manually.

    Finding ways to more efficiently warehouse, transport and deliver goods to customers has taken on new importance for Wal-Mart as it deals with wages costs while seeking to beat back price competition and boost online sales.

    Wal-Mart said the camera and technology on top of the drones have been custom-built for the retailer."

  • Reply to

    DPD demonstration

    by jimmye123 Jun 2, 2016 8:42 AM
    haschultz1 haschultz1 Jun 2, 2016 12:49 PM Flag

    Great news for EMAN and shareholders.

    Why will the additional evaluation units not be shipped until 4Q 2016 as per:

    "Our current expectation is that we will begin shipping additional engineering samples to other customers in the fourth quarter of 2016".

    My take is that the initial units were a batch production and it is not easy to produce another batch for evaluation soon. Is this because they require the use of equipment 'borrowed' from the production of their other displays and they need to build inventory on those items before 'borrowing' this equipment for another batch?

    If I were a shareholder, I would want to ship engineering samples to those who want them ASAP.

    The other two questions worthy of debate would be:

    1) What would it cost to develop a dedicated manufacturing line to produce several million of these per year.......and where will EMAN get that money (borrow, secondary, customer investment, outsource the manufacturing, etc.)?

    2) At the volume of several million units per year, what would the cost to EMAN and then selling price (and thus gross margin)?

  • Reply to

    Options

    by jarhead19881992 May 31, 2016 1:10 PM
    haschultz1 haschultz1 May 31, 2016 2:46 PM Flag

    Hey jarhead,

    With HIMX options, keep in mind that HIMX will most likely be ex-dividend by the 3rd Friday in July which will be the 15th. While a dividend payment can cause a share price to drop........if the dividend is actually paid by 15-July, there could be some DRIP's (Dividend Re-Investment Plan) buying upon dividends being deposited into account (and there can be 2+ weeks between ex-dividend date and the dividend payment showing up in your account).

  • Reply to

    New 52 Week HIghs.......

    by haschultz1 May 24, 2016 7:28 PM
    haschultz1 haschultz1 May 27, 2016 4:17 PM Flag

    MXL closed Friday after setting another 52 week high for intraday trading and the close.

    As there are many published lists of stocks making 52 week highs, MXL has to be getting noticed. And, anyone who does much research on MXL will notice the good growth and very fair valuations with an attractive PEG (P/E to Growth) less than 1.0.

    I am considering selling some calls at the $22.50 or $25 level for income and because selling calls like this can be better than just selling the shares outright.

    Having written that, I do think MXL can finish the year over $25.......and perhaps finish 2017 at $30 (which is a 20% gain for 2017).

  • Reply to

    Dividend

    by players2 May 26, 2016 4:47 PM
    haschultz1 haschultz1 May 27, 2016 1:48 PM Flag

    I wonder how much of the dividend will go into DRIP's or being used to purchase more stock?

    Assuming:

    + 133 million shares being paid $0.09/share is $11,970,000 of dividends
    + 25% goes to the parent company for their shares and who will not buy any additional shares
    + 25% of the dividends will be used to purchase more shares
    = Amounts to .25 x 133 million shares x $0.09/share / $3.45/share = 867,000 shares or around 1/2 of the typical daily trading volume

    I am unsure if this will 'move the needle' for the share price..........but the ~10%/year dividend just might for those wanting a nice dividend on a stock trading below book value (~$6/share after the latest quarter) and having a chance to double in price.

  • Reply to

    Last yr the divvy was announced 5/11..

    by lss2590 May 27, 2016 10:52 AM
    haschultz1 haschultz1 May 27, 2016 12:28 PM Flag

    Come on people, learn to fish and locate this easily found information using a unique tool called a search engine!!!! And, this was also discussed on this board.........as I posted a table of declaration dates in the past month.

    So, let me give you two lures to put in your dividend toolbox by stating that this information is available on:

    1) The HIMX website where you can also see their Investor Presentations and other information (and sign up for emailed new releases)

    2) The NASDAQ site also lists historical dividend information including declaration date, amounts, etc. You can find it at nasdaqDOTcom/symbol/himx/dividend-history

    Posting tables on Yahoo's Message Boards are a hassle so I will simple summarize the declaration dates for the lazy who won't use the above lures to learn to fish for themselves. But, if you go to the link above (replace DOT with a dot/period), you will also see the dividend amount, ex-date, payable date, etc.

    Year Declaration Date
    2015 May 11, 2015
    2014 June 24, 2014
    2013 June 17, 2013
    2012 June 11, 2012

    So, glhsken was correct in stating HIMX announced early last year......and that seemed to me to be a case of supporting their stock price as the shorts were in attach mode last May.

  • Reply to

    Technical Question

    by we_are_borg May 9, 2016 6:05 PM
    haschultz1 haschultz1 May 27, 2016 1:04 AM Flag

    Thanks. I'll be more observant the next time I pass a cell tower.

    Wouldn't there also be two radio transmitters (and signal amplifiers/conditioners) involved; one to transmit to the cell tower with the hardwire lines......and then one to transmit to back to our cell phones? Are these radio transmitters a separate hardware device on the cell towers or are they part of the antennae?

  • Reply to

    Great article on Himax

    by needvswant May 26, 2016 9:53 AM
    haschultz1 haschultz1 May 26, 2016 11:59 AM Flag

    See also this from Seeking Alpha today on MSFT's VR efforts (not to be confused with their Mixed Reality Hololens):

    Gaming site Kotaku reports Microsoft (MSFT +1.5%) plans to launch "a cheaper, smaller, Xbox One" this year, and will launch a more powerful model in 2017. The cheaper/smaller Xbox is expected to be shown off at the industry's E3 conference (runs from June 14-16).

    The 2017 console, codenamed Scorpio, will have a more powerful GPU, and be capable of handling 4K gaming and directly supporting Facebook's (NASDAQ:FB) Oculus Rift VR headset. Microsoft already has a partnership with Oculus through which streamed Xbox One games can be played on Rift headsets connected to Windows 10 PCs.

    Also reported: 1) Microsoft wants to further its efforts to converge Xbox and Windows, with future hit games released on both platforms. 2) Microsoft is moving towards an "incremental" upgrade model for consoles (much as it's doing for Windows), with frequent hardware upgrades replacing massive upgrades that arrive every several years.

    Sony has been widely reported to be prepping a revamped PlayStation 4 that supports 4K gaming and "enhanced" support for the company's PlayStation VR headset. Both the new console and the PlayStation VR are expected later this year.

    AMD (AMD +0.2%) supplies an APU (integrated CPU/GPU) for both the PS4 and Xbox One, and will presumably get an ASP boost from the sale of more powerful APUs for 4K-capable consoles.

    Update: Also of interest: The Verge reports Microsoft plans to unveil a "Chromecast-like" streaming stick for Xbox digital content at E3. The device will work with Xbox One controllers.

    Jose should be happy with the mentions and prospects of AMD who seems to have reduced their fight for market share with Intel and focusing on niches of GPU's, VR, Gaming, etc.

  • Reply to

    Great article on Himax

    by needvswant May 26, 2016 9:53 AM
    haschultz1 haschultz1 May 26, 2016 11:54 AM Flag

    Hey needvswant,

    Agree this is a great find and thanks for sharing.

    Gumshoe does have a following (tried but could not find subscription counts)..........and is picking this up from Jim Pearce of Personal Finance.

    "Jim Pearce is the Chief Investment Strategist of Personal Finance, our flagship publication (Investor Daily). He is also the Director of Portfolio Strategy for Investing Daily and is Director of Investing Daily’s Wealth Society. He began his career as a stockbroker in 1983 and over the years has managed client investment portfolios for major banks, brokerage firms and investment advisors. Jim has a BA in Business Management from The College of William & Mary, and a CFP from the College for Financial Planning."

    As for HIMX share price, there is still not enough buying pressure to move the shares although it is under accumulation. If one looks at the recent analyst estimates on Yahoo, HIMX is starting to be fairly valued. Soon, with more EPS releases that are now above prior year's quarters, it will start to move up.

    Note that 2Q 2016 is now estimated at $0.10 on Yahoo and close to HIMX Mgmt guidance. And, this will compare to $0.05 from 2Q 2015. 3Q 2016 looks even better in comparison with estimates for $0.11 vs. $0.01 in 3Q 2015. FY2016 is for $0.41 vs. $0.18 for FY2015.

    While I am uncertain about the dividend (based upon FY2015 of $0.18, it could be $0.15 or so), we could see some dividend reinvestments after the dividend is received in our accounts.......about a month before 2Q 2016 Conference Call.

    Thanks also to pagdyl and normagain for the news and details on Baird.......and note that they did this before HIMX actually presented at their conference.

  • Reply to

    AFTER HOURS UP

    by nipper_12 May 24, 2016 8:15 PM
    haschultz1 haschultz1 May 24, 2016 11:10 PM Flag

    Hey nipper_12,

    The 400 share trade at $9.50 could be something or not. Most likely, it was some buyer placing a market order and getting taken advantage of by the MM's.

    Let that be a lesson for all of us. And, this can happen on a downward move with some seller getting taken advantage of.

    These larger moves usually take place in the after hours when the market is not so 'liquid' with many fewer bids/asks. Still, I have seen a few penny change during the day if the MM's find a way to pick off your market order. Always use limit orders........and have a reputable broker. AmeriTrade will actually return lots of trades to me below my limit telling me they are not screwing me even when there is a difference between the bid/ask and my limit order.

  • Reply to

    Short Update; mid-May 2016

    by haschultz1 May 24, 2016 5:48 PM
    haschultz1 haschultz1 May 24, 2016 11:04 PM Flag

    Hey norm,

    Where are you getting your data?

    The below is from Shortstockvolume site with 5/12 being the day of the morning HIMX EPS/CC. Note how the Yahoo daily total volume (similar to NASDAQ volume) is always higher than the short sites indicate. So, what becomes of those uncounted shares? Are there proportional more shorts or????.

    Here is shortstockvolume daily report and not difference in total volumes:

    Date: Short Vol. Total Vol. %Short. Actual Total Vol
    05/16/2016 1,220,671 1,961,252 62.24%. 4,201,800
    05/13/2016 1,128,681 2,120,935 53.22%. 4,542,300
    05/12/2016 3,919,488 7,474,097 52.44%. 15,729,300
    05/11/2016 1,160,147 1,892,671 61.30%. 5,158,200

    Note how just the 3 day short total (5/10 thru 5/13) is over 6.2 million....on lower actual total daily volume......and is much higher than the NASDAQ change in shorts in the whole first half of May which was 1.95 million or less than 50% of the reported shorts for the 13th alone.

    So, if we are to believe the daily short totals........and the NASDAQ twice monthly short report, there must be a lot of 'churn' or turnover in the shorts (by the difference between the total of the daily shorts and the difference between NASDAQ reporting periods). Are there really this much covering and new shorting each half month?

    For today, the comparison is:

    Date: Short Vol. Total Vol. %Short. Actual Total Vol
    05/242016 559,293. 1,589,062 35.20%. 4,732,300

    So, where do you I get your data? Do you understand what it means? I think Jose quotes the Shortstockvolume site.......or some site which uses the same data.

  • Reply to

    Rising rates coming

    by foogie88 May 23, 2016 5:08 PM
    haschultz1 haschultz1 May 24, 2016 7:43 PM Flag

    Actually the chart of GNW is setting up nicely for a 'Golden Cross' perhaps in July.

  • haschultz1 by haschultz1 May 24, 2016 7:28 PM Flag

    Both the mid-day high at $20.12 and the closing high of $19.98.

    And, we have various catalysts to take us higher including:

    1. Shorts of 3.9 million (as of end of April 2016) are going to have to cover

    2. Revenue & EPS from $21 million MIcrosemi & $80 million Boradcom asset acquisitions being added to Analyst Estimates (which they are not yet and these will both be closed around 1-July 2016 and contribute in 2H 2016 and full benefits of cost savings and sales in 2017......with additional sales from integration with MXL products in 2017 and beyond.

    3. Various investor conferences as mentioned in the Conference Call of:
    = Deutsche Bank 9th Annual Semiconductor Conference on May 19 in San Francisco
    = B. Riley 17th Annual Investment Conference on May 25 in Los Angeles
    = Benchmark Company One-on-One Conference on June 2 in Milwaukee
    = Stifel 2016 Technology, Internet and Media Conference June 7 in San Francisco
    = William Blair's 36th Annual Growth Stock Conference on June 16 in Chicago

    I would recommend all read the Q&A's from the recent Conference Call (available at SEeking Alpha) to fully appreciate these asset purchases and recognize that there is currently no guidance from MXL and no inclusion of these from the Analysts......but we should start to get some guidance and insight at MXL's 2Q 2016 conference call this August.

  • Seems another ~632,000 shares were shorted during the first half of May 2016.

    What are these people thinking? What is their price target on KOPN?

    I like seeing the upward bias of late.......but wonder why the very high volumes are not causing more upward price movement. Who is selling here.......and it would seem to be coming from those selling at a loss as most are in much higher than $2.

    What do y'all make of the increasing shorts (2.1 million more than mid-Jan 2016) and the higher volume trading of late (with no gains today)?

    Date. Short Volume
    5/13/2016 3,748,841
    4/29/2016 3,114,919
    4/15/2016 2,779,545
    3/31/2016 2,411,147
    3/15/2016 2,120,672
    2/29/2016 1,948,024
    2/12/2016 1,872,029
    1/29/2016 1,597,288
    1/15/2016 1,685,344

HIMX
8.89-0.46(-4.92%)Jun 24 4:00 PMEDT