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.
According to recent Entertainment Software Association reports on U.S. practices:
• 155 million Americans regularly play video games
• 63% of American households are home to at least one person who plays video games three or more hours a week
• 48% of the most frequent gamers play social games
Not only does the gaming trend cross ages and genders, it is global in nature. The cross-platform measurement company comScore reports that daily online gaming outside of America is even greater, with Asia Pacific leading the pack, followed by Europe. As much as 70% of the online population in Turkey play games.
Technology is evolving to support a gamers’ paradise, too. ASUS just launched its ZenFone 3 Ultra, an HDTV smartphone using new technology by Pixelworks. This technology enables gamers to play high definition video games on their mobile devices. This, and evolving technologies like virtual reality and Microsoft’s holoportation, will serve as gaming accelerators for an industry already traveling at lightning speeds.
That obviously doesn't mean anything for Pixelworks at this point. However, if Apple is serious about diversifying their suppliers and they ever do go with IRIS for the iPhones video processing needs...LOOKOUT!
"AT&T will sell an estimated 22 million iPhones this year and 23 million in 2017, according to Walt Piecyk, an analyst at BTIG LLC. Verizon, which has a slightly smaller iPhone user base, will sell an estimated 21 million iPhones in 2016 and 22 million next year, Piecyk estimates. Apple sold more than 231 million units globally in fiscal 2015. The next version, due for release this fall, is expected to be called iPhone 7"
Low but up in price - I'll take it. Accumulation continues. 2nd half of this years is going to be good with the company expenses dropping and bringing Pixelworks to break even and revenue ramping with the Zenfone Ultra 3 deal and the mobile carrier tablet deal. Profitability is in sight and hopefully other deals to be announced in the near future.
I can't say for sure but by the way the PR is worded i'm guessing it's probably a per unit revenue model since Asus is using the actual Pixelworks IRIS chip.
Pixelworks, Inc. (PXLW), an innovative provider of video display processing technology, today announced that ASUS, a leading enterprise in the new digital era, is launching the world’s first smartphone using the Pixelworks Iris video display processor with True Clarity® video enhancement features. Incorporating the Iris processor in the 6.8” phone, dubbed the ZenFone 3 Ultra, will establish a new standard for HDTV quality mobile video, and in the process provide a more enjoyable user experience.
“We’re very pleased to be the first to offer a smartphone with Pixelworks’ Iris video enhancement processor,” said Rangoon Chang, ASUS General Manager, Mobile Computing Business Unit. “Mobile video is extremely important to our customers and every indication suggests this trend will only accelerate. Being able to watch true HD quality video on this larger screen ZenFone 3 Ultra will be a real pleasure, and consumers will be treated to a dramatically different viewing experience.”
The average is currently at $2.01 and dropping so they won't be able to keep the stock price below it much longer. After the stock price finishes over the 50 DMA technical traders will start to jump in. Price will start rising, more good news will come - it's all good and will be very good by the end of the year.
Take whatever you can get. Tablets won't have near the volume that smartphones will but they'll add to the bottom line none-the-less.
Totally agree! The valuation will start to rise, and should, as investors start to realize financially what the ASUS smartphone adds to the bottom line. In addition, the U.S. wireless carriers tablet with IRIS will roll out soon and also contribute. Debris said he on the last CC that he had met with 20 prospective Chinese customers during the prior months. ASUS has started the ball rolling for Pixelworks with their IRIS usage and other OEM's will soon start to follow. This has the possibility to be a very good investment over the next few years!
if not for the crummy market the last two days. It will get taken out soon even with the concerted effort to keep the stock below it. IMO, accumulation will take place the next couple weeks and then an upgrade from Dougherty, Roth or Craig Hallum.