Saturday, June 17, 2006

Analyst's Comments on Omnivision

Omnivision announced its fourth quarter earnings and future projections on June 15.
Here are some analysts comments on them:

Kiplinger Forecasts: Baird analyst Tristan Gerra: "Reading beyond the reported numbers, Omnivision's April-quarter performance suggests further market-share loss in mobile phones, significant inventory accumulation of sensors in China, and no meaningful second-half momentum expected for 1.3 megapixel sensors, removing hopes of a significant mix improvement."
Gerra also noted that "heavy insider selling continues and is in contrast with the positive outlook management is casting for the second half."

MarketWatch: Digging deeper into the fourth-quarter numbers, Piper Jaffray said VGA products represented more than 50% of OmniVision's product mix, driving a 16.7% sequential decline in average selling prices to $2.72 for the quarter.
"We expect increased competitive pressure to erode the margin benefit from 2-megapixel products fairly rapidly toward the end of the year," said Piper.

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