Is OmniVision a buy?
Omnivision was down today on poor earnings. Does a cheaper price tag make it a smart investment?
The numbers came in above analyst expectations, but according to Tech and Telecom Bureau Chief Evan Niu, the real kicker was the lowered expectations. Part of the reason for the lower expectations is the slower smartphone market, as 60% of Omnivision’s sales come from the mobile phone market.
Between slower sales and heavy competition from Sony and Samsung, Evan thinks that Omnivision will have a lot of trouble going forward, and doesn’t think it’s a good investment right now.
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