Pixelworks PXLW - gute Neuigkeiten
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| Eröffnet am: | 08.05.01 10:51 | von: Dr.UdoBroem. | Anzahl Beiträge: | 8 |
| Neuester Beitrag: | 04.06.01 19:45 | von: Stox Dude | Leser gesamt: | 3.937 |
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Monday, Apr. 23, 2001 13:54 PDT
By Jim Woods, AmericaInvest.com
Demand for semiconductor and related equipment has waned in recent months,
chiefly due to the slowing economy and its handmaiden, a downturn in IT spending.
One look at just about any semiconductor-related stock chart will tell you it hasn’t
been a very good year for stocks in the group.
But not every semiconductor firm has fallen on hard times. One small-cap chip issue
that has been bucking the group’s downtrend is Pixelworks, Inc. (PXLW).
Pixelworks provides integrated display processors for applications such as flat panel
displays and display projectors. “Flat panel displays are expected to be one of the
fastest growing markets over the next several years as they offer significant
advantages over conventional CRT [cathode-ray tube] monitors,” wrote SG Cowen
Securities analyst Mark Grossman in a note to his clients.
The company boasts an impressive roster of customers that includes some of the
world’s top PC monitor companies and television manufacturers, including Dell
Computer (DELL), Compaq (CPQ) and Sony (SNE).
On Tuesday, April 17, Pixelworks posted first-quarter revenue of $21.3 million, with
net income of $3 million, or 7 cents a share. In the same period last year, it had $7.1
million in revenue and a net loss of $600,000, or 8 cents a share. Consensus Street
estimates had pegged the company to earn only 4 cents a share in the quarter.
In a statement released along with
the better-than-expected earnings
results, the company said it
anticipates revenue for the second
quarter of about $22.5 million.
Provided nothing-material changes,
the company said it sees sequential
revenue growth of 11% to 13% for
the third and fourth quarters.
Pixelworks did say however, that
given the high level of economic uncertainty, accurately estimating revenue beyond
the second quarter would be very difficult.
Traders seemed to really like the numbers, as well as the tone of Pixelworks
statement, as the shares surged nearly 50% following the earnings release. “While
the vast majority of chipmakers have pre-announced and lowered guidance multiple
times during the past two quarters, Pixelworks is one of the few firms that not only
hasn't pre-announced but has actually exceeded expectations and reported double
digit growth in Q1,” wrote Grossman.
In addition to the robust demand for the company’s flat panel processors, Pixelworks
could have another big revenue generator looming on the horizon. Last week, the
company said it made a deal with Toshiba subsidiary ArTile to license its TX79
processor for use in the upcoming "Jolt" Internet appliance chip which integrates
Pixelworks' display controller technology with a web browser.
The TX79 is already being successfully used in the highly publicized Emotion Engine
product that is incorporated into Sony’s PlayStation 2 gaming console. If the Internet
appliances market begins to grow as some think it can, it could mean more good
earnings news for Pixelworks.
“Pixelworks dominates the IC market for multimedia projectors and high-end flat
panel displays, and with a variety of new products, we anticipate it will increasingly
penetrate the lower end of the flat panel display market,” wrote Grossman, who
recently reiterated his “Strong Buy” rating on the shares.
I know many people are still justifiably cautious about taking positions in anything
tech related, especially after the past 12 months of carnage in the semiconductor
group.
But when a company specializes in a unique segment of a high-demand market, it’s
definitely worthy of further consideration.
Euer Hans-Udo
Press Release
Samsung and Pixelworks Unveil Revolutionary New
Generation of Smart LCD TFT-LCD Displays
Smart LCD(TM)s integrate all electronics into display module. Smart
LCD(TM)s offer faster time to market for display manufacturers. Smart
LCD(TM)s will deliver a compelling price-performance edge.
SAN JOSE, Calif.--(BUSINESS WIRE)--June 4, 2001-- Samsung, the world's number
one TFT-LCD display manufacturer, and Pixelworks (Nasdaq:PXLW - news) debuted
today revolutionary new Smart LCD(TM) modules which integrate all of the display system
electronics directly into Samsung WiseView(TM) TFT-LCD modules.
The powerful combination of a Pixelworks ImageProcessor IC and software and Samsung's
WiseView(TM) TFT-LCD panel, with RSDS (Reduced Swing Differential Signal)
technology, will bring more affordable, high-performance flat-panel desktop monitors and
displays to worldwide markets faster by eliminating costly and time-consuming development
stages. This technology is being introduced to market in the Samsung LTM150XI 15-inch,
XGA-resolution and LTM170EI 17-inch, SXGA-resolution Smart LCD(TM) displays,
which are scheduled for availability in July 2001.
Samsung's Smart LCD(TM)s powered by Pixelworks ImageProcessor ICs promise to
lower barriers to entry by delivering all of the critical interface components of a flat panel
desktop monitor to manufacturers. Smart LCD(TM) reduces development costs by
eliminating a printed circuit board, cabling, and selected ICs. Normally a monitor
manufacturer must select and integrate an LCD module, display controller and other
supporting components. With Smart LCD(TM), these components have already been
integrated into a working display system. The manufacturer can then simply use Pixelworks'
Windows®-based software development tools to enable features unique to that monitor and
application.
Using the Smart LCD(TM) also cuts development time by delivering pre-tested, regulatory
approved hardware and software to manufacturers. Additionally, the Smart LCD(TM) uses
RSDS technology to significantly reduce EMI emissions by cutting signal voltage, internal to
the LCD, from 3.3 volts TTL to 0.2 volts differential (peak to peak).
``Smart LCD(TM) brings together the leading companies in image processing and TFT-LCD
to deliver a whole new level of integration and value for customers,'' said Dieter Mackowiak,
senior vice president of sales and marketing for Samsung Semiconductor, Inc. ``Pixelworks technology makes Samsung Smart
LCD(TM)s dramatically easier to integrate into display systems.''
``Our strategic alliance with Samsung to bring Smart LCD(TM) to market is driving a paradigm shift in the flat panel display
market,'' said Allen Alley, CEO, President and Chairman of Pixelworks. ``Samsung Smart LCD(TM)s powered by Pixelworks
ImageProcessor ICs will deliver a compelling price-performance edge and a faster time to market.''
Samsung Semiconductor, Inc., is exhibiting at booth number 1202 and Pixelworks, Inc. is exhibiting at booth number 508 at
the Society for Information Displays (SID) Symposium at the San Jose Convention Center in San Jose, June 3-8, 2001.
Gruß Hans-Udo
@flexo Hört sich doch gut an - Heute bin ich denn auch mal mit ner kleinen Position dabei :-)
Gruß Hans-Udo
Gruß Hans-Udo
PS EMC hat mein Abstauberlimit leider nicht ganz erreicht - ich warte noch etwas ab...