The Arora Report

OMNIVISION TECHNOLOGY (OVTI) SLUMPS: AAPLE (AAPL) SONY (SNE) EFFECT

August 25, 2011

Omnivision (OVTI) reported earnings better than expected, but projections were a disaster. Omnivision sees Q2 EPS 52c-64c vs. consensus 82c
Omnivision sees Q2 revenue $255M-$275M vs. consensus $306.37M .

There is speculation that lower projections are the result of losing some Apple (AAPL) camera business to Sony (SNE).

In any case, this dip is a buying opportunity. We bought a 5% tranche at $17.07 in the after market.

We will be closely following this OTVI position in real-time on the Real Time Feed of the ZYX Buy Change Alert

zyx change method http://thearorareport.com/sub Updates are available on this position in real-time on the Real Time Feed of the ZYX Short Sell Change Alert. http://www.google.com/finance?q=slgn Updates are available on this position.

AAPL, OTVI, SNE

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