This post on Silicon Image (SIMG) is reproduced ffrom a recent entry in ZYX Buy Change Alert Real Time Feed.
We are long Silicon Image with an average price of $2.55. We are holding 50% of the full core position size in Silicon Image. We have previously taken profits with an average price of $8.30.
Silicon Image is a leader in MHL.
MHL is a high-definition audio and video interface that can stream 1080p digital video and up to 8 channel digital audio, transforming the newest mobile devices into portable media powerhouses, while providing power back to the mobile device for optimum consumer convenience when plugged in.
With MHL transmitters from Silicon Image, the mobile device can do more than just stream audio and video to the television. The user can browse through multimedia content on the mobile device using the HDTV remote, including browsing through pictures, listening to music, running applications, or streaming online content from sites like YouTube over a 3G or 4G network.
For legacy televisions, Silicon Image has developed MHL-to-HDMI ® bridge chip to connect MHL-enabled devices to the television using an existing connection.
Silicon Image posted better than expected earnings last night.
Those in the stock may continue to hold.
Those not in the stock may wait for a pullback.
