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

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

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August 25, 2011

OMNIVISION (OVTI) LOWER ON SONY (SNE) RUMOR

Omnivision (OVTI) is falling out of bed.  Omnivision has traditionally supplied all cameras to Apple (AAPL).  President of Sony (SNE) hinted in an interview that Sony is working on supplying cameras to Apple.  This interview accounts for today’s drop.  Prior to the earnings the stock had also dropped on the

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April 4, 2011

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