OmniVision Technologies(OVTI) - 500 Beiträge pro Seite
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Profile:OmniVision Technologies, Inc. designs, develops and markets high performance, high quality and cost efficient semiconductor imaging devices for computing, communications, industrial, automotive and consumer electronics applications. The Company`s main product, an image sensing device called a CameraChip, is used to capture an image in cameras and camera related products in high-volume imaging applications such as personal computer cameras, digital still cameras, security and surveillance cameras, personal digital assistant cameras and mobile phone cameras and cameras for automobiles and toys for both still picture and live video applications.
http://www.ovt.com
http://www.ovt.com
Venture capitalist criticizes SME fund as handout
2002-09-13 / Taiwan News, Staff Reporter / By Marie Feliciano
Venture capitalist Ben C.B. Chang, president of Hotung International Co. Ltd., explains why he remains upbeat on Taiwan`s IT sector.(Henry Tan, Taiwan News)
The government should get its act together and focus on creating a business environment that would stimulate innovation and entrepreneurship, a venture capitalist managing a NT$16.43 billion-fund said yesterday.
Ben C.B. Chang, president of Hotung International Co. Ltd., said giving Taiwan`s dying manufacturers and sunset industries handouts was not the answer to Taiwan`s economic woes.
"Recently, the government announced it was working on a NT$100 billion-fund for Taiwan`s small- and medium-sized enterprises," Chang told the Taiwan News. "Unless the money is given to the right companies, the fund will go to waste."
Chang said the SMEs of the past decades succeeded because they had a product and a service to sell.
When the American companies shifted their production facilities to Asia, they gave their orders to the nimble original equipment manufacturers of Taiwan because they offered low-cost and just-in-time production and assembly, he said.
These OEMs are now Taiwan`s flagship companies, Chang said.
"Acer, Quanta and Hon Hai," he said, "they all started small and are now among Taiwan`s success stories."
When Taiwan lost its competitiveness in labor-intensive assembly and processing, these companies shifted gears and restructured their companies, he said. Value-added and technology-intensive production became their focus.
"Enterprises can do without government intervention. In fact, all that they need are clear-cut policies that will make it easier for them to do business - not handouts," said Chang.
The venture capitalist added that offering subsidies to companies that did not possess "critical" intellectual properties would nothing be more than a waste of resources.
"The government is already broke," he noted. "Let those companies go to China and to Asia`s low-cost manufacturing centers. This is nothing more than a phase in Taiwan`s attempt to reach a higher value-added industrial profile."
The executive also brushed aside fears that China would drive Taiwan out of business.
"Yes, 60 to 70 percent of Taiwan`s IT hardware are made in China now but many of these companies have kept their R&D hubs in Taiwan," said Chang.
Hotung International is currently investing in TSMC, Acer, Chunghwa Picture Tubes, Macronix, Mosel Vitelic, D-Link, Unipac Optoelectronics, and OmniVision Technologies among others. Sixty percent of the companies in its portfolio are Taiwan-grown.
Asked what were the qualities that Hotung was looking for in a technology start-up, Chang said the product`s potential commercial applications, market positioning, and growth prospects topped his list.
"Right now, the hottest sectors that we are looking at are wireless communication and IC design," he said.
The life sciences sector was also on his shopping list, Chang said. These would include biomedical products such as anti-cancer drugs, bio-informatics, and gene therapies.
2002-09-13 / Taiwan News, Staff Reporter / By Marie Feliciano
Venture capitalist Ben C.B. Chang, president of Hotung International Co. Ltd., explains why he remains upbeat on Taiwan`s IT sector.(Henry Tan, Taiwan News)
The government should get its act together and focus on creating a business environment that would stimulate innovation and entrepreneurship, a venture capitalist managing a NT$16.43 billion-fund said yesterday.
Ben C.B. Chang, president of Hotung International Co. Ltd., said giving Taiwan`s dying manufacturers and sunset industries handouts was not the answer to Taiwan`s economic woes.
"Recently, the government announced it was working on a NT$100 billion-fund for Taiwan`s small- and medium-sized enterprises," Chang told the Taiwan News. "Unless the money is given to the right companies, the fund will go to waste."
Chang said the SMEs of the past decades succeeded because they had a product and a service to sell.
When the American companies shifted their production facilities to Asia, they gave their orders to the nimble original equipment manufacturers of Taiwan because they offered low-cost and just-in-time production and assembly, he said.
These OEMs are now Taiwan`s flagship companies, Chang said.
"Acer, Quanta and Hon Hai," he said, "they all started small and are now among Taiwan`s success stories."
When Taiwan lost its competitiveness in labor-intensive assembly and processing, these companies shifted gears and restructured their companies, he said. Value-added and technology-intensive production became their focus.
"Enterprises can do without government intervention. In fact, all that they need are clear-cut policies that will make it easier for them to do business - not handouts," said Chang.
The venture capitalist added that offering subsidies to companies that did not possess "critical" intellectual properties would nothing be more than a waste of resources.
"The government is already broke," he noted. "Let those companies go to China and to Asia`s low-cost manufacturing centers. This is nothing more than a phase in Taiwan`s attempt to reach a higher value-added industrial profile."
The executive also brushed aside fears that China would drive Taiwan out of business.
"Yes, 60 to 70 percent of Taiwan`s IT hardware are made in China now but many of these companies have kept their R&D hubs in Taiwan," said Chang.
Hotung International is currently investing in TSMC, Acer, Chunghwa Picture Tubes, Macronix, Mosel Vitelic, D-Link, Unipac Optoelectronics, and OmniVision Technologies among others. Sixty percent of the companies in its portfolio are Taiwan-grown.
Asked what were the qualities that Hotung was looking for in a technology start-up, Chang said the product`s potential commercial applications, market positioning, and growth prospects topped his list.
"Right now, the hottest sectors that we are looking at are wireless communication and IC design," he said.
The life sciences sector was also on his shopping list, Chang said. These would include biomedical products such as anti-cancer drugs, bio-informatics, and gene therapies.
Adams Harkness Coverage Reiterated at Buy
Adams, Harkness sees opportunity in OmniVision (OVTI)
By Michael Baron
Adams, Harkness & Hill is out with a research note reiterating its "buy" rating on shares of the Sunnyvale, Calif., maker of chip imaging devices, saying that the recent pullback represents a buying opportunity. The firm cited its belief that OmniVision is experiencing `considerable` traction in the digital still camera market, and that the company is seeing increased momentum in its digital cell phone product segment, as positives for the stock.
09-17-2002 DA Davidson Coverage Initiated at Buy
06-12-2002 Needham & Co Coverage Reiterated at Buy
06-12-2002 Prudential Coverage Reiterated at Buy
Earnings growth 253%
PE = 22
Consensus Target Price = $17.00
Adams, Harkness sees opportunity in OmniVision (OVTI)
By Michael Baron
Adams, Harkness & Hill is out with a research note reiterating its "buy" rating on shares of the Sunnyvale, Calif., maker of chip imaging devices, saying that the recent pullback represents a buying opportunity. The firm cited its belief that OmniVision is experiencing `considerable` traction in the digital still camera market, and that the company is seeing increased momentum in its digital cell phone product segment, as positives for the stock.
09-17-2002 DA Davidson Coverage Initiated at Buy
06-12-2002 Needham & Co Coverage Reiterated at Buy
06-12-2002 Prudential Coverage Reiterated at Buy
Earnings growth 253%
PE = 22
Consensus Target Price = $17.00
OmniVision Technologies: Automobiles to be the latest application for CMOS sensors
Katherine Chiu, Taipei; Chou Hua-hsin, DigiTimes.com [Tuesday 1 October 2002]
Automobiles are soon to become the next major application after cameras for CMOS image sensors, according to OmniVision Technologies.
With rapidly evolving computer and imaging technology, a new class of CMOS sensor applications has emerged to increase safety and comfort in driving, beyond the traditional areas of digital cameras and mobiles phones, said Paul Hsu, the company’s engineering manager.
For the Sunnyvale, California-based chip designer, it is also one promising spot upon which to expand share for its CMOS sensor chip business.
The company started 0.25-micron process volume production of 1.3-megapixel CMOS sensors in March, using Taiwan Semiconductor Manufacturing Company (TSMC) and Powerchip Semiconductor Corporation (PSC) as contract manufacturers. The sensors are sold in conjunction with Sunplus Technology’s digital signal processors (DSPs).
As the popularity of digital devices with built-in cameras is building, so is the pricing pressure facing chip designers. After Motorola launched the world’s first 1.3-megapixel CMOS sensor in late 2001, per-unit prices have fallen to US$8-9 from US$13.
To firm up margins, the company is moving into high-end, high-resolution products such as the 2.1-megapixel CMOS sensors that began volume production this month. It expects customers to start designing in its three-megapixel products early next year.
Looking ahead, Hsu said he is confident to see CMOS sensor production value worldwide grow sequentially until 2006 on vehicle-related applications.
Already, some new car models in the US last year started coming equipped with CMOS sensors in their rear-view mirrors to enable a wide-angle rear view.
Demand for “smart” functions using CMOS sensors and other integrated circuit components to detect changes in surroundings, handle sensor information and even perform driver-assisting tasks will also continue to grow strongly, Hsu added.
Katherine Chiu, Taipei; Chou Hua-hsin, DigiTimes.com [Tuesday 1 October 2002]
Automobiles are soon to become the next major application after cameras for CMOS image sensors, according to OmniVision Technologies.
With rapidly evolving computer and imaging technology, a new class of CMOS sensor applications has emerged to increase safety and comfort in driving, beyond the traditional areas of digital cameras and mobiles phones, said Paul Hsu, the company’s engineering manager.
For the Sunnyvale, California-based chip designer, it is also one promising spot upon which to expand share for its CMOS sensor chip business.
The company started 0.25-micron process volume production of 1.3-megapixel CMOS sensors in March, using Taiwan Semiconductor Manufacturing Company (TSMC) and Powerchip Semiconductor Corporation (PSC) as contract manufacturers. The sensors are sold in conjunction with Sunplus Technology’s digital signal processors (DSPs).
As the popularity of digital devices with built-in cameras is building, so is the pricing pressure facing chip designers. After Motorola launched the world’s first 1.3-megapixel CMOS sensor in late 2001, per-unit prices have fallen to US$8-9 from US$13.
To firm up margins, the company is moving into high-end, high-resolution products such as the 2.1-megapixel CMOS sensors that began volume production this month. It expects customers to start designing in its three-megapixel products early next year.
Looking ahead, Hsu said he is confident to see CMOS sensor production value worldwide grow sequentially until 2006 on vehicle-related applications.
Already, some new car models in the US last year started coming equipped with CMOS sensors in their rear-view mirrors to enable a wide-angle rear view.
Demand for “smart” functions using CMOS sensors and other integrated circuit components to detect changes in surroundings, handle sensor information and even perform driver-assisting tasks will also continue to grow strongly, Hsu added.
Chips With Muscle Set Off a Market Tug of War
By WILLIAM J. HOLSTEIN
n the early 1990`s, Sabrina Kemeny was among the researchers at NASA`s Jet Propulsion Laboratory in Southern California who made spacecraft smaller and cheaper. The key was discovering how to build an optical sensor on a single semiconductor, allowing for smaller components that consumed less power.
Advertisement
"That was the breakthrough," Ms. Kemeny recalled. "It was a dislocating kind of technology."
Ms. Kemeny and a handful of colleagues were so excited about the photographic applications of this semiconductor that in 1995, over a kitchen table, they created a company to design it for other companies. But their start-up, called Photobit, lacked the size and capital to go ahead and make this "camera on a chip," a type known in the semiconductor industry as a CMOS (pronounced SEE-moss), which stands for complementary metal oxide semiconductor.
The destiny of Photobit changed nine months ago, when Micron Technology, the large semiconductor maker based in Boise, Idaho, bought the company and renamed it Micron Imaging. Ms. Kemeny is director for technical marketing there.
That decade-long journey from the laboratory is part of a new race in the chip industry, where growth in demand has been disappointingly slow for nearly everything. A notable exception is the photographic applications of CMOS. These chips are responsible for products that are just beginning to reach consumers — including cameras within cellphones, cameras in tiny capsules that can pass through the body to diagnose disease and tiny cameras mounted on personal computers. The chips have many other uses in security systems and industry.
Unlike the technology bubble of the late 1990`s, a time when fanciful dot-coms without real products raced to overpriced initial public offerings, the race to dominate the market for cameras on chips is an old-fashioned kind of technology battle: Real companies are vying to invent real products that touch millions of consumers.
The older technology that CMOS is beginning to displace is called the charge-coupled device, or C.C.D., invented at Bell Labs in the late 1960`s and first used in products like fax machines.
The C.C.D. uses passive sensors, or tiny eyes, that detect light. An outside source of power is required to get the image from the devices, and other circuitry is needed, too. That makes them relatively big and expensive. CMOS chips, by contrast, consist of active sensors that have tiny transistors as power sources. Because of the way CMOS chips are made, sensors and many other processing functions can be placed on one chip.
CMOS technology greatly reduces the amount of power used, allowing batteries to last longer in hand-held devices, but it also provides photographic image quality almost as good as that of charge-coupled devices.
N-STAT/MDR, a Scottsdale, Ariz., unit of the Reed Elsevier Group, a publishing and industry research company, says the number of CMOS chips made each year will triple from current levels by 2006. But In-Stat/MDR said sales, which totaled $1.2 billion last year, were expected to rise only to $1.6 billion in 2006 because the price of each chip would decline as production accelerated.
Micron and others define the market more broadly, putting its potential at $4 billion in annual sales. Whichever figures are correct, it`s clear that solid growth is occurring in one area of the otherwise depressed semiconductor industry.
Micron, a relatively late entry to the field, has tried to leapfrog toward the front with the technology expertise gained from buying Photobit. Three other major American companies are also in the battle. Agilent Technologies, a Palo Alto, Calif., spinoff of Hewlett-Packard, learned from the published research on CMOS done at the Jet Propulsion Laboratory in the 90`s. Its biggest customer is Logitech International, of Fremont, Calif., which makes PC cameras for Dell Computer and others.
The two other companies, Eastman Kodak and Motorola, started a technology alliance in 1997 that makes and sells CMOS chips. The Kodak-Motorola unit sells chips primarily for industrial uses like machine vision, but also for some Kodak digital still cameras.
Two Japanese competitors, Toshiba and Sharp, which have developed their own CMOS manufacturing processes, are generally believed to have a significant advantage. If there is a top potential application for the chips, it could be teenagers` swapping of pictures on their cellphones — already a pastime in Japan. Because Japan has more advanced network systems for its cellphones, service providers like J-Phone can offer camera-equipped cellphones from different Japanese manufacturers.
On long subway and train rides, teenagers while away the time by snapping pictures of their companions and transmitting them to other friends on their phones. "The target market is a 15-year-old Japanese girl with pink hair and a cellphone," said Shawn Maloney, director of marketing for Micron Imaging. "The whole world is watching Japan."
The fact that Japan`s chip makers sell to handset manufacturers who, in turn, sell to service providers could give them an important edge, particularly if the market takes off as expected. "Right now, the leaders for CMOS telephones are in Japan," said Brian O`Rourke, a senior analyst at In-Stat/MDR. "Toshiba is probably the leader."
South Korea is also ahead of the United States in cellphone sophistication, and a Korean company, Samsung Electronics, is a major CMOS competitor. In late September, Samsung formed a CMOS manufacturing alliance with Mitsubishi Electric of Japan.
In the United States, a moment of truth may be at hand for CMOS. Several wireless service providers like Sprint PCS and Cingular Wireless offer small cameras that can be attached to cellphones to take pictures and transmit them. But Sprint PCS is expected to start marketing a Samsung mobile device with an embedded camera in time for the Christmas season.
Nokia of Finland is pushing its camera-equipped cellphone, and an alliance of Sony of Japan and Ericsson of Sweden known as Sony Ericsson Mobile Communications says its camera phone will hit the United States market in the fourth quarter.
UNDERLYING cellphone networks are still slower in the United States than elsewhere, but consumers can still capture single still images in color and transmit them. All these new devices use CMOS.
"We have a lot of hopes for this product," said Jason Hartlove, vice president and general manager of Agilent`s sensor solutions division. Manufacturers are shipping nearly 400 million cellphones worldwide each year, and Mr. Hartlove expressed hope that a growing number would include CMOS-based cameras at an additional cost of about $5 each.
Aside from finding uses for CMOS, the manufacturers are also trying to make the chips more efficiently. That is where Micron hopes to excel. It is the only American maker of dynamic random access memory, or DRAM, chips, a basic in consumer electronics. Micron survived a battle with the Japanese in the 1980`s, only to watch as Samsung Electronics became No. 1 in the world in DRAM chips.
Micron had sales of $2.6 billion in the fiscal year ended Aug. 29, down from $3.9 billion the previous year. It had a net loss of more than $900 million for the year just ended, largely because of falling prices, but the company has $1 billion in cash and is expected to emerge from the current downturn in relatively strong shape because it has kept a strict grip on costs.
DRAM chips are often dismissed as a commodity, but they are a building block of countless electronics devices, including personal computers, personal organizers, set-top boxes, cellphones and game consoles. They are made in a process similar to that used for CMOS. "Our goal is to leverage our advanced CMOS technology and existing infrastructure to establishing a leading position in the expanding imaging markets," said Steven R. Appleton, the chief executive of Micron.
The company is also betting that marrying its mass manufacturing capability with the best CMOS designs from the technology`s inventors will raise the quality of images captured on the chips.
Skeptics said "we could never get to the next level of resolution," said Mr. Maloney of Micron. "But we`re working our way up the resolution ladder."
Things could still go wrong. Manufacturers could charge too much for their camera phones — Nokia`s camera phone, the 7650, is selling for a steep $500 after rebates in Europe. It is also not clear yet whether consumers in the United States will want to snap pictures and send them directly to other mobile devices or to store them first on the Internet.
But after a brutal couple of years in the chip industry, CMOS makers are allowing themselves a measure of hope. Even Kodak, the largest maker of charge-coupled devices in the United States, acknowledges that CMOS chips are improving in quality. Christopher McNiffe, the sales and marketing manager for Kodak`s image sensor solutions division, said that "over time, they will clearly become the dominant technology."
By WILLIAM J. HOLSTEIN
n the early 1990`s, Sabrina Kemeny was among the researchers at NASA`s Jet Propulsion Laboratory in Southern California who made spacecraft smaller and cheaper. The key was discovering how to build an optical sensor on a single semiconductor, allowing for smaller components that consumed less power.
Advertisement
"That was the breakthrough," Ms. Kemeny recalled. "It was a dislocating kind of technology."
Ms. Kemeny and a handful of colleagues were so excited about the photographic applications of this semiconductor that in 1995, over a kitchen table, they created a company to design it for other companies. But their start-up, called Photobit, lacked the size and capital to go ahead and make this "camera on a chip," a type known in the semiconductor industry as a CMOS (pronounced SEE-moss), which stands for complementary metal oxide semiconductor.
The destiny of Photobit changed nine months ago, when Micron Technology, the large semiconductor maker based in Boise, Idaho, bought the company and renamed it Micron Imaging. Ms. Kemeny is director for technical marketing there.
That decade-long journey from the laboratory is part of a new race in the chip industry, where growth in demand has been disappointingly slow for nearly everything. A notable exception is the photographic applications of CMOS. These chips are responsible for products that are just beginning to reach consumers — including cameras within cellphones, cameras in tiny capsules that can pass through the body to diagnose disease and tiny cameras mounted on personal computers. The chips have many other uses in security systems and industry.
Unlike the technology bubble of the late 1990`s, a time when fanciful dot-coms without real products raced to overpriced initial public offerings, the race to dominate the market for cameras on chips is an old-fashioned kind of technology battle: Real companies are vying to invent real products that touch millions of consumers.
The older technology that CMOS is beginning to displace is called the charge-coupled device, or C.C.D., invented at Bell Labs in the late 1960`s and first used in products like fax machines.
The C.C.D. uses passive sensors, or tiny eyes, that detect light. An outside source of power is required to get the image from the devices, and other circuitry is needed, too. That makes them relatively big and expensive. CMOS chips, by contrast, consist of active sensors that have tiny transistors as power sources. Because of the way CMOS chips are made, sensors and many other processing functions can be placed on one chip.
CMOS technology greatly reduces the amount of power used, allowing batteries to last longer in hand-held devices, but it also provides photographic image quality almost as good as that of charge-coupled devices.
N-STAT/MDR, a Scottsdale, Ariz., unit of the Reed Elsevier Group, a publishing and industry research company, says the number of CMOS chips made each year will triple from current levels by 2006. But In-Stat/MDR said sales, which totaled $1.2 billion last year, were expected to rise only to $1.6 billion in 2006 because the price of each chip would decline as production accelerated.
Micron and others define the market more broadly, putting its potential at $4 billion in annual sales. Whichever figures are correct, it`s clear that solid growth is occurring in one area of the otherwise depressed semiconductor industry.
Micron, a relatively late entry to the field, has tried to leapfrog toward the front with the technology expertise gained from buying Photobit. Three other major American companies are also in the battle. Agilent Technologies, a Palo Alto, Calif., spinoff of Hewlett-Packard, learned from the published research on CMOS done at the Jet Propulsion Laboratory in the 90`s. Its biggest customer is Logitech International, of Fremont, Calif., which makes PC cameras for Dell Computer and others.
The two other companies, Eastman Kodak and Motorola, started a technology alliance in 1997 that makes and sells CMOS chips. The Kodak-Motorola unit sells chips primarily for industrial uses like machine vision, but also for some Kodak digital still cameras.
Two Japanese competitors, Toshiba and Sharp, which have developed their own CMOS manufacturing processes, are generally believed to have a significant advantage. If there is a top potential application for the chips, it could be teenagers` swapping of pictures on their cellphones — already a pastime in Japan. Because Japan has more advanced network systems for its cellphones, service providers like J-Phone can offer camera-equipped cellphones from different Japanese manufacturers.
On long subway and train rides, teenagers while away the time by snapping pictures of their companions and transmitting them to other friends on their phones. "The target market is a 15-year-old Japanese girl with pink hair and a cellphone," said Shawn Maloney, director of marketing for Micron Imaging. "The whole world is watching Japan."
The fact that Japan`s chip makers sell to handset manufacturers who, in turn, sell to service providers could give them an important edge, particularly if the market takes off as expected. "Right now, the leaders for CMOS telephones are in Japan," said Brian O`Rourke, a senior analyst at In-Stat/MDR. "Toshiba is probably the leader."
South Korea is also ahead of the United States in cellphone sophistication, and a Korean company, Samsung Electronics, is a major CMOS competitor. In late September, Samsung formed a CMOS manufacturing alliance with Mitsubishi Electric of Japan.
In the United States, a moment of truth may be at hand for CMOS. Several wireless service providers like Sprint PCS and Cingular Wireless offer small cameras that can be attached to cellphones to take pictures and transmit them. But Sprint PCS is expected to start marketing a Samsung mobile device with an embedded camera in time for the Christmas season.
Nokia of Finland is pushing its camera-equipped cellphone, and an alliance of Sony of Japan and Ericsson of Sweden known as Sony Ericsson Mobile Communications says its camera phone will hit the United States market in the fourth quarter.
UNDERLYING cellphone networks are still slower in the United States than elsewhere, but consumers can still capture single still images in color and transmit them. All these new devices use CMOS.
"We have a lot of hopes for this product," said Jason Hartlove, vice president and general manager of Agilent`s sensor solutions division. Manufacturers are shipping nearly 400 million cellphones worldwide each year, and Mr. Hartlove expressed hope that a growing number would include CMOS-based cameras at an additional cost of about $5 each.
Aside from finding uses for CMOS, the manufacturers are also trying to make the chips more efficiently. That is where Micron hopes to excel. It is the only American maker of dynamic random access memory, or DRAM, chips, a basic in consumer electronics. Micron survived a battle with the Japanese in the 1980`s, only to watch as Samsung Electronics became No. 1 in the world in DRAM chips.
Micron had sales of $2.6 billion in the fiscal year ended Aug. 29, down from $3.9 billion the previous year. It had a net loss of more than $900 million for the year just ended, largely because of falling prices, but the company has $1 billion in cash and is expected to emerge from the current downturn in relatively strong shape because it has kept a strict grip on costs.
DRAM chips are often dismissed as a commodity, but they are a building block of countless electronics devices, including personal computers, personal organizers, set-top boxes, cellphones and game consoles. They are made in a process similar to that used for CMOS. "Our goal is to leverage our advanced CMOS technology and existing infrastructure to establishing a leading position in the expanding imaging markets," said Steven R. Appleton, the chief executive of Micron.
The company is also betting that marrying its mass manufacturing capability with the best CMOS designs from the technology`s inventors will raise the quality of images captured on the chips.
Skeptics said "we could never get to the next level of resolution," said Mr. Maloney of Micron. "But we`re working our way up the resolution ladder."
Things could still go wrong. Manufacturers could charge too much for their camera phones — Nokia`s camera phone, the 7650, is selling for a steep $500 after rebates in Europe. It is also not clear yet whether consumers in the United States will want to snap pictures and send them directly to other mobile devices or to store them first on the Internet.
But after a brutal couple of years in the chip industry, CMOS makers are allowing themselves a measure of hope. Even Kodak, the largest maker of charge-coupled devices in the United States, acknowledges that CMOS chips are improving in quality. Christopher McNiffe, the sales and marketing manager for Kodak`s image sensor solutions division, said that "over time, they will clearly become the dominant technology."
Trading Spotlight
http://wearcam.org/seatsale/programs/www.beyondlogic.org/ima…
CMOS Digital Image Sensors
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Adding vision to your projects needs not be a difficult task. Whether its machine vision for robot control or the sampling and storage of images for security, CMOS images sensors can offer many advantages over traditional CCD sensors. Just some of the technical advantages of CMOS sensors are,
No Blooming
Low power consumption. Ideal for battery operated devices
Direct digital Output (Incorporates ADC and associated circuitry)
Small size and little support circuitry. Often just a crystal and some decoupling is all that is needed.
Simple to design with.
There are many manufacturers making CMOS Image Sensors. Just some of the more notable ones are Photobit, OmniVision, Agilent (formally known as HP), ST who acquired VLSI Vision and Mitsubishi.
There are two different categories of CMOS Sensors based on their output. One type will have a analog signal out encoded in a video format such as PAL, NTSC, S-Video etc which are designed for camera on a chip applications. With these devices you simply supply power and feed the output straight into you AV Equipment. Others will have a digital out, typically a 4/8 or 16 bit data bus. These `digital` sensors simplify designs, where once a traditional `analog` camera was feed into a video capture card for conversion to digital. Today, digital data can be pulled straight from the sensor.
The main components to a Digital Video Camera design are
CMOS Image Sensor. The heart of the camera. It produces a digital/analog output representing each pixel. It`s support circuitry will normally include a Crystal Oscillator and power supply decoupling. Some sensors may need a resistive bias network of some type. All of these components are normally surface mounted on the back of the PCB and occupies very little real estate.
The lens Holder. This will be either a plastic or metal mount which attaches to your PCB and allows a standard size lens to be screwed in. The screw thread facilitates focusing for fixed lens systems. The base of the lens mount may also have a IR (Infra Red) filter.
The Lens. This will determine your Field of view among other things. Lenses range from fish-eye to telescopic and need to be purchased to fit the parameters of your sensor and lens holder.
Once you have completed the above, you have yourself a imaging system which constantly spits out a pixel data stream synchronised to a pixel, frame and/or line clocks. Connecting this directly to a microcontroller/processor system will cause headaches. Trying to clock this raw data in will use up great amounts of CPU time, if your uC could do it in the first place. If you drop a pixel because an ISR is doing some thing more privileged, then you have no ability to sample that location again, and thus no method of error correction.
While the frame rate on many devices can be slowed down by using internal divisors, it still doesn`t reach an acceptable speed nor allow random access to pixels. Reducing the master clock rate of the device will effect exposure times and other time dependent settings, thus is not an option. Clearly some additional circuitry will need to be designed.
By using a CPLD/FPGA and RAM, you can program the CPLD to dump the data straight into RAM. Your micro could then read this RAM through the PLD which could be memory mapped. If you really want performance (And budget is not a problem), you could use Dual Port RAM. If however you only want to capture one frame, then the PLD could copy one frame into memory and ignore subsequent pixel data until an event such as when your device has read all the data out of RAM. Other options are to use a LVDS (Low Voltage Differential Signalling) serial bus, to relay your data over a few metres or more. At a high enough clock rate, you won`t wait all day for a frame.
The other thing you must not forget is how to control the sensor. Most of it`s internal parameters are controlled by a serial bus, typically I2C for the majority of sensors. This can either be controlled through a memory mapped Register programmed into your PLD or via an I2C port straight from your uC. All up this makes quite a cheap way to capture video. Ideal for your Embedded Linux Systems.
Photobit Corporation
--------------------------------------------------------------------------------
Photobit have many CMOS Image Sensors. CMOS APS (CMOS active pixel sensor) was first created by a team of JPL engineers lead by Dr Eric Fossum. Dr Fossum is now the Chief Scientist and Chairman of Photobit. Two of Photobit’s more common sensors are the PB-100 and PB-300. Other sizes can be sought from Photobit`s Product Matrix
PB-100
CIF Resolution - 360 x 304 Colour or Monochrome
1/5 Inch Optical Format
0-39 Frames a Second, 6 Megabyte Data Rate
Output 8 Bit Serial Digital Video, I2C Control
3.3V Supply, 30mA (100mW)
28-pin CLCC
PB-300
VGA Resolution - 640 x 487 Colour or Monochrome
1/3 Inch Optical Format
0-39 Frames a Second, 24 Megabyte Data Rate
Output 8 Bit Digital Video Data Bus, I2C Control
5V Supply, 60mA (<300mW)
44-pin CLCC
OmniVision Technologies
--------------------------------------------------------------------------------
OmniVision not only develops CMOS Image Sensors, but also support circuitry such as the OV-511 Advanced Camera to USB Bridge. OmniVision is one of the more popular manufacturers with devices such as the OV7910 NTSC/PAL Camera on a Chip being used in many small analog camera modules around the world. This would be the recommended starting point if you are starting out designing with CMOS Image Sensors.
OV6620
352 x 488 Colour(OV6620) or Monochrome(OV6120)
1/3 Inch Optical Format
0-39 Frames a Second, 24 Megabyte Data Rate
Output 8 Bit Digital Video Data Bus, I2C Control
5V Supply, 60mA (<300mW)
44-pin CLCC
OV7620
664 x 492 Colour (OV7620) or Monochrome(OV7110)
1/3 Inch Optical Format
0.5- 30 Frames per Second
Output , I2C Control
5V Supply <120mW
48-pin LCC
OmniVision and some third part vendors have evaluation modules for the OmniVision sensors. This allows you to get up to speed with the sensor, incorporating a PCB with de-coupling, a Lens and Lens Holder. The majority of the sensor`s signals are broken out to a header which you can use to interface to your own designs. The evaluation modules in small quantities are normally much easier to obtain than the sensors themselves, and are typically cheaper as a result.
A picture of the M3188 Evaluation Module with
the lens holder removed. The signals can be obtained
from the 32 pin header on the top of the module
DIY Electronics (http://www.kitsrus.com) are just one outlet which sells the third party evaluation boards.
1/3" B/W Camera VGA Module M3188 with Digital Output (OV7110 Sensor)
1/3" Colour Camera VGA Module C3188 with Digital Output (OV7610 Sensor)
1/3" Colour Camera Module NTSC/PAL Out (OV7910 Sensor)
Mitsubishi Chips
--------------------------------------------------------------------------------
Mitsubishi have broken the pack, to produce smaller resolution sensors. These sensors can typically be used for a range of applications such as finger print sensing, motor detection, gaming, tracing of moving parts etc. Just one application is the new optical mice flooding the market place. They use a low resolution Image Sensor to track movement on a wide variety of surfaces.
Also unique to these sensors is in-built image processing. Both sensors can output edge enhanced or extracted data, making them ideal for tracking on small robots, industrial control etc. The sensors can also process 2D images into 1D. The output of each pixel is by the means of a analog potential, thus this must be fed into an ADC to return digital image data.
M64285FP CMOS Image Sensor
32 x 32 Pixel Black & White, 1/6" Optical Format
5V Supply < 15mW
In Built Edge Extraction
Max 5000 frames per second
Analog Output to uC ADC
10pin SO Package
M64282FP Artificial Retina LSI
128 x 128 Pixel Black & White, 1/4" Optical Format
5V Supply < 15mW
Positive and negative image output, Edge enhancement / extraction
10 to 30 frames per second
16pin TSOP Package
ST Microelectronics Imaging Division
--------------------------------------------------------------------------------
Spectronix have used the ST Sensors in their RoboCam Series. ST also offer a couple of CoProcessors, a STV0657 Digital CoProcessor, a STV0672 USB CoProcessor and a STV0680 DSC (Digital Still Camera) CoProcessor. The DSC CoProcessor offers an RS-232 / USB Interface and on board SDRAM Storage.
VV5301/VV6301
VV5500 Monochrome / VV6500 Colour 648 x 484 VGA Sensor
10bit ADC Output RAW
3.3V-6.0V (Built In Regulator) <25mA
48 LCC Package
Agilent Technolgies
--------------------------------------------------------------------------------
HDCS-2000
VGA 640x480 Colour
10 Bit ADC
3.3V <200mW
44Pin PQFP Package
HDCS-1000/HDCS-1100
CIF 352 x 288 Colour (HDCS-1000) & Monochrome (HDCS-1100)
10 Bit ADC
3.3V <200mW
44Pin PQFP
Digital Imaging Optics
--------------------------------------------------------------------------------
Choosing a CMOS Image Sensor is the easy bit. Once you have chosen your sensor a suitable lens and lens assembly needs to be found. A PCB mount lens holder will screw to the PCB, covering up your sensor from light. The top of the holder will have a standard thread which will allow you to screw in a lens with the same thread type. The lens holder may also incorporate a Infra-Red Cut Off filter and is typically made of Black ABS Plastic or Black Anodised Diecast Aluminium.
The typical thread sizes are detailed below,
A S-mount glass lens
encased in aluminium
Mount Type Thread Distance from Back Flange to Image Sensor
C 1 – 32 (1 Inch/32 Threads Per Inch) 17.526 mm
CS 1 – 32 (1 Inch/32 Threads Per Inch) 12.5 mm
S M12x0.5 Not Specified
X M10x0.5 Not Specified
C & CS Mount Lens are typically used by the CCTV Market. Being an inch in diameter they take up quite a bit of real estate but give a better result. S and X mount lens are more typically used on the eyeball PC Cameras being only 12mm in Diameter. S Mount (M12x0.5) Lens are the more dominant standard in eyeball / small cameras sacrificing image clarity for size.
The Lens will screw into your PCB mount thus ensure it has the same thread. You will be able to purchase lenses of different focal lengths, made of either glass or plastic. Plastic are cheaper and typically of lower quality than multi element glass lenses. Lens can also come housed in plastic or aluminium. Beware of inferior quality.
There are a number of parameters associated with the lens. The Focal Length expressed in millimetres determines the field of view. A typical human perception is about 40 degrees, thus this is targeted as the normal view. They can range from telescopic at approximately 20 degrees field of view which has a high image magnification to fish-eye at approximately 110 degrees or more. The field of view can be calculated from the focal length and diameter of the sensor, but most vendors will normally specify both the field of view and focus length.
The aperture number, f Number or f / # specifies the amount of light which passes through the lens. The lower the number, the more light that will pass through the lens, thus the better performance in low light conditions. Every time the f number doubles, the light is reduced by a factor of 4. A lower f-number requires more precise adjustment of focus, where as a lens with a high f-number will be easier to focus. Eyeball cameras for PC imaging have a typical f-number of 1.8 to 2.0 where 2.0 is standard for most S-Mount Lenses. Pinhole lens, while having the ability to be concealed behind a hole have a high f-number thus are not as effective in low light environments.
The inside view of a lens holder showing the IR Filter.
B/W sensors do not require the filter.
The pixel element of a CMOS sensor is normally susceptible to a greater span of the electromagnetic spectrum than the human eye. The sensors ability will range from the deep blues to almost infra-red. To get a more accurate measure of what the human eye is seeing, an IR Cut Off filter is included with most lens mounts or lenses. Colour aliasing and blurring can be a consequence of omitting the IR Cut Filter on a colour imaging system.
As the IR cut off filter can either be part of the lens or lens assembly this will need to check on purchasing. The filter present on a lens mount looks like a bit of thick glass mounted to the bottom of the mount. This is normally made up of several layers of optical crystal with a IR Cut Crystal layer. Beware of some lens having a film on the back of the lens as these are easy to scratch.
Another example of a Lens Holder
with IR Filter.
Typical lens and lens mount vendors are
Sunex Inc
Mini & Micro Digital Imaging Lenses (PC Cam Lenses)
C/CS-Mount Lenses
CMT-002 OffSet M12x0.5 Lens Mount Black ABS
CMT-003 M12x0.5 Lens Mount Black Anodised Diecast Al.
Marshall Electronics Optical Systems Division
V-LH3A Lens Holder M12x0.5
V-LH05-2 Lens Holder M12x0.5
Miniature Lenses
International Space Optics / Rainbow
Lenses
Smart Vision Products
Lenses
PCB Mount Lens Holders & Lenses
Sources of additional information
Allthings Lens Selection Guide
Allthings - 1/3" Board Fixed Iris Lenses
Photobit Photobit`s Lens Selection Guide
Working Technologies A source of lenses and PCB lens mounts with IR filters
DIY Electronics - CMOS Video Camera Modules & Evaluation Boards
Pre-Build Modules
--------------------------------------------------------------------------------
For the faint hearted or strapped for time (but not for cash) you can get pre-build modules from Spectronix which terminates to a Ribbon Cable and can provide a RAM based memory mapped interface. Spectronix’s RoboCam I (164x124) and RoboCam II (356x292) come in both B&W and Colour Versions based on ST/Visions VV5404/VV6404/VV5300/VV6300 CMOS Images Sensors.
RoboCam RC-1
160 x 120 Pixels
Monochrome and Bayer Colour
8 or 4 bit data output, frame and pixel clock and I2C control interface
Single 2x2 Inch PCB
RoboCam RC-2
356 x 292 Pixels
Monochrome and Bayer Colour
8 or 4 bit data output, frame and pixel clock and I2C control interface
Single 2x2 Inch PCB
RamCams RCM-1/RCM-2
160 x 120 and 356 x 292 pixel versions
Monochrome or Bayer Colour
Flexible 8-bit RAM interface, 3 modes + int
Double 2x2 Inch PCB - Ribbon Cable Interface
Photo of the Spectronix RAMCAM2
CMOS Digital Image Sensors
--------------------------------------------------------------------------------
Adding vision to your projects needs not be a difficult task. Whether its machine vision for robot control or the sampling and storage of images for security, CMOS images sensors can offer many advantages over traditional CCD sensors. Just some of the technical advantages of CMOS sensors are,
No Blooming
Low power consumption. Ideal for battery operated devices
Direct digital Output (Incorporates ADC and associated circuitry)
Small size and little support circuitry. Often just a crystal and some decoupling is all that is needed.
Simple to design with.
There are many manufacturers making CMOS Image Sensors. Just some of the more notable ones are Photobit, OmniVision, Agilent (formally known as HP), ST who acquired VLSI Vision and Mitsubishi.
There are two different categories of CMOS Sensors based on their output. One type will have a analog signal out encoded in a video format such as PAL, NTSC, S-Video etc which are designed for camera on a chip applications. With these devices you simply supply power and feed the output straight into you AV Equipment. Others will have a digital out, typically a 4/8 or 16 bit data bus. These `digital` sensors simplify designs, where once a traditional `analog` camera was feed into a video capture card for conversion to digital. Today, digital data can be pulled straight from the sensor.
The main components to a Digital Video Camera design are
CMOS Image Sensor. The heart of the camera. It produces a digital/analog output representing each pixel. It`s support circuitry will normally include a Crystal Oscillator and power supply decoupling. Some sensors may need a resistive bias network of some type. All of these components are normally surface mounted on the back of the PCB and occupies very little real estate.
The lens Holder. This will be either a plastic or metal mount which attaches to your PCB and allows a standard size lens to be screwed in. The screw thread facilitates focusing for fixed lens systems. The base of the lens mount may also have a IR (Infra Red) filter.
The Lens. This will determine your Field of view among other things. Lenses range from fish-eye to telescopic and need to be purchased to fit the parameters of your sensor and lens holder.
Once you have completed the above, you have yourself a imaging system which constantly spits out a pixel data stream synchronised to a pixel, frame and/or line clocks. Connecting this directly to a microcontroller/processor system will cause headaches. Trying to clock this raw data in will use up great amounts of CPU time, if your uC could do it in the first place. If you drop a pixel because an ISR is doing some thing more privileged, then you have no ability to sample that location again, and thus no method of error correction.
While the frame rate on many devices can be slowed down by using internal divisors, it still doesn`t reach an acceptable speed nor allow random access to pixels. Reducing the master clock rate of the device will effect exposure times and other time dependent settings, thus is not an option. Clearly some additional circuitry will need to be designed.
By using a CPLD/FPGA and RAM, you can program the CPLD to dump the data straight into RAM. Your micro could then read this RAM through the PLD which could be memory mapped. If you really want performance (And budget is not a problem), you could use Dual Port RAM. If however you only want to capture one frame, then the PLD could copy one frame into memory and ignore subsequent pixel data until an event such as when your device has read all the data out of RAM. Other options are to use a LVDS (Low Voltage Differential Signalling) serial bus, to relay your data over a few metres or more. At a high enough clock rate, you won`t wait all day for a frame.
The other thing you must not forget is how to control the sensor. Most of it`s internal parameters are controlled by a serial bus, typically I2C for the majority of sensors. This can either be controlled through a memory mapped Register programmed into your PLD or via an I2C port straight from your uC. All up this makes quite a cheap way to capture video. Ideal for your Embedded Linux Systems.
Photobit Corporation
--------------------------------------------------------------------------------
Photobit have many CMOS Image Sensors. CMOS APS (CMOS active pixel sensor) was first created by a team of JPL engineers lead by Dr Eric Fossum. Dr Fossum is now the Chief Scientist and Chairman of Photobit. Two of Photobit’s more common sensors are the PB-100 and PB-300. Other sizes can be sought from Photobit`s Product Matrix
PB-100
CIF Resolution - 360 x 304 Colour or Monochrome
1/5 Inch Optical Format
0-39 Frames a Second, 6 Megabyte Data Rate
Output 8 Bit Serial Digital Video, I2C Control
3.3V Supply, 30mA (100mW)
28-pin CLCC
PB-300
VGA Resolution - 640 x 487 Colour or Monochrome
1/3 Inch Optical Format
0-39 Frames a Second, 24 Megabyte Data Rate
Output 8 Bit Digital Video Data Bus, I2C Control
5V Supply, 60mA (<300mW)
44-pin CLCC
OmniVision Technologies
--------------------------------------------------------------------------------
OmniVision not only develops CMOS Image Sensors, but also support circuitry such as the OV-511 Advanced Camera to USB Bridge. OmniVision is one of the more popular manufacturers with devices such as the OV7910 NTSC/PAL Camera on a Chip being used in many small analog camera modules around the world. This would be the recommended starting point if you are starting out designing with CMOS Image Sensors.
OV6620
352 x 488 Colour(OV6620) or Monochrome(OV6120)
1/3 Inch Optical Format
0-39 Frames a Second, 24 Megabyte Data Rate
Output 8 Bit Digital Video Data Bus, I2C Control
5V Supply, 60mA (<300mW)
44-pin CLCC
OV7620
664 x 492 Colour (OV7620) or Monochrome(OV7110)
1/3 Inch Optical Format
0.5- 30 Frames per Second
Output , I2C Control
5V Supply <120mW
48-pin LCC
OmniVision and some third part vendors have evaluation modules for the OmniVision sensors. This allows you to get up to speed with the sensor, incorporating a PCB with de-coupling, a Lens and Lens Holder. The majority of the sensor`s signals are broken out to a header which you can use to interface to your own designs. The evaluation modules in small quantities are normally much easier to obtain than the sensors themselves, and are typically cheaper as a result.
A picture of the M3188 Evaluation Module withthe lens holder removed. The signals can be obtained
from the 32 pin header on the top of the module
DIY Electronics (http://www.kitsrus.com) are just one outlet which sells the third party evaluation boards.
1/3" B/W Camera VGA Module M3188 with Digital Output (OV7110 Sensor)
1/3" Colour Camera VGA Module C3188 with Digital Output (OV7610 Sensor)
1/3" Colour Camera Module NTSC/PAL Out (OV7910 Sensor)
Mitsubishi Chips
--------------------------------------------------------------------------------
Mitsubishi have broken the pack, to produce smaller resolution sensors. These sensors can typically be used for a range of applications such as finger print sensing, motor detection, gaming, tracing of moving parts etc. Just one application is the new optical mice flooding the market place. They use a low resolution Image Sensor to track movement on a wide variety of surfaces.
Also unique to these sensors is in-built image processing. Both sensors can output edge enhanced or extracted data, making them ideal for tracking on small robots, industrial control etc. The sensors can also process 2D images into 1D. The output of each pixel is by the means of a analog potential, thus this must be fed into an ADC to return digital image data.
M64285FP CMOS Image Sensor
32 x 32 Pixel Black & White, 1/6" Optical Format
5V Supply < 15mW
In Built Edge Extraction
Max 5000 frames per second
Analog Output to uC ADC
10pin SO Package
M64282FP Artificial Retina LSI
128 x 128 Pixel Black & White, 1/4" Optical Format
5V Supply < 15mW
Positive and negative image output, Edge enhancement / extraction
10 to 30 frames per second
16pin TSOP Package
ST Microelectronics Imaging Division
--------------------------------------------------------------------------------
Spectronix have used the ST Sensors in their RoboCam Series. ST also offer a couple of CoProcessors, a STV0657 Digital CoProcessor, a STV0672 USB CoProcessor and a STV0680 DSC (Digital Still Camera) CoProcessor. The DSC CoProcessor offers an RS-232 / USB Interface and on board SDRAM Storage.
VV5301/VV6301
VV5500 Monochrome / VV6500 Colour 648 x 484 VGA Sensor
10bit ADC Output RAW
3.3V-6.0V (Built In Regulator) <25mA
48 LCC Package
Agilent Technolgies
--------------------------------------------------------------------------------
HDCS-2000
VGA 640x480 Colour
10 Bit ADC
3.3V <200mW
44Pin PQFP Package
HDCS-1000/HDCS-1100
CIF 352 x 288 Colour (HDCS-1000) & Monochrome (HDCS-1100)
10 Bit ADC
3.3V <200mW
44Pin PQFP
Digital Imaging Optics
--------------------------------------------------------------------------------
Choosing a CMOS Image Sensor is the easy bit. Once you have chosen your sensor a suitable lens and lens assembly needs to be found. A PCB mount lens holder will screw to the PCB, covering up your sensor from light. The top of the holder will have a standard thread which will allow you to screw in a lens with the same thread type. The lens holder may also incorporate a Infra-Red Cut Off filter and is typically made of Black ABS Plastic or Black Anodised Diecast Aluminium.
The typical thread sizes are detailed below,
A S-mount glass lens encased in aluminium
Mount Type Thread Distance from Back Flange to Image Sensor
C 1 – 32 (1 Inch/32 Threads Per Inch) 17.526 mm
CS 1 – 32 (1 Inch/32 Threads Per Inch) 12.5 mm
S M12x0.5 Not Specified
X M10x0.5 Not Specified
C & CS Mount Lens are typically used by the CCTV Market. Being an inch in diameter they take up quite a bit of real estate but give a better result. S and X mount lens are more typically used on the eyeball PC Cameras being only 12mm in Diameter. S Mount (M12x0.5) Lens are the more dominant standard in eyeball / small cameras sacrificing image clarity for size.
The Lens will screw into your PCB mount thus ensure it has the same thread. You will be able to purchase lenses of different focal lengths, made of either glass or plastic. Plastic are cheaper and typically of lower quality than multi element glass lenses. Lens can also come housed in plastic or aluminium. Beware of inferior quality.
There are a number of parameters associated with the lens. The Focal Length expressed in millimetres determines the field of view. A typical human perception is about 40 degrees, thus this is targeted as the normal view. They can range from telescopic at approximately 20 degrees field of view which has a high image magnification to fish-eye at approximately 110 degrees or more. The field of view can be calculated from the focal length and diameter of the sensor, but most vendors will normally specify both the field of view and focus length.
The aperture number, f Number or f / # specifies the amount of light which passes through the lens. The lower the number, the more light that will pass through the lens, thus the better performance in low light conditions. Every time the f number doubles, the light is reduced by a factor of 4. A lower f-number requires more precise adjustment of focus, where as a lens with a high f-number will be easier to focus. Eyeball cameras for PC imaging have a typical f-number of 1.8 to 2.0 where 2.0 is standard for most S-Mount Lenses. Pinhole lens, while having the ability to be concealed behind a hole have a high f-number thus are not as effective in low light environments.
The inside view of a lens holder showing the IR Filter.B/W sensors do not require the filter.
The pixel element of a CMOS sensor is normally susceptible to a greater span of the electromagnetic spectrum than the human eye. The sensors ability will range from the deep blues to almost infra-red. To get a more accurate measure of what the human eye is seeing, an IR Cut Off filter is included with most lens mounts or lenses. Colour aliasing and blurring can be a consequence of omitting the IR Cut Filter on a colour imaging system.
As the IR cut off filter can either be part of the lens or lens assembly this will need to check on purchasing. The filter present on a lens mount looks like a bit of thick glass mounted to the bottom of the mount. This is normally made up of several layers of optical crystal with a IR Cut Crystal layer. Beware of some lens having a film on the back of the lens as these are easy to scratch.
Another example of a Lens Holderwith IR Filter.
Typical lens and lens mount vendors are
Sunex Inc
Mini & Micro Digital Imaging Lenses (PC Cam Lenses)
C/CS-Mount Lenses
CMT-002 OffSet M12x0.5 Lens Mount Black ABS
CMT-003 M12x0.5 Lens Mount Black Anodised Diecast Al.
Marshall Electronics Optical Systems Division
V-LH3A Lens Holder M12x0.5
V-LH05-2 Lens Holder M12x0.5
Miniature Lenses
International Space Optics / Rainbow
Lenses
Smart Vision Products
Lenses
PCB Mount Lens Holders & Lenses
Sources of additional information
Allthings Lens Selection Guide
Allthings - 1/3" Board Fixed Iris Lenses
Photobit Photobit`s Lens Selection Guide
Working Technologies A source of lenses and PCB lens mounts with IR filters
DIY Electronics - CMOS Video Camera Modules & Evaluation Boards
Pre-Build Modules
--------------------------------------------------------------------------------
For the faint hearted or strapped for time (but not for cash) you can get pre-build modules from Spectronix which terminates to a Ribbon Cable and can provide a RAM based memory mapped interface. Spectronix’s RoboCam I (164x124) and RoboCam II (356x292) come in both B&W and Colour Versions based on ST/Visions VV5404/VV6404/VV5300/VV6300 CMOS Images Sensors.
RoboCam RC-1
160 x 120 Pixels
Monochrome and Bayer Colour
8 or 4 bit data output, frame and pixel clock and I2C control interface
Single 2x2 Inch PCB
RoboCam RC-2
356 x 292 Pixels
Monochrome and Bayer Colour
8 or 4 bit data output, frame and pixel clock and I2C control interface
Single 2x2 Inch PCB
RamCams RCM-1/RCM-2
160 x 120 and 356 x 292 pixel versions
Monochrome or Bayer Colour
Flexible 8-bit RAM interface, 3 modes + int
Double 2x2 Inch PCB - Ribbon Cable Interface
Photo of the Spectronix RAMCAM2
HighTech Investor: Ein gutes Bild
Die Omnivision Inc. zählt zu den eher kleinen US-Werten – noch, denn das Unternehmen ist gerade mitten im Turnaround und seine Schlüsseltechnologie kurz vor dem Durchbruch.
Schalow Communications
Martin Brust
23. August 2002
Omnivision Technologies Inc.
WKN 936737
Branche Halbleiterindustrie
Land USA
Kurs bei Besprechung 9,90 Euro
Datum 23.08.2002
Börsenkennzahlen
Unternehmen Omnivision Technologies Inc.
52 Wochen Hoch 15,20 Euro
52 Wochen Tief 2,80 Euro
Marktkapitalisierung 227 Mio. Euro
Erwähnte Unternehmen
Name WKN Kauf Verk. News
Omnivision Technologies Inc. 936737
Vodafone plc 875999
Frankfurt – Im europäischen Telekomsektor gelten zur Zeit der SMS-Nachfolger MMS und i-Mode als kommende Killerapplikation im Vorfeld der im kommenden Jahr startenden UMTS-Technologie. Alle drei Techniken versprechen vor allem eins: Bilder, die mobil übertragen werden können. Dazu muss der User sie aber zunächst mal aufnehmen, er braucht also eine Kamera, die möglichst einfach in das Telefon integriert werden kann. Also klein und leicht sein muss und wenig Strom verbraucht. Das neue T68-Handy von SonyEricsson ist bereits auf dem Markt und Deutschlands Mobilfunker Nummer zwei, Vodafone, promotet Gerät und MMS-Service bereits stark, die Konkurrenz wird nachziehen. Und E-Plus versucht sein Glück mit dem in Japan so erfolgreichen i-Mode. Soll der Aktionär also in Telekomaktien investieren, wenn er an diesem Trend partizipieren will? Zu dieser momentan nicht sehr beliebten Möglichkeit gibt es eine Alternative: die Aktien der Omnivision Technologies Inc.
Das 1995 gegründete und seit dem Jahr 2000 an der NASDAQ notierte Unternehmen aus Kalifornien könnte stark von diesem Trend profitieren, denn es produziert sogenannte Single-Chip-CMOS-Kameras. Da die komplette Optik der Kamera und alle ihre Funktionen auf einem Chip konzentriert sind, können die Kunden von Omnivision trotz guter Performance der Kamera und hoher Auflösung – das aktuelle Spitzenprodukt bietet über zwei Mio. Pixel und steht damit handelsüblichen Digitalkameras im Kompaktformat kaum nach – von geringem Platz- und Stromverbrauch sowie Kostenvorteilen profitieren.
Die Einsatzmöglichkeiten der Omnivision-Produkte sind übrigens keineswegs auf Mobiltelefone und andere mobile Geräte beschränkt. Sie kommen auch in Automobilen, zur biometrischen Sicherheitserkennung, bei Überwachungsaufgaben, in Videotelefonen, Strichcodelesern, Spielzeugen oder medizinischen Geräten zum Einsatz. Das Fraunhofer-Institut schreibt zum Vergleich zwischen CMOS- und herkömmlicher CCD-Technik: „Die CMOS-Technik bietet bei vergleichbarer Bildqualität weitgehende Blendfreiheit, hohe Temperaturfestigkeit, wahlfreien Pixelzugriff und geringeren Stromverbrauch und ist zudem kostengünstiger zu fertigen.“
Omnivision macht bereits gute Geschäfte mit seinen Kameras. Im Geschäftsjahr 2002 (zum 30. April) sank zwar der Umsatz von 53,7 Mio. USD im Vorjahr auf 46,5 Mio. USD, aber das Unternehmen konnte einen Bruttogewinn von 20,5 Mio. USD erzielen. Unter dem Strich wurde zwar noch immer ein Verlust ausgewiesen, dieser war aber mit 0,06 USD je Aktie deutlich niedriger als im Vorjahr, als der Verlust 0,67 USD je Aktie betrug. Die Zahlen des vierten Quartals 2002 dokumentieren den Aufwärtstrend: Von Februar bis April wurden 13,1 Mio. USD Umsatz gemacht und ein Reingewinn von 1,6 Mio. USD erwirtschaftet. Und die allerneusten Quartalszahlen für die ersten drei Monate im laufenden Geschäftsjahr 2003 zeigen, dass sich dieser Trend zumindest hält. Bei einem auf 16,7 Mio. USD gewachsenen Umsatz wurde ein sequentiell stabiler Reingewinn von wiederum 1,6 Mio. USD oder sieben us-cts je Aktie erzielt. Analysten hatten nur 0,05 USD Gewinn je Aktie erwartet.
Auch die Bilanz des Unternehmens scheint solide, es werden 56,3 Mio. USD Barmittel ausgewiesen, außerdem ist Omnivision schuldenfrei. Bei Vorlage der Quartalszahlen zu Wochenbeginn sagte CEO Shaw Hong: „Wir sind weiterhin sehr zufrieden mit dem Wachstum unseres Geschäfts und wir sind auch in der aktuellen Situation optimistisch, dass wir während des Geschäftsjahres 2003 weiteres Wachstum von Quartal zu Quartal sehen werden.“ Für das laufende Quartal erwartet der Vorstand einen Nettogewinn von 1,7 bis 2,2 Mio. USD, entsprechend 0,07 bis 0,09 USD je Aktie, bei Erlösen zwischen 18 und 19 Mio. USD. Die us-amerikanischen Analysten, die das Unternehmen beobachten, raten zum Kauf der Aktie und erwarten im laufenden Jahr einen Gewinn von 0,29 USD je Aktie. Für das aktuelle Quartal hatten die Schätzungen vor Bekanntgabe der Unternehmensprognosen bei fünf us-cts gelegen.
Derzeit errechnet sich für das Omnivision-Papier ein laufendes KGV von 32 – das ist nicht gerade ein Schnäppchen. Die aktuelle Marktkapitalisierung von 211 Mio. USD verstärkt diesen Eindruck. Die Aktie hat im Jahresverlauf den NASDAQ Composite Index dauerhaft übertroffen, abgesehen von einer kurzen Phase Ende Februar. Und alleine in den ersten drei August-Wochen einen Kursanstieg von 50 Prozent gesehen, ehe dann nach den Quartalszahlen deutliche Kursverluste gemacht wurden. Diese scheinen auf Gewinnmitnahmen zurück zu führen sein, denn direkt nach Veröffentlichung der Zahlen hatte es noch Gewinne von fast fünf Prozent gegeben. Der Anleger kann also angesichts der aktuell nervösen Börsensituation möglicherweise noch auf günstigere Einstiegskurse hoffen – obwohl fundamental eigentlich alles für einen weiteren Kursanstieg spricht.
© 2001 schalow communications GmbH
Consors und schalow communications übernehmen keine Haftung für die Richtigkeit der Angaben!
Die Omnivision Inc. zählt zu den eher kleinen US-Werten – noch, denn das Unternehmen ist gerade mitten im Turnaround und seine Schlüsseltechnologie kurz vor dem Durchbruch.
Schalow Communications
Martin Brust
23. August 2002
Omnivision Technologies Inc.
WKN 936737
Branche Halbleiterindustrie
Land USA
Kurs bei Besprechung 9,90 Euro
Datum 23.08.2002
Börsenkennzahlen
Unternehmen Omnivision Technologies Inc.
52 Wochen Hoch 15,20 Euro
52 Wochen Tief 2,80 Euro
Marktkapitalisierung 227 Mio. Euro
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Name WKN Kauf Verk. News
Omnivision Technologies Inc. 936737
Vodafone plc 875999
Frankfurt – Im europäischen Telekomsektor gelten zur Zeit der SMS-Nachfolger MMS und i-Mode als kommende Killerapplikation im Vorfeld der im kommenden Jahr startenden UMTS-Technologie. Alle drei Techniken versprechen vor allem eins: Bilder, die mobil übertragen werden können. Dazu muss der User sie aber zunächst mal aufnehmen, er braucht also eine Kamera, die möglichst einfach in das Telefon integriert werden kann. Also klein und leicht sein muss und wenig Strom verbraucht. Das neue T68-Handy von SonyEricsson ist bereits auf dem Markt und Deutschlands Mobilfunker Nummer zwei, Vodafone, promotet Gerät und MMS-Service bereits stark, die Konkurrenz wird nachziehen. Und E-Plus versucht sein Glück mit dem in Japan so erfolgreichen i-Mode. Soll der Aktionär also in Telekomaktien investieren, wenn er an diesem Trend partizipieren will? Zu dieser momentan nicht sehr beliebten Möglichkeit gibt es eine Alternative: die Aktien der Omnivision Technologies Inc.
Das 1995 gegründete und seit dem Jahr 2000 an der NASDAQ notierte Unternehmen aus Kalifornien könnte stark von diesem Trend profitieren, denn es produziert sogenannte Single-Chip-CMOS-Kameras. Da die komplette Optik der Kamera und alle ihre Funktionen auf einem Chip konzentriert sind, können die Kunden von Omnivision trotz guter Performance der Kamera und hoher Auflösung – das aktuelle Spitzenprodukt bietet über zwei Mio. Pixel und steht damit handelsüblichen Digitalkameras im Kompaktformat kaum nach – von geringem Platz- und Stromverbrauch sowie Kostenvorteilen profitieren.
Die Einsatzmöglichkeiten der Omnivision-Produkte sind übrigens keineswegs auf Mobiltelefone und andere mobile Geräte beschränkt. Sie kommen auch in Automobilen, zur biometrischen Sicherheitserkennung, bei Überwachungsaufgaben, in Videotelefonen, Strichcodelesern, Spielzeugen oder medizinischen Geräten zum Einsatz. Das Fraunhofer-Institut schreibt zum Vergleich zwischen CMOS- und herkömmlicher CCD-Technik: „Die CMOS-Technik bietet bei vergleichbarer Bildqualität weitgehende Blendfreiheit, hohe Temperaturfestigkeit, wahlfreien Pixelzugriff und geringeren Stromverbrauch und ist zudem kostengünstiger zu fertigen.“
Omnivision macht bereits gute Geschäfte mit seinen Kameras. Im Geschäftsjahr 2002 (zum 30. April) sank zwar der Umsatz von 53,7 Mio. USD im Vorjahr auf 46,5 Mio. USD, aber das Unternehmen konnte einen Bruttogewinn von 20,5 Mio. USD erzielen. Unter dem Strich wurde zwar noch immer ein Verlust ausgewiesen, dieser war aber mit 0,06 USD je Aktie deutlich niedriger als im Vorjahr, als der Verlust 0,67 USD je Aktie betrug. Die Zahlen des vierten Quartals 2002 dokumentieren den Aufwärtstrend: Von Februar bis April wurden 13,1 Mio. USD Umsatz gemacht und ein Reingewinn von 1,6 Mio. USD erwirtschaftet. Und die allerneusten Quartalszahlen für die ersten drei Monate im laufenden Geschäftsjahr 2003 zeigen, dass sich dieser Trend zumindest hält. Bei einem auf 16,7 Mio. USD gewachsenen Umsatz wurde ein sequentiell stabiler Reingewinn von wiederum 1,6 Mio. USD oder sieben us-cts je Aktie erzielt. Analysten hatten nur 0,05 USD Gewinn je Aktie erwartet.
Auch die Bilanz des Unternehmens scheint solide, es werden 56,3 Mio. USD Barmittel ausgewiesen, außerdem ist Omnivision schuldenfrei. Bei Vorlage der Quartalszahlen zu Wochenbeginn sagte CEO Shaw Hong: „Wir sind weiterhin sehr zufrieden mit dem Wachstum unseres Geschäfts und wir sind auch in der aktuellen Situation optimistisch, dass wir während des Geschäftsjahres 2003 weiteres Wachstum von Quartal zu Quartal sehen werden.“ Für das laufende Quartal erwartet der Vorstand einen Nettogewinn von 1,7 bis 2,2 Mio. USD, entsprechend 0,07 bis 0,09 USD je Aktie, bei Erlösen zwischen 18 und 19 Mio. USD. Die us-amerikanischen Analysten, die das Unternehmen beobachten, raten zum Kauf der Aktie und erwarten im laufenden Jahr einen Gewinn von 0,29 USD je Aktie. Für das aktuelle Quartal hatten die Schätzungen vor Bekanntgabe der Unternehmensprognosen bei fünf us-cts gelegen.
Derzeit errechnet sich für das Omnivision-Papier ein laufendes KGV von 32 – das ist nicht gerade ein Schnäppchen. Die aktuelle Marktkapitalisierung von 211 Mio. USD verstärkt diesen Eindruck. Die Aktie hat im Jahresverlauf den NASDAQ Composite Index dauerhaft übertroffen, abgesehen von einer kurzen Phase Ende Februar. Und alleine in den ersten drei August-Wochen einen Kursanstieg von 50 Prozent gesehen, ehe dann nach den Quartalszahlen deutliche Kursverluste gemacht wurden. Diese scheinen auf Gewinnmitnahmen zurück zu führen sein, denn direkt nach Veröffentlichung der Zahlen hatte es noch Gewinne von fast fünf Prozent gegeben. Der Anleger kann also angesichts der aktuell nervösen Börsensituation möglicherweise noch auf günstigere Einstiegskurse hoffen – obwohl fundamental eigentlich alles für einen weiteren Kursanstieg spricht.
© 2001 schalow communications GmbH
Consors und schalow communications übernehmen keine Haftung für die Richtigkeit der Angaben!
OmniVision Announces Volume Orders and Shipments of 2M Pixel CMOS CameraChips
Friday October 11, 8:01 am ET
SUNNYVALE, Calif.--(BUSINESS WIRE)--Oct. 11, 2002--OmniVision Technologies, Inc. (Nasdaq:OVTI - News), a market-leading independent supplier of CameraChip(TM) solutions for high-volume imaging applications, today announced it is shipping 2Mega-Pixel CameraChips in volume. The 2M Pixel OV2610 CameraChip is designed to replace Charge Coupled Device (CCD) image sensors and is used by volume manufacturers of Digital Still Cameras where high image quality and low power constraints place stringent demands on CameraChip providers.
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"OmniVision has already shipped hundreds of thousands of our 2M Pixel CameraChips for the Christmas shopping season and we have orders for hundreds of thousands more," stated John Lynch, Vice President Sales and Marketing at OmniVision, "With more than a dozen individually branded cameras coming to market with our CameraChips inside, we see this as strong market validation of our technology."
The OV2610 is a 1/2 inch optical format CMOS CameraChip with 1200 x 1600 pixels. 1200 x 1600 pixels is generally considered the resolution needed to produce quality 8" x 10" prints. Manufactured using standard CMOS fabrication technology, the OV2610 does not have the production capacity limitations of traditional CCD image sensors which are manufactured in dedicated fabrication plants. This latest CameraChip offering by Omnivision outputs Bayer Pattern raw RGB data and integrates auto-white balance, auto-exposure, auto-gain control and performs correlated double sampling. The OV2610 is pin-for-pin compatible with OmniVision`s currently shipping 48-pin package OV9620 1.3M Pixel CameraChip. It draws less than 50mA at 3.3 volts, significantly less than comparable CCD based multi-chip image sensor solutions currently available on the market. CMOS CameraChips generally require fewer supporting components than comparable CCD offerings. This allows manufacturers to reduce the overall size and complexity of their camera design and speed the camera manufacturers` time-to-market.
For More Information
For more information on OmniVision`s OV2610 CameraChip or the Early Access Partner program, please contact OmniVision by phoning 408-733-3030, via e-mail at sales@ovt.com or visit our website at www.ovt.com.
About OmniVision
OmniVision Technologies, Inc. is an independent CameraChip(TM) solutions provider. Utilizing proprietary design technology for its highly integrated still-photo and video camera solutions for high-volume imaging applications, OmniVision integrates multiple image processing and capture functions into a single CameraChip design. With the addition of only a lens, the result is a low-cost CameraChip that consumes less power, has a greater environmental functioning range and has a smaller footprint than typical CMOS multi-chip image sensor solutions. Omnivision`s CameraChip solutions are in cell phones, personal digital assistants, automobiles and industrial machine vision applications, as well as surveillance and biometric security applications. OmniVision is based in Sunnyvale, California. For more information about the company, visit our Website at www.ovt.com.
NOTE: OmniVision and CameraChip are trademarks of OmniVision Technologies, Inc.
Safe Harbor Language
These forward looking statements include, but are not limited to, statements regarding orders for the 2M Pixel CameraChips and a dozen cameras coming to market which contain the Company`s 2M Pixel CameraChips. These forward-looking statements are subject to significant risks and uncertainties. Factors that could cause actual results to differ materially from those described in the Company`s forward looking statements include: the continued good relations between the Company and its camera manufacturers; the cancellation of orders for the Company`s 2M Pixel CameraChips; failure of camera manufacturers to bring their cameras to market or to bring their cameras to market with the Company`s 2M Pixel CameraChip designed into such cameras and latent defects in the 2M Pixel CameraChip which could increase the Company`s costs and damage its customer relationships. These risks and other risks affecting the Company`s business, results of operation and financial condition are detailed from time to time in the Company`s Securities and Exchange Commission filings and reports, including, but not limited to, the Company`s annual report on Form 10-K for the fiscal year ended April 30, 2002 and its quarterly report on Form 10-Q for the quarter ended July 31, 2002. These forward-looking statements are made only as of the date hereof, and OmniVision disclaims any obligation to update or revise the information contained in any forward-looking statements, whether as a result of new information, future events or otherwise.
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
Steve Rowley, 408/733-3030 x104
srowley@ovt.com
--------------------------------------------------------------------------------
Source: OmniVision Technologies, Inc.
Friday October 11, 8:01 am ET
SUNNYVALE, Calif.--(BUSINESS WIRE)--Oct. 11, 2002--OmniVision Technologies, Inc. (Nasdaq:OVTI - News), a market-leading independent supplier of CameraChip(TM) solutions for high-volume imaging applications, today announced it is shipping 2Mega-Pixel CameraChips in volume. The 2M Pixel OV2610 CameraChip is designed to replace Charge Coupled Device (CCD) image sensors and is used by volume manufacturers of Digital Still Cameras where high image quality and low power constraints place stringent demands on CameraChip providers.
ADVERTISEMENT
"OmniVision has already shipped hundreds of thousands of our 2M Pixel CameraChips for the Christmas shopping season and we have orders for hundreds of thousands more," stated John Lynch, Vice President Sales and Marketing at OmniVision, "With more than a dozen individually branded cameras coming to market with our CameraChips inside, we see this as strong market validation of our technology."
The OV2610 is a 1/2 inch optical format CMOS CameraChip with 1200 x 1600 pixels. 1200 x 1600 pixels is generally considered the resolution needed to produce quality 8" x 10" prints. Manufactured using standard CMOS fabrication technology, the OV2610 does not have the production capacity limitations of traditional CCD image sensors which are manufactured in dedicated fabrication plants. This latest CameraChip offering by Omnivision outputs Bayer Pattern raw RGB data and integrates auto-white balance, auto-exposure, auto-gain control and performs correlated double sampling. The OV2610 is pin-for-pin compatible with OmniVision`s currently shipping 48-pin package OV9620 1.3M Pixel CameraChip. It draws less than 50mA at 3.3 volts, significantly less than comparable CCD based multi-chip image sensor solutions currently available on the market. CMOS CameraChips generally require fewer supporting components than comparable CCD offerings. This allows manufacturers to reduce the overall size and complexity of their camera design and speed the camera manufacturers` time-to-market.
For More Information
For more information on OmniVision`s OV2610 CameraChip or the Early Access Partner program, please contact OmniVision by phoning 408-733-3030, via e-mail at sales@ovt.com or visit our website at www.ovt.com.
About OmniVision
OmniVision Technologies, Inc. is an independent CameraChip(TM) solutions provider. Utilizing proprietary design technology for its highly integrated still-photo and video camera solutions for high-volume imaging applications, OmniVision integrates multiple image processing and capture functions into a single CameraChip design. With the addition of only a lens, the result is a low-cost CameraChip that consumes less power, has a greater environmental functioning range and has a smaller footprint than typical CMOS multi-chip image sensor solutions. Omnivision`s CameraChip solutions are in cell phones, personal digital assistants, automobiles and industrial machine vision applications, as well as surveillance and biometric security applications. OmniVision is based in Sunnyvale, California. For more information about the company, visit our Website at www.ovt.com.
NOTE: OmniVision and CameraChip are trademarks of OmniVision Technologies, Inc.
Safe Harbor Language
These forward looking statements include, but are not limited to, statements regarding orders for the 2M Pixel CameraChips and a dozen cameras coming to market which contain the Company`s 2M Pixel CameraChips. These forward-looking statements are subject to significant risks and uncertainties. Factors that could cause actual results to differ materially from those described in the Company`s forward looking statements include: the continued good relations between the Company and its camera manufacturers; the cancellation of orders for the Company`s 2M Pixel CameraChips; failure of camera manufacturers to bring their cameras to market or to bring their cameras to market with the Company`s 2M Pixel CameraChip designed into such cameras and latent defects in the 2M Pixel CameraChip which could increase the Company`s costs and damage its customer relationships. These risks and other risks affecting the Company`s business, results of operation and financial condition are detailed from time to time in the Company`s Securities and Exchange Commission filings and reports, including, but not limited to, the Company`s annual report on Form 10-K for the fiscal year ended April 30, 2002 and its quarterly report on Form 10-Q for the quarter ended July 31, 2002. These forward-looking statements are made only as of the date hereof, and OmniVision disclaims any obligation to update or revise the information contained in any forward-looking statements, whether as a result of new information, future events or otherwise.
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
Steve Rowley, 408/733-3030 x104
srowley@ovt.com
--------------------------------------------------------------------------------
Source: OmniVision Technologies, Inc.
REPEAT/ OmniVision Technologies Ranked as the 10th Fastest Growing Technology Company in North America on the 2002 Deloitte & Touche Technology Fast 500
Wednesday October 16, 4:25 pm ET
SUNNYVALE, Calif.--(BUSINESS WIRE)--Oct. 16, 2002--OmniVision Technologies, Inc. (Nasdaq:OVTI - News) today announced that it ranked Number 10 on the 2002 Deloitte & Touche Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. Rankings are based on percentage revenue growth over five years, from 1997-2001. OmniVision grew 90,929 percent during this period.
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OmniVision`s CEO, Shaw Hong, credits the rapidly growing markets for imaging technologies and OmniVision`s unique single CameraChip(TM) technology with the company`s 90,929 percent revenue growth over the past five years. "The markets we are focused on are large volume imaging markets where small size, low power, and high image quality are important. Our single CameraChip(TM) technology essentially puts complete camera functions on a single chip and allows us to deliver small, simple to integrate solutions to camera manufacturers in the rapidly growing PC, digital still camera and cellular phone camera markets."
"Making the Deloitte & Touche Technology Fast 500 is a testament to a company`s leadership, commitment to technology, and ability to deliver the right solution at the right time," said Mark A. Evans, managing director, Deloitte & Touche Technology, Media & Telecommunications Group. "With its 90,929 growth rate over five years, OmniVision has proven that its leadership has the vision and determination to succeed, and we at Deloitte & Touche salute their accomplishments."
In addition to ranking on the Deloitte & Touche Technology Fast 500, OmniVision ranked 5th on the Silicon Valley Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in Silicon Valley
Fast 500 Selection and Qualifications
The Fast 500 list is compiled from three sources: Deloitte & Touche`s 20 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Fast 500, companies must have had 1997 operating revenues of at least $50,000 USD and $75,000 CD, for United States and Canada respectively, must be public or private companies headquartered in North America, and be "technology companies" defined as companies that own proprietary technology that contributes to a significant portion of the company`s operating revenues or devote a high percentage of effort to research and development of technology.
Technology Fast 500 winners are invited to an exclusive CEO Summit held each spring. The CEO Summit, now in its fifth year, is designed to address the unique business challenges facing these super-charged technology companies.
About OmniVision
OmniVision Technologies, Inc. is an independent CameraChip solutions provider. Utilizing proprietary design technology for its highly integrated still-photo and video camera solutions for high-volume imaging applications, OmniVision integrates multiple image processing and capture functions into a single CameraChip design. With the addition of only a lens, the result is a low-cost CameraChip that consumes less power, has a greater environmental functioning range and has a smaller footprint than typical CMOS multi-chip image sensor solutions. OmniVision`s CameraChip solutions are in cell phones, personal digital assistants, automobiles and industrial machine vision applications, as well as surveillance and biometric security applications. OmniVision is based in Sunnyvale, California. For more information about the company, visit our Website at www.ovt.com.
About Deloitte & Touche
Deloitte & Touche, one of the nation`s leading professional services firms, provides assurance and advisory, tax, and management consulting services through nearly 30,000 people in more than 100 U.S. cities. The firm is dedicated to helping its clients and its people excel. Known as an employer of choice for innovative human resources programs, Deloitte & Touche has been recognized as one of the "100 Best Companies to Work for in America" by Fortune magazine for five consecutive years. Deloitte & Touche refers to Deloitte & Touche LLP and its related entities. Deloitte & Touche is the U.S. national practice of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity. For more information, please visit Deloitte & Touche`s Web site at www.deloitte.com.
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies
Steve Rowley, 408/733-3030 x104
srowley@ovt.com
--------------------------------------------------------------------------------
Source: OmniVision Technologies
Wednesday October 16, 4:25 pm ET
SUNNYVALE, Calif.--(BUSINESS WIRE)--Oct. 16, 2002--OmniVision Technologies, Inc. (Nasdaq:OVTI - News) today announced that it ranked Number 10 on the 2002 Deloitte & Touche Technology Fast 500, a ranking of the 500 fastest growing technology companies in North America. Rankings are based on percentage revenue growth over five years, from 1997-2001. OmniVision grew 90,929 percent during this period.
ADVERTISEMENT
OmniVision`s CEO, Shaw Hong, credits the rapidly growing markets for imaging technologies and OmniVision`s unique single CameraChip(TM) technology with the company`s 90,929 percent revenue growth over the past five years. "The markets we are focused on are large volume imaging markets where small size, low power, and high image quality are important. Our single CameraChip(TM) technology essentially puts complete camera functions on a single chip and allows us to deliver small, simple to integrate solutions to camera manufacturers in the rapidly growing PC, digital still camera and cellular phone camera markets."
"Making the Deloitte & Touche Technology Fast 500 is a testament to a company`s leadership, commitment to technology, and ability to deliver the right solution at the right time," said Mark A. Evans, managing director, Deloitte & Touche Technology, Media & Telecommunications Group. "With its 90,929 growth rate over five years, OmniVision has proven that its leadership has the vision and determination to succeed, and we at Deloitte & Touche salute their accomplishments."
In addition to ranking on the Deloitte & Touche Technology Fast 500, OmniVision ranked 5th on the Silicon Valley Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in Silicon Valley
Fast 500 Selection and Qualifications
The Fast 500 list is compiled from three sources: Deloitte & Touche`s 20 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Fast 500, companies must have had 1997 operating revenues of at least $50,000 USD and $75,000 CD, for United States and Canada respectively, must be public or private companies headquartered in North America, and be "technology companies" defined as companies that own proprietary technology that contributes to a significant portion of the company`s operating revenues or devote a high percentage of effort to research and development of technology.
Technology Fast 500 winners are invited to an exclusive CEO Summit held each spring. The CEO Summit, now in its fifth year, is designed to address the unique business challenges facing these super-charged technology companies.
About OmniVision
OmniVision Technologies, Inc. is an independent CameraChip solutions provider. Utilizing proprietary design technology for its highly integrated still-photo and video camera solutions for high-volume imaging applications, OmniVision integrates multiple image processing and capture functions into a single CameraChip design. With the addition of only a lens, the result is a low-cost CameraChip that consumes less power, has a greater environmental functioning range and has a smaller footprint than typical CMOS multi-chip image sensor solutions. OmniVision`s CameraChip solutions are in cell phones, personal digital assistants, automobiles and industrial machine vision applications, as well as surveillance and biometric security applications. OmniVision is based in Sunnyvale, California. For more information about the company, visit our Website at www.ovt.com.
About Deloitte & Touche
Deloitte & Touche, one of the nation`s leading professional services firms, provides assurance and advisory, tax, and management consulting services through nearly 30,000 people in more than 100 U.S. cities. The firm is dedicated to helping its clients and its people excel. Known as an employer of choice for innovative human resources programs, Deloitte & Touche has been recognized as one of the "100 Best Companies to Work for in America" by Fortune magazine for five consecutive years. Deloitte & Touche refers to Deloitte & Touche LLP and its related entities. Deloitte & Touche is the U.S. national practice of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity. For more information, please visit Deloitte & Touche`s Web site at www.deloitte.com.
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies
Steve Rowley, 408/733-3030 x104
srowley@ovt.com
--------------------------------------------------------------------------------
Source: OmniVision Technologies
OmniVision 1.3 And 2.0 Mega Pixel Digital CameraChips Selected for Polaroid and Cool iCAM Digital Cameras
Monday October 28, 8:16 am ET
SAN JOSE, Calif.--(BUSINESS WIRE)--Oct. 28, 2002--OmniVision Technologies, Inc. (Nasdaq:OVTI - News), a market-leading independent supplier of CMOS CameraChip(TM) solutions for high-volume imaging applications, today announced it is providing 1.3 and 2.0 Mega Pixel CameraChips for Polaroid brand digital still cameras. Marketed by World Wide Licenses Ltd. (WWL), a subsidiary of Character Group plc. (London Stock Exchange: CCT - News), OmniVision CameraChips(TM) will be used in more than 12 separate digital cameras. In addition to the Polaroid branded products, OmniVision`s CMOS CameraChips will also be used in various Cool iCAM digital cameras also marketed by WWL. Polaroid brand cameras utilizing OmniVision CameraChips(TM) are expected in retail outlets in time for the holiday season.
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"This is a great opportunity for OmniVision," stated John Lynch, VP Sales and Marketing at OmniVision. "Polaroid is a household name in camera technologies, and WWL`s manufacturing and marketing strength can definitely help drive volume. This makes their selection of OmniVision`s CameraChips an important design win for us."
"OmniVision is an ideal partner for WWL," stated Giovanni Tomaselli, Managing Director for WWL. "They have a strong leadership position relative to high resolution CameraChip technology, and we wanted to partner with a company that could help us maintain a technology edge. We look forward to a long working relationship with OmniVision."
Launched in November of 2001, OmniVision`s OV9620 is a 1.3 million pixel resolution color CameraChip for digital still cameras and requires minimal power to produce keepsake quality prints. Similarly, the OV2610 was announced in June of 2002 and is a 2 million-pixel resolution CameraChip that is pin-for-pin compatible with the OV9620. Both CameraChips utilize a 1/2-inch lens format and operate on 3.3 volts. The combination of high resolution and low power consumption enables camera manufacturers to provide competitive resolution camera solutions with greater battery life than competing CCD based solutions.
Pricing and Availability
OmniVision`s OV9620 CameraChip is available in production volumes for below $10.00. The OV2610 is available in production volumes for below $13.00. Please contact OmniVision via e-mail at sales@ovt.com or by visiting our website at www.ovt.com.
About OmniVision
OmniVision Technologies, Inc. is an independent CameraChip solutions provider. Utilizing proprietary design technology for its highly integrated still-photo and video camera solutions for high-volume imaging applications, OmniVision integrates multiple image processing and capture functions into a single CameraChip design. With the addition of only a lens, the result is a low-cost CameraChip that consumes less power, has a greater environmental functioning range and has a smaller footprint than typical CMOS multi-chip image sensor solutions. OmniVision`s CameraChip solutions are in cell phones, personal digital assistants, automobiles and industrial machine vision applications, as well as surveillance and biometric security applications. OmniVision is based in Sunnyvale, California. For more information about the company, visit our Website at www.ovt.com.
About World Wide Licenses Ltd.
World Wide Licenses Ltd is the Hong Kong-based wholly owned subsidiary of The Character Group PLC. Founded in 1991, the Character Group PLC is fully listed in the London Stock Exchange, Media and Photography sector. World Wide Licenses Ltd designs and develops digital interactive products for global distribution. For more information, please visit www.cool-icam.com or www.polaroid-digital.com
About Polaroid Corporation
Polaroid Corporation is the worldwide leader in instant photography. The company supplies photographic cameras and films; digital imaging hardware, software and media; secure identification systems; and sunglasses to markets worldwide. Additional information is available on the company`s web site at www.polaroid.com. "Polaroid" is a registered trademark of Polaroid Corporation, Waltham, MA 02451.
OmniVision and CameraChip are trademarks of OmniVision Technologies, Inc. All other trade, product or service names referenced in this release may be trademarks or registered trademarks of their respective holders.
Certain statements in this press release, including statements regarding the number of digital cameras which shall incorporate OmniVision`s CameraChips, the incorporation of OmniVision`s CameraChips in certain of Cool iCAM digital cameras; the expected timing of availability in retail stores of Polaroid cameras which incorporate OmniVision CameraChips and WWL`s manufacturing and marketing strength assisting to increase OmniVision`s sales are forward looking statements that are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward looking statements and OmniVision`s results to differ materially, include, without limitation: the timely and continued development, manufacture and production of the 1.3 and 2.0 Mega Pixel CameraChips and the Polaroid and Cool iCAM`s line of digital cameras which shall incorporate such CameraChips; the successful integration of OmniVision`s products into Polaroid and Cool iCAM`s digital cameras; the continued growth of markets for the OmniVision`s products; the risk of latent defects in OmniVision`s products; the continued good relations between the parties and the other risks detailed from time to time in OmniVision`s Securities and Exchange Commission filings and reports, including, but not limited to, OmniVision`s quarterly reports filed on form 10-Q. OmniVision disclaims any obligation to update information contained in any forward looking statement.
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
Steve Rowley, 408/733-3030 x104
press@ovt.com
or
World Wide Licenses Ltd.
Elaine Wong, HK (852) 2176 6397
elaine_wong@thecharacter.com
Stephen Golden, 781/829-1182
sgolden@wwlusa.com
or
Polaroid Corporation
Skip Colcord, 781/386-6624
skip.colcord@polaroid.com
--------------------------------------------------------------------------------
Source: OmniVision Technologies, Inc. Today`s News On The Net - Business Wire`s full file on the Internet
Monday October 28, 8:16 am ET
SAN JOSE, Calif.--(BUSINESS WIRE)--Oct. 28, 2002--OmniVision Technologies, Inc. (Nasdaq:OVTI - News), a market-leading independent supplier of CMOS CameraChip(TM) solutions for high-volume imaging applications, today announced it is providing 1.3 and 2.0 Mega Pixel CameraChips for Polaroid brand digital still cameras. Marketed by World Wide Licenses Ltd. (WWL), a subsidiary of Character Group plc. (London Stock Exchange: CCT - News), OmniVision CameraChips(TM) will be used in more than 12 separate digital cameras. In addition to the Polaroid branded products, OmniVision`s CMOS CameraChips will also be used in various Cool iCAM digital cameras also marketed by WWL. Polaroid brand cameras utilizing OmniVision CameraChips(TM) are expected in retail outlets in time for the holiday season.
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"This is a great opportunity for OmniVision," stated John Lynch, VP Sales and Marketing at OmniVision. "Polaroid is a household name in camera technologies, and WWL`s manufacturing and marketing strength can definitely help drive volume. This makes their selection of OmniVision`s CameraChips an important design win for us."
"OmniVision is an ideal partner for WWL," stated Giovanni Tomaselli, Managing Director for WWL. "They have a strong leadership position relative to high resolution CameraChip technology, and we wanted to partner with a company that could help us maintain a technology edge. We look forward to a long working relationship with OmniVision."
Launched in November of 2001, OmniVision`s OV9620 is a 1.3 million pixel resolution color CameraChip for digital still cameras and requires minimal power to produce keepsake quality prints. Similarly, the OV2610 was announced in June of 2002 and is a 2 million-pixel resolution CameraChip that is pin-for-pin compatible with the OV9620. Both CameraChips utilize a 1/2-inch lens format and operate on 3.3 volts. The combination of high resolution and low power consumption enables camera manufacturers to provide competitive resolution camera solutions with greater battery life than competing CCD based solutions.
Pricing and Availability
OmniVision`s OV9620 CameraChip is available in production volumes for below $10.00. The OV2610 is available in production volumes for below $13.00. Please contact OmniVision via e-mail at sales@ovt.com or by visiting our website at www.ovt.com.
About OmniVision
OmniVision Technologies, Inc. is an independent CameraChip solutions provider. Utilizing proprietary design technology for its highly integrated still-photo and video camera solutions for high-volume imaging applications, OmniVision integrates multiple image processing and capture functions into a single CameraChip design. With the addition of only a lens, the result is a low-cost CameraChip that consumes less power, has a greater environmental functioning range and has a smaller footprint than typical CMOS multi-chip image sensor solutions. OmniVision`s CameraChip solutions are in cell phones, personal digital assistants, automobiles and industrial machine vision applications, as well as surveillance and biometric security applications. OmniVision is based in Sunnyvale, California. For more information about the company, visit our Website at www.ovt.com.
About World Wide Licenses Ltd.
World Wide Licenses Ltd is the Hong Kong-based wholly owned subsidiary of The Character Group PLC. Founded in 1991, the Character Group PLC is fully listed in the London Stock Exchange, Media and Photography sector. World Wide Licenses Ltd designs and develops digital interactive products for global distribution. For more information, please visit www.cool-icam.com or www.polaroid-digital.com
About Polaroid Corporation
Polaroid Corporation is the worldwide leader in instant photography. The company supplies photographic cameras and films; digital imaging hardware, software and media; secure identification systems; and sunglasses to markets worldwide. Additional information is available on the company`s web site at www.polaroid.com. "Polaroid" is a registered trademark of Polaroid Corporation, Waltham, MA 02451.
OmniVision and CameraChip are trademarks of OmniVision Technologies, Inc. All other trade, product or service names referenced in this release may be trademarks or registered trademarks of their respective holders.
Certain statements in this press release, including statements regarding the number of digital cameras which shall incorporate OmniVision`s CameraChips, the incorporation of OmniVision`s CameraChips in certain of Cool iCAM digital cameras; the expected timing of availability in retail stores of Polaroid cameras which incorporate OmniVision CameraChips and WWL`s manufacturing and marketing strength assisting to increase OmniVision`s sales are forward looking statements that are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward looking statements and OmniVision`s results to differ materially, include, without limitation: the timely and continued development, manufacture and production of the 1.3 and 2.0 Mega Pixel CameraChips and the Polaroid and Cool iCAM`s line of digital cameras which shall incorporate such CameraChips; the successful integration of OmniVision`s products into Polaroid and Cool iCAM`s digital cameras; the continued growth of markets for the OmniVision`s products; the risk of latent defects in OmniVision`s products; the continued good relations between the parties and the other risks detailed from time to time in OmniVision`s Securities and Exchange Commission filings and reports, including, but not limited to, OmniVision`s quarterly reports filed on form 10-Q. OmniVision disclaims any obligation to update information contained in any forward looking statement.
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
Steve Rowley, 408/733-3030 x104
press@ovt.com
or
World Wide Licenses Ltd.
Elaine Wong, HK (852) 2176 6397
elaine_wong@thecharacter.com
Stephen Golden, 781/829-1182
sgolden@wwlusa.com
or
Polaroid Corporation
Skip Colcord, 781/386-6624
skip.colcord@polaroid.com
--------------------------------------------------------------------------------
Source: OmniVision Technologies, Inc. Today`s News On The Net - Business Wire`s full file on the Internet
OmniVision Announces Availability of Low Cost USB 1.0 JPEG Compression Chip for PC Cameras
Thursday November 7, 8:08 am ET
SUNNYVALE, Calif.--(BUSINESS WIRE)--Nov. 7, 2002--OmniVision Technologies, Inc. (Nasdaq:OVTI - News), a market-leading independent supplier of CMOS CameraChip(TM) solutions for high-volume imaging applications, today announced availability of the OV519 JPEG compression chip targeted for mobile phones and PDA`s. Designed specifically to provide low cost compression and USB interface, the OV519 provides standard JPEG compression capabilities with a serial or SPI interface.
"This latest offering by OmniVision underscores our commitment to address the needs of our OEM and ODM customers developing add-on and embedded camera solutions for the PC," said Kimble Dong, vice president of systems engineering for OmniVision. "The OV519 was designed to provide a lower cost and simpler solution for our customers, replacing both our OV511+ and our OV518+ chips."
The OV519 was designed to work seamlessly with OmniVisions`s standard and custom CameraChips and modules. It can be integrated into PC cameras and other consumer electronic imaging devices and supplies:
Full USB support (v1.1) including 2 selectable default hardwired video/audio descriptors as well as options for additional customer-specific USB PIDs.
High-performance video transfer rates of up to 20FPS for SVGA and up to 30FPS for VGA, CIF/SIF & QCIF/QSIF formats with selectable YUV 4:2:2, 4:2:0, 4:1:1 or 4:0:0 formatting.
Full USB audio interface (Class 1.0 compliance) incorporating a 16-Bit mono ADC for microphone usage with sampling rates of 8KHz, 16KHz and 24KHz.
Low voltage 2.5V (Core) and 3.3V (I/O) operation.
8-Bit 8051-compatible microcontroller, with embedded 512-byte RAM.
External system clock or independent crystal operation.
Down-sampling, Clamping and Windowing (DCW) functions.
YUV averaging and Y distribution with Y enhancement.
Defect compensation up to 8 pixels in YUV input.
The OV519 supports up to SVGA (800 x 600 pixels) resolution. Depending on the configuration, the complete camera power consumption is approximately 100 mA at 2.5 Volts. The chip is available in 12x12 (mm) 64pin TQFP or 16x16 (mm) 100 pin TQFP package. The 100 pin TQFP packaged version of the chip can support external memory to expand the buffer capabilities of the camera design and allow for storage of more images prior to transfer to the host.
The OV519 is available immediately for sampling. Initial volume pricing will be below $4.00 US.
About OmniVision
OmniVision Technologies, Inc. is an independent CameraChip solutions provider. Utilizing proprietary design technology for its highly integrated still-photo and video camera solutions for high-volume imaging applications, OmniVision integrates multiple image processing and capture functions into a single CameraChip design. With the addition of only a lens, the result is a low-cost CameraChip that consumes less power, has a greater environmental functioning range and has a smaller footprint than typical CMOS multi-chip image sensor solutions. OmniVision`s CameraChip solutions are in cell phones, personal digital assistants, automobiles and industrial machine vision applications, as well as surveillance and biometric security applications. OmniVision is based in Sunnyvale, California. For more information about the company, visit our Website at www.ovt.com.
Certain statements in this press release, including statements regarding the characteristics and functionality of the Company`s OV519 JPEG compression chip, the anticipated benefits which the OV519 JPEG compression chip will provide for camera manufacturers and customers and the initial pricing of the OV519 JPEG compression chip are forward looking statements that are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward looking statements and OmniVision`s results to differ materially, include, without limitation: potential errors, design flaws or other problems with the Company`s OV519 JPEG compression chip; customer acceptance and demand for the OV519 JPEG compression chip; the Company`s ability to successfully address the functionality of the OV519 JPEG compression chip, including its performance and reliability; the growth of the markets for the OV519 JPEG compression chip and the other risks detailed from time to time in OmniVision`s Securities and Exchange Commission filings and reports, including, but not limited to, OmniVision`s quarterly reports filed on form 10-Q. OmniVision disclaims any obligation to update information contained in any forward looking statement.
Note to Editors: OmniVision and CameraChip are trademarks of OmniVision Technologies, Inc. All other trade, product or service names referenced in this release may be trademarks or registered trademarks of their respective holders.
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc., Sunnyvale
Steve Rowley, 408/733-3030 ext. 104
press@ovt.com
--------------------------------------------------------------------------------
Source: OmniVision Technologies, Inc.
Thursday November 7, 8:08 am ET
SUNNYVALE, Calif.--(BUSINESS WIRE)--Nov. 7, 2002--OmniVision Technologies, Inc. (Nasdaq:OVTI - News), a market-leading independent supplier of CMOS CameraChip(TM) solutions for high-volume imaging applications, today announced availability of the OV519 JPEG compression chip targeted for mobile phones and PDA`s. Designed specifically to provide low cost compression and USB interface, the OV519 provides standard JPEG compression capabilities with a serial or SPI interface.
"This latest offering by OmniVision underscores our commitment to address the needs of our OEM and ODM customers developing add-on and embedded camera solutions for the PC," said Kimble Dong, vice president of systems engineering for OmniVision. "The OV519 was designed to provide a lower cost and simpler solution for our customers, replacing both our OV511+ and our OV518+ chips."
The OV519 was designed to work seamlessly with OmniVisions`s standard and custom CameraChips and modules. It can be integrated into PC cameras and other consumer electronic imaging devices and supplies:
Full USB support (v1.1) including 2 selectable default hardwired video/audio descriptors as well as options for additional customer-specific USB PIDs.
High-performance video transfer rates of up to 20FPS for SVGA and up to 30FPS for VGA, CIF/SIF & QCIF/QSIF formats with selectable YUV 4:2:2, 4:2:0, 4:1:1 or 4:0:0 formatting.
Full USB audio interface (Class 1.0 compliance) incorporating a 16-Bit mono ADC for microphone usage with sampling rates of 8KHz, 16KHz and 24KHz.
Low voltage 2.5V (Core) and 3.3V (I/O) operation.
8-Bit 8051-compatible microcontroller, with embedded 512-byte RAM.
External system clock or independent crystal operation.
Down-sampling, Clamping and Windowing (DCW) functions.
YUV averaging and Y distribution with Y enhancement.
Defect compensation up to 8 pixels in YUV input.
The OV519 supports up to SVGA (800 x 600 pixels) resolution. Depending on the configuration, the complete camera power consumption is approximately 100 mA at 2.5 Volts. The chip is available in 12x12 (mm) 64pin TQFP or 16x16 (mm) 100 pin TQFP package. The 100 pin TQFP packaged version of the chip can support external memory to expand the buffer capabilities of the camera design and allow for storage of more images prior to transfer to the host.
The OV519 is available immediately for sampling. Initial volume pricing will be below $4.00 US.
About OmniVision
OmniVision Technologies, Inc. is an independent CameraChip solutions provider. Utilizing proprietary design technology for its highly integrated still-photo and video camera solutions for high-volume imaging applications, OmniVision integrates multiple image processing and capture functions into a single CameraChip design. With the addition of only a lens, the result is a low-cost CameraChip that consumes less power, has a greater environmental functioning range and has a smaller footprint than typical CMOS multi-chip image sensor solutions. OmniVision`s CameraChip solutions are in cell phones, personal digital assistants, automobiles and industrial machine vision applications, as well as surveillance and biometric security applications. OmniVision is based in Sunnyvale, California. For more information about the company, visit our Website at www.ovt.com.
Certain statements in this press release, including statements regarding the characteristics and functionality of the Company`s OV519 JPEG compression chip, the anticipated benefits which the OV519 JPEG compression chip will provide for camera manufacturers and customers and the initial pricing of the OV519 JPEG compression chip are forward looking statements that are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward looking statements and OmniVision`s results to differ materially, include, without limitation: potential errors, design flaws or other problems with the Company`s OV519 JPEG compression chip; customer acceptance and demand for the OV519 JPEG compression chip; the Company`s ability to successfully address the functionality of the OV519 JPEG compression chip, including its performance and reliability; the growth of the markets for the OV519 JPEG compression chip and the other risks detailed from time to time in OmniVision`s Securities and Exchange Commission filings and reports, including, but not limited to, OmniVision`s quarterly reports filed on form 10-Q. OmniVision disclaims any obligation to update information contained in any forward looking statement.
Note to Editors: OmniVision and CameraChip are trademarks of OmniVision Technologies, Inc. All other trade, product or service names referenced in this release may be trademarks or registered trademarks of their respective holders.
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc., Sunnyvale
Steve Rowley, 408/733-3030 ext. 104
press@ovt.com
--------------------------------------------------------------------------------
Source: OmniVision Technologies, Inc.
Mustek Selects OmniVision`s 1.3 and 2.0 Mega Pixel Digital CameraChips for Their Digital Still Cameras
Thursday November 14, 8:06 am ET
SAN JOSE, Calif.--(BUSINESS WIRE)-- November 14, 2002--OmniVision Technologies, Inc. (Nasdaq:OVTI - News), a market-leading independent supplier of CMOS CameraChip(TM) solutions for high-volume imaging applications, today announced it is providing 1.3 and 2.0 Mega Pixel CameraChips for Mustek branded award winning digital still cameras. OmniVision CameraChips will be used in over five separate digital cameras. Mustek brand cameras utilizing OmniVision CameraChips are expected in retail outlets in Europe and the US under the Mustek brand name in time for the holiday season.
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"OmniVision is very pleased to be supplying our high resolution CameraChips to Mustek," stated John Lynch, VP Sales and Marketing at OmniVision. "Mustek is a rapidly growing supplier of quality Digital Still Cameras, and we look forward to working closely with them as they work to expand their markets."
Launched in November of 2001, OmniVision`s OV9620 is a 1.3 million pixel resolution color CameraChip for digital still cameras and requires minimal power to produce keepsake quality prints. Similarly, the OV2610 was announced in June of 2002 and is a 2 million-pixel resolution CameraChip that is pin-for-pin compatible with the OV9620. Both CameraChips utilize a 1/2-inch lens format and operate on 3.3 volts. The combination of high resolution and low power consumption enables camera manufacturers to provide competitive resolution camera solutions with greater battery life than competing CCD based solutions.
Pricing and Availability
OmniVision`s OV9620 CameraChip is available in production volumes for below $10.00. The OV2610 is available in production volumes for below $13.00. Please contact OmniVision via e-mail at sales@ovt.com or by visiting our website at www.ovt.com.
About OmniVision
OmniVision Technologies, Inc. is an independent CameraChip solutions provider. Utilizing proprietary design technology for its highly integrated still-photo and video camera solutions for high-volume imaging applications, OmniVision integrates multiple image processing and capture functions into a single CameraChip design. With the addition of only a lens, the result is a low-cost CameraChip that consumes less power, has a greater environmental functioning range and has a smaller footprint than typical CMOS multi-chip image sensor solutions. OmniVision`s CameraChip solutions are in cell phones, personal digital assistants, automobiles and industrial machine vision applications, as well as surveillance and biometric security applications. OmniVision is based in Sunnyvale, California. For more information about the company, visit our Website at www.ovt.com.
Note to Editors: OmniVision and CameraChip are trademarks of OmniVision Technologies, Inc. All other trade, product or service names referenced in this release may be trademarks or registered trademarks of their respective holders.
Certain statements in this press release, including statements regarding the use of OmniVision`s CameraChips in Mustek brand cameras; the timing of the availability to retail outlets of Mustek cameras incorporating OmniVision`s CameraChips; the growth of Mustek`s business and markets and the characteristics, functionality and anticipated benefits of OmniVision`s OV9620 and OV2610 are forward looking statements that are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward looking statements and OmniVision`s results to differ materially, include, without limitation: potential errors, design flaws or other problems with the OV9620 and OV2610 or with Mustek`s digital cameras; continued good relations between OmniVision and Mustek; customer acceptance and demand for the OV9620 and OV2610 and Mustek`s digital cameras; the growth of the markets for Mustek`s digital cameras and customer demand for such products; the continued production, manufacturer and development of the OV9620 and OV2610 and Mustek`s digital cameras and the other risks detailed from time to time in OmniVision`s Securities and Exchange Commission filings and reports, including, but not limited to, OmniVision`s quarterly reports filed on form 10-Q. OmniVision disclaims any obligation to update information contained in any forward looking statement.
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
Steve Rowley, 408/733-3030 x104
press@ovt.com
--------------------------------------------------------------------------------
Source: OmniVision Technologies, Inc.
Thursday November 14, 8:06 am ET
SAN JOSE, Calif.--(BUSINESS WIRE)-- November 14, 2002--OmniVision Technologies, Inc. (Nasdaq:OVTI - News), a market-leading independent supplier of CMOS CameraChip(TM) solutions for high-volume imaging applications, today announced it is providing 1.3 and 2.0 Mega Pixel CameraChips for Mustek branded award winning digital still cameras. OmniVision CameraChips will be used in over five separate digital cameras. Mustek brand cameras utilizing OmniVision CameraChips are expected in retail outlets in Europe and the US under the Mustek brand name in time for the holiday season.
ADVERTISEMENT
"OmniVision is very pleased to be supplying our high resolution CameraChips to Mustek," stated John Lynch, VP Sales and Marketing at OmniVision. "Mustek is a rapidly growing supplier of quality Digital Still Cameras, and we look forward to working closely with them as they work to expand their markets."
Launched in November of 2001, OmniVision`s OV9620 is a 1.3 million pixel resolution color CameraChip for digital still cameras and requires minimal power to produce keepsake quality prints. Similarly, the OV2610 was announced in June of 2002 and is a 2 million-pixel resolution CameraChip that is pin-for-pin compatible with the OV9620. Both CameraChips utilize a 1/2-inch lens format and operate on 3.3 volts. The combination of high resolution and low power consumption enables camera manufacturers to provide competitive resolution camera solutions with greater battery life than competing CCD based solutions.
Pricing and Availability
OmniVision`s OV9620 CameraChip is available in production volumes for below $10.00. The OV2610 is available in production volumes for below $13.00. Please contact OmniVision via e-mail at sales@ovt.com or by visiting our website at www.ovt.com.
About OmniVision
OmniVision Technologies, Inc. is an independent CameraChip solutions provider. Utilizing proprietary design technology for its highly integrated still-photo and video camera solutions for high-volume imaging applications, OmniVision integrates multiple image processing and capture functions into a single CameraChip design. With the addition of only a lens, the result is a low-cost CameraChip that consumes less power, has a greater environmental functioning range and has a smaller footprint than typical CMOS multi-chip image sensor solutions. OmniVision`s CameraChip solutions are in cell phones, personal digital assistants, automobiles and industrial machine vision applications, as well as surveillance and biometric security applications. OmniVision is based in Sunnyvale, California. For more information about the company, visit our Website at www.ovt.com.
Note to Editors: OmniVision and CameraChip are trademarks of OmniVision Technologies, Inc. All other trade, product or service names referenced in this release may be trademarks or registered trademarks of their respective holders.
Certain statements in this press release, including statements regarding the use of OmniVision`s CameraChips in Mustek brand cameras; the timing of the availability to retail outlets of Mustek cameras incorporating OmniVision`s CameraChips; the growth of Mustek`s business and markets and the characteristics, functionality and anticipated benefits of OmniVision`s OV9620 and OV2610 are forward looking statements that are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward looking statements and OmniVision`s results to differ materially, include, without limitation: potential errors, design flaws or other problems with the OV9620 and OV2610 or with Mustek`s digital cameras; continued good relations between OmniVision and Mustek; customer acceptance and demand for the OV9620 and OV2610 and Mustek`s digital cameras; the growth of the markets for Mustek`s digital cameras and customer demand for such products; the continued production, manufacturer and development of the OV9620 and OV2610 and Mustek`s digital cameras and the other risks detailed from time to time in OmniVision`s Securities and Exchange Commission filings and reports, including, but not limited to, OmniVision`s quarterly reports filed on form 10-Q. OmniVision disclaims any obligation to update information contained in any forward looking statement.
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
Steve Rowley, 408/733-3030 x104
press@ovt.com
--------------------------------------------------------------------------------
Source: OmniVision Technologies, Inc.
OmniVision Provides CMOS CameraChips For Sony Ericsson Mobile Phone Cameras
Monday November 18, 4:39 pm ET
OmniVision OV7635 CameraChip Used in Latest Cell Phone Camera Offering
SAN JOSE, Calif.--(BUSINESS WIRE)--Nov. 18, 2002--OmniVision Technologies, Inc. (Nasdaq:OVTI - News), a market-leading independent supplier of CMOS CameraChip(TM) solutions for high-volume imaging applications, today announced they are providing VGA CameraChip solutions for Sony Ericsson`s clip on camera accessories.
"We see the cellular handset market as being a strong area of potential growth for us," stated John Lynch, VP Sales and Marketing at OmniVision. "Sony Ericsson is a leader in marketing camera technologies on cellular handsets, and we are very pleased to be providing a CameraChip solution to them."
OmniVision is currently providing its VGA resolution OV7635 as part of the solution. First released in March in 2002, OmniVision`s OV7635 is a color CameraChip designed specifically for mobile applications where low power draw and superior image quality are important. The CameraChip utilizes a 1/3-inch lens format and operates on 3.3 volts.
Pricing and Availability
OmniVision`s OV7635 CameraChip is currently available in production volumes for below $6.00 per CameraChip. Please contact OmniVision via e-mail at sales@ovt.com or by visiting their website at WWW.OVT.COM .
About OmniVision
OmniVision Technologies, Inc. is an independent CameraChip solutions provider. Utilizing proprietary design technology for its highly integrated still-photo and video camera solutions for high-volume imaging applications, OmniVision integrates multiple image processing and capture functions into a single CameraChip design. With the addition of only a lens, the result is a low-cost CameraChip that consumes less power, has a greater environmental functioning range and has a smaller footprint than typical CMOS multi-chip image sensor solutions. OmniVision`s CameraChip solutions are in cell phones, personal digital assistants, automobiles and industrial machine vision applications, as well as surveillance and biometric security applications. OmniVision is based in Sunnyvale, California. For more information about the company, visit our Website at www.ovt.com.
OmniVision and CameraChip are trademarks of OmniVision Technologies, Inc. All other trade, product or service names referenced in this release may be trademarks or registered trademarks of their respective holders.
Safe Harbor
Certain statements in this press release, including statements regarding the cellular handset market being an area of large potential growth for OmniVision are forward-looking statements that are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward-looking statements and OmniVision`s results to differ materially, include, without limitation: the growth of the cellular handset market; the growth of customer demand for OmniVision`s products and offerings in the cellular handset market; potential errors, design flaws or other problems with the Company`s VGA CameraChip solutions; continued good relations between OmniVision and Sony Ericsson; and the other risks detailed from time to time in OmniVision`s Securities and Exchange Commission filings and reports, including, but not limited to, OmniVision`s quarterly reports filed on form 10-Q. OmniVision disclaims any obligation to update information contained in any forward-looking statement.
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
Steve Rowley, 408/733-3030 x104
press@ovt.com
--------------------------------------------------------------------------------
Source: OmniVision Technologies, Inc.
Monday November 18, 4:39 pm ET
OmniVision OV7635 CameraChip Used in Latest Cell Phone Camera Offering
SAN JOSE, Calif.--(BUSINESS WIRE)--Nov. 18, 2002--OmniVision Technologies, Inc. (Nasdaq:OVTI - News), a market-leading independent supplier of CMOS CameraChip(TM) solutions for high-volume imaging applications, today announced they are providing VGA CameraChip solutions for Sony Ericsson`s clip on camera accessories.
"We see the cellular handset market as being a strong area of potential growth for us," stated John Lynch, VP Sales and Marketing at OmniVision. "Sony Ericsson is a leader in marketing camera technologies on cellular handsets, and we are very pleased to be providing a CameraChip solution to them."
OmniVision is currently providing its VGA resolution OV7635 as part of the solution. First released in March in 2002, OmniVision`s OV7635 is a color CameraChip designed specifically for mobile applications where low power draw and superior image quality are important. The CameraChip utilizes a 1/3-inch lens format and operates on 3.3 volts.
Pricing and Availability
OmniVision`s OV7635 CameraChip is currently available in production volumes for below $6.00 per CameraChip. Please contact OmniVision via e-mail at sales@ovt.com or by visiting their website at WWW.OVT.COM .
About OmniVision
OmniVision Technologies, Inc. is an independent CameraChip solutions provider. Utilizing proprietary design technology for its highly integrated still-photo and video camera solutions for high-volume imaging applications, OmniVision integrates multiple image processing and capture functions into a single CameraChip design. With the addition of only a lens, the result is a low-cost CameraChip that consumes less power, has a greater environmental functioning range and has a smaller footprint than typical CMOS multi-chip image sensor solutions. OmniVision`s CameraChip solutions are in cell phones, personal digital assistants, automobiles and industrial machine vision applications, as well as surveillance and biometric security applications. OmniVision is based in Sunnyvale, California. For more information about the company, visit our Website at www.ovt.com.
OmniVision and CameraChip are trademarks of OmniVision Technologies, Inc. All other trade, product or service names referenced in this release may be trademarks or registered trademarks of their respective holders.
Safe Harbor
Certain statements in this press release, including statements regarding the cellular handset market being an area of large potential growth for OmniVision are forward-looking statements that are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward-looking statements and OmniVision`s results to differ materially, include, without limitation: the growth of the cellular handset market; the growth of customer demand for OmniVision`s products and offerings in the cellular handset market; potential errors, design flaws or other problems with the Company`s VGA CameraChip solutions; continued good relations between OmniVision and Sony Ericsson; and the other risks detailed from time to time in OmniVision`s Securities and Exchange Commission filings and reports, including, but not limited to, OmniVision`s quarterly reports filed on form 10-Q. OmniVision disclaims any obligation to update information contained in any forward-looking statement.
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
Steve Rowley, 408/733-3030 x104
press@ovt.com
--------------------------------------------------------------------------------
Source: OmniVision Technologies, Inc.
OmniVision Reports Record Revenues and Net Income for Second-Quarter Fiscal 2003
Wednesday November 20, 4:05 pm ET
SUNNYVALE, Calif.--(BUSINESS WIRE)--Nov. 20, 2002--OmniVision Technologies, Inc. (Nasdaq:OVTI - News) reported that for the three months ended October 31, 2002, it earned a record $3.0 million, or $0.12 per diluted share, on record revenues of $21.7 million. OmniVision`s current fiscal year ends April 30, 2003.
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In the comparable period a year ago, the Company reported a net loss of $3.7 million, including a one-time charge of $3.5 million pursuant to settlement of a patent dispute. The loss for the three-month period ended October 31, 2001 was $0.17 per share, on revenues of $12.3 million. Absent the one-time charge, the loss for the three months ended October 31, 2001 would have been approximately $200,000, a loss of $0.01 per share. For the three months ended July 31, 2002, the first quarter of its current fiscal year, OmniVision reported net income of $1.6 million, or $0.07 per diluted share, on revenues of $16.8 million. Prior to today`s announcement, the highest quarterly revenues and net income reported by the Company were $18.4 million and $2.1 million, respectively, both in the three months ended October 31, 2001.
For the three months ended October 31, 2002, gross profit was $8.7 million, or 39.9% of revenues, including approximately $957,000 from the sale of previously written-off inventory. This compares to a gross profit of $6.5 million, or 38.8% of revenues, in the immediately preceding quarter ended July 31, 2002, which included approximately $795,000 from the sale of previously written-off inventory. Gross profit in the three months ended October 31, 2001 was $4.7 million, or 38.1% of revenues, including approximately $463,000 from the sale of previously written-off inventory.
Absent sales of previously written-off inventory, gross margins would have been 37.2% in the three months ended October 31, 2002, compared to 35.8% in the three months ended July 31, 2002, and 34.3% in the three months ended October 31, 2001. Excluding the benefit from the sale of previously written-off product, net income for the three months ended October 31, 2002, would have been approximately $2.2 million, or $0.09 per diluted share.
"In addition to achieving record revenues during the quarter," said Shaw Hong, OmniVision`s president and CEO, "in September we shipped our twenty-millionth image sensor product -- a testament to the technology underlying our single-chip CMOS image sensors and our success in penetrating a market that continues to show potential for growth. Both our 1.3 and 2 mega-pixel chips are now appearing in more than a dozen brands of digital still cameras, including Polaroid, Concord, Aiptek, and BenQ."
Distributors accounted for 41% of revenues for the three months ended October 31, 2002, with the balance of 59% coming from direct sales to original equipment manufacturers and value added resellers.
Research and development expenses were $2.5 million for the three months ended October 31, 2002, or 11% of revenues, compared to $2.6 million, or 16% of revenues, in the three months ended July 31, 2002. Selling, marketing, general and administrative expenses were $2.7 million, or 12% of revenues, compared to $2.1 million, or 12% of revenues, in the three months ended July 31, 2002.
As of October 31, 2002, the Company had $53.4 million in cash and short-term investments, $68.8 million in working capital, no debt, and stockholders` equity of $77.7 million.
For the quarter ending January 31, 2003, the Company currently expects to report earnings in a range of $0.09 to $0.11 per diluted share, on revenues of $21 million to $23 million. These expectations do not presume the sale of any previously written-off inventory.
About OmniVision
OmniVision Technologies is a supplier of highly integrated semiconductor imaging devices for high-volume, low-cost computing, communications and consumer electronics applications. With its small footprint and low power consumption, the Company`s proprietary highly integrated CameraChip(TM) enjoys significant competitive advantages over CCD image sensors and other multi-chip CMOS solutions. Single-photo and video applications include cameras for cell phones, PDAs, motor vehicles, digital still cameras, commercial and residential surveillance, toys and games, and biometric identification. Further information is available at www.ovt.com.
OmniVision and CameraChip(TM) are trademarks of OmniVision Technologies, Inc.
Safe Harbor
Certain statements in this press release, including statements relating to the Company`s expectations regarding revenues and earnings for the quarter ended January 31, 2003 and the potential for continued growth in the markets for the Company`s products are forward-looking statements that are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward-looking statements and OmniVision`s results to differ materially, include, without limitation: the degree to which intense competition might affect the Company`s ability to compete successfully in its current markets and in emerging markets; the failure to obtain design wins from camera and cell phone manufacturers, which could inhibit the Company`s ability to diversify its customer base; problems with wafer manufacturing yields, which could result in higher operating costs and adversely affect the Company`s revenues and earnings; any delay in the introduction, manufacture and development of new products, which could adversely affect the Company`s revenues, earnings and gross margins as well as its strategy to diversify its customer base; the Company`s dependence upon a few key customers, which could adversely affect its revenues and earnings; a decline in the average selling price of the Company`s products, which could result in a decline in its gross margins; the failure of demand for the Company`s products in current markets and emerging markets to meet the Company`s expectations, which could result in lower revenues and earnings and the other risks detailed from time to time in OmniVision`s Securities and Exchange Commission filings and reports, including, but not limited to, OmniVision`s quarterly reports filed on form 10-Q. OmniVision disclaims any obligation to update information contained in any forward-looking statement.
OMNIVISION TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
(unaudited)
October 31, April 30,
2002 2002
ASSETS
Current assets:
Cash and cash equivalents $51,398 $55,803
Short-term investments 2,000 2,002
Accounts receivable, net 15,111 10,787
Inventories 11,905 3,244
Refundable and deferred income taxes 2,984 3,066
Prepaid expenses and other assets 2,422 987
Total current assets 85,820 75,889
Property, plant and equipment, net 8,529 6,164
Other non-current assets 345 288
Total assets $94,694 $82,341
LIABILITIES AND STOCKHOLDERS` EQUITY
Current liabilities:
Accounts payable $11,761 $5,865
Accrued expenses and other liabilities 4,302 4,306
Deferred revenue 926 651
Total current liabilities 16,989 10,822
Stockholders` equity:
Common stock, $0.001 par value; 100,000
shares authorized; 22,582 and 22,094
shares issued and outstanding 23 22
Additional paid-in capital 96,835 95,469
Deferred compensation related to stock
options (297) (479)
Accumulated deficit (18,856) (23,493)
Total stockholders` equity 77,705 71,519
Total liabilities and stockholders`
equity $94,694 $82,341
OMNIVISION TECHNOLOGIES, INC.
CONDENSED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
(Unaudited)
Three Months Six Months
Ended Ended
October October October October
31, 31, 31, 31,
2002 2001 2002 2001
Revenues $21,743 $12,265 $38,533 $23,426
Cost of revenues 13,063 7,591 23,337 13,724
Gross profit 8,680 4,674 15,196 9,702
Operating expenses:
Research and development 2,489 1,798 5,119 3,486
Selling, general and
administrative 2,710 3,384 4,790 6,623
Stock compensation charge 150 167 264 325
Litigation settlement -- 3,500 -- 3,500
Total operating expenses 5,349 8,849 10,173 13,934
Income from operations 3,331 (4,175) 5,023 (4,232)
Interest income (expense), net 216 454 432 1,021
Income before income taxes 3,547 (3,721) 5,455 (3,211)
Provision for income taxes 532 -- 818 --
Net income (loss) $3,015 $(3,721) $4,637 $(3,211)
Net income (loss) per share:
Basic $0.13 $(0.17) $0.21 $(0.15)
Diluted $0.12 $(0.17) $0.19 $(0.15)
Shares used in computing net income
per share:
Basic 22,438 21,795 22,348 21,738
Diluted 24,441 21,795 24,955 21,738
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc., Sunnyvale
H. Gene McCown, 408/733-3030
408/733-3061 (Fax)
or
Silverman Heller Associates
Philip Bourdillon / Gene Heller, 310/208-2550
--------------------------------------------------------------------------------
Source: OmniVision Technologies, Inc.
Wednesday November 20, 4:05 pm ET
SUNNYVALE, Calif.--(BUSINESS WIRE)--Nov. 20, 2002--OmniVision Technologies, Inc. (Nasdaq:OVTI - News) reported that for the three months ended October 31, 2002, it earned a record $3.0 million, or $0.12 per diluted share, on record revenues of $21.7 million. OmniVision`s current fiscal year ends April 30, 2003.
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In the comparable period a year ago, the Company reported a net loss of $3.7 million, including a one-time charge of $3.5 million pursuant to settlement of a patent dispute. The loss for the three-month period ended October 31, 2001 was $0.17 per share, on revenues of $12.3 million. Absent the one-time charge, the loss for the three months ended October 31, 2001 would have been approximately $200,000, a loss of $0.01 per share. For the three months ended July 31, 2002, the first quarter of its current fiscal year, OmniVision reported net income of $1.6 million, or $0.07 per diluted share, on revenues of $16.8 million. Prior to today`s announcement, the highest quarterly revenues and net income reported by the Company were $18.4 million and $2.1 million, respectively, both in the three months ended October 31, 2001.
For the three months ended October 31, 2002, gross profit was $8.7 million, or 39.9% of revenues, including approximately $957,000 from the sale of previously written-off inventory. This compares to a gross profit of $6.5 million, or 38.8% of revenues, in the immediately preceding quarter ended July 31, 2002, which included approximately $795,000 from the sale of previously written-off inventory. Gross profit in the three months ended October 31, 2001 was $4.7 million, or 38.1% of revenues, including approximately $463,000 from the sale of previously written-off inventory.
Absent sales of previously written-off inventory, gross margins would have been 37.2% in the three months ended October 31, 2002, compared to 35.8% in the three months ended July 31, 2002, and 34.3% in the three months ended October 31, 2001. Excluding the benefit from the sale of previously written-off product, net income for the three months ended October 31, 2002, would have been approximately $2.2 million, or $0.09 per diluted share.
"In addition to achieving record revenues during the quarter," said Shaw Hong, OmniVision`s president and CEO, "in September we shipped our twenty-millionth image sensor product -- a testament to the technology underlying our single-chip CMOS image sensors and our success in penetrating a market that continues to show potential for growth. Both our 1.3 and 2 mega-pixel chips are now appearing in more than a dozen brands of digital still cameras, including Polaroid, Concord, Aiptek, and BenQ."
Distributors accounted for 41% of revenues for the three months ended October 31, 2002, with the balance of 59% coming from direct sales to original equipment manufacturers and value added resellers.
Research and development expenses were $2.5 million for the three months ended October 31, 2002, or 11% of revenues, compared to $2.6 million, or 16% of revenues, in the three months ended July 31, 2002. Selling, marketing, general and administrative expenses were $2.7 million, or 12% of revenues, compared to $2.1 million, or 12% of revenues, in the three months ended July 31, 2002.
As of October 31, 2002, the Company had $53.4 million in cash and short-term investments, $68.8 million in working capital, no debt, and stockholders` equity of $77.7 million.
For the quarter ending January 31, 2003, the Company currently expects to report earnings in a range of $0.09 to $0.11 per diluted share, on revenues of $21 million to $23 million. These expectations do not presume the sale of any previously written-off inventory.
About OmniVision
OmniVision Technologies is a supplier of highly integrated semiconductor imaging devices for high-volume, low-cost computing, communications and consumer electronics applications. With its small footprint and low power consumption, the Company`s proprietary highly integrated CameraChip(TM) enjoys significant competitive advantages over CCD image sensors and other multi-chip CMOS solutions. Single-photo and video applications include cameras for cell phones, PDAs, motor vehicles, digital still cameras, commercial and residential surveillance, toys and games, and biometric identification. Further information is available at www.ovt.com.
OmniVision and CameraChip(TM) are trademarks of OmniVision Technologies, Inc.
Safe Harbor
Certain statements in this press release, including statements relating to the Company`s expectations regarding revenues and earnings for the quarter ended January 31, 2003 and the potential for continued growth in the markets for the Company`s products are forward-looking statements that are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward-looking statements and OmniVision`s results to differ materially, include, without limitation: the degree to which intense competition might affect the Company`s ability to compete successfully in its current markets and in emerging markets; the failure to obtain design wins from camera and cell phone manufacturers, which could inhibit the Company`s ability to diversify its customer base; problems with wafer manufacturing yields, which could result in higher operating costs and adversely affect the Company`s revenues and earnings; any delay in the introduction, manufacture and development of new products, which could adversely affect the Company`s revenues, earnings and gross margins as well as its strategy to diversify its customer base; the Company`s dependence upon a few key customers, which could adversely affect its revenues and earnings; a decline in the average selling price of the Company`s products, which could result in a decline in its gross margins; the failure of demand for the Company`s products in current markets and emerging markets to meet the Company`s expectations, which could result in lower revenues and earnings and the other risks detailed from time to time in OmniVision`s Securities and Exchange Commission filings and reports, including, but not limited to, OmniVision`s quarterly reports filed on form 10-Q. OmniVision disclaims any obligation to update information contained in any forward-looking statement.
OMNIVISION TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
(unaudited)
October 31, April 30,
2002 2002
ASSETS
Current assets:
Cash and cash equivalents $51,398 $55,803
Short-term investments 2,000 2,002
Accounts receivable, net 15,111 10,787
Inventories 11,905 3,244
Refundable and deferred income taxes 2,984 3,066
Prepaid expenses and other assets 2,422 987
Total current assets 85,820 75,889
Property, plant and equipment, net 8,529 6,164
Other non-current assets 345 288
Total assets $94,694 $82,341
LIABILITIES AND STOCKHOLDERS` EQUITY
Current liabilities:
Accounts payable $11,761 $5,865
Accrued expenses and other liabilities 4,302 4,306
Deferred revenue 926 651
Total current liabilities 16,989 10,822
Stockholders` equity:
Common stock, $0.001 par value; 100,000
shares authorized; 22,582 and 22,094
shares issued and outstanding 23 22
Additional paid-in capital 96,835 95,469
Deferred compensation related to stock
options (297) (479)
Accumulated deficit (18,856) (23,493)
Total stockholders` equity 77,705 71,519
Total liabilities and stockholders`
equity $94,694 $82,341
OMNIVISION TECHNOLOGIES, INC.
CONDENSED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
(Unaudited)
Three Months Six Months
Ended Ended
October October October October
31, 31, 31, 31,
2002 2001 2002 2001
Revenues $21,743 $12,265 $38,533 $23,426
Cost of revenues 13,063 7,591 23,337 13,724
Gross profit 8,680 4,674 15,196 9,702
Operating expenses:
Research and development 2,489 1,798 5,119 3,486
Selling, general and
administrative 2,710 3,384 4,790 6,623
Stock compensation charge 150 167 264 325
Litigation settlement -- 3,500 -- 3,500
Total operating expenses 5,349 8,849 10,173 13,934
Income from operations 3,331 (4,175) 5,023 (4,232)
Interest income (expense), net 216 454 432 1,021
Income before income taxes 3,547 (3,721) 5,455 (3,211)
Provision for income taxes 532 -- 818 --
Net income (loss) $3,015 $(3,721) $4,637 $(3,211)
Net income (loss) per share:
Basic $0.13 $(0.17) $0.21 $(0.15)
Diluted $0.12 $(0.17) $0.19 $(0.15)
Shares used in computing net income
per share:
Basic 22,438 21,795 22,348 21,738
Diluted 24,441 21,795 24,955 21,738
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc., Sunnyvale
H. Gene McCown, 408/733-3030
408/733-3061 (Fax)
or
Silverman Heller Associates
Philip Bourdillon / Gene Heller, 310/208-2550
--------------------------------------------------------------------------------
Source: OmniVision Technologies, Inc.
:15PM OmniVision tops estimates (OVTI) 12.48 -0.09: Reports Q2 (Oct) earnings of $0.09 per share, $0.02 better than the Multex consensus of $0.07; revenues rose 77.2% year/year to $21.7 mln vs the $18.4 mln consensus; note that earnings exclude a benefit from the sale of previously written-off product, including that benefit earnings would have been $0.12 per share -- $0.09 per share is the more conservative view versus consensus; currently expects to report Q3 earnings in a range of $0.09 to $0.11 per diluted share, on revenues of $21 million to $23 million -- Multex consensus estimates are $0.08 per share and $20.2 million respectively.
+37%!!!
9:07AM Gapping Up/Down : Gapping up: OVTI +21% (tops estimates, raises guidance), JDEC +18.5% (First Albany upgrade), HPQ +9% (investors applaud qtr, guidance), GE +3.5% (negative guidance, charge anticipated by market), MRK +3% (positive trial results), BRKS +2.5% (advances post-earnings)... Gapping down: PDCO -6.5% and DEBS -4% (lower on disappointing earnings), PPG -5% (lowers guidance), TYC -2.5% (reports of convertible offering).
http://yahoo.businessweek.com/investor/content/nov2002/pi200…
NOVEMBER 21, 2002 12:28 PM
MARKET MOVERS
Omnivision Tech Reurns to Profit
H-P climbs as earnings beat estimates; Patterson Dental drops; plus more of today`s stocks in the news
Omnivision Technology (OVTI ) posted 12 second quarter earnings per share vs. a penny per share loss (excluding a charge) on a 76% revenue rise. Omnivision sees nine cents to 11 cents third quarter earnings per share on revenues of $21 million to $23 million.
NOVEMBER 21, 2002 12:28 PM
MARKET MOVERS
Omnivision Tech Reurns to Profit
H-P climbs as earnings beat estimates; Patterson Dental drops; plus more of today`s stocks in the news
Omnivision Technology (OVTI ) posted 12 second quarter earnings per share vs. a penny per share loss (excluding a charge) on a 76% revenue rise. Omnivision sees nine cents to 11 cents third quarter earnings per share on revenues of $21 million to $23 million.
OmniVision Provides Camera Technologies to Motorola
Monday November 25, 4:05 pm ET
SUNNYVALE, Calif.--(BUSINESS WIRE)--Nov. 25, 2002--OmniVision Technologies, Inc. (Nasdaq:OVTI - News), a market-leading independent supplier of CMOS CameraChip(TM) solutions for high-volume imaging applications, today announced it is supplying custom VGA CameraChip(TM) modules in high volumes to Motorola PCS through Asian contract manufacturers for their cell phone camera accessories. The custom CameraChip modules are based on OmniVision`s previously announced OV7635FB CameraChip modules.
"This is a significant design win for OmniVision," stated John Lynch, VP Sales and Marketing at OmniVision. "The interest in camera technologies for mobile handsets is growing significantly beyond Asia, and a design win with a technology and market leader like Motorola provides strong momentum for OmniVision going forward."
Launched in November of 2001, OmniVision`s OV7635FB is a 640X480 VGA resolution color CameraChip Module for digital still CameraPhones and accessories. The OV7635FB CameraChip module utilizes a 1/4-inch lens format and operates on 3.3 volts. The combination of small size, high quality and low power consumption enables cell Phone manufacturers to provide customers excellent quality and greater battery life than competing CCD or other CMOS based solutions.
Pricing and Availability
OmniVision`s OV7635FB CameraChip is available in production volumes for below $10.00. Please contact OmniVision via e-mail at sales@ovt.com or by visiting our website at www.ovt.com.
About OmniVision
OmniVision Technologies, Inc. is an independent CameraChip solutions provider. Utilizing proprietary design technology for its highly integrated still-photo and video camera solutions for high-volume imaging applications, OmniVision integrates multiple image processing and capture functions into a single CameraChip design. With the addition of only a lens, the result is a low-cost CameraChip that consumes less power, has a greater environmental functioning range and has a smaller footprint than typical CMOS multi-chip image sensor solutions. OmniVision`s CameraChip solutions are in cell phones, digital still cameras, toys, video and computer games, personal digital assistants, automobiles and industrial machine vision applications, as well as surveillance and biometric security applications. OmniVision is based in Sunnyvale, California. For more information about the company, visit our Website at www.ovt.com.
OmniVision and CameraChip are trademarks of OmniVision Technologies, Inc. All other trade, product or service names referenced in this release may be trademarks or registered trademarks of their respective holders.
Safe Harbor
Certain statements in this press release, including statements regarding the growing demand for camera technologies in mobile handsets and the characteristics, potential benefits and functionalities of OmniVision`s OV7635FP are forward looking statements that are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward looking statements and OmniVision`s results to differ materially, include, without limitation: continued good relations between OmniVision and Motorola; potential errors, design flaws or other problems with the OV7635FP; the continued production, manufacturer and development of the OV7635FP; the continued demand for camera technologies in mobile handsets in geographic areas outside of Asia and the other risks detailed from time to time in OmniVision`s Securities and Exchange Commission filings and reports, including, but not limited to, OmniVision`s quarterly reports filed on form 10-Q. OmniVision disclaims any obligation to update information contained in any forward looking statement.
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
Steve Rowley, 408/733-3030 ext. 104
press@ovt.com
--------------------------------------------------------------------------------
Source: OmniVision Technologies, Inc.
Monday November 25, 4:05 pm ET
SUNNYVALE, Calif.--(BUSINESS WIRE)--Nov. 25, 2002--OmniVision Technologies, Inc. (Nasdaq:OVTI - News), a market-leading independent supplier of CMOS CameraChip(TM) solutions for high-volume imaging applications, today announced it is supplying custom VGA CameraChip(TM) modules in high volumes to Motorola PCS through Asian contract manufacturers for their cell phone camera accessories. The custom CameraChip modules are based on OmniVision`s previously announced OV7635FB CameraChip modules.
"This is a significant design win for OmniVision," stated John Lynch, VP Sales and Marketing at OmniVision. "The interest in camera technologies for mobile handsets is growing significantly beyond Asia, and a design win with a technology and market leader like Motorola provides strong momentum for OmniVision going forward."
Launched in November of 2001, OmniVision`s OV7635FB is a 640X480 VGA resolution color CameraChip Module for digital still CameraPhones and accessories. The OV7635FB CameraChip module utilizes a 1/4-inch lens format and operates on 3.3 volts. The combination of small size, high quality and low power consumption enables cell Phone manufacturers to provide customers excellent quality and greater battery life than competing CCD or other CMOS based solutions.
Pricing and Availability
OmniVision`s OV7635FB CameraChip is available in production volumes for below $10.00. Please contact OmniVision via e-mail at sales@ovt.com or by visiting our website at www.ovt.com.
About OmniVision
OmniVision Technologies, Inc. is an independent CameraChip solutions provider. Utilizing proprietary design technology for its highly integrated still-photo and video camera solutions for high-volume imaging applications, OmniVision integrates multiple image processing and capture functions into a single CameraChip design. With the addition of only a lens, the result is a low-cost CameraChip that consumes less power, has a greater environmental functioning range and has a smaller footprint than typical CMOS multi-chip image sensor solutions. OmniVision`s CameraChip solutions are in cell phones, digital still cameras, toys, video and computer games, personal digital assistants, automobiles and industrial machine vision applications, as well as surveillance and biometric security applications. OmniVision is based in Sunnyvale, California. For more information about the company, visit our Website at www.ovt.com.
OmniVision and CameraChip are trademarks of OmniVision Technologies, Inc. All other trade, product or service names referenced in this release may be trademarks or registered trademarks of their respective holders.
Safe Harbor
Certain statements in this press release, including statements regarding the growing demand for camera technologies in mobile handsets and the characteristics, potential benefits and functionalities of OmniVision`s OV7635FP are forward looking statements that are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward looking statements and OmniVision`s results to differ materially, include, without limitation: continued good relations between OmniVision and Motorola; potential errors, design flaws or other problems with the OV7635FP; the continued production, manufacturer and development of the OV7635FP; the continued demand for camera technologies in mobile handsets in geographic areas outside of Asia and the other risks detailed from time to time in OmniVision`s Securities and Exchange Commission filings and reports, including, but not limited to, OmniVision`s quarterly reports filed on form 10-Q. OmniVision disclaims any obligation to update information contained in any forward looking statement.
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
Steve Rowley, 408/733-3030 ext. 104
press@ovt.com
--------------------------------------------------------------------------------
Source: OmniVision Technologies, Inc.
A Wild Ride
Tuesday November 26, 7:35 pm ET
By Monica Rivituso
This article was originally published on SmartMoney Select on 11/21/02.
IF THE STOCK MARKET were an amusement park, then the semiconductor sector would surely be the giant roller coaster — the kind that carts investors up to incredible heights, teeters precariously at the top then plunges straight down at perilous speeds. OK, maybe we`re exaggerating a little. But only a little.
ADVERTISEMENT
For more than two years now, chip companies have withered amid sagging PC, cell-phone and telecom-equipment sales — and these stocks have reflected that pain. The benchmark Philadelphia Semiconductor Index, after more than doubling in 1999, dropped 18% in 2000 and another 9.4% in 2001. This year, it was down nearly 60% at one point, and now stands 35% lower year-to-date, at 338.08. Safety stocks these are not.
But as with nausea-inducing park rides, many people find it difficult to stay away from the semiconductor sector for too long. Indeed, in the past six weeks, chip stocks have staged an impressive rally, with the SOX rising 70% since hitting its year-to-date low Oct. 9.
Oh, there was no logical reason for the bounce. During that span, hopes for a seasonal sales boost dimmed substantially, Intel (NASDAQ:INTC - News) reported a lackluster third quarter, and companies such as Advanced Micro Devices (NYSE:AMD - News) announced substantial layoffs. So it`s not that business fundamentals improved dramatically. Rather, history has shown that when this sector moves, it moves. That`s why investors, not wanting to miss the rally, flock to these stocks.
The question is, can this coaster car climb higher, or is it headed for another stomach-in-the-throat drop?
Market watchers have issued a flurry of forecasts in recent weeks, with 2003 world-wide sales estimates ranging from a 12% to 26% increase. That would be a refreshing change from this year`s expected flat performance, or last year`s 32% plunge. Jim Feldhan, president of chip-market research firm Semico Research, is the most optimistic, forecasting 26% growth. As corporate profits improve, he says, information-technology spending should increase. Companies are due to replace PCs purchased in 1999 ahead of Y2K. The new, silicon-rich cell phones that are hitting the market should also help matters. And the inventory glut that`s plagued this industry has been worked down to the point where there`s very little extra product in the pipeline. That adds up to solid growth.
But Feldhan`s 26% growth projection is far above the well-respected Gartner Group`s call for 12.1% growth, and is even greater than the ever-optimistic Semiconductor Industry Association`s prediction for 19.8% growth. Why should we buy it?
"That 12% to 17% range [where other forecasts fall] is what I always view as no-man`s land," says Feldhan. "The industry has never grown at that rate. Only once in 35 years has it grown in the midteens. So, probability would tell you that that`s not going to happen."
This is how Feldhan sees the upturn playing out: As end markets show moderate increases next year, the chip industry will start to accelerate. That will stabilize prices and increase lead times. Original-equipment manufacturers, nervous that they won`t be able to secure the chips they need, will start placing orders and building inventory. It`s that kind of virtuous cycle that could easily push industry growth rates into the mid-20s, according to Feldhan.
But many others just don`t see that kind of growth on the horizon. "Overall, I don`t think we can get much more than 15% growth next year," says Brian Matas, vice president of market research at IC Insights. He says he`s hearing plenty of cautiousness from chip suppliers. Not only does he expect a weak first half next year (as many industry watchers do), but he isn`t hearing much optimism about the back half of 2003, either. As for a potential PC-replacement cycle, Matas isn`t counting on it. Pink slips are still being handed out at a fairly brisk pace, he says, so the chances of companies plowing money into new equipment are slim.
Morningstar semiconductor analyst Jeremy Lopez is even more skeptical: "There`s nothing really, fundamentally speaking, for me to look forward to [in 2003]," he says. Maybe toward the end of next year the industry might improve, "but how much do you want to stick your neck out?"
It`s the age-old question of risk vs. reward. The upturn will come at some point, but its intensity and timing are still murky — making investing in these stocks all the more risky. Currently, the chip sector trades at a lofty average price-to-earnings ratio of 83.8 (using this year`s consensus estimates), according to Zacks Investment Research. The picture doesn`t improve much from a price-to-earnings-growth, or PEG, perspective, either — chips carry a hefty average PEG of 4.1, according to Zacks, more than double that of the Dow Jones Industrials. Before this latest run-up, many chip stocks were looking attractive despite lackluster business conditions, says Needham & Co. analyst Dan Scovel. But business fundamentals probably can`t support this latest rally, he says, noting that the stocks have simply "come too high, too fast."
"In my opinion, the sector in general is in risk of correction here."
That could make for a sickening ride for investors. Then again, a sell-off could create a more attractive entry point for many stocks. What are some names worth keeping an eye on? Morningstar`s Lopez favors companies with solid fundamentals, including Linear Technology (NASDAQ:LLTC - News), Maxim Integrated Products (NASDAQ:MXIM - News), Analog Devices (NYSE:ADI - News) and Texas Instruments (NYSE:TXN - News). (Lopez doesn`t own any of these stocks; Morningstar doesn`t engage in investment banking.) While valuation currently remains an issue for these companies, Lopez remains comfortable with their core businesses.
Scovel recommends investors watch a basketful of chip makers that play into the demand for consumer-electronics products, including Zoran (NASDAQ:ZRAN - News), Monolithic System Technology (NASDAQ:MOSY - News), O2Micro International (NASDAQ:OIIM - News) and OmniVision Technologies (NASDAQ:OVTI - News). But investors need to choose their entry points wisely: OmniVision rose nearly 29% on Thursday after it topped second-quarter expectations. (Scovel doesn`t own any of the above-mentioned stocks. Needham makes a market in some of these stocks, has investment-banking relationships with some companies and intends to pursue others as banking clients.)
Until valuations fall back, investors would be wise not to reach too far for chip stocks. In amusement-park parlance: Keep your arms and legs in the car at all times.
Tuesday November 26, 7:35 pm ET
By Monica Rivituso
This article was originally published on SmartMoney Select on 11/21/02.
IF THE STOCK MARKET were an amusement park, then the semiconductor sector would surely be the giant roller coaster — the kind that carts investors up to incredible heights, teeters precariously at the top then plunges straight down at perilous speeds. OK, maybe we`re exaggerating a little. But only a little.
ADVERTISEMENT
For more than two years now, chip companies have withered amid sagging PC, cell-phone and telecom-equipment sales — and these stocks have reflected that pain. The benchmark Philadelphia Semiconductor Index, after more than doubling in 1999, dropped 18% in 2000 and another 9.4% in 2001. This year, it was down nearly 60% at one point, and now stands 35% lower year-to-date, at 338.08. Safety stocks these are not.
But as with nausea-inducing park rides, many people find it difficult to stay away from the semiconductor sector for too long. Indeed, in the past six weeks, chip stocks have staged an impressive rally, with the SOX rising 70% since hitting its year-to-date low Oct. 9.
Oh, there was no logical reason for the bounce. During that span, hopes for a seasonal sales boost dimmed substantially, Intel (NASDAQ:INTC - News) reported a lackluster third quarter, and companies such as Advanced Micro Devices (NYSE:AMD - News) announced substantial layoffs. So it`s not that business fundamentals improved dramatically. Rather, history has shown that when this sector moves, it moves. That`s why investors, not wanting to miss the rally, flock to these stocks.
The question is, can this coaster car climb higher, or is it headed for another stomach-in-the-throat drop?
Market watchers have issued a flurry of forecasts in recent weeks, with 2003 world-wide sales estimates ranging from a 12% to 26% increase. That would be a refreshing change from this year`s expected flat performance, or last year`s 32% plunge. Jim Feldhan, president of chip-market research firm Semico Research, is the most optimistic, forecasting 26% growth. As corporate profits improve, he says, information-technology spending should increase. Companies are due to replace PCs purchased in 1999 ahead of Y2K. The new, silicon-rich cell phones that are hitting the market should also help matters. And the inventory glut that`s plagued this industry has been worked down to the point where there`s very little extra product in the pipeline. That adds up to solid growth.
But Feldhan`s 26% growth projection is far above the well-respected Gartner Group`s call for 12.1% growth, and is even greater than the ever-optimistic Semiconductor Industry Association`s prediction for 19.8% growth. Why should we buy it?
"That 12% to 17% range [where other forecasts fall] is what I always view as no-man`s land," says Feldhan. "The industry has never grown at that rate. Only once in 35 years has it grown in the midteens. So, probability would tell you that that`s not going to happen."
This is how Feldhan sees the upturn playing out: As end markets show moderate increases next year, the chip industry will start to accelerate. That will stabilize prices and increase lead times. Original-equipment manufacturers, nervous that they won`t be able to secure the chips they need, will start placing orders and building inventory. It`s that kind of virtuous cycle that could easily push industry growth rates into the mid-20s, according to Feldhan.
But many others just don`t see that kind of growth on the horizon. "Overall, I don`t think we can get much more than 15% growth next year," says Brian Matas, vice president of market research at IC Insights. He says he`s hearing plenty of cautiousness from chip suppliers. Not only does he expect a weak first half next year (as many industry watchers do), but he isn`t hearing much optimism about the back half of 2003, either. As for a potential PC-replacement cycle, Matas isn`t counting on it. Pink slips are still being handed out at a fairly brisk pace, he says, so the chances of companies plowing money into new equipment are slim.
Morningstar semiconductor analyst Jeremy Lopez is even more skeptical: "There`s nothing really, fundamentally speaking, for me to look forward to [in 2003]," he says. Maybe toward the end of next year the industry might improve, "but how much do you want to stick your neck out?"
It`s the age-old question of risk vs. reward. The upturn will come at some point, but its intensity and timing are still murky — making investing in these stocks all the more risky. Currently, the chip sector trades at a lofty average price-to-earnings ratio of 83.8 (using this year`s consensus estimates), according to Zacks Investment Research. The picture doesn`t improve much from a price-to-earnings-growth, or PEG, perspective, either — chips carry a hefty average PEG of 4.1, according to Zacks, more than double that of the Dow Jones Industrials. Before this latest run-up, many chip stocks were looking attractive despite lackluster business conditions, says Needham & Co. analyst Dan Scovel. But business fundamentals probably can`t support this latest rally, he says, noting that the stocks have simply "come too high, too fast."
"In my opinion, the sector in general is in risk of correction here."
That could make for a sickening ride for investors. Then again, a sell-off could create a more attractive entry point for many stocks. What are some names worth keeping an eye on? Morningstar`s Lopez favors companies with solid fundamentals, including Linear Technology (NASDAQ:LLTC - News), Maxim Integrated Products (NASDAQ:MXIM - News), Analog Devices (NYSE:ADI - News) and Texas Instruments (NYSE:TXN - News). (Lopez doesn`t own any of these stocks; Morningstar doesn`t engage in investment banking.) While valuation currently remains an issue for these companies, Lopez remains comfortable with their core businesses.
Scovel recommends investors watch a basketful of chip makers that play into the demand for consumer-electronics products, including Zoran (NASDAQ:ZRAN - News), Monolithic System Technology (NASDAQ:MOSY - News), O2Micro International (NASDAQ:OIIM - News) and OmniVision Technologies (NASDAQ:OVTI - News). But investors need to choose their entry points wisely: OmniVision rose nearly 29% on Thursday after it topped second-quarter expectations. (Scovel doesn`t own any of the above-mentioned stocks. Needham makes a market in some of these stocks, has investment-banking relationships with some companies and intends to pursue others as banking clients.)
Until valuations fall back, investors would be wise not to reach too far for chip stocks. In amusement-park parlance: Keep your arms and legs in the car at all times.
OmniVision Announces New Patented CMOS CameraChips for Mobile Applications
Tuesday December 3, 8:07 am ET
New Pixel Design Provides CCD Quality and Low Light Sensitivity for Small Form Factor Applications
SUNNYVALE, Calif.--(BUSINESS WIRE)--Dec. 3, 2002-- OmniVision® Technologies, Inc. (Nasdaq:OVTI - News), a market-leading independent supplier of CMOS CameraChip(TM) solutions for high-volume imaging applications, today announced availability of their OV7640 VGA 640x480 resolution CameraChip(TM) for integration into mobile phones, PDA`s and PC cameras. Utilizing a patented pixel design that improves the color quality and low light performance of the CameraChip, the new OV7640 is designed for integration into mobile handsets where small size, low power and high image quality are required.
ADVERTISEMENT
The new OV7640 CameraChip is approximately 4X`s more sensitive than the OV7635 in low light conditions (1 lux), and provides improved color saturation over its predecessor. Lux is a standardized measurement of ambient light. Low light sensitivity is needed for mobile handset applications where a strobe flash is generally not integrated into cellular handsets due to the power consumption of the strobe.
"OmniVision has achieved a significant milestone with this new patented pixel technology," stated James He, vice president of Core Technology for OmniVision. "With the improved color quality and low light performance of the OV7640 CameraChip, mobile handset manufacturers can now have the performance generally believed to be available only in CCD based cameras, with the CMOS advantage of low power consumption and simplicity of design."
Using OmniVision`s new patented pixel design, the OV7640 is available as a 28 pin PLCC packaged CameraChip and will be released in early 2003 as an integrated flex cable module that incorporates the CameraChip, lens and a custom flex circuit cable. Flex modules designed using the OV7640 will support lower cost, lower profile lenses allowing for integration into smaller form factor devices. The OV7640 CameraChip will replace OmniVision`s current OV7635 CameraChip currently sold in volume to cellular handset manufacturers in Asia, the US and Europe.
We believe the OV7640 CameraChip is the first image sensing device to operate at 2.5V and it consumes less than 40 mW of power when running at 30 fps (VGA). 2.5V is the internal power voltage generally supplied in cellular handsets. By requiring 2.5V, the OV7640 will demand fewer supporting components compared to competing technologies that require multiple or a higher voltage power supply, thereby reducing integration costs and design complexity.
The OV7640 CameraChip takes advantage of OmniVision`s proprietary analog processing technology to provide formatted YUV directly from the device. The OV7640 cancels Fixed Pattern Noise (FPN), eliminates smearing, and reduces blooming thereby enhancing the image quality and eliminating the need for additional image processing as is common with competing solutions. The following functions are programmable through an integrated serial SCCB interface:
Auto Exposure control
Auto White balance
Color saturation
Windowing
Gamma Correction
Sharpness control
Hue control
The OV7640 CameraChip is currently available in production volumes. Quantity pricing is below $7.00 US.
About OmniVision
OmniVision Technologies, Inc. is an independent CameraChip solutions provider. Utilizing proprietary design technology for its highly integrated still-photo and video camera solutions for high-volume imaging applications, OmniVision integrates multiple image processing and capture functions into a single CameraChip design. With the addition of only a lens, the result is a low-cost CameraChip that consumes less power, has a greater environmental functioning range and has a smaller footprint than typical CMOS multi-chip image sensor solutions. OmniVision`s CameraChip solutions are in cell phones, personal digital assistants, automobiles and industrial machine vision applications, as well as surveillance and biometric security applications. OmniVision is based in Sunnyvale, California. For more information about the company, visit our Website at www.ovt.com.
OmniVision and CameraChip are trademarks of OmniVision Technologies, Inc. All other trade, product or service names referenced in this release may be trademarks or registered trademarks of their respective holders.
Safe Harbor Language
Certain statements in this press release, including statements regarding the characteristics, potential benefits, performance and functionalities of OmniVision`s OV7640 CameraChip and the timing of the release of the flex module which uses the OV7640 CameraChip are forward looking statements that are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward looking statements and OmniVision`s results to differ materially, include, without limitation: potential errors, design flaws or other problems with the OV7640 CameraChip; the continued production, manufacturer and development of the OV7640 CameraChip and the other risks detailed from time to time in OmniVision`s Securities and Exchange Commission filings and reports, including, but not limited to, OmniVision`s quarterly reports filed on form 10-Q. OmniVision disclaims any obligation to update information contained in any forward looking statement.
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
Steve Rowley, 408/733-3030 x104
press@ovt.com
--------------------------------------------------------------------------------
Source: OmniVision Technologies, Inc.
Tuesday December 3, 8:07 am ET
New Pixel Design Provides CCD Quality and Low Light Sensitivity for Small Form Factor Applications
SUNNYVALE, Calif.--(BUSINESS WIRE)--Dec. 3, 2002-- OmniVision® Technologies, Inc. (Nasdaq:OVTI - News), a market-leading independent supplier of CMOS CameraChip(TM) solutions for high-volume imaging applications, today announced availability of their OV7640 VGA 640x480 resolution CameraChip(TM) for integration into mobile phones, PDA`s and PC cameras. Utilizing a patented pixel design that improves the color quality and low light performance of the CameraChip, the new OV7640 is designed for integration into mobile handsets where small size, low power and high image quality are required.
ADVERTISEMENT
The new OV7640 CameraChip is approximately 4X`s more sensitive than the OV7635 in low light conditions (1 lux), and provides improved color saturation over its predecessor. Lux is a standardized measurement of ambient light. Low light sensitivity is needed for mobile handset applications where a strobe flash is generally not integrated into cellular handsets due to the power consumption of the strobe.
"OmniVision has achieved a significant milestone with this new patented pixel technology," stated James He, vice president of Core Technology for OmniVision. "With the improved color quality and low light performance of the OV7640 CameraChip, mobile handset manufacturers can now have the performance generally believed to be available only in CCD based cameras, with the CMOS advantage of low power consumption and simplicity of design."
Using OmniVision`s new patented pixel design, the OV7640 is available as a 28 pin PLCC packaged CameraChip and will be released in early 2003 as an integrated flex cable module that incorporates the CameraChip, lens and a custom flex circuit cable. Flex modules designed using the OV7640 will support lower cost, lower profile lenses allowing for integration into smaller form factor devices. The OV7640 CameraChip will replace OmniVision`s current OV7635 CameraChip currently sold in volume to cellular handset manufacturers in Asia, the US and Europe.
We believe the OV7640 CameraChip is the first image sensing device to operate at 2.5V and it consumes less than 40 mW of power when running at 30 fps (VGA). 2.5V is the internal power voltage generally supplied in cellular handsets. By requiring 2.5V, the OV7640 will demand fewer supporting components compared to competing technologies that require multiple or a higher voltage power supply, thereby reducing integration costs and design complexity.
The OV7640 CameraChip takes advantage of OmniVision`s proprietary analog processing technology to provide formatted YUV directly from the device. The OV7640 cancels Fixed Pattern Noise (FPN), eliminates smearing, and reduces blooming thereby enhancing the image quality and eliminating the need for additional image processing as is common with competing solutions. The following functions are programmable through an integrated serial SCCB interface:
Auto Exposure control
Auto White balance
Color saturation
Windowing
Gamma Correction
Sharpness control
Hue control
The OV7640 CameraChip is currently available in production volumes. Quantity pricing is below $7.00 US.
About OmniVision
OmniVision Technologies, Inc. is an independent CameraChip solutions provider. Utilizing proprietary design technology for its highly integrated still-photo and video camera solutions for high-volume imaging applications, OmniVision integrates multiple image processing and capture functions into a single CameraChip design. With the addition of only a lens, the result is a low-cost CameraChip that consumes less power, has a greater environmental functioning range and has a smaller footprint than typical CMOS multi-chip image sensor solutions. OmniVision`s CameraChip solutions are in cell phones, personal digital assistants, automobiles and industrial machine vision applications, as well as surveillance and biometric security applications. OmniVision is based in Sunnyvale, California. For more information about the company, visit our Website at www.ovt.com.
OmniVision and CameraChip are trademarks of OmniVision Technologies, Inc. All other trade, product or service names referenced in this release may be trademarks or registered trademarks of their respective holders.
Safe Harbor Language
Certain statements in this press release, including statements regarding the characteristics, potential benefits, performance and functionalities of OmniVision`s OV7640 CameraChip and the timing of the release of the flex module which uses the OV7640 CameraChip are forward looking statements that are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward looking statements and OmniVision`s results to differ materially, include, without limitation: potential errors, design flaws or other problems with the OV7640 CameraChip; the continued production, manufacturer and development of the OV7640 CameraChip and the other risks detailed from time to time in OmniVision`s Securities and Exchange Commission filings and reports, including, but not limited to, OmniVision`s quarterly reports filed on form 10-Q. OmniVision disclaims any obligation to update information contained in any forward looking statement.
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
Steve Rowley, 408/733-3030 x104
press@ovt.com
--------------------------------------------------------------------------------
Source: OmniVision Technologies, Inc.
OmniVision Announces New NTSC Color CameraChip for Security, Toy and Automotive Applications
Friday December 13, 8:01 am ET
Latest Analog CameraChip(TM) Offers Improved Low Light Color Performance for North American Markets
SUNNYVALE, Calif.--(BUSINESS WIRE)--Dec. 13, 2002-- OmniVision Technologies, Inc. (Nasdaq:OVTI - News), a leading independent supplier of single CameraChip(TM) solutions for high-volume imaging applications, today announced the release of the OV7930 CameraChip(TM) specifically designed for integration into toys, security & surveillance systems, and automobiles. The OV7930 is an NTSC-only color CameraChip designed to enable low-cost, single-chip solutions in applications where performance in low-light conditions is paramount.
ADVERTISEMENT
"By improving the CameraChip`s low-light capabilities, we have produced a cost-effective solution capable of competing in the security and surveillance market against more expensive and complex color CCD technologies," said John Lynch, vice president of Sales and Marketing for OmniVision. "In addition, we have removed the circuitry that supports PAL formatted video output, thereby helping to reduce the cost of products targeted for North America. With this offering, camera manufacturers can now produce high sensitivity color or black and white camera solutions with all of the cost and power benefits of our patented CMOS imaging technology."
Technical Specifications
The OV7930 operates at 1.5 lux. Lux, a unit of illumination equivalent to .0929 foot-candles, determines the level of light necessary to obtain a clear picture. The low lux level of the OV7930 means that the imaging device can produce a quality image with extremely low light, a feature considered beneficial to mass security applications. The product`s low (5.0 volt) power, small size and low cost, coupled with its low lux operating requirements, make this solution even better suited for the mass security market than many of OmniVision`s previously successful products.
Designed for EIA (the color equivalent of NTSC, the 510x492 pixel video standard in the United States and Canada), the OV7930 delivers composite video capable of directly driving a display device, such as a television or monitor. The OV7930 offers an image array in a standard 1/4-inch format and provides real-time frame rates for video and other imaging applications. Functions incorporated in the OV7930 CameraChip(TM) include automatic gain control (AGC), automatic exposure control (AEC), gamma correction, automatic level control (ALC) and automatic black level calibration.
Price and availability
OV7930 samples available now. Initial volume pricing is expected to be below $8.00. Please contact your local sales representative for additional information. www.ovt.com
About OmniVision
OmniVision Technologies, Inc. is an independent CameraChip(TM) solutions provider. Utilizing proprietary design technology for its highly integrated still-photo and video camera solutions for high-volume imaging applications, OmniVision integrates multiple image processing and capture functions into a single CameraChip design. With the addition of only a lens, the result is a low-cost CameraChip that consumes less power, has a greater environmental functioning range and has a smaller footprint than typical CMOS multi-chip image sensor solutions. OmniVision`s CameraChip solutions are in cell phones, personal digital assistants (PDAs), automobiles and industrial machine vision applications, as well as surveillance and biometric security applications. OmniVision is based in Sunnyvale, California. For more information about the company, visit our Website at www.ovt.com.
Note to Editors: OmniVision and CameraChip are trademarks of OmniVision Technologies, Inc. All other trade, product or service names referenced in this release may be trademarks or registered trademarks of their respective holders.
Certain statements in this press release, including statements regarding the characteristics, potential benefits, performance, functionalities and pricing of OmniVision`s OV7930 CameraChip are forward looking statements that are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward looking statements and OmniVision`s results to differ materially, include, without limitation: potential errors, design flaws or other problems with the OV7930 CameraChip; the continued production, manufacture and development of the OV7930 CameraChip, the high degree of competition in our markets from more established and better financed CCD and CMOS manufacturers and the other risks detailed from time to time in OmniVision`s Securities and Exchange Commission filings and reports, including, but not limited to, OmniVision`s quarterly reports filed on form 10-Q. OmniVision disclaims any obligation to update information contained in any forward looking statement.
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
Steve Rowley, 408/733-3030 x104
srowley@ovt.com
--------------------------------------------------------------------------------
Source: OmniVision Technologies, Inc.
Friday December 13, 8:01 am ET
Latest Analog CameraChip(TM) Offers Improved Low Light Color Performance for North American Markets
SUNNYVALE, Calif.--(BUSINESS WIRE)--Dec. 13, 2002-- OmniVision Technologies, Inc. (Nasdaq:OVTI - News), a leading independent supplier of single CameraChip(TM) solutions for high-volume imaging applications, today announced the release of the OV7930 CameraChip(TM) specifically designed for integration into toys, security & surveillance systems, and automobiles. The OV7930 is an NTSC-only color CameraChip designed to enable low-cost, single-chip solutions in applications where performance in low-light conditions is paramount.
ADVERTISEMENT
"By improving the CameraChip`s low-light capabilities, we have produced a cost-effective solution capable of competing in the security and surveillance market against more expensive and complex color CCD technologies," said John Lynch, vice president of Sales and Marketing for OmniVision. "In addition, we have removed the circuitry that supports PAL formatted video output, thereby helping to reduce the cost of products targeted for North America. With this offering, camera manufacturers can now produce high sensitivity color or black and white camera solutions with all of the cost and power benefits of our patented CMOS imaging technology."
Technical Specifications
The OV7930 operates at 1.5 lux. Lux, a unit of illumination equivalent to .0929 foot-candles, determines the level of light necessary to obtain a clear picture. The low lux level of the OV7930 means that the imaging device can produce a quality image with extremely low light, a feature considered beneficial to mass security applications. The product`s low (5.0 volt) power, small size and low cost, coupled with its low lux operating requirements, make this solution even better suited for the mass security market than many of OmniVision`s previously successful products.
Designed for EIA (the color equivalent of NTSC, the 510x492 pixel video standard in the United States and Canada), the OV7930 delivers composite video capable of directly driving a display device, such as a television or monitor. The OV7930 offers an image array in a standard 1/4-inch format and provides real-time frame rates for video and other imaging applications. Functions incorporated in the OV7930 CameraChip(TM) include automatic gain control (AGC), automatic exposure control (AEC), gamma correction, automatic level control (ALC) and automatic black level calibration.
Price and availability
OV7930 samples available now. Initial volume pricing is expected to be below $8.00. Please contact your local sales representative for additional information. www.ovt.com
About OmniVision
OmniVision Technologies, Inc. is an independent CameraChip(TM) solutions provider. Utilizing proprietary design technology for its highly integrated still-photo and video camera solutions for high-volume imaging applications, OmniVision integrates multiple image processing and capture functions into a single CameraChip design. With the addition of only a lens, the result is a low-cost CameraChip that consumes less power, has a greater environmental functioning range and has a smaller footprint than typical CMOS multi-chip image sensor solutions. OmniVision`s CameraChip solutions are in cell phones, personal digital assistants (PDAs), automobiles and industrial machine vision applications, as well as surveillance and biometric security applications. OmniVision is based in Sunnyvale, California. For more information about the company, visit our Website at www.ovt.com.
Note to Editors: OmniVision and CameraChip are trademarks of OmniVision Technologies, Inc. All other trade, product or service names referenced in this release may be trademarks or registered trademarks of their respective holders.
Certain statements in this press release, including statements regarding the characteristics, potential benefits, performance, functionalities and pricing of OmniVision`s OV7930 CameraChip are forward looking statements that are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward looking statements and OmniVision`s results to differ materially, include, without limitation: potential errors, design flaws or other problems with the OV7930 CameraChip; the continued production, manufacture and development of the OV7930 CameraChip, the high degree of competition in our markets from more established and better financed CCD and CMOS manufacturers and the other risks detailed from time to time in OmniVision`s Securities and Exchange Commission filings and reports, including, but not limited to, OmniVision`s quarterly reports filed on form 10-Q. OmniVision disclaims any obligation to update information contained in any forward looking statement.
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
Steve Rowley, 408/733-3030 x104
srowley@ovt.com
--------------------------------------------------------------------------------
Source: OmniVision Technologies, Inc.
panik,
schreib mal bitte was über Brightpoint, bist hier der einzig ernstzunehmende Experte.
Gruss drama
schreib mal bitte was über Brightpoint, bist hier der einzig ernstzunehmende Experte.
Gruss drama
OmniVision`s Digital Camera Modules to be Embedded in Curitel Mobile Handsets
Wednesday December 18, 8:08 am ET
Full Motion Video Preview Function Improves User Experience
SUNNYVALE, Calif.--(BUSINESS WIRE)--Dec. 18, 2002--OmniVision Technologies, Inc. (Nasdaq:OVTI - News), a leading independent supplier of CMOS CameraChip(TM) solutions for high-volume imaging applications, today announced it is supplying its OV7635FB VGA CameraChip modules in high volumes to privately held Pantech & Curitel to be embedded in their PD-K600 and PD-6000 mobile phone handsets. By integrating the camera directly into the phone, Curitel handsets are able to take advantage of 330,000 pixels at 33fps preview capabilities to improve the user experience. 30 fps is generally considered the necessary speed for the human eye to interpret the changing frames as continuous motion. Embedding the camera in the phone provides the added value of eliminating the need for an attachment.
ADVERTISEMENT
"This is a significant achievement in two respects," stated John Lynch, worldwide vice president of Sales and Marketing for OmniVision. "This is the first embedded use of OmniVision`s CameraChip modules, and to our knowledge this is the first time mobile handsets will enjoy full motion video preview to enhance the user experience."
"Curitel is a growing force for mobile handsets in Asia," added Charley Hirata, VP APAC Marketing and Sales at OmniVision. "We are pleased that a well respected company such as Curitel selected OmniVision`s technology, and that our advanced frame rate capabilities are being so well utilized."
The PD-K600 and PD-6000 mobile phone handsets with embedded cameras have a 65,000 color 2 watt TFT LCD display and 40 poly sound by Yamaha. They include a USB interface directly on the phone and have a closed circuit television (CCTV) capability with full motion video recording.
"We selected OmniVision`s VGA modules specifically because of the ability to give a fluid motion video preview experience at an affordable cost point," stated Min Dong-Uk, R&D team leader at Curitel. "OmniVision`s modules had the combination we needed of small size, high image quality, fast frame rate for preview, and low cost. We look forward to continuing to innovate with OmniVision`s CMOS CameraChip solutions."
Launched in November of 2001, OmniVision`s OV7635FB is a 640X480 VGA resolution color CameraChip Module for digital still CameraPhones and accessories. The OV7635FB CameraChip module utilizes a 1/4-inch lens format and operates on 3.3 volts. The combination of small size, high quality and low power consumption enables cell Phone manufacturers to provide customers excellent quality and greater battery life than competing CCD or other CMOS based solutions.
Pricing and Availability
OmniVision`s OV7635FB CameraChip module is available in production volumes for below $10.00. Please contact OmniVision via e-mail at sales@ovt.com or by visiting our website at www.ovt.com.
About OmniVision
OmniVision Technologies, Inc. is an independent CameraChip solutions provider. Utilizing proprietary design technology for its highly integrated still-photo and video camera solutions for high-volume imaging applications, OmniVision integrates multiple image processing and capture functions into a single CameraChip design. With the addition of only a lens, the result is a low-cost CameraChip that consumes less power, has a greater environmental functioning range and has a smaller footprint than typical CMOS multi-chip image sensor solutions. OmniVision`s CameraChip solutions are in cell phones, digital still cameras, toys, video and computer games, personal digital assistants, automobiles and industrial machine vision applications, as well as surveillance and biometric security applications. OmniVision is based in Sunnyvale, Calif. For more information about the company, visit our Website at www.ovt.com.
Note to Editors: OmniVision and CameraChip are trademarks of OmniVision Technologies, Inc. All other trade, product or service names referenced in this release may be trademarks or registered trademarks of their respective holders.
Certain statements in this press release, including statements regarding the characteristics, potential benefits, performance and functionalities of OmniVision`s OV7635FB VGA CameraChip; the embedded use of OmniVision`s CameraChip modules and the use of full motion video preview in mobile handsets and the capabilities and benefits of Curitel`s PD-K600 and PD-6000 are forward looking statements that are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward looking statements and OmniVision`s results to differ materially, include, without limitation: potential errors, design flaws or other problems with the OV7635FB VGA CameraChip or Curitel`s PD-K600 and PD-6000; the continued production, manufacture and development of the OV7635FB VGA CameraChip Curitel`s PD-K600 and PD-6000, Curitel`s continued innovation using OmniVision`s CameraChip solutions and the other risks detailed from time to time in OmniVision`s Securities and Exchange Commission filings and reports, including, but not limited to, OmniVision`s quarterly reports filed on form 10-Q. OmniVision disclaims any obligation to update information contained in any forward looking statement.
Note: A photo is available at URL:
http://www.businesswire.com/cgi-bin/photo.cgi?pw.121802/bb2
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
Steve Rowley, 408/733-3030 ext. 104
press@ovt.com
--------------------------------------------------------------------------------
Source: OmniVision Technologies, Inc.
Wednesday December 18, 8:08 am ET
Full Motion Video Preview Function Improves User Experience
SUNNYVALE, Calif.--(BUSINESS WIRE)--Dec. 18, 2002--OmniVision Technologies, Inc. (Nasdaq:OVTI - News), a leading independent supplier of CMOS CameraChip(TM) solutions for high-volume imaging applications, today announced it is supplying its OV7635FB VGA CameraChip modules in high volumes to privately held Pantech & Curitel to be embedded in their PD-K600 and PD-6000 mobile phone handsets. By integrating the camera directly into the phone, Curitel handsets are able to take advantage of 330,000 pixels at 33fps preview capabilities to improve the user experience. 30 fps is generally considered the necessary speed for the human eye to interpret the changing frames as continuous motion. Embedding the camera in the phone provides the added value of eliminating the need for an attachment.
ADVERTISEMENT
"This is a significant achievement in two respects," stated John Lynch, worldwide vice president of Sales and Marketing for OmniVision. "This is the first embedded use of OmniVision`s CameraChip modules, and to our knowledge this is the first time mobile handsets will enjoy full motion video preview to enhance the user experience."
"Curitel is a growing force for mobile handsets in Asia," added Charley Hirata, VP APAC Marketing and Sales at OmniVision. "We are pleased that a well respected company such as Curitel selected OmniVision`s technology, and that our advanced frame rate capabilities are being so well utilized."
The PD-K600 and PD-6000 mobile phone handsets with embedded cameras have a 65,000 color 2 watt TFT LCD display and 40 poly sound by Yamaha. They include a USB interface directly on the phone and have a closed circuit television (CCTV) capability with full motion video recording.
"We selected OmniVision`s VGA modules specifically because of the ability to give a fluid motion video preview experience at an affordable cost point," stated Min Dong-Uk, R&D team leader at Curitel. "OmniVision`s modules had the combination we needed of small size, high image quality, fast frame rate for preview, and low cost. We look forward to continuing to innovate with OmniVision`s CMOS CameraChip solutions."
Launched in November of 2001, OmniVision`s OV7635FB is a 640X480 VGA resolution color CameraChip Module for digital still CameraPhones and accessories. The OV7635FB CameraChip module utilizes a 1/4-inch lens format and operates on 3.3 volts. The combination of small size, high quality and low power consumption enables cell Phone manufacturers to provide customers excellent quality and greater battery life than competing CCD or other CMOS based solutions.
Pricing and Availability
OmniVision`s OV7635FB CameraChip module is available in production volumes for below $10.00. Please contact OmniVision via e-mail at sales@ovt.com or by visiting our website at www.ovt.com.
About OmniVision
OmniVision Technologies, Inc. is an independent CameraChip solutions provider. Utilizing proprietary design technology for its highly integrated still-photo and video camera solutions for high-volume imaging applications, OmniVision integrates multiple image processing and capture functions into a single CameraChip design. With the addition of only a lens, the result is a low-cost CameraChip that consumes less power, has a greater environmental functioning range and has a smaller footprint than typical CMOS multi-chip image sensor solutions. OmniVision`s CameraChip solutions are in cell phones, digital still cameras, toys, video and computer games, personal digital assistants, automobiles and industrial machine vision applications, as well as surveillance and biometric security applications. OmniVision is based in Sunnyvale, Calif. For more information about the company, visit our Website at www.ovt.com.
Note to Editors: OmniVision and CameraChip are trademarks of OmniVision Technologies, Inc. All other trade, product or service names referenced in this release may be trademarks or registered trademarks of their respective holders.
Certain statements in this press release, including statements regarding the characteristics, potential benefits, performance and functionalities of OmniVision`s OV7635FB VGA CameraChip; the embedded use of OmniVision`s CameraChip modules and the use of full motion video preview in mobile handsets and the capabilities and benefits of Curitel`s PD-K600 and PD-6000 are forward looking statements that are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward looking statements and OmniVision`s results to differ materially, include, without limitation: potential errors, design flaws or other problems with the OV7635FB VGA CameraChip or Curitel`s PD-K600 and PD-6000; the continued production, manufacture and development of the OV7635FB VGA CameraChip Curitel`s PD-K600 and PD-6000, Curitel`s continued innovation using OmniVision`s CameraChip solutions and the other risks detailed from time to time in OmniVision`s Securities and Exchange Commission filings and reports, including, but not limited to, OmniVision`s quarterly reports filed on form 10-Q. OmniVision disclaims any obligation to update information contained in any forward looking statement.
Note: A photo is available at URL:
http://www.businesswire.com/cgi-bin/photo.cgi?pw.121802/bb2
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
Steve Rowley, 408/733-3030 ext. 104
press@ovt.com
--------------------------------------------------------------------------------
Source: OmniVision Technologies, Inc.
OmniVision Technologies to Demonstrate Latest CameraChip Advancements In Las Vegas During CES 2003
Monday December 23, 7:59 am ET
SUNNYVALE, Calif.--(BUSINESS WIRE)--Dec. 23, 2002--OmniVision Technologies, Inc. (Nasdaq:OVTI - News), a market-leading independent supplier of CMOS CameraChip(TM) solutions for high-volume imaging applications, will showcase its newest CameraChip technology advancements in its suite at the Venetian Hotel during the CES 2003 tradeshow, to be held in Las Vegas January 9-12, 2003. OmniVison will demonstrate, by appointment only, its latest advancements in cell phone camera solutions, its 1.3 and 2 Mega-Pixel CameraChips, its CameraPlay(TM) interactive gaming technology, and advancements in CameraChip low-light and high dynamic range capabilities.
To schedule an interview or demonstration at CES 2003, please contact:
Steve Rowley
Phone: 408/733-3030 ext. 104
srowley@ovt.com
About OmniVision
OmniVision Technologies, Inc. is an independent CameraChip(TM) solutions provider. Utilizing proprietary design technology for its highly integrated still-photo and video camera solutions for high-volume imaging applications, OmniVision integrates multiple image processing and capture functions into a single CameraChip design. With the addition of only a lens, the result is a low-cost CameraChip that consumes less power, has a greater environmental functioning range and has a smaller footprint than typical CMOS multi-chip image sensor solutions. Omnivision`s CameraChip solutions are in cell phones, personal digital assistants, automobiles and industrial machine vision applications, as well as surveillance and biometric security applications. OmniVision is based in Sunnyvale, California. For more information about the company, visit our Website at www.ovt.com.
Safe Harbor Language
Certain statements in this press release, including statements regarding the CES 2003 tradeshow and the Company`s technology are forward looking statements that are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward looking statements and OmniVision`s results to differ materially, include, without limitation: potential errors, design flaws or other problems with the Company`s technology and the other risks detailed from time to time in OmniVision`s Securities and Exchange Commission filings and reports, including, but not limited to, OmniVision`s quarterly reports filed on form 10-Q. OmniVision disclaims any obligation to update information contained in any forward looking statement.
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc., Sunnyvale
Steve Rowley, 408/733-3030 ext. 104
srowley@ovt.com
--------------------------------------------------------------------------------
Source: OmniVision Technologies, Inc.
Monday December 23, 7:59 am ET
SUNNYVALE, Calif.--(BUSINESS WIRE)--Dec. 23, 2002--OmniVision Technologies, Inc. (Nasdaq:OVTI - News), a market-leading independent supplier of CMOS CameraChip(TM) solutions for high-volume imaging applications, will showcase its newest CameraChip technology advancements in its suite at the Venetian Hotel during the CES 2003 tradeshow, to be held in Las Vegas January 9-12, 2003. OmniVison will demonstrate, by appointment only, its latest advancements in cell phone camera solutions, its 1.3 and 2 Mega-Pixel CameraChips, its CameraPlay(TM) interactive gaming technology, and advancements in CameraChip low-light and high dynamic range capabilities.
To schedule an interview or demonstration at CES 2003, please contact:
Steve Rowley
Phone: 408/733-3030 ext. 104
srowley@ovt.com
About OmniVision
OmniVision Technologies, Inc. is an independent CameraChip(TM) solutions provider. Utilizing proprietary design technology for its highly integrated still-photo and video camera solutions for high-volume imaging applications, OmniVision integrates multiple image processing and capture functions into a single CameraChip design. With the addition of only a lens, the result is a low-cost CameraChip that consumes less power, has a greater environmental functioning range and has a smaller footprint than typical CMOS multi-chip image sensor solutions. Omnivision`s CameraChip solutions are in cell phones, personal digital assistants, automobiles and industrial machine vision applications, as well as surveillance and biometric security applications. OmniVision is based in Sunnyvale, California. For more information about the company, visit our Website at www.ovt.com.
Safe Harbor Language
Certain statements in this press release, including statements regarding the CES 2003 tradeshow and the Company`s technology are forward looking statements that are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward looking statements and OmniVision`s results to differ materially, include, without limitation: potential errors, design flaws or other problems with the Company`s technology and the other risks detailed from time to time in OmniVision`s Securities and Exchange Commission filings and reports, including, but not limited to, OmniVision`s quarterly reports filed on form 10-Q. OmniVision disclaims any obligation to update information contained in any forward looking statement.
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc., Sunnyvale
Steve Rowley, 408/733-3030 ext. 104
srowley@ovt.com
--------------------------------------------------------------------------------
Source: OmniVision Technologies, Inc.
Wireless Sector Pins Hopes on Shutterbugs
By Kenneth Li
Senior Writer
12/24/2002 07:07 AM EST
Click here for more stories by Kenneth Li
If the wireless sector has its way, people will be saying "cheese" to cell phones instead of cameras next year.
Companies are pouring millions of dollars into the development of mobile phones with built-in or attachable cameras. Nokia (NOK:NYSE - news - commentary - research - analysis), Samsung, Sony Ericsson and a slew of Asian and European manufacturers are planning splashy launches of new phones starting in the first quarter of 2003, hoping to boost sales amid declining wireless-subscriber growth.
Is the industry right to place such a pricey bet on the gadgets? Some analysts say yes. The phones, which first began to appear in Japan and Korea nearly two years ago, are expected to outsell handheld computers globally this year and will outpace the entire digital-camera market by 2004, says Neil Mawston, an equipment analyst at research firm Strategy Analytics.
"We expect camera phones to be a significant driver in handset sales in 2003," said Mawston.
However, there`s no telling whether consumers will be as enthusiastic about the new phones as companies hope. The handsets can be costly, and wireless-data pricing structures are complicated and confusing. And a recent warning from Nokia that customers are favoring cheap phones doesn`t help. Plus, combining two hit consumer devices hasn`t always worked in the past. (Anyone remember interactive TV?)
Also, the quality of camera-phone photos lags that of most digital-camera pictures -- yet the phones cost two to four times as much as comparable cameras. Another issue: Camera phones are inoperable at night, since only one model at this point contains a flash. Sprint PCS (PCS:NYSE - news - commentary - research - analysis) has a $399 model with a built-in flash, the Sanyo SCP-5300.
Nonetheless, nearly every major manufacturer is throwing its weight behind the trend. And sales figures in Japan and South Korea -- amounting to about $4 million last year and $8 million in the first nine months of this year -- suggest consumers may be willing to overlook problems with the phones.
Such success drove Nokia to launch its first model in Western Europe and Asia, the 7650, in the fall. In the first week of November, Nokia sold more than one million units of the flagship phone. The company now plans to produce a camera phone targeted at the mass market by early next year, the 3650, which will cost $300. In fact, Nokia plans more than a dozen models that will have built-in cameras or the capacity to accept camera attachments.
By Kenneth Li
Senior Writer
12/24/2002 07:07 AM EST
Click here for more stories by Kenneth Li
If the wireless sector has its way, people will be saying "cheese" to cell phones instead of cameras next year.
Companies are pouring millions of dollars into the development of mobile phones with built-in or attachable cameras. Nokia (NOK:NYSE - news - commentary - research - analysis), Samsung, Sony Ericsson and a slew of Asian and European manufacturers are planning splashy launches of new phones starting in the first quarter of 2003, hoping to boost sales amid declining wireless-subscriber growth.
Is the industry right to place such a pricey bet on the gadgets? Some analysts say yes. The phones, which first began to appear in Japan and Korea nearly two years ago, are expected to outsell handheld computers globally this year and will outpace the entire digital-camera market by 2004, says Neil Mawston, an equipment analyst at research firm Strategy Analytics.
"We expect camera phones to be a significant driver in handset sales in 2003," said Mawston.
However, there`s no telling whether consumers will be as enthusiastic about the new phones as companies hope. The handsets can be costly, and wireless-data pricing structures are complicated and confusing. And a recent warning from Nokia that customers are favoring cheap phones doesn`t help. Plus, combining two hit consumer devices hasn`t always worked in the past. (Anyone remember interactive TV?)
Also, the quality of camera-phone photos lags that of most digital-camera pictures -- yet the phones cost two to four times as much as comparable cameras. Another issue: Camera phones are inoperable at night, since only one model at this point contains a flash. Sprint PCS (PCS:NYSE - news - commentary - research - analysis) has a $399 model with a built-in flash, the Sanyo SCP-5300.
Nonetheless, nearly every major manufacturer is throwing its weight behind the trend. And sales figures in Japan and South Korea -- amounting to about $4 million last year and $8 million in the first nine months of this year -- suggest consumers may be willing to overlook problems with the phones.
Such success drove Nokia to launch its first model in Western Europe and Asia, the 7650, in the fall. In the first week of November, Nokia sold more than one million units of the flagship phone. The company now plans to produce a camera phone targeted at the mass market by early next year, the 3650, which will cost $300. In fact, Nokia plans more than a dozen models that will have built-in cameras or the capacity to accept camera attachments.
OmniVision Technologies to Demonstrate Latest CameraChip Advancements at the 3GSM World Congress 2003
Friday January 17, 12:34 pm ET
SUNNYVALE, Calif.--(BUSINESS WIRE)--Jan. 17, 2003--OmniVision Technologies, Inc. (Nasdaq:OVTI - News), a market-leading independent supplier of CMOS CameraChip(TM) solutions for high-volume imaging applications, will showcase its newest CameraChip technology advancements in its booth at the 3GSM World Congress 2003, to be held in Cannes, France February 18-21, 2003. OmniVison will demonstrate its latest advancements in high-quality and low-profile camera module solutions, its 1.3 and 2 Mega-Pixel CameraChips, its CameraPlay(TM) interactive gaming technology, and advancements in CameraChip low-light and high dynamic range capabilities.
To schedule an interview or demonstration at 3GSM World Congress 2003, please contact:
Steve Rowley
Phone: 408/733-3030 ext. 104
srowley@ovt.com
About OmniVision
OmniVision Technologies, Inc. is an independent CameraChip(TM) solutions provider. Utilizing proprietary design technology for its highly integrated still-photo and video camera solutions for high-volume imaging applications, OmniVision integrates multiple image processing and capture functions into a single CameraChip design. With the addition of only a lens, the result is a low-cost CameraChip that consumes less power, has a greater environmental functioning range and has a smaller footprint than typical CMOS multi-chip image sensor solutions. OmniVision`s CameraChip solutions are in cell phones, personal digital assistants, automobiles and industrial machine vision applications, as well as surveillance and biometric security applications. OmniVision is based in Sunnyvale, California. For more information about the company, visit our Website at www.ovt.com.
Safe Harbor Language
Certain statements in this press release, including statements regarding the Company`s products and technology that it will showcase at the 3GSM World Congress 2003 are forward looking statements. These risks and uncertainties, which could cause the forward looking statements and OmniVision`s results to differ materially are detailed from time to time in the company`s Securities and Exchange Commission filings and reports. The Company disclaims any obligation to update information contained in any forward looking statement.
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
Steve Rowley, 408/733-3030 ext. 104
srowley@ovt.com
--------------------------------------------------------------------------------
Source: OmniVision Technologies, Inc.
Friday January 17, 12:34 pm ET
SUNNYVALE, Calif.--(BUSINESS WIRE)--Jan. 17, 2003--OmniVision Technologies, Inc. (Nasdaq:OVTI - News), a market-leading independent supplier of CMOS CameraChip(TM) solutions for high-volume imaging applications, will showcase its newest CameraChip technology advancements in its booth at the 3GSM World Congress 2003, to be held in Cannes, France February 18-21, 2003. OmniVison will demonstrate its latest advancements in high-quality and low-profile camera module solutions, its 1.3 and 2 Mega-Pixel CameraChips, its CameraPlay(TM) interactive gaming technology, and advancements in CameraChip low-light and high dynamic range capabilities.
To schedule an interview or demonstration at 3GSM World Congress 2003, please contact:
Steve Rowley
Phone: 408/733-3030 ext. 104
srowley@ovt.com
About OmniVision
OmniVision Technologies, Inc. is an independent CameraChip(TM) solutions provider. Utilizing proprietary design technology for its highly integrated still-photo and video camera solutions for high-volume imaging applications, OmniVision integrates multiple image processing and capture functions into a single CameraChip design. With the addition of only a lens, the result is a low-cost CameraChip that consumes less power, has a greater environmental functioning range and has a smaller footprint than typical CMOS multi-chip image sensor solutions. OmniVision`s CameraChip solutions are in cell phones, personal digital assistants, automobiles and industrial machine vision applications, as well as surveillance and biometric security applications. OmniVision is based in Sunnyvale, California. For more information about the company, visit our Website at www.ovt.com.
Safe Harbor Language
Certain statements in this press release, including statements regarding the Company`s products and technology that it will showcase at the 3GSM World Congress 2003 are forward looking statements. These risks and uncertainties, which could cause the forward looking statements and OmniVision`s results to differ materially are detailed from time to time in the company`s Securities and Exchange Commission filings and reports. The Company disclaims any obligation to update information contained in any forward looking statement.
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
Steve Rowley, 408/733-3030 ext. 104
srowley@ovt.com
--------------------------------------------------------------------------------
Source: OmniVision Technologies, Inc.
OmniVision Announces Small Form Factor CMOS CameraChip
Thursday January 23, 8:01 am ET
OV7648 Fully Tested VGA CameraChip Enables Production of Small Form Factor Cameras
SUNNYVALE, Calif.--(BUSINESS WIRE)--Jan. 23, 2003--OmniVision® Technologies, Inc. (Nasdaq:OVTI - News), a market-leading independent supplier of CMOS CameraChip(TM) solutions for high-volume imaging applications, today announced availability of their OV7648 VGA 640x480 resolution CameraChip in a Chipscale package for integration into mobile phones, PDA`s and PC cameras. Utilizing the previously announced OV7640 Camerachip technology, the OV7648 is targeted at manufacturers of wireless handsets and camera accessories where large scale production of small form factor modules is desired.
ADVERTISEMENT
"This is a strong alternative to traditionally packaged chips for small form factor applications," stated John Lynch, vice president of worldwide sales and marketing at OmniVision. "Traditionally packaged chips are mostly empty space and make production of small devices challenging. Our new OV7648 part is a fully tested and packaged CameraChip at less than half the size, giving manufacturers looking for CameraChips with small footprints a viable solution."
At 4.93x4.76mm the OV7648 CameraChip is available as a 22 pin BGA packaged part. It operates at 2.5V and consumes less than 40 mW of power when running at 30 fps (VGA). 2.5V is the internal power voltage generally supplied in cellular handsets. By requiring 2.5V, the OV7648 will demand fewer supporting components compared to competing technologies that require multiple or a higher voltage power supply, thereby reducing integration costs and design complexity.
The OV7648 CameraChip takes advantage of OmniVision`s proprietary analog processing technology to provide formatted YUV directly from the device. The OV7648 cancels Fixed Pattern Noise (FPN), eliminates smearing, and reduces blooming thereby enhancing the image quality and eliminating the need for additional image processing that is common with competing solutions. The following functions are programmable through an integrated serial SCCB interface:
Auto Exposure control
Auto White balance
Color saturation
Windowing
Gamma Correction
Sharpness control
Hue control
The OV7648 CameraChip is currently available in production volumes. Quantity pricing is below $5.00 US.
About OmniVision
OmniVision Technologies, Inc. is an independent CameraChip solutions provider. Utilizing proprietary design technology for its highly integrated still-photo and video camera solutions for high-volume imaging applications, OmniVision integrates multiple image processing and capture functions into a single CameraChip design. With the addition of only a lens, the result is a low-cost CameraChip that consumes less power, has a greater environmental functioning range and has a smaller footprint than typical CMOS multi-chip image sensor solutions. OmniVision`s CameraChip solutions are in cell phones, personal digital assistants, automobiles and industrial machine vision applications, as well as surveillance and biometric security applications. OmniVision is based in Sunnyvale, California. For more information about the company, visit our Website at www.ovt.com.
OmniVision and CameraChip are trademarks of OmniVision Technologies, Inc. All other trade, product or service names referenced in this release may be trademarks or registered trademarks of their respective holders.
Safe Harbor Language
Certain statements in this press release, including statements regarding the OV7648 being a viable solution to manufacturers looking for CameraChips with small footprints and the potential benefits, functionalities and characteristics of the OV7648 are forward looking statements that are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward looking statements and OmniVision`s results to differ materially, include, without limitation: potential errors, latent defects, design flaws or other problems with the OV7648; customer acceptance and demand for the OV7648; failure to obtain design wins from camera manufacturers or wireless handset manufacturers for the OV7648; the growth of the markets for the OV7648; the continued production, manufacturer and development of the OV7648 and the other risks detailed from time to time in OmniVision`s Securities and Exchange Commission filings and reports, including, but not limited to, OmniVision`s quarterly reports filed on form 10-Q. OmniVision disclaims any obligation to update information contained in any forward looking statement.
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
Steve Rowley, 408/733-3030 ext. 104
press@ovt.com
--------------------------------------------------------------------------------
Source: OmniVision Technologies
Thursday January 23, 8:01 am ET
OV7648 Fully Tested VGA CameraChip Enables Production of Small Form Factor Cameras
SUNNYVALE, Calif.--(BUSINESS WIRE)--Jan. 23, 2003--OmniVision® Technologies, Inc. (Nasdaq:OVTI - News), a market-leading independent supplier of CMOS CameraChip(TM) solutions for high-volume imaging applications, today announced availability of their OV7648 VGA 640x480 resolution CameraChip in a Chipscale package for integration into mobile phones, PDA`s and PC cameras. Utilizing the previously announced OV7640 Camerachip technology, the OV7648 is targeted at manufacturers of wireless handsets and camera accessories where large scale production of small form factor modules is desired.
ADVERTISEMENT
"This is a strong alternative to traditionally packaged chips for small form factor applications," stated John Lynch, vice president of worldwide sales and marketing at OmniVision. "Traditionally packaged chips are mostly empty space and make production of small devices challenging. Our new OV7648 part is a fully tested and packaged CameraChip at less than half the size, giving manufacturers looking for CameraChips with small footprints a viable solution."
At 4.93x4.76mm the OV7648 CameraChip is available as a 22 pin BGA packaged part. It operates at 2.5V and consumes less than 40 mW of power when running at 30 fps (VGA). 2.5V is the internal power voltage generally supplied in cellular handsets. By requiring 2.5V, the OV7648 will demand fewer supporting components compared to competing technologies that require multiple or a higher voltage power supply, thereby reducing integration costs and design complexity.
The OV7648 CameraChip takes advantage of OmniVision`s proprietary analog processing technology to provide formatted YUV directly from the device. The OV7648 cancels Fixed Pattern Noise (FPN), eliminates smearing, and reduces blooming thereby enhancing the image quality and eliminating the need for additional image processing that is common with competing solutions. The following functions are programmable through an integrated serial SCCB interface:
Auto Exposure control
Auto White balance
Color saturation
Windowing
Gamma Correction
Sharpness control
Hue control
The OV7648 CameraChip is currently available in production volumes. Quantity pricing is below $5.00 US.
About OmniVision
OmniVision Technologies, Inc. is an independent CameraChip solutions provider. Utilizing proprietary design technology for its highly integrated still-photo and video camera solutions for high-volume imaging applications, OmniVision integrates multiple image processing and capture functions into a single CameraChip design. With the addition of only a lens, the result is a low-cost CameraChip that consumes less power, has a greater environmental functioning range and has a smaller footprint than typical CMOS multi-chip image sensor solutions. OmniVision`s CameraChip solutions are in cell phones, personal digital assistants, automobiles and industrial machine vision applications, as well as surveillance and biometric security applications. OmniVision is based in Sunnyvale, California. For more information about the company, visit our Website at www.ovt.com.
OmniVision and CameraChip are trademarks of OmniVision Technologies, Inc. All other trade, product or service names referenced in this release may be trademarks or registered trademarks of their respective holders.
Safe Harbor Language
Certain statements in this press release, including statements regarding the OV7648 being a viable solution to manufacturers looking for CameraChips with small footprints and the potential benefits, functionalities and characteristics of the OV7648 are forward looking statements that are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward looking statements and OmniVision`s results to differ materially, include, without limitation: potential errors, latent defects, design flaws or other problems with the OV7648; customer acceptance and demand for the OV7648; failure to obtain design wins from camera manufacturers or wireless handset manufacturers for the OV7648; the growth of the markets for the OV7648; the continued production, manufacturer and development of the OV7648 and the other risks detailed from time to time in OmniVision`s Securities and Exchange Commission filings and reports, including, but not limited to, OmniVision`s quarterly reports filed on form 10-Q. OmniVision disclaims any obligation to update information contained in any forward looking statement.
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
Steve Rowley, 408/733-3030 ext. 104
press@ovt.com
--------------------------------------------------------------------------------
Source: OmniVision Technologies
9:26AM OmniVision upgraded to Strong Buy at Adams Harkness on valuation; target $26 (OVTI) 13.33: -- Update --
OmniVision Announces New Low Profile CameraChip Modules for Cellular Phones
Monday February 17, 3:00 am ET
Smaller Modules Allow Handset Manufacturers More Versatility in Their Camera Phone Designs
SUNNYVALE, Calif.--(BUSINESS WIRE)--Feb. 17, 2003--OmniVision Technologies, Inc. (Nasdaq:OVTI - News), a market-leading independent supplier of CMOS CameraChip(TM) solutions for high-volume imaging applications, today announced availability of their OV7648FS and OV7645FS VGA 640x480 resolution CameraChip modules for integration into mobile phones, PDAs and PC cameras. Utilizing the previously announced OV7640 CameraChip technology and the OV7648 ChipScale packaging, OmniVision`s new modules are targeted at manufacturers of wireless handsets and camera accessories where large scale production of small form factor modules is desired.
"This is a major breakthrough for handset manufacturers," stated John Lynch, Vice President of Worldwide Sales and Marketing at OmniVision. "Finding camera modules with small footprints and low profiles has been one of their biggest challenges."
OmniVision has combined their CameraChip, a flex cable, a lens and lens housing on modules measuring in at 8x8x6.15mm for the OV7645FS and 8x8x5.3mm for the OV7648FS. These solutions operate at 2.5V and consume less than 40 mW of power when running at 30 fps (VGA). 2.5V is the internal power voltage generally supplied in cellular handsets. By requiring 2.5V, the OV7645FS and the OV7648FS will demand fewer supporting components compared to competing solutions which typically require multiple or a higher voltage power supply, thereby reducing integration costs and design complexity.
Both the OV7645FS and the OV7648FS CameraChips take advantage of OmniVision`s proprietary analog processing technology to provide formatted YUV directly from the device. Both CameraChips cancel Fixed Pattern Noise (FPN), eliminate smearing, and reduce blooming thereby enhancing the image quality and eliminating the need for additional image processing that is common with competing solutions. The following functions are programmable through an integrated serial SCCB interface:
-- Auto Exposure Control
-- Auto White Balance
-- Color saturation
-- Windowing
-- Gamma correction
-- Sharpness control
-- Hue control
Contact sales@ovt.com for pricing and availability.
About OmniVision
OmniVision Technologies, Inc. is an independent CameraChip solutions provider. Utilizing proprietary design technology for its highly integrated still-photo and video camera solutions for high-volume imaging applications, OmniVision integrates multiple image processing and capture functions into a single CameraChip design. With the addition of only a lens, the result is a low-cost CameraChip that consumes less power, has a greater environmental functioning range and has a smaller footprint than typical CMOS multi-chip image sensor solutions. OmniVision`s CameraChip solutions are in cell phones, personal digital assistants, automobiles and industrial machine vision applications, as well as surveillance and biometric security applications. OmniVision is based in Sunnyvale, Calif. For more information about the company, visit our Website at www.ovt.com.
OmniVision and CameraChip are trademarks of OmniVision Technologies, Inc. All other trade, product or service names referenced in this release may be trademarks or registered trademarks of their respective holders.
Safe Harbor Language
Certain statements in this press release, including statements regarding the characteristics, anticipated benefits and functionality of the Company`s OV7648FS and OV7645FS are forward looking statements that are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward looking statements and OmniVision`s results to differ materially, include, without limitation: potential errors, design flaws or other problems with either the OV7648FS or the OV7645FS; customer acceptance and demand for both the OV7648FS and the OV7645FS; the growth of the markets for the OV7648FS and the OV7645FS and the other risks detailed from time to time in OmniVision`s Securities and Exchange Commission filings and reports, including, but not limited to, OmniVision`s quarterly reports filed on form 10-Q. OmniVision disclaims any obligation to update information contained in any forward looking statement.
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
Steve Rowley, 408/733-3030 ext. 104
press@ovt.com
--------------------------------------------------------------------------------
Source: OmniVision Technologies
Monday February 17, 3:00 am ET
Smaller Modules Allow Handset Manufacturers More Versatility in Their Camera Phone Designs
SUNNYVALE, Calif.--(BUSINESS WIRE)--Feb. 17, 2003--OmniVision Technologies, Inc. (Nasdaq:OVTI - News), a market-leading independent supplier of CMOS CameraChip(TM) solutions for high-volume imaging applications, today announced availability of their OV7648FS and OV7645FS VGA 640x480 resolution CameraChip modules for integration into mobile phones, PDAs and PC cameras. Utilizing the previously announced OV7640 CameraChip technology and the OV7648 ChipScale packaging, OmniVision`s new modules are targeted at manufacturers of wireless handsets and camera accessories where large scale production of small form factor modules is desired.
"This is a major breakthrough for handset manufacturers," stated John Lynch, Vice President of Worldwide Sales and Marketing at OmniVision. "Finding camera modules with small footprints and low profiles has been one of their biggest challenges."
OmniVision has combined their CameraChip, a flex cable, a lens and lens housing on modules measuring in at 8x8x6.15mm for the OV7645FS and 8x8x5.3mm for the OV7648FS. These solutions operate at 2.5V and consume less than 40 mW of power when running at 30 fps (VGA). 2.5V is the internal power voltage generally supplied in cellular handsets. By requiring 2.5V, the OV7645FS and the OV7648FS will demand fewer supporting components compared to competing solutions which typically require multiple or a higher voltage power supply, thereby reducing integration costs and design complexity.
Both the OV7645FS and the OV7648FS CameraChips take advantage of OmniVision`s proprietary analog processing technology to provide formatted YUV directly from the device. Both CameraChips cancel Fixed Pattern Noise (FPN), eliminate smearing, and reduce blooming thereby enhancing the image quality and eliminating the need for additional image processing that is common with competing solutions. The following functions are programmable through an integrated serial SCCB interface:
-- Auto Exposure Control
-- Auto White Balance
-- Color saturation
-- Windowing
-- Gamma correction
-- Sharpness control
-- Hue control
Contact sales@ovt.com for pricing and availability.
About OmniVision
OmniVision Technologies, Inc. is an independent CameraChip solutions provider. Utilizing proprietary design technology for its highly integrated still-photo and video camera solutions for high-volume imaging applications, OmniVision integrates multiple image processing and capture functions into a single CameraChip design. With the addition of only a lens, the result is a low-cost CameraChip that consumes less power, has a greater environmental functioning range and has a smaller footprint than typical CMOS multi-chip image sensor solutions. OmniVision`s CameraChip solutions are in cell phones, personal digital assistants, automobiles and industrial machine vision applications, as well as surveillance and biometric security applications. OmniVision is based in Sunnyvale, Calif. For more information about the company, visit our Website at www.ovt.com.
OmniVision and CameraChip are trademarks of OmniVision Technologies, Inc. All other trade, product or service names referenced in this release may be trademarks or registered trademarks of their respective holders.
Safe Harbor Language
Certain statements in this press release, including statements regarding the characteristics, anticipated benefits and functionality of the Company`s OV7648FS and OV7645FS are forward looking statements that are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward looking statements and OmniVision`s results to differ materially, include, without limitation: potential errors, design flaws or other problems with either the OV7648FS or the OV7645FS; customer acceptance and demand for both the OV7648FS and the OV7645FS; the growth of the markets for the OV7648FS and the OV7645FS and the other risks detailed from time to time in OmniVision`s Securities and Exchange Commission filings and reports, including, but not limited to, OmniVision`s quarterly reports filed on form 10-Q. OmniVision disclaims any obligation to update information contained in any forward looking statement.
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
Steve Rowley, 408/733-3030 ext. 104
press@ovt.com
--------------------------------------------------------------------------------
Source: OmniVision Technologies
OmniVision Reports Revenues and Net Income for Third-Quarter Fiscal 2003
Wednesday February 19, 4:05 pm ET
SUNNYVALE, Calif.--(BUSINESS WIRE)--Feb. 19, 2003--OmniVision Technologies, Inc. (Nasdaq:OVTI - News) reported that for the three months ended January 31, 2003, it earned a record $4.6 million, or $0.18 per diluted share, on record revenues of $30.5 million, compared to net income of $330,000, or $0.01 per diluted share, on revenues of $10.0 million in the third quarter of fiscal 2002, which ended January 31, 2002. OmniVision`s current fiscal year ends April 30, 2003.
ADVERTISEMENT
For the three months ended January 31, 2003, gross profit was $11.5 million, or 37.8% of revenues, and included approximately $347,000 from the sale of previously written-off inventory. This compares to a gross profit of $8.7 million, or 39.9% of revenues, in the immediately preceding quarter ended October 31, 2002, which included approximately $957,000 from the sale of previously written-off inventory. Gross profit in the three months ended January 31, 2002 was $4.2 million, or 42.5% of revenues, and included approximately $1.3 million from the sale of previously written-off inventory, which was partially offset by an inventory write-down of approximately $600,000.
Absent sales of previously written-off inventory, gross margins would have been 37.1% of revenues in the three months ended January 31, 2003, compared to 37.2% of revenues in the three months ended October 31, 2002, and 35.1% of revenues in the three months ended January 31, 2002. Excluding benefits from the sale of previously written-off product, net income for the three months ended January 31, 2003, would have been approximately $4.3 million, or $0.17 per diluted share, compared to net income of approximately $2.2 million, or $0.09 per diluted share, for the three months ended October 31, 2002; for the three months ended January 31, 2002, the Company would have reported a net loss of approximately $413,000, or $0.02 per share.
Shaw Hong, OmniVision`s president and CEO, noted that third-quarter revenues were three times those of the comparable period in fiscal 2002, and sequentially 40% higher than second-quarter fiscal 2003 revenues of $21.7 million. Hong attributed the higher-than-expected revenues and earnings to exceptionally strong demand from manufacturers of digital still cameras and cameras for cell phones. "Many of our customers in Asia accelerated delivery schedules in anticipation of the Chinese New Year in February," said Hong. "Consequently, our current expectations are that we will see only modest sequential growth in the fourth quarter." For the quarter ending April 30, 2003, the Company currently expects to report earnings in a range of $0.18 to $0.19 per diluted share on revenues of $31 million to $33 million; these expectations do not presume the sale of any previously written-off inventory.
For the three months ended January 31, 2003, direct sales to original equipment manufacturers and value-added resellers accounted for approximately 66% of revenues, with the balance of approximately 34% coming from sales through our distributors. Research and development expenses were $3.1 million, or 10.3% of revenues, compared to $2.5 million, or 11.4% of revenues, in the prior quarter. Selling, marketing, general and administrative expenses were $2.9 million, or 9.4% of revenues, compared to $2.7 million, or 12.5% of revenues, in the three months ended October 31, 2002.
As of January 31, 2003, the Company had $53.8 million in cash and short-term investments, $72.9 million in working capital, no debt, and stockholders` equity of $84.0 million.
About OmniVision
OmniVision Technologies is a supplier of highly integrated semiconductor imaging devices for high-volume, low-cost computing, communications and consumer electronics applications. With its small footprint and low power consumption, the Company`s proprietary highly integrated CameraChip(TM) enjoys significant competitive advantages over CCD image sensors and other multi-chip CMOS solutions. Single-photo and video applications include cameras for cell phones, PDAs, motor vehicles, digital still cameras, commercial and residential surveillance, toys and games, and biometric identification. Further information is available at www.ovt.com.
OmniVision and CameraChip(TM) are trademarks of OmniVision Technologies, Inc.
Safe Harbor
Certain statements in this press release, including statements relating to the Company`s expectations regarding revenues and earnings for the quarter ended January 31, 2003 are forward-looking statements that are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward looking statements and OmniVision`s results to differ materially, include, without limitation: the degree to which intense competition might affect the Company`s ability to compete successfully in its current markets and in emerging markets; the failure to obtain design wins from camera and cell phone manufacturers, which could inhibit the Company`s ability to diversify its customer base; problems with wafer manufacturing yields, which could result in higher operating costs and adversely affect the Company`s revenues and earnings; the Company`s dependence upon a few key customers, which could adversely affect its revenues and earnings; a decline in the average selling price of the Company`s products, which could result in a decline in its gross margins; the failure of demand for the Company`s products in current markets and emerging markets to meet the Company`s expectations, which could result in lower revenues and earnings and the other risks detailed from time to time in OmniVision`s Securities and Exchange Commission filings and reports, including, but not limited to, OmniVision`s quarterly reports filed on form 10-Q. OmniVision disclaims any obligation to update information contained in any forward looking statement.
OMNIVISION TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
(unaudited)
January 31, April 30,
2003 2002
ASSETS
Current assets:
Cash and cash equivalents $48,588 $55,803
Short-term investments 5,173 2,002
Accounts receivable, net 18,071 10,787
Inventories 16,297 3,244
Refundable and deferred income taxes 2,861 3,066
Prepaid expenses and other assets 2,981 987
Total current assets 93,971 75,889
Property, plant and equipment, net 10,759 6,164
Other non-current assets 343 288
Total assets $105,073 $82,341
LIABILITIES AND STOCKHOLDERS` EQUITY
Current liabilities:
Accounts payable $14,282 $5,865
Accrued expenses and other liabilities 4,545 4,306
Deferred revenue 2,244 651
Total current liabilities 21,071 10,822
Stockholders` equity:
Common stock, $0.001 par value; 100,000
shares authorized; 23,003 and 22,287 shares
issued and outstanding 23 22
Additional paid-in capital 98,464 95,469
Deferred compensation related to stock
options (227) (479)
Accumulated deficit (14,258) (23,493)
Total stockholders` equity 84,002 71,519
Total liabilities and stockholders`
equity $105,073 $82,341
OMNIVISION TECHNOLOGIES, INC.
CONDENSED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
(Unaudited)
Three Months Ended Nine Months Ended
January 31, January 31, January 31, January 31,
2003 2002 2003 2002
Revenues $30,522 $9,973 $69,055 $33,399
Cost of revenues 18,980 5,732 42,317 19,456
Gross profit 11,542 4,241 26,738 13,943
Operating expenses:
Research and
development 3,132 1,851 8,251 5,337
Selling, general and
administrative 2,869 2,205 7,659 8,828
Stock compensation
charge 68 107 332 432
Litigation
settlement -- -- -- 3,500
Total operating
expenses 6,069 4,163 16,242 18,097
Income (loss) from
operations 5,473 78 10,496 (4,154)
Interest income 199 252 631 1,273
Income (loss) before
income taxes 5,672 330 11,127 (2,881)
Provision for income
taxes 1,074 -- 1,892 --
Net income (loss) $4,598 $330 $9,235 $(2,881)
Net income (loss) per
share:
Basic $0.20 $0.02 $0.41 $(0.13)
Diluted $0.18 $0.01 $0.38 $(0.13)
Shares used in
computing net income
per share:
Basic 22,807 21,936 22,498 21,801
Diluted 25,563 24,605 24,535 21,801
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
H. Gene McCown, 408/733-3030
or
Silverman Heller Associates
Philip Bourdillon/Gene Heller, 310/208-2550
--------------------------------------------------------------------------------
Source: OmniVision Technologies, Inc.
Wednesday February 19, 4:05 pm ET
SUNNYVALE, Calif.--(BUSINESS WIRE)--Feb. 19, 2003--OmniVision Technologies, Inc. (Nasdaq:OVTI - News) reported that for the three months ended January 31, 2003, it earned a record $4.6 million, or $0.18 per diluted share, on record revenues of $30.5 million, compared to net income of $330,000, or $0.01 per diluted share, on revenues of $10.0 million in the third quarter of fiscal 2002, which ended January 31, 2002. OmniVision`s current fiscal year ends April 30, 2003.
ADVERTISEMENT
For the three months ended January 31, 2003, gross profit was $11.5 million, or 37.8% of revenues, and included approximately $347,000 from the sale of previously written-off inventory. This compares to a gross profit of $8.7 million, or 39.9% of revenues, in the immediately preceding quarter ended October 31, 2002, which included approximately $957,000 from the sale of previously written-off inventory. Gross profit in the three months ended January 31, 2002 was $4.2 million, or 42.5% of revenues, and included approximately $1.3 million from the sale of previously written-off inventory, which was partially offset by an inventory write-down of approximately $600,000.
Absent sales of previously written-off inventory, gross margins would have been 37.1% of revenues in the three months ended January 31, 2003, compared to 37.2% of revenues in the three months ended October 31, 2002, and 35.1% of revenues in the three months ended January 31, 2002. Excluding benefits from the sale of previously written-off product, net income for the three months ended January 31, 2003, would have been approximately $4.3 million, or $0.17 per diluted share, compared to net income of approximately $2.2 million, or $0.09 per diluted share, for the three months ended October 31, 2002; for the three months ended January 31, 2002, the Company would have reported a net loss of approximately $413,000, or $0.02 per share.
Shaw Hong, OmniVision`s president and CEO, noted that third-quarter revenues were three times those of the comparable period in fiscal 2002, and sequentially 40% higher than second-quarter fiscal 2003 revenues of $21.7 million. Hong attributed the higher-than-expected revenues and earnings to exceptionally strong demand from manufacturers of digital still cameras and cameras for cell phones. "Many of our customers in Asia accelerated delivery schedules in anticipation of the Chinese New Year in February," said Hong. "Consequently, our current expectations are that we will see only modest sequential growth in the fourth quarter." For the quarter ending April 30, 2003, the Company currently expects to report earnings in a range of $0.18 to $0.19 per diluted share on revenues of $31 million to $33 million; these expectations do not presume the sale of any previously written-off inventory.
For the three months ended January 31, 2003, direct sales to original equipment manufacturers and value-added resellers accounted for approximately 66% of revenues, with the balance of approximately 34% coming from sales through our distributors. Research and development expenses were $3.1 million, or 10.3% of revenues, compared to $2.5 million, or 11.4% of revenues, in the prior quarter. Selling, marketing, general and administrative expenses were $2.9 million, or 9.4% of revenues, compared to $2.7 million, or 12.5% of revenues, in the three months ended October 31, 2002.
As of January 31, 2003, the Company had $53.8 million in cash and short-term investments, $72.9 million in working capital, no debt, and stockholders` equity of $84.0 million.
About OmniVision
OmniVision Technologies is a supplier of highly integrated semiconductor imaging devices for high-volume, low-cost computing, communications and consumer electronics applications. With its small footprint and low power consumption, the Company`s proprietary highly integrated CameraChip(TM) enjoys significant competitive advantages over CCD image sensors and other multi-chip CMOS solutions. Single-photo and video applications include cameras for cell phones, PDAs, motor vehicles, digital still cameras, commercial and residential surveillance, toys and games, and biometric identification. Further information is available at www.ovt.com.
OmniVision and CameraChip(TM) are trademarks of OmniVision Technologies, Inc.
Safe Harbor
Certain statements in this press release, including statements relating to the Company`s expectations regarding revenues and earnings for the quarter ended January 31, 2003 are forward-looking statements that are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward looking statements and OmniVision`s results to differ materially, include, without limitation: the degree to which intense competition might affect the Company`s ability to compete successfully in its current markets and in emerging markets; the failure to obtain design wins from camera and cell phone manufacturers, which could inhibit the Company`s ability to diversify its customer base; problems with wafer manufacturing yields, which could result in higher operating costs and adversely affect the Company`s revenues and earnings; the Company`s dependence upon a few key customers, which could adversely affect its revenues and earnings; a decline in the average selling price of the Company`s products, which could result in a decline in its gross margins; the failure of demand for the Company`s products in current markets and emerging markets to meet the Company`s expectations, which could result in lower revenues and earnings and the other risks detailed from time to time in OmniVision`s Securities and Exchange Commission filings and reports, including, but not limited to, OmniVision`s quarterly reports filed on form 10-Q. OmniVision disclaims any obligation to update information contained in any forward looking statement.
OMNIVISION TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
(unaudited)
January 31, April 30,
2003 2002
ASSETS
Current assets:
Cash and cash equivalents $48,588 $55,803
Short-term investments 5,173 2,002
Accounts receivable, net 18,071 10,787
Inventories 16,297 3,244
Refundable and deferred income taxes 2,861 3,066
Prepaid expenses and other assets 2,981 987
Total current assets 93,971 75,889
Property, plant and equipment, net 10,759 6,164
Other non-current assets 343 288
Total assets $105,073 $82,341
LIABILITIES AND STOCKHOLDERS` EQUITY
Current liabilities:
Accounts payable $14,282 $5,865
Accrued expenses and other liabilities 4,545 4,306
Deferred revenue 2,244 651
Total current liabilities 21,071 10,822
Stockholders` equity:
Common stock, $0.001 par value; 100,000
shares authorized; 23,003 and 22,287 shares
issued and outstanding 23 22
Additional paid-in capital 98,464 95,469
Deferred compensation related to stock
options (227) (479)
Accumulated deficit (14,258) (23,493)
Total stockholders` equity 84,002 71,519
Total liabilities and stockholders`
equity $105,073 $82,341
OMNIVISION TECHNOLOGIES, INC.
CONDENSED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
(Unaudited)
Three Months Ended Nine Months Ended
January 31, January 31, January 31, January 31,
2003 2002 2003 2002
Revenues $30,522 $9,973 $69,055 $33,399
Cost of revenues 18,980 5,732 42,317 19,456
Gross profit 11,542 4,241 26,738 13,943
Operating expenses:
Research and
development 3,132 1,851 8,251 5,337
Selling, general and
administrative 2,869 2,205 7,659 8,828
Stock compensation
charge 68 107 332 432
Litigation
settlement -- -- -- 3,500
Total operating
expenses 6,069 4,163 16,242 18,097
Income (loss) from
operations 5,473 78 10,496 (4,154)
Interest income 199 252 631 1,273
Income (loss) before
income taxes 5,672 330 11,127 (2,881)
Provision for income
taxes 1,074 -- 1,892 --
Net income (loss) $4,598 $330 $9,235 $(2,881)
Net income (loss) per
share:
Basic $0.20 $0.02 $0.41 $(0.13)
Diluted $0.18 $0.01 $0.38 $(0.13)
Shares used in
computing net income
per share:
Basic 22,807 21,936 22,498 21,801
Diluted 25,563 24,605 24,535 21,801
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
H. Gene McCown, 408/733-3030
or
Silverman Heller Associates
Philip Bourdillon/Gene Heller, 310/208-2550
--------------------------------------------------------------------------------
Source: OmniVision Technologies, Inc.
4:13PM OmniVision tops estimates; guides higher (OVTI) 16.51 -0.74: Reports Q3 (Jan) earnings of $0.18 per share, $0.08 better than the Multex consensus of $0.10; revenues rose 205.0% year/year to $30.5 mln vs the $22.2 mln consensus; for the quarter ending April 30, 2003, the company currently expects to report earnings in a range of $0.18 to $0.19 per diluted share on revenues of $31 million to $33 million -- Multex consensus estimates are $0.11 per share and $24 million respectively.
@panik
klasse zahlen von ovti!!!genial!!!!
tolles wachstum und klasse ausblick!
nachbörslich 18,31$
klasse zahlen von ovti!!!genial!!!!
tolles wachstum und klasse ausblick!
nachbörslich 18,31$
10:07AM OmniVision nearing multi-month highs (OVTI) 19.23 +1.23: -- Technical -- Takes out recent trading range top and subsequent minor barriers in early trade with little other than the 19.25 area standing in the way of the Dec/Nov highs at 19.48/19.53. Intraday support is at 18.60.
Neuer Jahreshöchststand!
und News!
OmniVision Anounces 3.1 Megapixel CameraChip with New VarioPixel Technology
Monday March 3, 12:11 pm ET
New High Resolution Chip Has Advanced Video and Low-light Sensitivity Modes
SUNNYVALE, Calif.--(BUSINESS WIRE)--March 3, 2003-- OmniVision Technologies, Inc. (Nasdaq:OVTI - News), a market-leading independent supplier of CameraChip(TM) solutions for high-volume imaging applications, today announced it has begun sampling 3.1 Mega-Pixel CameraChips to customers with its newly developed VarioPixel(TM) technology. The 3.1 Mega-Pixel OV3610 CameraChip is designed for use by volume manufacturers of Digital Still Cameras or combination still image/video cameras where high image quality and low power constraints place stringent demands on CameraChip providers. VarioPixel is a new technology developed by OmniVision to enhance the video and low light capabilities of its high resolution CameraChips.
"OmniVision continues to demonstrate technology leadership with our new 3.1 mega pixel CameraChip," stated John Lynch, Vice President Sales and Marketing at OmniVision. "By providing enhanced capabilities afforded by our VarioPixel technology, we believe we will be able to offer the most competitive solution in terms of price, performance and features."
VarioPixel is a newly developed technology that uses multiple pixels to act as a single pixel in order to improve the chips performance. CameraChips that incorporate the technology can provide significantly improved low light performance at video resolutions giving consumers improved LCD preview capabilities and enhanced video capture.
The OV3610 is a 1/2 inch optical format CMOS CameraChip with 2048 x 1536 pixels, enabling high quality 3"x 5", 4"x 6" and 8" x 10" prints. This latest CameraChip offering by Omnivision outputs Bayer Pattern RGB data and integrates auto-white balance, auto-exposure, auto-gain control and performs correlated double sampling. Based on the VarioPixel technology, it can output XGA resolution video with 4x low light performance enhancement.
The OV3610 is pin-for-pin compatible with OmniVision`s current OV9620 1.3 Mega-Pixel and the OV2610 2 Mega-Pixel CameraChips. It draws less than 50mA at 3.3 volts, significantly less than comparable CCD based multi-chip image sensor solutions currently available on the market. CMOS CameraChips require fewer supporting components than comparable CCD offerings. This allows manufacturers to reduce the overall size and complexity of their camera design and speed the camera manufacturers` time-to-market.
OmniVision is demonstrating the OV3610 in their booth at the PMA 2003 Camera Show in Las Vegas March 2-5.
To schedule a meeting or demonstration at the Show, please contact:
Steve Rowley
Phone: (408) 733-3030 x104
srowley@ovt.com
Or see us at booth R33-35
For More Information
For more information on OmniVision`s OV3610 CameraChip or the Early Access Partner program, please contact OmniVision by phone at 408-733-3030, via e-mail at sales@ovt.com or visit our website at www.ovt.com.
About OmniVision
OmniVision Technologies, Inc. is an independent CameraChip(TM) solutions provider. Utilizing proprietary design technology for its highly integrated still-photo and video camera solutions for high-volume imaging applications, OmniVision integrates multiple image processing and capture functions into a single CameraChip design. With the addition of only a lens, the result is a low-cost CameraChip that consumes less power, has a greater environmental functioning range and has a smaller footprint than typical CMOS multi-chip image sensor solutions. Omnivision`s CameraChip solutions are in cell phones, personal digital assistants, automobiles and industrial machine vision applications, as well as surveillance and biometric security applications. OmniVision is based in Sunnyvale, California. For more information about the company, visit our Website at www.ovt.com.
NOTE: OmniVision and CameraChip are trademarks of OmniVision Technologies, Inc.
Safe Harbor Language
Certain statements in this press release, including statements regarding the characteristics, anticipated benefits and functionality of the OmniVision`s 3.1 megapixel OV3610 Camera Chip and VarioPixel technology are forward looking statements that are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward looking statements and OmniVision`s results to differ materially, include, without limitation: potential errors, design flaws or other problems with the 3.1 megapixel OV3610 Camera Chip; customer acceptance and demand for the 3.1 megapixel OV3610 Camera Chip and for the Company`s VarioPixel technology; the growth of markets for the 3.1 megapixel OV3610 Camera Chip and VarioPixel technology and the other risks detailed from time to time in OmniVision`s Securities and Exchange Commission filings and reports, including, but not limited to, OmniVision`s quarterly reports filed on form 10-Q. OmniVision disclaims any obligation to update information contained in any forward looking statement.
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
Steve Rowley, 408/733-3030 x104
srowley@ovt.com
--------------------------------------------------------------------------------
Source: OmniVision Technologies
und News!
OmniVision Anounces 3.1 Megapixel CameraChip with New VarioPixel Technology
Monday March 3, 12:11 pm ET
New High Resolution Chip Has Advanced Video and Low-light Sensitivity Modes
SUNNYVALE, Calif.--(BUSINESS WIRE)--March 3, 2003-- OmniVision Technologies, Inc. (Nasdaq:OVTI - News), a market-leading independent supplier of CameraChip(TM) solutions for high-volume imaging applications, today announced it has begun sampling 3.1 Mega-Pixel CameraChips to customers with its newly developed VarioPixel(TM) technology. The 3.1 Mega-Pixel OV3610 CameraChip is designed for use by volume manufacturers of Digital Still Cameras or combination still image/video cameras where high image quality and low power constraints place stringent demands on CameraChip providers. VarioPixel is a new technology developed by OmniVision to enhance the video and low light capabilities of its high resolution CameraChips.
"OmniVision continues to demonstrate technology leadership with our new 3.1 mega pixel CameraChip," stated John Lynch, Vice President Sales and Marketing at OmniVision. "By providing enhanced capabilities afforded by our VarioPixel technology, we believe we will be able to offer the most competitive solution in terms of price, performance and features."
VarioPixel is a newly developed technology that uses multiple pixels to act as a single pixel in order to improve the chips performance. CameraChips that incorporate the technology can provide significantly improved low light performance at video resolutions giving consumers improved LCD preview capabilities and enhanced video capture.
The OV3610 is a 1/2 inch optical format CMOS CameraChip with 2048 x 1536 pixels, enabling high quality 3"x 5", 4"x 6" and 8" x 10" prints. This latest CameraChip offering by Omnivision outputs Bayer Pattern RGB data and integrates auto-white balance, auto-exposure, auto-gain control and performs correlated double sampling. Based on the VarioPixel technology, it can output XGA resolution video with 4x low light performance enhancement.
The OV3610 is pin-for-pin compatible with OmniVision`s current OV9620 1.3 Mega-Pixel and the OV2610 2 Mega-Pixel CameraChips. It draws less than 50mA at 3.3 volts, significantly less than comparable CCD based multi-chip image sensor solutions currently available on the market. CMOS CameraChips require fewer supporting components than comparable CCD offerings. This allows manufacturers to reduce the overall size and complexity of their camera design and speed the camera manufacturers` time-to-market.
OmniVision is demonstrating the OV3610 in their booth at the PMA 2003 Camera Show in Las Vegas March 2-5.
To schedule a meeting or demonstration at the Show, please contact:
Steve Rowley
Phone: (408) 733-3030 x104
srowley@ovt.com
Or see us at booth R33-35
For More Information
For more information on OmniVision`s OV3610 CameraChip or the Early Access Partner program, please contact OmniVision by phone at 408-733-3030, via e-mail at sales@ovt.com or visit our website at www.ovt.com.
About OmniVision
OmniVision Technologies, Inc. is an independent CameraChip(TM) solutions provider. Utilizing proprietary design technology for its highly integrated still-photo and video camera solutions for high-volume imaging applications, OmniVision integrates multiple image processing and capture functions into a single CameraChip design. With the addition of only a lens, the result is a low-cost CameraChip that consumes less power, has a greater environmental functioning range and has a smaller footprint than typical CMOS multi-chip image sensor solutions. Omnivision`s CameraChip solutions are in cell phones, personal digital assistants, automobiles and industrial machine vision applications, as well as surveillance and biometric security applications. OmniVision is based in Sunnyvale, California. For more information about the company, visit our Website at www.ovt.com.
NOTE: OmniVision and CameraChip are trademarks of OmniVision Technologies, Inc.
Safe Harbor Language
Certain statements in this press release, including statements regarding the characteristics, anticipated benefits and functionality of the OmniVision`s 3.1 megapixel OV3610 Camera Chip and VarioPixel technology are forward looking statements that are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward looking statements and OmniVision`s results to differ materially, include, without limitation: potential errors, design flaws or other problems with the 3.1 megapixel OV3610 Camera Chip; customer acceptance and demand for the 3.1 megapixel OV3610 Camera Chip and for the Company`s VarioPixel technology; the growth of markets for the 3.1 megapixel OV3610 Camera Chip and VarioPixel technology and the other risks detailed from time to time in OmniVision`s Securities and Exchange Commission filings and reports, including, but not limited to, OmniVision`s quarterly reports filed on form 10-Q. OmniVision disclaims any obligation to update information contained in any forward looking statement.
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
Steve Rowley, 408/733-3030 x104
srowley@ovt.com
--------------------------------------------------------------------------------
Source: OmniVision Technologies
Has risen 664% since the bottom on 3 Oct 2001 at 2.53. Is within an approximate horizontal trend, which indicates further development in the same direction. Has given positive signal from a rectangle formation by a break up through the resistance at 15.68. Further rise to 20.59 or more is signaled. RSI is, however, overbought, which indicates a potential short-term reaction down. Positive volume balance, i.e. high volume in days of rising prices and low volume in days of falling prices, strengthens the stock in the short term.
Support and resistance: The stock has marginally broken up through the resistance at 18.60 . An established break predicts a further rise.
The average difference between the highest and lowest price of the month is 58%. The risk is therefore high.
http://www.depotking.de/tradecentre/index.php?aktion=anzeige…
01.03. - Darvas-Depot: Zwei Kursraketen für Sie!
Für grundsätzliche Infos zur Darvas-Strategie klicken Sie hier!
Sehr geehrte DARVAS-Gemeinde,
es ist Zeit die Vorbereitungen zu treffen – und zwar für einen Ausbruch der Märkte nach oben. Keine Angst, liebe Leser, ich werde weiter jede Marktprognose vermeiden. Nur, die Anzeichen dafür, dass wir bald einen Wendepunkt erreichen könnten, mehren sich. Obwohl der Irak-Krieg immer näher rückt, die Nervosität sich eigentlich ihrem Höhepunkt nähern sollte und damit die Kurse neuen Tiefs, will der US-Markt einfach nicht fallen. Eventuell bahnt sich ja sogar eine Sensation an, wenn sich Meldungen bestätigen wonach bei einem arabischen Gipfel in Scharm-el-Scheich, eventuell ein Beschluß gefaßt wird, wonach Saddam und seine Führungsriege den Irak verlassen sollen. Aber das lassen wi rmal dahin gestellt.
Sicher ist auf jeden Fall: Der von mir so geschätzte NAHL-Indikator dreht gerade wieder in den positiven Bereich, die Zahl der Aktien mit neuen 52-Wochen-Hochs steigt wieder deutlich an. Das alles muß nichts heißen – aber wir sollten die Signale nicht überhören, die da sagen: Achtung, es könnte bald was passieren!
Also bereiten wir uns vor. Wie macht man das? Zunächst überprüfen wir die Werte, die sich im Depot befinden auf ihre mögliche Reaktion beim Ausbruch der Märkte. Mit Emerson und eResearch haben wir momentan zwei Aktien, die sich beide relativ unbeeindruckt vom Gesamtmarkt entwickeln. Es besteht also hier die Gefahr einer Underperformance bei einem stärkeren Anziehen des Aktienmarktes. Folglich habe ich mich auf die Suche nach etwas marktabhängigeren Technologiewerten gemacht und bin dabei auf Omnivision (OTVI) gestossen.
[/url]
Das hochinnovative Unternehmen stellt unter anderem den sogenannten CameraChip für Handys her, verfügt über ein explosives Wachstum, stark steigende Börsenumsätze und markierte am Freitag bereits ein neues 52-Wochen- Hoch. Wir schlagen zu, wenn das Papier die 20 US-Dollar-Marke knacken sollte und damit ein nachhaltiges neues Hoch markieren würde. Wir legen eine Stop-Buy-Marke bei 20 US-Dollar in den Markt.
01.03. - Darvas-Depot: Zwei Kursraketen für Sie!
Für grundsätzliche Infos zur Darvas-Strategie klicken Sie hier!
Sehr geehrte DARVAS-Gemeinde,
es ist Zeit die Vorbereitungen zu treffen – und zwar für einen Ausbruch der Märkte nach oben. Keine Angst, liebe Leser, ich werde weiter jede Marktprognose vermeiden. Nur, die Anzeichen dafür, dass wir bald einen Wendepunkt erreichen könnten, mehren sich. Obwohl der Irak-Krieg immer näher rückt, die Nervosität sich eigentlich ihrem Höhepunkt nähern sollte und damit die Kurse neuen Tiefs, will der US-Markt einfach nicht fallen. Eventuell bahnt sich ja sogar eine Sensation an, wenn sich Meldungen bestätigen wonach bei einem arabischen Gipfel in Scharm-el-Scheich, eventuell ein Beschluß gefaßt wird, wonach Saddam und seine Führungsriege den Irak verlassen sollen. Aber das lassen wi rmal dahin gestellt.
Sicher ist auf jeden Fall: Der von mir so geschätzte NAHL-Indikator dreht gerade wieder in den positiven Bereich, die Zahl der Aktien mit neuen 52-Wochen-Hochs steigt wieder deutlich an. Das alles muß nichts heißen – aber wir sollten die Signale nicht überhören, die da sagen: Achtung, es könnte bald was passieren!
Also bereiten wir uns vor. Wie macht man das? Zunächst überprüfen wir die Werte, die sich im Depot befinden auf ihre mögliche Reaktion beim Ausbruch der Märkte. Mit Emerson und eResearch haben wir momentan zwei Aktien, die sich beide relativ unbeeindruckt vom Gesamtmarkt entwickeln. Es besteht also hier die Gefahr einer Underperformance bei einem stärkeren Anziehen des Aktienmarktes. Folglich habe ich mich auf die Suche nach etwas marktabhängigeren Technologiewerten gemacht und bin dabei auf Omnivision (OTVI) gestossen.
Das hochinnovative Unternehmen stellt unter anderem den sogenannten CameraChip für Handys her, verfügt über ein explosives Wachstum, stark steigende Börsenumsätze und markierte am Freitag bereits ein neues 52-Wochen- Hoch. Wir schlagen zu, wenn das Papier die 20 US-Dollar-Marke knacken sollte und damit ein nachhaltiges neues Hoch markieren würde. Wir legen eine Stop-Buy-Marke bei 20 US-Dollar in den Markt.
OmniVision CameraChips Win Top Honors for Quality in Two Catagories at the PMA 2003 Camera Show
Friday March 14, 8:03 am ET
SUNNYVALE, Calif.--(BUSINESS WIRE)--March 14, 2003--OmniVision® Technologies, Inc. (Nasdaq:OVTI - News), a market-leading independent supplier of CameraChip(TM) solutions for high-volume imaging applications, announced today that their 1.3 and 2 Mega-Pixel CameraChips are embedded in the winners of the DV Camcorder and sub $100 Digital Still Camera categories at the 7th Annual DIMA Digital Camera Shoot-Out. Manufactured by Mustek, the DV 3000 Digital Video Camcorder received a first-place award in the DV Camcorder Category. The DV 3000 takes full advantage of the OmniVision OV2610 2 Mega-Pixels capabilities to produce both high quality Digital Video and Digital Still Photos. Manufactured by Vivitar, the Vivicam 3315 Digital Still Camera using the OV9620 1.3 Mega-Pixel CameraChip received a first-place award in the sub $100 Point and Shoot Digital Still Camera category.
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"This is a significant market achievement for OmniVision," stated Vern Klein, director of product marketing at OmniVision. "Winning both the DV Camcorder and the sub $100 DSC awards is a huge statement of quality for both OmniVision and CMOS. OmniVision continues to make high quality digital imaging affordable to consumers."
The Digital Imaging Marketing Association (DIMA) digital camera shoot-out was held in Las Vegas, Nev., during the DIMA 2003 Annual Conference at the Mandalay Bay Resort, concurrent with the Spring 2003 Photo Marketing Association (PMA) tradeshow.
At the DIMA competition, cameras were divided into three main categories, Point-and-Shoot, Prosumer/Professional, and Commercial. Prints from each camera were then shown anonymously from Sunday, March 2, through Wednesday, March 5, in the "DIMA Shoot-Out Voting Booth" on the PMA 2003 Trade Show floor at the Las Vegas Convention Center.
Images from the Point-and-Shoot cameras were printed on a Fuji Frontier 350 Digital Minilab supplied by Fuji Photo Film. PMA 2003 trade attendees (non-exhibitors) evaluated the results and cast ballots for the best print in each category. The entries were voted upon by trade attendees, based on the overall quality of the digital print and the accuracy of color as compared to samples of fabric worn by studio models. Cameras with the most votes within each category were announced at a press conference on Tuesday, March 4 at the convention center.
Seventy-one digital camera entries and twenty-four manufacturers participated in the competition. In total, eleven digital cameras were named winners in their respective classes.
OmniVision will be demonstrating their CameraChip technology in booth #3160 at the CTIA Wireless 2003 Show, in the Ernest N. Morial Convention Center in New Orleans, La., March 17-19.
To schedule a meeting or demonstration at the show, please contact:
Steve Rowley
Phone: 408/733-3030 x104
srowley@ovt.com
For More Information
For more information on OmniVision`s CameraChips, please contact OmniVision by phone at 408/733-3030, via e-mail at sales@ovt.com or visit our website at www.ovt.com.
About OmniVision
OmniVision Technologies, Inc. is an independent CameraChip(TM) solutions provider. Utilizing proprietary design technology for its highly integrated still-photo and video camera solutions for high-volume imaging applications, OmniVision integrates multiple image processing and capture functions into a single CameraChip design. With the addition of only a lens, the result is a low-cost CameraChip that consumes less power, has a greater environmental functioning range and has a smaller footprint than typical CMOS multi-chip image sensor solutions. OmniVision`s CameraChip solutions are in cell phones, personal digital assistants, automobiles and industrial machine vision applications, as well as surveillance and biometric security applications. OmniVision is based in Sunnyvale, Calif. For more information about the company, visit our website at www.ovt.com.
NOTE: OmniVision and CameraChip are trademarks of OmniVision Technologies, Inc.
Safe Harbor Language
Certain statements in this press release, including statements regarding the capabilities of OmniVision`s OV2610 2 megapixel CameraChip are forward looking statements that are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward looking statements and OmniVision`s results to differ materially, include, without limitation: potential errors, design flaws or other problems with the OV2610 2 megapixel CameraChip solution; customer acceptance and demand for the OV2610 2 megapixel and the OV9620 CameraChips and the other risks detailed from time to time in OmniVision`s Securities and Exchange Commission filings and reports, including, but not limited to, OmniVision`s quarterly reports filed on form 10-Q. OmniVision disclaims any obligation to update information contained in any forward looking statement.
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
Steve Rowley, 408/733-3030 ext. 104
srowley@ovt.com
--------------------------------------------------------------------------------
Source: OmniVision Technologies
Friday March 14, 8:03 am ET
SUNNYVALE, Calif.--(BUSINESS WIRE)--March 14, 2003--OmniVision® Technologies, Inc. (Nasdaq:OVTI - News), a market-leading independent supplier of CameraChip(TM) solutions for high-volume imaging applications, announced today that their 1.3 and 2 Mega-Pixel CameraChips are embedded in the winners of the DV Camcorder and sub $100 Digital Still Camera categories at the 7th Annual DIMA Digital Camera Shoot-Out. Manufactured by Mustek, the DV 3000 Digital Video Camcorder received a first-place award in the DV Camcorder Category. The DV 3000 takes full advantage of the OmniVision OV2610 2 Mega-Pixels capabilities to produce both high quality Digital Video and Digital Still Photos. Manufactured by Vivitar, the Vivicam 3315 Digital Still Camera using the OV9620 1.3 Mega-Pixel CameraChip received a first-place award in the sub $100 Point and Shoot Digital Still Camera category.
ADVERTISEMENT
"This is a significant market achievement for OmniVision," stated Vern Klein, director of product marketing at OmniVision. "Winning both the DV Camcorder and the sub $100 DSC awards is a huge statement of quality for both OmniVision and CMOS. OmniVision continues to make high quality digital imaging affordable to consumers."
The Digital Imaging Marketing Association (DIMA) digital camera shoot-out was held in Las Vegas, Nev., during the DIMA 2003 Annual Conference at the Mandalay Bay Resort, concurrent with the Spring 2003 Photo Marketing Association (PMA) tradeshow.
At the DIMA competition, cameras were divided into three main categories, Point-and-Shoot, Prosumer/Professional, and Commercial. Prints from each camera were then shown anonymously from Sunday, March 2, through Wednesday, March 5, in the "DIMA Shoot-Out Voting Booth" on the PMA 2003 Trade Show floor at the Las Vegas Convention Center.
Images from the Point-and-Shoot cameras were printed on a Fuji Frontier 350 Digital Minilab supplied by Fuji Photo Film. PMA 2003 trade attendees (non-exhibitors) evaluated the results and cast ballots for the best print in each category. The entries were voted upon by trade attendees, based on the overall quality of the digital print and the accuracy of color as compared to samples of fabric worn by studio models. Cameras with the most votes within each category were announced at a press conference on Tuesday, March 4 at the convention center.
Seventy-one digital camera entries and twenty-four manufacturers participated in the competition. In total, eleven digital cameras were named winners in their respective classes.
OmniVision will be demonstrating their CameraChip technology in booth #3160 at the CTIA Wireless 2003 Show, in the Ernest N. Morial Convention Center in New Orleans, La., March 17-19.
To schedule a meeting or demonstration at the show, please contact:
Steve Rowley
Phone: 408/733-3030 x104
srowley@ovt.com
For More Information
For more information on OmniVision`s CameraChips, please contact OmniVision by phone at 408/733-3030, via e-mail at sales@ovt.com or visit our website at www.ovt.com.
About OmniVision
OmniVision Technologies, Inc. is an independent CameraChip(TM) solutions provider. Utilizing proprietary design technology for its highly integrated still-photo and video camera solutions for high-volume imaging applications, OmniVision integrates multiple image processing and capture functions into a single CameraChip design. With the addition of only a lens, the result is a low-cost CameraChip that consumes less power, has a greater environmental functioning range and has a smaller footprint than typical CMOS multi-chip image sensor solutions. OmniVision`s CameraChip solutions are in cell phones, personal digital assistants, automobiles and industrial machine vision applications, as well as surveillance and biometric security applications. OmniVision is based in Sunnyvale, Calif. For more information about the company, visit our website at www.ovt.com.
NOTE: OmniVision and CameraChip are trademarks of OmniVision Technologies, Inc.
Safe Harbor Language
Certain statements in this press release, including statements regarding the capabilities of OmniVision`s OV2610 2 megapixel CameraChip are forward looking statements that are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward looking statements and OmniVision`s results to differ materially, include, without limitation: potential errors, design flaws or other problems with the OV2610 2 megapixel CameraChip solution; customer acceptance and demand for the OV2610 2 megapixel and the OV9620 CameraChips and the other risks detailed from time to time in OmniVision`s Securities and Exchange Commission filings and reports, including, but not limited to, OmniVision`s quarterly reports filed on form 10-Q. OmniVision disclaims any obligation to update information contained in any forward looking statement.
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
Steve Rowley, 408/733-3030 ext. 104
srowley@ovt.com
--------------------------------------------------------------------------------
Source: OmniVision Technologies
OmniVision to Demonstrate Small Form Factor 1.3 Mega-Pixel CameraChip Technology at CTIA Wireless 2003
Monday March 17, 8:19 am ET
Quarter Inch Lens Format Technology is Expected to Set New Standards in Image Resolution for Camera Phones
SUNNYVALE, Calif.--(BUSINESS WIRE)--March 17, 2003-- OmniVision Technologies, Inc. (Nasdaq:OVTI - News), a market-leading independent supplier of CameraChip(TM) solutions for high-volume imaging applications, today announced it will demonstrate quarter inch lens format 1.3 mega-pixel camera technology at the CTIA Wireless 2003 Show in New Orleans March 17-19. The demonstration will include the new VarioPixel(TM) technology showcased earlier this month at the Photo Marketing Association trade show in Las Vegas, Nev.
ADVERTISEMENT
"This demonstration has the potential to set a new standard for the photographic capabilities of cameras embedded in mobile handsets," stated John Lynch, vice president sales and marketing at OmniVision. "Cell phone manufacturers face the dilemma of constantly trying to make phones smaller while simultaneously increasing their features. With cameras, higher resolution usually means bigger lenses, making the job for cell phone designers very difficult if they want to build better cameras into their handsets. With this demonstration, we show that cellular handsets can have both small size and high resolution, giving everyone what they want."
Currently, most VGA resolution cameras embedded in phones use a quarter inch format lens. The lens format of a camera is directly proportional to the height of a complete camera solution. A 1.3 mega-pixel CameraChip with the same lens format as a VGA (640 x 480) resolution camera can produce a camera module for mobile handsets with higher resolution but without changing the overall design of the camera phone. 1.3 million pixels are generally considered the resolution required to create 5" x 7" keepsake quality prints.
"This demonstration will include our new VarioPixel(TM) technology," continued Lynch. "VarioPixel enhances the low light performance of the chip at lower resolutions and increases the video frame rate at relatively higher resolutions. When utilized in a 1.3 mega-pixel CameraChip with a quarter inch lens format, the result is a camera technology for mobile handsets that is at a par with current digital still cameras in terms of resolution and quality. This type of breakthrough has the potential to move camera phones out of the realm of being a `novelty` and into the realm of serious photography."
OmniVision will be demonstrating the quarter inch mega-pixel technology for mobile handsets in their booth #3160 at the CTIA Wireless 2003 Show, in the Ernest N. Morial Convention Center in New Orleans, La., March 17-19.
To schedule a meeting or demonstration at the show, please contact:
Steve Rowley
Phone: 408/733-3030 x104
srowley@ovt.com
For More Information
For more information on OmniVision`s CameraChips, please contact OmniVision by phone at 408/733-3030, via e-mail at sales@ovt.com or visit our website at www.ovt.com.
About OmniVision
OmniVision Technologies, Inc. is an independent CameraChip(TM) solutions provider. Utilizing proprietary design technology for its highly integrated still-photo and video camera solutions for high-volume imaging applications, OmniVision integrates multiple image processing and capture functions into a single CameraChip design. With the addition of only a lens, the result is a low-cost CameraChip that consumes less power, has a greater environmental functioning range and has a smaller footprint than typical CMOS multi-chip image sensor solutions. OmniVision`s CameraChip solutions are in cell phones, personal digital assistants, automobiles and industrial machine vision applications, as well as surveillance and biometric security applications. OmniVision is based in Sunnyvale, Calif. For more information about the company, visit our website at www.ovt.com.
NOTE: OmniVision and CameraChip are trademarks of OmniVision Technologies, Inc.
Safe Harbor Language
Certain statements in this press release, including statements regarding the characteristics, anticipated benefits and functionality of OmniVision`s 1.3 mega-pixel CameraChip technology and VarioPixel technology are forward looking statements that are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward looking statements and OmniVision`s results to differ materially, include, without limitation: potential errors, design flaws or other problems with the 1.3 mega-pixel CameraChip technology; customer acceptance and demand for the 1.3 mega-pixel OV9620 Camera Chip and for the Company`s VarioPixel technology; the growth of markets for the 1.3 mega-pixel CameraChip technology and VarioPixel technology and the other risks detailed from time to time in OmniVision`s Securities and Exchange Commission filings and reports, including, but not limited to, OmniVision`s quarterly reports filed on form 10-Q. OmniVision disclaims any obligation to update information contained in any forward looking statement.
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
Steve Rowley, 408/733-3030 ext. 104
srowley@ovt.com
--------------------------------------------------------------------------------
Source: OmniVision Technologies
Monday March 17, 8:19 am ET
Quarter Inch Lens Format Technology is Expected to Set New Standards in Image Resolution for Camera Phones
SUNNYVALE, Calif.--(BUSINESS WIRE)--March 17, 2003-- OmniVision Technologies, Inc. (Nasdaq:OVTI - News), a market-leading independent supplier of CameraChip(TM) solutions for high-volume imaging applications, today announced it will demonstrate quarter inch lens format 1.3 mega-pixel camera technology at the CTIA Wireless 2003 Show in New Orleans March 17-19. The demonstration will include the new VarioPixel(TM) technology showcased earlier this month at the Photo Marketing Association trade show in Las Vegas, Nev.
ADVERTISEMENT
"This demonstration has the potential to set a new standard for the photographic capabilities of cameras embedded in mobile handsets," stated John Lynch, vice president sales and marketing at OmniVision. "Cell phone manufacturers face the dilemma of constantly trying to make phones smaller while simultaneously increasing their features. With cameras, higher resolution usually means bigger lenses, making the job for cell phone designers very difficult if they want to build better cameras into their handsets. With this demonstration, we show that cellular handsets can have both small size and high resolution, giving everyone what they want."
Currently, most VGA resolution cameras embedded in phones use a quarter inch format lens. The lens format of a camera is directly proportional to the height of a complete camera solution. A 1.3 mega-pixel CameraChip with the same lens format as a VGA (640 x 480) resolution camera can produce a camera module for mobile handsets with higher resolution but without changing the overall design of the camera phone. 1.3 million pixels are generally considered the resolution required to create 5" x 7" keepsake quality prints.
"This demonstration will include our new VarioPixel(TM) technology," continued Lynch. "VarioPixel enhances the low light performance of the chip at lower resolutions and increases the video frame rate at relatively higher resolutions. When utilized in a 1.3 mega-pixel CameraChip with a quarter inch lens format, the result is a camera technology for mobile handsets that is at a par with current digital still cameras in terms of resolution and quality. This type of breakthrough has the potential to move camera phones out of the realm of being a `novelty` and into the realm of serious photography."
OmniVision will be demonstrating the quarter inch mega-pixel technology for mobile handsets in their booth #3160 at the CTIA Wireless 2003 Show, in the Ernest N. Morial Convention Center in New Orleans, La., March 17-19.
To schedule a meeting or demonstration at the show, please contact:
Steve Rowley
Phone: 408/733-3030 x104
srowley@ovt.com
For More Information
For more information on OmniVision`s CameraChips, please contact OmniVision by phone at 408/733-3030, via e-mail at sales@ovt.com or visit our website at www.ovt.com.
About OmniVision
OmniVision Technologies, Inc. is an independent CameraChip(TM) solutions provider. Utilizing proprietary design technology for its highly integrated still-photo and video camera solutions for high-volume imaging applications, OmniVision integrates multiple image processing and capture functions into a single CameraChip design. With the addition of only a lens, the result is a low-cost CameraChip that consumes less power, has a greater environmental functioning range and has a smaller footprint than typical CMOS multi-chip image sensor solutions. OmniVision`s CameraChip solutions are in cell phones, personal digital assistants, automobiles and industrial machine vision applications, as well as surveillance and biometric security applications. OmniVision is based in Sunnyvale, Calif. For more information about the company, visit our website at www.ovt.com.
NOTE: OmniVision and CameraChip are trademarks of OmniVision Technologies, Inc.
Safe Harbor Language
Certain statements in this press release, including statements regarding the characteristics, anticipated benefits and functionality of OmniVision`s 1.3 mega-pixel CameraChip technology and VarioPixel technology are forward looking statements that are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward looking statements and OmniVision`s results to differ materially, include, without limitation: potential errors, design flaws or other problems with the 1.3 mega-pixel CameraChip technology; customer acceptance and demand for the 1.3 mega-pixel OV9620 Camera Chip and for the Company`s VarioPixel technology; the growth of markets for the 1.3 mega-pixel CameraChip technology and VarioPixel technology and the other risks detailed from time to time in OmniVision`s Securities and Exchange Commission filings and reports, including, but not limited to, OmniVision`s quarterly reports filed on form 10-Q. OmniVision disclaims any obligation to update information contained in any forward looking statement.
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
Steve Rowley, 408/733-3030 ext. 104
srowley@ovt.com
--------------------------------------------------------------------------------
Source: OmniVision Technologies
You already hold your next winner
Small stocks outpace large ones by wide margin
By Thom Calandra, CBS.MarketWatch.com
Last Update: 10:10 AM ET April 16, 2003
SAN FRANCISCO (CBS.MW) - Life, John Lennon once said, is what happens while you`re busy as a bee making other plans.
The same can be said for financial markets, the economy and the portfolio of investments you`ve been nursing for the past 10 years.
I`m reminded of Cray Computer (CRAY: news, chart, profile), the supercomputer maker given up for obsolete two years ago. While most investors, on Wall Street anyway, were busy looking for the next developer of massive computing power, perhaps in Japan, Cray was being Cray, cobbling together its X1 supercomputer and selling it to laboratories and other customers. Cray shares are up 300 percent in the past two years and business is humming.
For most professional investors, and for that matter those on Main Street, waiting two years and longer isn`t in the game plan. Holding periods for North American stocks are close to their shortest spans ever. That`s a shame. Making money, or not as the case may be, is what happens while you`re scooping out your next "winner."
Yet as illustrated in the small-stock rally that has seen companies with market values of $2 billion or less outpace the S&P 500 Index by 37 percentage points in the past three years, it just may turn out you`re already holding your next winner and don`t know it. For more on small-stock winners, and a few big ones, see: The Calandra Report. Click here.
The world of small stocks - and miniature versions of small stocks that are called micro-cap stocks - is a nether-world, masked by the financial headlines that focus instead on Microsoft, Intel and General Motors. More than three-quarters of all small companies have no Wall Street coverage, and few are followed even by Main Street newsletters and other independent researchers.
There are hundreds of sensible investment choices, and while many of these small companies are just as likely as big ones to lose their shirts, and yours, the winners are fashioning franchises in industries that are only now being born.
Echelon (ELON: news, chart, profile), a maker of automated systems that allow factory machinery and everyday devices like thermostats "talk" with one another, just fashioned a quarter with sharply rising revenue and profits. "Echelon delivered a solid quarter for a disruptive technology company in these difficult times," the analysts at A.G. Edwards, one of the few on Wall Street to cover the tiny company, said Wednesday.
It`s that way for more than a handful of companies - businesses with relatively obscure names such as Digital River (DRIV: news, chart, profile), which builds electronic commerce systems for customers; or OmniVision Technologies (OVTI: news, chart, profile), a maker of digital sensors for cameras, mobile phones and other devices; or Closure Medical Corp. (CLSR: news, chart, profile). Most of these fledgling companies share one feature: their earnings and sales growth, quarter-over-quarter and year-over-year, are far outpacing projected price-earnings ratios -- even the stocks that are at two-year and three-year stock-market highs.
Over-the-top earnings reports from these freshly scrubbed companies are just now hitting the financial wire. Now that`s a peg (price-earnings-to-growth ratio) worth probing in a stock market branded as a losing proposition. For more, see subscription service The Calandra Report. Click here.
Now available: The Calandra Report
Just published: the latest from The Calandra Report, a subscription service from Thom Calandra. The report comes with Thom`s actionable commentary, Watch List and advice from leading market strategists. In the current issue, several small-stock scoops. Click here.
Las Vegas gold show
The Las Vegas Precious Metals Conference will take place April 26 and 27, and I`ll be attending. Speakers include Robert Bishop of Gold Mining Stock Report, Adrian Day of Global Strategic Management, Richard Sacks of Phoenix Advisory, James Turk of Freemarket Gold & Money Report and Frank Holmes of U.S. Global Investors. See: Las Vegas Precious Metals Conference.
Thom Calandra`s StockWatch is CBS MarketWatch`s flagship column. The regular report is in its eighth year at CBS.MarketWatch.com. Thom Calandra is also author of subscription service The Calandra Report.
Small stocks outpace large ones by wide margin
By Thom Calandra, CBS.MarketWatch.com
Last Update: 10:10 AM ET April 16, 2003
SAN FRANCISCO (CBS.MW) - Life, John Lennon once said, is what happens while you`re busy as a bee making other plans.
The same can be said for financial markets, the economy and the portfolio of investments you`ve been nursing for the past 10 years.
I`m reminded of Cray Computer (CRAY: news, chart, profile), the supercomputer maker given up for obsolete two years ago. While most investors, on Wall Street anyway, were busy looking for the next developer of massive computing power, perhaps in Japan, Cray was being Cray, cobbling together its X1 supercomputer and selling it to laboratories and other customers. Cray shares are up 300 percent in the past two years and business is humming.
For most professional investors, and for that matter those on Main Street, waiting two years and longer isn`t in the game plan. Holding periods for North American stocks are close to their shortest spans ever. That`s a shame. Making money, or not as the case may be, is what happens while you`re scooping out your next "winner."
Yet as illustrated in the small-stock rally that has seen companies with market values of $2 billion or less outpace the S&P 500 Index by 37 percentage points in the past three years, it just may turn out you`re already holding your next winner and don`t know it. For more on small-stock winners, and a few big ones, see: The Calandra Report. Click here.
The world of small stocks - and miniature versions of small stocks that are called micro-cap stocks - is a nether-world, masked by the financial headlines that focus instead on Microsoft, Intel and General Motors. More than three-quarters of all small companies have no Wall Street coverage, and few are followed even by Main Street newsletters and other independent researchers.
There are hundreds of sensible investment choices, and while many of these small companies are just as likely as big ones to lose their shirts, and yours, the winners are fashioning franchises in industries that are only now being born.
Echelon (ELON: news, chart, profile), a maker of automated systems that allow factory machinery and everyday devices like thermostats "talk" with one another, just fashioned a quarter with sharply rising revenue and profits. "Echelon delivered a solid quarter for a disruptive technology company in these difficult times," the analysts at A.G. Edwards, one of the few on Wall Street to cover the tiny company, said Wednesday.
It`s that way for more than a handful of companies - businesses with relatively obscure names such as Digital River (DRIV: news, chart, profile), which builds electronic commerce systems for customers; or OmniVision Technologies (OVTI: news, chart, profile), a maker of digital sensors for cameras, mobile phones and other devices; or Closure Medical Corp. (CLSR: news, chart, profile). Most of these fledgling companies share one feature: their earnings and sales growth, quarter-over-quarter and year-over-year, are far outpacing projected price-earnings ratios -- even the stocks that are at two-year and three-year stock-market highs.
Over-the-top earnings reports from these freshly scrubbed companies are just now hitting the financial wire. Now that`s a peg (price-earnings-to-growth ratio) worth probing in a stock market branded as a losing proposition. For more, see subscription service The Calandra Report. Click here.
Now available: The Calandra Report
Just published: the latest from The Calandra Report, a subscription service from Thom Calandra. The report comes with Thom`s actionable commentary, Watch List and advice from leading market strategists. In the current issue, several small-stock scoops. Click here.
Las Vegas gold show
The Las Vegas Precious Metals Conference will take place April 26 and 27, and I`ll be attending. Speakers include Robert Bishop of Gold Mining Stock Report, Adrian Day of Global Strategic Management, Richard Sacks of Phoenix Advisory, James Turk of Freemarket Gold & Money Report and Frank Holmes of U.S. Global Investors. See: Las Vegas Precious Metals Conference.
Thom Calandra`s StockWatch is CBS MarketWatch`s flagship column. The regular report is in its eighth year at CBS.MarketWatch.com. Thom Calandra is also author of subscription service The Calandra Report.
OmniVision Agrees to Supply Pantech & Curitel Custom CameraChip Technology for Embedded Cell Phone Cameras
Wednesday April 23, 8:08 am ET
SUNNYVALE, Calif.--(BUSINESS WIRE)--April 23, 2003--OmniVision Technologies, Inc. (Nasdaq:OVTI - News), a leading independent supplier of CMOS CameraChip(TM) solutions for high-volume imaging applications, today announced it has agreed to supply Pantech & Curitel (KSE:25930.KS) with custom CameraChip modules in volume to be embedded in multiple mobile phone platforms.
"Pantech is a quality supplier of camera enabled handsets," stated John Lynch, VP Sales and Marketing at OmniVision. "This announcement is an indication of our continued success in supporting volume manufacturers of mobile phone handsets with embedded cameras, and we look forward to growing our business with Pantech & Curitel."
"OmniVision`s previous support, coupled with their leadership in providing high resolution camera solutions, were major contributors to our desire to expand our relationship," stated Mr. T.K. Lee, Executive Director Sourcing & Procurement. "We look forward to providing leading edge imaging solutions in our handsets, and we believe OmniVision will help us achieve this."
OmniVision designs and builds custom color CameraChip Modules for high volume digital imaging markets such as CameraPhones and Digital Still Cameras. The CameraChip modules come in various resolutions and lens formats using OmniVision`s proprietary single chip technology. The combination of small module size, broad product line, high image quality and low power consumption enables cell phone manufacturer`s significant flexibility in choosing a solution specific to their needs.
Pricing and Availability
For more information on OmniVision`s products please contact OmniVision via e-mail at sales@ovt.com or by visiting our website at www.ovt.com.
About OmniVision
OmniVision Technologies, Inc. is an independent CameraChip solutions provider. Utilizing proprietary design technology for its highly integrated still-photo and video camera solutions for high-volume imaging applications, OmniVision integrates multiple image processing and capture functions into a single CameraChip design. With the addition of only a lens, the result is a low-cost CameraChip that consumes less power, has a greater environmental functioning range and has a smaller footprint than typical CMOS multi-chip image sensor solutions. OmniVision`s CameraChip solutions are in and/or suitable for cell phones, digital still cameras, toys, video and computer games, personal digital assistants, automobiles and industrial machine vision applications, as well as surveillance and biometric security applications. OmniVision is based in Sunnyvale, Calif.
For more information about the company, visit our Website at www.ovt.com.
OmniVision and CameraChip are trademarks of OmniVision Technologies, Inc. All other trade, product or service names referenced in this release may be trademarks or registered trademarks of their respective holders.
Safe Harbor Language
Certain statements in this press release, including statements regarding OmniVision growing its business with Pantech & Curitel and the potential benefits, functionalities and characteristics of OmniVision`s image sensors are forward looking statements that are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward looking statements and OmniVision`s results to differ materially, include, without limitation: the continued good relations between OmniVision and Pantech & Curitel; potential errors, latent defects, design flaws or other problems with OmniVision`s image sensors; customer acceptance and demand for Pantech & Curitel`s products; the growth of the mobile phone handset market; and the other risks detailed from time to time in OmniVision`s Securities and Exchange Commission filings and reports, including, but not limited to, OmniVision`s quarterly reports filed on form 10-Q. OmniVision disclaims any obligation to update information contained in any forward looking statement.
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
Steve Rowley, 408/733-3030 ext. 104
press@ovt.com
--------------------------------------------------------------------------------
Source: OmniVision Technologies
Wednesday April 23, 8:08 am ET
SUNNYVALE, Calif.--(BUSINESS WIRE)--April 23, 2003--OmniVision Technologies, Inc. (Nasdaq:OVTI - News), a leading independent supplier of CMOS CameraChip(TM) solutions for high-volume imaging applications, today announced it has agreed to supply Pantech & Curitel (KSE:25930.KS) with custom CameraChip modules in volume to be embedded in multiple mobile phone platforms.
"Pantech is a quality supplier of camera enabled handsets," stated John Lynch, VP Sales and Marketing at OmniVision. "This announcement is an indication of our continued success in supporting volume manufacturers of mobile phone handsets with embedded cameras, and we look forward to growing our business with Pantech & Curitel."
"OmniVision`s previous support, coupled with their leadership in providing high resolution camera solutions, were major contributors to our desire to expand our relationship," stated Mr. T.K. Lee, Executive Director Sourcing & Procurement. "We look forward to providing leading edge imaging solutions in our handsets, and we believe OmniVision will help us achieve this."
OmniVision designs and builds custom color CameraChip Modules for high volume digital imaging markets such as CameraPhones and Digital Still Cameras. The CameraChip modules come in various resolutions and lens formats using OmniVision`s proprietary single chip technology. The combination of small module size, broad product line, high image quality and low power consumption enables cell phone manufacturer`s significant flexibility in choosing a solution specific to their needs.
Pricing and Availability
For more information on OmniVision`s products please contact OmniVision via e-mail at sales@ovt.com or by visiting our website at www.ovt.com.
About OmniVision
OmniVision Technologies, Inc. is an independent CameraChip solutions provider. Utilizing proprietary design technology for its highly integrated still-photo and video camera solutions for high-volume imaging applications, OmniVision integrates multiple image processing and capture functions into a single CameraChip design. With the addition of only a lens, the result is a low-cost CameraChip that consumes less power, has a greater environmental functioning range and has a smaller footprint than typical CMOS multi-chip image sensor solutions. OmniVision`s CameraChip solutions are in and/or suitable for cell phones, digital still cameras, toys, video and computer games, personal digital assistants, automobiles and industrial machine vision applications, as well as surveillance and biometric security applications. OmniVision is based in Sunnyvale, Calif.
For more information about the company, visit our Website at www.ovt.com.
OmniVision and CameraChip are trademarks of OmniVision Technologies, Inc. All other trade, product or service names referenced in this release may be trademarks or registered trademarks of their respective holders.
Safe Harbor Language
Certain statements in this press release, including statements regarding OmniVision growing its business with Pantech & Curitel and the potential benefits, functionalities and characteristics of OmniVision`s image sensors are forward looking statements that are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward looking statements and OmniVision`s results to differ materially, include, without limitation: the continued good relations between OmniVision and Pantech & Curitel; potential errors, latent defects, design flaws or other problems with OmniVision`s image sensors; customer acceptance and demand for Pantech & Curitel`s products; the growth of the mobile phone handset market; and the other risks detailed from time to time in OmniVision`s Securities and Exchange Commission filings and reports, including, but not limited to, OmniVision`s quarterly reports filed on form 10-Q. OmniVision disclaims any obligation to update information contained in any forward looking statement.
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
Steve Rowley, 408/733-3030 ext. 104
press@ovt.com
--------------------------------------------------------------------------------
Source: OmniVision Technologies
Neues Jahreshoch!!!!!
Wahnsinnsaktie
Wahnsinnsaktie
Sony Computer Entertainment Europe -- SCEE -- Selects OmniVision`s CameraPlay Technology for EyeToy USB Camera For PlayStation2
Friday May 30, 7:01 am ET
SAN JOSE, Calif.--(BUSINESS WIRE)--May 30, 2003--OmniVision Technologies, Inc. (Nasdaq:OVTI - News), a market-leading independent supplier of CMOS CameraChip(TM) solutions for high-volume imaging applications, today announced it`s CameraPlay(TM) chipset has been chosen by Sony Computer Entertainment Europe (SCEE) to power the EyeToy(TM) USB camera for the PlayStation®2. This custom solution includes a CompanionChip(TM) developed by OmniVision specifically for the PlayStation2. OmniVision`s chipsets are currently being supplied to web camera and contract manufacturers such as Logitech (Nasdaq:LOGI - News) and Namtai (NYSE Symbol: NTE - News; CBOE Symbol: QNA - News) who build the EyeToy USB Cameras for SCEE.
"This is a significant design win for OmniVision," stated John Lynch, VP Sales and Marketing at OmniVision. "We have been investing our engineering resources for the past 2 years to optimize a solution for SCEE and are extremely pleased to be selected as their camera technology provider."
The EyeToy USB Camera, demonstrated by SCEE at the E3 gaming conference in Los Angeles May 16th - 18th, can be used with the SCEI PlayStation2 to allow players physical movements to control the actions in the game without the need of a connected game controller. Additionally, the IPU (Image processing unit) compatible video stream requires minimal CPU cycle to decode and playback the video at 60 frames per second. This further enables games to combine high speed live video and animated graphics on the display at the same time, thereby enhancing the gaming experience.
About OmniVision
OmniVision Technologies, Inc. is an independent CameraChip solutions provider. Utilizing proprietary design technology for its highly integrated still-photo and video camera solutions for high-volume imaging applications, OmniVision integrates multiple image processing and capture functions into a single CameraChip design. With the addition of only a lens, the result is a low-cost CameraChip that consumes less power, has a greater environmental functioning range and has a smaller footprint than typical CMOS multi-chip image sensor solutions. OmniVision`s CameraChip solutions are designed for cell phones, digital still cameras, web cameras, personal digital assistants, automotive, gaming and industrial machine vision applications, as well as surveillance and biometric security applications. OmniVision is based in Sunnyvale, Calif. For more information about the company, visit our Website at www.ovt.com.
Safe Harbor Language
Certain statements in this press release, including statements regarding contract manufacturers who will build the EyeToy cameras for SCEE and the characteristics, functionality and potential benefits of the EyeToy camera, the IPU and OmniVision`s CameraChip solutions are forward looking statements that are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward looking statements and OmniVision`s results to differ materially, include, without limitation: potential errors, latent defects, design flaws or other problems with the EyeToy camera, the IPU or OmniVision`s CameraChip solutions; the continued good relations between OmniVision, the contract manufacturers and SCEE; latent defects in OmniVision`s CameraChip solutions or in the EyeToy camera; SCEE and its customers acceptance and demand for the EyeToy camera; the continued production, manufacture and development of the EyeToy camera and the other risks detailed from time to time in OmniVision`s Securities and Exchange Commission filings and reports, including, but not limited to, OmniVision`s quarterly reports filed on form 10-Q. OmniVision disclaims any obligation to update information contained in any forward looking statement.
Note to Editors: OmniVision, CameraChip and CameraPlay are trademarks of OmniVision Technologies, Inc.
PlayStation is a registered trademark of Sony Computer Entertainment Inc.
EyeToy is trademark of Sony Computer Entertainment Europe Limited
All other trade, product or service names referenced in this release may be trademarks or registered trademarks of their respective holders.
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
Steve Rowley, 408/542.3104
srowley@ovt.com
--------------------------------------------------------------------------------
Source: OmniVision Technologies, Inc.
Friday May 30, 7:01 am ET
SAN JOSE, Calif.--(BUSINESS WIRE)--May 30, 2003--OmniVision Technologies, Inc. (Nasdaq:OVTI - News), a market-leading independent supplier of CMOS CameraChip(TM) solutions for high-volume imaging applications, today announced it`s CameraPlay(TM) chipset has been chosen by Sony Computer Entertainment Europe (SCEE) to power the EyeToy(TM) USB camera for the PlayStation®2. This custom solution includes a CompanionChip(TM) developed by OmniVision specifically for the PlayStation2. OmniVision`s chipsets are currently being supplied to web camera and contract manufacturers such as Logitech (Nasdaq:LOGI - News) and Namtai (NYSE Symbol: NTE - News; CBOE Symbol: QNA - News) who build the EyeToy USB Cameras for SCEE.
"This is a significant design win for OmniVision," stated John Lynch, VP Sales and Marketing at OmniVision. "We have been investing our engineering resources for the past 2 years to optimize a solution for SCEE and are extremely pleased to be selected as their camera technology provider."
The EyeToy USB Camera, demonstrated by SCEE at the E3 gaming conference in Los Angeles May 16th - 18th, can be used with the SCEI PlayStation2 to allow players physical movements to control the actions in the game without the need of a connected game controller. Additionally, the IPU (Image processing unit) compatible video stream requires minimal CPU cycle to decode and playback the video at 60 frames per second. This further enables games to combine high speed live video and animated graphics on the display at the same time, thereby enhancing the gaming experience.
About OmniVision
OmniVision Technologies, Inc. is an independent CameraChip solutions provider. Utilizing proprietary design technology for its highly integrated still-photo and video camera solutions for high-volume imaging applications, OmniVision integrates multiple image processing and capture functions into a single CameraChip design. With the addition of only a lens, the result is a low-cost CameraChip that consumes less power, has a greater environmental functioning range and has a smaller footprint than typical CMOS multi-chip image sensor solutions. OmniVision`s CameraChip solutions are designed for cell phones, digital still cameras, web cameras, personal digital assistants, automotive, gaming and industrial machine vision applications, as well as surveillance and biometric security applications. OmniVision is based in Sunnyvale, Calif. For more information about the company, visit our Website at www.ovt.com.
Safe Harbor Language
Certain statements in this press release, including statements regarding contract manufacturers who will build the EyeToy cameras for SCEE and the characteristics, functionality and potential benefits of the EyeToy camera, the IPU and OmniVision`s CameraChip solutions are forward looking statements that are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward looking statements and OmniVision`s results to differ materially, include, without limitation: potential errors, latent defects, design flaws or other problems with the EyeToy camera, the IPU or OmniVision`s CameraChip solutions; the continued good relations between OmniVision, the contract manufacturers and SCEE; latent defects in OmniVision`s CameraChip solutions or in the EyeToy camera; SCEE and its customers acceptance and demand for the EyeToy camera; the continued production, manufacture and development of the EyeToy camera and the other risks detailed from time to time in OmniVision`s Securities and Exchange Commission filings and reports, including, but not limited to, OmniVision`s quarterly reports filed on form 10-Q. OmniVision disclaims any obligation to update information contained in any forward looking statement.
Note to Editors: OmniVision, CameraChip and CameraPlay are trademarks of OmniVision Technologies, Inc.
PlayStation is a registered trademark of Sony Computer Entertainment Inc.
EyeToy is trademark of Sony Computer Entertainment Europe Limited
All other trade, product or service names referenced in this release may be trademarks or registered trademarks of their respective holders.
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
Steve Rowley, 408/542.3104
srowley@ovt.com
--------------------------------------------------------------------------------
Source: OmniVision Technologies, Inc.
OmniVision`s future out of focus
Commentary: Too fast too soon for camera chipmaker?
By Mike Tarsala, CBS.MarketWatch.com
Last Update: 12:03 AM ET June 4, 2003
SAN FRANCISCO (CBS.MW) -- OmniVision has caught the digital camera wave and ridden it to fresh heights lately, but the company`s future is looking a little fuzzy.
Few shareholders doubt that Sunnyvale, Calif.-based OmniVision, a maker of chips used in digital cameras, has had a spectacular flight in recent months. Sales have more than doubled in the first nine months of its fiscal year, and OmniVision`s ( OVTI: news, chart, profile) technology is considered by many to be tops in the industry. The high-flying chipmaker has seen its shares surge 100 percent since February.
But with 40 percent of OmniVision`s stock sold short, plenty of folks are betting against the company for a growing number of reasons. They think the company won`t meet Wall Street`s sales growth projections, some as high as 75 percent through 2004, due to lower-than-expected demand for the company`s camera-phone chips, and a possible decline in sales of digital still-cameras. As a result, some traders have been adding to short positions ahead of the company`s earnings report scheduled on or around June 11, and the chip industry`s seasonally slow summer season.
"I just have a level of skepticism about how much demand there could be for a video-screen cell phone," said Alan Schmidt, portfolio manager with Northgate Partners in New York, who says OmniVision is one of about 12 stocks he`s shorting. `The valuation of OmniVision`s stock is obviously quite rich. There doesn`t seem to be any allowance for a possible disappointment."
It`s been a hard slog for anyone betting against OmniVision in recent months, due to its three-month stock run from less than $15 to more than $32. But OmniVision had some potential land mines put in front of it this week, giving some shorts a reason to get a little more aggressive.
On Tuesday, the company announced that H. Gene McCown has agreed to delay his retirement and continue as the company`s chief financial officer. Just two weeks ago, OmniVision had named Michael D. Angel, formerly CFO of Spectrian Corp. as its new chief financial officer.
It`s not clear what happened; OmniVision did not respond to requests for an interview, and hasn`t even explained to many of the Wall Street analysts why Angel was an heir one minute, then the ex- CFO the next. One analyst said he reached McCown on Tuesday, and "all the guy had to say was a string of `no comments.`"
Investors have been left wondering whether it was the company that didn`t like something about Angel, or Angel who didn`t like something about the company.
Of note is that OmniVision has been hit with accounting questions in the past. As recently as February the respected Center for Financial Research and Analysis, an independent financial research organization known for pinpointing fishy accounting, expressed concerns about some of the company`s moves. The center focused on the continued sale of previously written off inventory, as well as potential cash payments to HuaWei Semiconductor Co., a subsidiary.
Aside from the CFOs, another hurdle for OmniVision is that the company seemed to lose some support this week from one of its biggest proponents -- Cherrie Prinz at D.A. Davidson. Prinz has the highest revenue estimates on Wall Street for OmniVision, but she lowered her rating on the stock on Monday to "neutral" from "buy" based on its current price.
OmniVision shares trade at about 8 times projected 2003 sales -- making it one of the most expensive chip companies in the industry by that measure. Also, OmniVision`s stock is trading at nearly 40 times fiscal 2004 estimates, due to earnings estimates that went from an average of 56 cents to 82 cents following the company`s February report.
Outside of its high stock price, Prinz had few complaints about the company. She still assumes OmniVision will be able to boost sales to $179 million in the fiscal-fourth quarter, up from an estimated $101 million a year earlier.
Dan Scovel, analyst with Needham & Co., a firm that helped take OmniVision public, has retained his "buy" rating on the stock, even though it breached his $25 price target in early May.
"As far as we`re concerned, the business remains quite strong," Scovel said. "At these levels, we`re less excited about it on valuation, but we`re not backing away from it."
But all four analysts who cover the company may be forced to back away from OmniVision, following the company`s June report, if the company gives reason to think that 70-plus-percent growth isn`t likely. The company is slated to report on June 11.
OmniVision seems to have several challenges to overcome. The company is in the process of transitioning from selling chips that go in camera attachments that hook on to cell phones, to selling chips that are embedded in the phones themselves. As the attached business starts to go away, it`s not clear how much embedded business OmniVision can garner.
To date, the company has announced few design wins, and initially, analysts had expected the big ramp-up for sales of embedded camera phones to come in the calendar third quarter. Meanwhile, competition in the nascent camera chip market seems to be heating up. OmniVision`s John Lynch, the company`s vice president of sales and marketing, says that the company holds about 20 percent worldwide share for chips used in digital still cameras -- and about 80 percent of the chips for cameras that use CMOS technology, which stands for complementary metal oxide semiconductor. The CMOS chips use less power semiconductors with just one type of transistor. CMOS is the fastest-growing chip type in the camera market segment.
Growth estimates for OmniVision could come down in fiscal 2004. Large, established chipmakers with experience making CMOS chips are starting to challenge OmniVision`s market share.
In CMOS cell phone cameras, where OmniVision says it has about 25 percent share, chipmaker ST Microelectronics (STM: news, chart, profile) is one of the standout competitors. It already has Nokia (NOK: news, chart, profile), the cell phone company that dominates about 35 percent of the market, as its customer.
OmniVision is touting a new chip the company that powers a 1.3-megapixel cell phone camera. But it`s not clear how much demand there will be for a chip that would power a $300 to $400 cell phone capable of producing print-quality photos. ST Micro, which has a competing 1.3-megapixel CMOS-based cell phone chip in the works, says there`s no hurry -- its chip will be ready to ship in volume when consumers are ready to buy the technology.
"A lot of technology companies are run by technocrats that are so wound up with the impressiveness of their technical excellence that they expect the market will beat a path to their door," said Tim Chambers, a marketing director for ST Micro. "In the end, they find it`s not that way."
Some recent market data suggests the summer will be critical for OmniVision`s stock, and may mark a major battle between the shorts and longs.
Taiwan`s production of digital still-cameras is projected to fall more than 20 percent sequentially in the calendar second quarter, according to Taiwan-based Market Intelligence Center. And prices for the kind of low-priced cameras for which OmniVision makes chips could also drop significantly, due to an inventory build-up of components.
SARS is also a potential threat. The Market Intelligence Center says that China, one of the world`s fastest-growing markets, has inventory of about 23.5 million cell phones, due in part to the deadly disease outbreak. That could put pressure on all cell phone prices, and ultimately, on component prices.
Particularly troubling is that the new demand concerns hit as OmniVision has a high level of inventory. The company has built up its chip reserves in each of the past four reported quarters. Meanwhile, chip demand could be wavering. Namtai, a supplier that makes up more than 10 percent of OmniVision`s sales, is still expecting revenue from snap-on cell-phone cameras to be lower in the second quarter, compared with the first. Namtai plans to consume inventory in the second quarter, and reduce chip orders.
One analyst familiar with the matter adds that World Peace Industrial, a distributor that accounts for about 18 percent of OmniVision`s sales, says that while sales are sliding due to slack demand for OmniVision 1.3-megapixel camera chips, the company is having problems producing enough 2-megapixel camera chips - where demand is very strong.
If McCown can come out and provide answers to the long list of investors` questions when the company reports earnings, then shorts will be crying. If not, four out of every 10 investors will be rewarded for their persistent pessimism.
Mike Tarsala is a San Francisco-based reporter for CBS.MarketWatch.com.
Commentary: Too fast too soon for camera chipmaker?
By Mike Tarsala, CBS.MarketWatch.com
Last Update: 12:03 AM ET June 4, 2003
SAN FRANCISCO (CBS.MW) -- OmniVision has caught the digital camera wave and ridden it to fresh heights lately, but the company`s future is looking a little fuzzy.
Few shareholders doubt that Sunnyvale, Calif.-based OmniVision, a maker of chips used in digital cameras, has had a spectacular flight in recent months. Sales have more than doubled in the first nine months of its fiscal year, and OmniVision`s ( OVTI: news, chart, profile) technology is considered by many to be tops in the industry. The high-flying chipmaker has seen its shares surge 100 percent since February.
But with 40 percent of OmniVision`s stock sold short, plenty of folks are betting against the company for a growing number of reasons. They think the company won`t meet Wall Street`s sales growth projections, some as high as 75 percent through 2004, due to lower-than-expected demand for the company`s camera-phone chips, and a possible decline in sales of digital still-cameras. As a result, some traders have been adding to short positions ahead of the company`s earnings report scheduled on or around June 11, and the chip industry`s seasonally slow summer season.
"I just have a level of skepticism about how much demand there could be for a video-screen cell phone," said Alan Schmidt, portfolio manager with Northgate Partners in New York, who says OmniVision is one of about 12 stocks he`s shorting. `The valuation of OmniVision`s stock is obviously quite rich. There doesn`t seem to be any allowance for a possible disappointment."
It`s been a hard slog for anyone betting against OmniVision in recent months, due to its three-month stock run from less than $15 to more than $32. But OmniVision had some potential land mines put in front of it this week, giving some shorts a reason to get a little more aggressive.
On Tuesday, the company announced that H. Gene McCown has agreed to delay his retirement and continue as the company`s chief financial officer. Just two weeks ago, OmniVision had named Michael D. Angel, formerly CFO of Spectrian Corp. as its new chief financial officer.
It`s not clear what happened; OmniVision did not respond to requests for an interview, and hasn`t even explained to many of the Wall Street analysts why Angel was an heir one minute, then the ex- CFO the next. One analyst said he reached McCown on Tuesday, and "all the guy had to say was a string of `no comments.`"
Investors have been left wondering whether it was the company that didn`t like something about Angel, or Angel who didn`t like something about the company.
Of note is that OmniVision has been hit with accounting questions in the past. As recently as February the respected Center for Financial Research and Analysis, an independent financial research organization known for pinpointing fishy accounting, expressed concerns about some of the company`s moves. The center focused on the continued sale of previously written off inventory, as well as potential cash payments to HuaWei Semiconductor Co., a subsidiary.
Aside from the CFOs, another hurdle for OmniVision is that the company seemed to lose some support this week from one of its biggest proponents -- Cherrie Prinz at D.A. Davidson. Prinz has the highest revenue estimates on Wall Street for OmniVision, but she lowered her rating on the stock on Monday to "neutral" from "buy" based on its current price.
OmniVision shares trade at about 8 times projected 2003 sales -- making it one of the most expensive chip companies in the industry by that measure. Also, OmniVision`s stock is trading at nearly 40 times fiscal 2004 estimates, due to earnings estimates that went from an average of 56 cents to 82 cents following the company`s February report.
Outside of its high stock price, Prinz had few complaints about the company. She still assumes OmniVision will be able to boost sales to $179 million in the fiscal-fourth quarter, up from an estimated $101 million a year earlier.
Dan Scovel, analyst with Needham & Co., a firm that helped take OmniVision public, has retained his "buy" rating on the stock, even though it breached his $25 price target in early May.
"As far as we`re concerned, the business remains quite strong," Scovel said. "At these levels, we`re less excited about it on valuation, but we`re not backing away from it."
But all four analysts who cover the company may be forced to back away from OmniVision, following the company`s June report, if the company gives reason to think that 70-plus-percent growth isn`t likely. The company is slated to report on June 11.
OmniVision seems to have several challenges to overcome. The company is in the process of transitioning from selling chips that go in camera attachments that hook on to cell phones, to selling chips that are embedded in the phones themselves. As the attached business starts to go away, it`s not clear how much embedded business OmniVision can garner.
To date, the company has announced few design wins, and initially, analysts had expected the big ramp-up for sales of embedded camera phones to come in the calendar third quarter. Meanwhile, competition in the nascent camera chip market seems to be heating up. OmniVision`s John Lynch, the company`s vice president of sales and marketing, says that the company holds about 20 percent worldwide share for chips used in digital still cameras -- and about 80 percent of the chips for cameras that use CMOS technology, which stands for complementary metal oxide semiconductor. The CMOS chips use less power semiconductors with just one type of transistor. CMOS is the fastest-growing chip type in the camera market segment.
Growth estimates for OmniVision could come down in fiscal 2004. Large, established chipmakers with experience making CMOS chips are starting to challenge OmniVision`s market share.
In CMOS cell phone cameras, where OmniVision says it has about 25 percent share, chipmaker ST Microelectronics (STM: news, chart, profile) is one of the standout competitors. It already has Nokia (NOK: news, chart, profile), the cell phone company that dominates about 35 percent of the market, as its customer.
OmniVision is touting a new chip the company that powers a 1.3-megapixel cell phone camera. But it`s not clear how much demand there will be for a chip that would power a $300 to $400 cell phone capable of producing print-quality photos. ST Micro, which has a competing 1.3-megapixel CMOS-based cell phone chip in the works, says there`s no hurry -- its chip will be ready to ship in volume when consumers are ready to buy the technology.
"A lot of technology companies are run by technocrats that are so wound up with the impressiveness of their technical excellence that they expect the market will beat a path to their door," said Tim Chambers, a marketing director for ST Micro. "In the end, they find it`s not that way."
Some recent market data suggests the summer will be critical for OmniVision`s stock, and may mark a major battle between the shorts and longs.
Taiwan`s production of digital still-cameras is projected to fall more than 20 percent sequentially in the calendar second quarter, according to Taiwan-based Market Intelligence Center. And prices for the kind of low-priced cameras for which OmniVision makes chips could also drop significantly, due to an inventory build-up of components.
SARS is also a potential threat. The Market Intelligence Center says that China, one of the world`s fastest-growing markets, has inventory of about 23.5 million cell phones, due in part to the deadly disease outbreak. That could put pressure on all cell phone prices, and ultimately, on component prices.
Particularly troubling is that the new demand concerns hit as OmniVision has a high level of inventory. The company has built up its chip reserves in each of the past four reported quarters. Meanwhile, chip demand could be wavering. Namtai, a supplier that makes up more than 10 percent of OmniVision`s sales, is still expecting revenue from snap-on cell-phone cameras to be lower in the second quarter, compared with the first. Namtai plans to consume inventory in the second quarter, and reduce chip orders.
One analyst familiar with the matter adds that World Peace Industrial, a distributor that accounts for about 18 percent of OmniVision`s sales, says that while sales are sliding due to slack demand for OmniVision 1.3-megapixel camera chips, the company is having problems producing enough 2-megapixel camera chips - where demand is very strong.
If McCown can come out and provide answers to the long list of investors` questions when the company reports earnings, then shorts will be crying. If not, four out of every 10 investors will be rewarded for their persistent pessimism.
Mike Tarsala is a San Francisco-based reporter for CBS.MarketWatch.com.
Wall Street Transcript
Semiconductor Stocks Analysis
Monday June 9, 11:30 am ET
67 WALL STREET, New York--June 9, 2003-- In an in-depth (10,100 words) Roundtable Forum, Gregory "Woody" Calleri, a Senior Technology Analyst at Midwest Research, Joseph Osha , an Analyst at Merrill Lynch Global Securities, Adam S. Parker, a Senior Analyst at Sanford C. Bernstein and Co. and Dan K. Scovel, a Semiconductor Analyst with Needham and Company, examine the outlook for the sector and share specific stock recommendations. This interview excerpt is part of an in-depth Roundtable Forum from our 79-page Semiconductors Issue featuring in-depth interviews from five analysts and top management from fourteen sector firms discussing industry consolidation, inventory capacity, the impact of SARS, demand drivers, tracking the PC upgrade cycle, new applications, growth markets, valuation analysis, stocks to avoid, stock recommendations and more. This issue is available to subscribers by telephoning 212-952-7400 x1799 or through The Wall Street Transcript
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TWST: Joe, as we look at the semiconductor industry, the stocks have done rather well over the past three or four months. Why is that, given that not much seems to be going on?
Mr. Osha: Our position has been, and we actually wrote about this in mid-February or so, that even though it was difficult to identify any real delta in end demand, the industry had drawn down the supply chain enough that you were going to see some improved demand for components, even if end demand wasn`t recovering. So I think what has gone on here in terms of the business environment and stock price performance has really been supply chain-driven, not demand-driven.
TWST: Adam, how about from your perspective? Why have things from a market point of view improved for semiconductors?
Mr. Parker: I think largely three things. One is inventory, one is optimism about an economic recovery, in which these companies will participate fundamentally, and the last would be pretty low expectations for the first quarter that were exceeded, based on inventory replenishment, and in some cases augmented by a currency tailwind. Therefore, with low expectations, you typically get upward revisions in technology stocks in general, and in semi`s specifically, and the stocks usually respond pretty well to upward revisions in the short term.
TWST: Dan, has the inventory situation been worked through, and are we actually seeing some orders coming along?
Mr. Scovel: The short answer is yes. As Joe mentioned, we are seeing some of the inventory getting soaked up out there.
Frankly, I would like to emphasize the sentiment issue with respect to expectations. I think a lot of people expected the economy to improve after the war, and that a lot of what many investors are feeling good about is a sense of relief that things aren`t getting any worse, and a hope that things will get better. Unfortunately, beyond the sentiment and hope, it`s not clear to me there is any hard evidence pointing to a recovery at this time.
TWST: Adam, what are you advising investors to do?
Mr. Parker: I`ve been recommending an underweight position in the stocks. There`s an irony there in that we had a survey out called the Greenwich Survey, where the buysiders weighed us on all these different metrics. I was getting a hard time about this the other day because the buysiders say that at Bernstein we have the best valuation framework. They rate us number one, but, evidently, nobody is using it because the stocks have been running up substantially. Yet my opinion and my valuation frameworks indicate that many of the stocks are stretched on aggressive estimates. So the recipe for the underweight is really optimistic estimates that embed a return to pricing power and stocks that are pretty expensive on those optimistic estimates.
Then, with no inherent belief that supply pricing will happen in the near term, I do have two buy recommendations. Again, we have just buy, hold and sell, and the buy recommendations are on companies that are either gaining share or have better pricing. So I`ve had a buy rating on Analog Devices (ADI) since October 1. I think it`s up roughly 75% in that time frame. The reason for that is they have a much more benign pricing environment than average, and that kind of sticks to the themes that you heard me talk about earlier. If the industry is struggling with pricing, this company has about 70% of its revenue from two categories - high performance analog and general purpose DSP - that have better than average pricing.
The other company I have a buy on right now is STMicroelectronics (STM). I think they have a lack of pricing power, so it`s different. But they`ve been a big share gainer over the last several years. Furthermore, the stock is significantly cheaper, compared to its own history, than many of the other semiconductor companies, so that`s the reason I`m recommending it.
TWST: Dan, how about from your perspective? What are you telling people to do?
Mr. Scovel: We`re also pretty cautious on the sector overall. As a fundamental analyst, it`s difficult to look at the business environment and get too excited at this point. Lately we have been looking closely at valuations. Frankly, we think it`s kind of sloppy across the sector. There are niche markets and smaller cap names we can get excited about. For example, Zoran (ZRAN) in DVDs and OmniVision (OVTI) - a client of Needham and Co. - in CMOS image sensors. But these companies are pretty small compared to the overall chip industry.
I think if the share prices get inexpensive enough across the sector, then a number of investment opportunities can become pretty interesting. But at current price levels, we do not see significant upside potential with business levels just kind of lumping along.
TWST: Woody, do you have any closing comments?
Mr. Calleri: In closing, I would point out that it looks as if it is going to be a slow, gradual recovery for the semiconductor sector, and we are probably not going to see that sharp ramp in demand that investors are looking for.
I do not think you will see a rising demand tide lift all boats in the near term, and I believe investors should focus on fundamentals, new product introductions, and current product cycles rather than chase valuations. It is going to be more important to find out who has had the latest new product introductions, who was able to increase their revenue opportunities in current products, who has introduced a new product that is helping them gain share or improve margins, and which products are selling in the end markets.
Lastly, I would counsel patience. Investors should know the companies they want to invest in and what price makes long-term sense, and then wait for the opportunity to present itself rather than chase after momentum plays where the fundamentals do not warrant it.
TWST: Joe, how about your wrap-up comments?
Mr. Osha: I agree with what has been said about product cycles. I thought there was an interesting comment made earlier about the observation that portfolio managers don`t think analysts can adequately assess what an upside is when the business recovers. That is a criticism I`ve also heard very often. But I think it`s something that we need to focus on doing. If you look at how these stocks act, the reality is that the majority of the returns are determined by business cycle behavior in the group as a whole. So as tempting as it might be to jump on that and say, "We`re just going to focus on stocks that we like," I think that the onus is on us to do what we all find very difficult to do, which is to quantify that earnings upside and make the cycle call.
So, again, I focus on identifying individual equities and product cycle stories that are interesting. But the majority of my effort is going to continue to be focused on trying to call the business cycle because that`s where the majority of the returns come from.
This interview excerpt is part of an in-depth Roundtable Forum from our 79-page Semiconductors Issue featuring in-depth interviews from five analysts and top management from fourteen sector firms discussing industry consolidation, inventory capacity, the impact of SARS, demand drivers, tracking the PC upgrade cycle, new applications, growth markets, valuation analysis, stocks to avoid, stock recommendations and more. This issue is available to subscribers by telephoning 212-952-7400 x1799 or through The Wall Street Transcript .
The Wall Street Transcript does not endorse the views of any interviewees nor does it make stock recommendations.
Semiconductor Stocks Analysis
Monday June 9, 11:30 am ET
67 WALL STREET, New York--June 9, 2003-- In an in-depth (10,100 words) Roundtable Forum, Gregory "Woody" Calleri, a Senior Technology Analyst at Midwest Research, Joseph Osha , an Analyst at Merrill Lynch Global Securities, Adam S. Parker, a Senior Analyst at Sanford C. Bernstein and Co. and Dan K. Scovel, a Semiconductor Analyst with Needham and Company, examine the outlook for the sector and share specific stock recommendations. This interview excerpt is part of an in-depth Roundtable Forum from our 79-page Semiconductors Issue featuring in-depth interviews from five analysts and top management from fourteen sector firms discussing industry consolidation, inventory capacity, the impact of SARS, demand drivers, tracking the PC upgrade cycle, new applications, growth markets, valuation analysis, stocks to avoid, stock recommendations and more. This issue is available to subscribers by telephoning 212-952-7400 x1799 or through The Wall Street Transcript
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TWST: Joe, as we look at the semiconductor industry, the stocks have done rather well over the past three or four months. Why is that, given that not much seems to be going on?
Mr. Osha: Our position has been, and we actually wrote about this in mid-February or so, that even though it was difficult to identify any real delta in end demand, the industry had drawn down the supply chain enough that you were going to see some improved demand for components, even if end demand wasn`t recovering. So I think what has gone on here in terms of the business environment and stock price performance has really been supply chain-driven, not demand-driven.
TWST: Adam, how about from your perspective? Why have things from a market point of view improved for semiconductors?
Mr. Parker: I think largely three things. One is inventory, one is optimism about an economic recovery, in which these companies will participate fundamentally, and the last would be pretty low expectations for the first quarter that were exceeded, based on inventory replenishment, and in some cases augmented by a currency tailwind. Therefore, with low expectations, you typically get upward revisions in technology stocks in general, and in semi`s specifically, and the stocks usually respond pretty well to upward revisions in the short term.
TWST: Dan, has the inventory situation been worked through, and are we actually seeing some orders coming along?
Mr. Scovel: The short answer is yes. As Joe mentioned, we are seeing some of the inventory getting soaked up out there.
Frankly, I would like to emphasize the sentiment issue with respect to expectations. I think a lot of people expected the economy to improve after the war, and that a lot of what many investors are feeling good about is a sense of relief that things aren`t getting any worse, and a hope that things will get better. Unfortunately, beyond the sentiment and hope, it`s not clear to me there is any hard evidence pointing to a recovery at this time.
TWST: Adam, what are you advising investors to do?
Mr. Parker: I`ve been recommending an underweight position in the stocks. There`s an irony there in that we had a survey out called the Greenwich Survey, where the buysiders weighed us on all these different metrics. I was getting a hard time about this the other day because the buysiders say that at Bernstein we have the best valuation framework. They rate us number one, but, evidently, nobody is using it because the stocks have been running up substantially. Yet my opinion and my valuation frameworks indicate that many of the stocks are stretched on aggressive estimates. So the recipe for the underweight is really optimistic estimates that embed a return to pricing power and stocks that are pretty expensive on those optimistic estimates.
Then, with no inherent belief that supply pricing will happen in the near term, I do have two buy recommendations. Again, we have just buy, hold and sell, and the buy recommendations are on companies that are either gaining share or have better pricing. So I`ve had a buy rating on Analog Devices (ADI) since October 1. I think it`s up roughly 75% in that time frame. The reason for that is they have a much more benign pricing environment than average, and that kind of sticks to the themes that you heard me talk about earlier. If the industry is struggling with pricing, this company has about 70% of its revenue from two categories - high performance analog and general purpose DSP - that have better than average pricing.
The other company I have a buy on right now is STMicroelectronics (STM). I think they have a lack of pricing power, so it`s different. But they`ve been a big share gainer over the last several years. Furthermore, the stock is significantly cheaper, compared to its own history, than many of the other semiconductor companies, so that`s the reason I`m recommending it.
TWST: Dan, how about from your perspective? What are you telling people to do?
Mr. Scovel: We`re also pretty cautious on the sector overall. As a fundamental analyst, it`s difficult to look at the business environment and get too excited at this point. Lately we have been looking closely at valuations. Frankly, we think it`s kind of sloppy across the sector. There are niche markets and smaller cap names we can get excited about. For example, Zoran (ZRAN) in DVDs and OmniVision (OVTI) - a client of Needham and Co. - in CMOS image sensors. But these companies are pretty small compared to the overall chip industry.
I think if the share prices get inexpensive enough across the sector, then a number of investment opportunities can become pretty interesting. But at current price levels, we do not see significant upside potential with business levels just kind of lumping along.
TWST: Woody, do you have any closing comments?
Mr. Calleri: In closing, I would point out that it looks as if it is going to be a slow, gradual recovery for the semiconductor sector, and we are probably not going to see that sharp ramp in demand that investors are looking for.
I do not think you will see a rising demand tide lift all boats in the near term, and I believe investors should focus on fundamentals, new product introductions, and current product cycles rather than chase valuations. It is going to be more important to find out who has had the latest new product introductions, who was able to increase their revenue opportunities in current products, who has introduced a new product that is helping them gain share or improve margins, and which products are selling in the end markets.
Lastly, I would counsel patience. Investors should know the companies they want to invest in and what price makes long-term sense, and then wait for the opportunity to present itself rather than chase after momentum plays where the fundamentals do not warrant it.
TWST: Joe, how about your wrap-up comments?
Mr. Osha: I agree with what has been said about product cycles. I thought there was an interesting comment made earlier about the observation that portfolio managers don`t think analysts can adequately assess what an upside is when the business recovers. That is a criticism I`ve also heard very often. But I think it`s something that we need to focus on doing. If you look at how these stocks act, the reality is that the majority of the returns are determined by business cycle behavior in the group as a whole. So as tempting as it might be to jump on that and say, "We`re just going to focus on stocks that we like," I think that the onus is on us to do what we all find very difficult to do, which is to quantify that earnings upside and make the cycle call.
So, again, I focus on identifying individual equities and product cycle stories that are interesting. But the majority of my effort is going to continue to be focused on trying to call the business cycle because that`s where the majority of the returns come from.
This interview excerpt is part of an in-depth Roundtable Forum from our 79-page Semiconductors Issue featuring in-depth interviews from five analysts and top management from fourteen sector firms discussing industry consolidation, inventory capacity, the impact of SARS, demand drivers, tracking the PC upgrade cycle, new applications, growth markets, valuation analysis, stocks to avoid, stock recommendations and more. This issue is available to subscribers by telephoning 212-952-7400 x1799 or through The Wall Street Transcript .
The Wall Street Transcript does not endorse the views of any interviewees nor does it make stock recommendations.
OmniVision Technologies Reports Fourth-Quarter and Fiscal-Year 2003 Results
Wednesday June 11, 4:05 pm ET
SUNNYVALE, Calif.--(BUSINESS WIRE)--June 11, 2003--OmniVision Technologies, Inc. (Nasdaq:OVTI - News) reported that in the fourth quarter of its fiscal year ended April 30, 2003, it earned $6.1 million, or $0.24 per diluted share, on revenues of $39.9 million, compared to net income of $1.6 million, or $0.07 per diluted share, on revenues of $13.1 million in the fourth quarter of fiscal 2002.
For its fiscal year 2003, OmniVision reported net income of $15.3 million, or $0.61 per diluted share, on revenues of $109.0 million, compared to a net loss of $1.3 million, or $0.06 per basic share, on revenues of $46.5 million in fiscal 2002. Fiscal 2002 results reflected a second-quarter charge of $3.5 million related to a litigation settlement.
For the three months ended April 30, 2003, gross profit was $15.4 million, or 38.4% of revenues, and included approximately $1.1 million from the sale of previously written-off inventory; without the sale of previously written-off inventory, gross margin would have been 36.8%, and net income would have been approximately $5.3 million, or $0.21 per diluted share. In the comparable period a year ago, gross profit was $6.6 million, or 50.2% of revenues, and included approximately $1.7 million from the sale of previously written-off inventory; without the sale of previously written-off inventory, fourth-quarter 2002 gross margin would have been 42.7%, and the net loss would have been approximately $0.1 million, or $0.01 per basic share.
Because profits in fiscal year ended April 30, 2003 exceeded expectations, the tax rate for the three months ended April 30, 2003 increased to 33% from 19% in the prior quarter, to produce a blended tax rate of 24% for the four quarters of fiscal year ended April 30, 2003.
For the fiscal year ended April 30, 2003, gross profit was $42.1 million, or 38.6% of revenues, and included approximately $3.2 million from the sale of previously written-off inventory; without the sale of previously written-off inventory, gross margin for the year would have been 36.8%, and net income would have been $12.9 million, or $0.51 per diluted share.
Direct sales to original equipment manufacturers and value-added resellers accounted for approximately 61% of revenues, with the balance of approximately 39% coming from sales through the Company`s distributors. Research and development expenses were $3.3 million, or 8.3% of revenues, compared to $3.1 million, or 10.3% of revenues, in the prior quarter. Selling, marketing, general and administrative expenses were $3.1 million, or 7.8% of revenues, compared to $2.9 million, or 9.4% of revenues, in the prior quarter.
As of April 30, 2003, the Company had $60.7 million in cash and short-term investments, $80.9 million in working capital, no debt, and stockholders` equity of $96.5 million.
For the quarter ending July 31, 2003, the Company currently expects to report earnings in a range of $0.18 to $0.19 per diluted share, on revenues of $41 to $43 million; these expectations do not presume the sale of any previously written-off inventory.
About OmniVision
OmniVision Technologies designs, develops and markets high performance, highly integrated and cost efficient semiconductor image sensor devices. Our main product, an image sensing device called the CameraChip, is used to capture an image in a wide variety of consumer commercial mass market applications including digital still cameras, cell phones and video game consoles. OmniVision believes that its highly integrated CameraChips enable camera device manufacturers to build camera products that are smaller, consume less power, cost less and are less complex and more reliable than cameras using either traditional CCDs or multiple chip CMOS image sensors. OmniVision believes that it supplies one of the most highly integrated single chip CMOS image sensor solutions available today. OmniVision`s CameraChips are currently used in a number of consumer and commercial applications such as digital still and video cameras, cell phones, personal digital assistants, personal computer cameras, toys and games, including interactive video games, and security surveillance cameras.
OmniVision and CameraChip(TM) are trademarks of OmniVision Technologies, Inc.
Safe Harbor
Certain statements in this press release, including statements relating to the Company`s expectations regarding revenues and earnings for the quarter ending July 31, 2003, are forward-looking statements that are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward looking statements and OmniVision`s results to differ materially, include, without limitation: the degree to which intense competition might affect the Company`s ability to compete successfully in its current markets and in emerging markets; the failure to obtain design wins from camera and cell phone manufacturers, which could inhibit the Company`s ability to diversify its customer base; problems with wafer manufacturing yields, which could result in higher operating costs and adversely affect the Company`s revenues and earnings; the Company`s dependence upon a few key customers, which could adversely affect its revenues and earnings; a decline in the average selling price of the Company`s products, which could result in a decline in its gross margins; the failure of demand for the Company`s products in current markets and emerging markets to meet the Company`s expectations, which could result in lower revenues and earnings; and the other risks detailed from time to time in OmniVision`s Securities and Exchange Commission filings and reports, including, but not limited to, OmniVision`s quarterly reports filed on Form 10-Q. OmniVision disclaims any obligation to update information contained in any forward-looking statement.
OMNIVISION TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
April 30,
2003 2002
ASSETS
Current assets:
Cash and cash equivalents $50,438 $55,803
Short-term investments 10,224 2,002
Accounts receivable, net 19,133 10,787
Inventories 13,642 3,244
Refundable and deferred income taxes 7,642 3,066
Prepaid expenses and other assets 1,195 987
Total current assets 102,274 75,889
Property, plant and equipment, net 12,456 6,164
Long-term investments 2,845 --
Other non-current assets 378 288
Total assets $117,953 $82,341
LIABILITIES AND STOCKHOLDERS` EQUITY
Current liabilities:
Accounts payable $10,528 $5,865
Accrued expenses and other liabilities 8,037 4,306
Deferred revenue 2,845 651
Total current liabilities 21,410 10,822
Stockholders` equity:
Common stock 23 22
Additional paid-in capital 104,848 95,469
Deferred compensation related to stock options (159) (479)
Accumulated deficit (8,169) (23,493)
Total stockholders` equity 96,543 71,519
Total liabilities and stockholders` equity $117,953 $82,341
OMNIVISION TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
Three Months Ended
April 30, April 30,
2003 2002
Revenues $39,943 $13,119
Cost of revenues 24,587 6,527
Gross profit 15,356 6,592
Operating expenses:
Research and development 3,299 2,417
Selling, general and administrative 3,125 2,677
Stock-based compensation charge 66 95
Total operating expenses 6,490 5,189
Income from operations 8,866 1,403
Interest income, net 171 204
Income before income taxes 9,037 1,607
Provision for income taxes 2,948 --
Net income $6,089 $1,607
Net income per share:
Basic $0.26 $0.07
Diluted $0.24 $0.07
Shares used in computing net income per share:
Basic 23,229 22,071
Diluted 25,523 23,989
OMNIVISION TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
Year Ended
April 30, April 30,
2003 2002
Revenues $108,998 $46,518
Cost of revenues 66,904 25,983
Gross profit 42,094 20,535
Operating expenses:
Research and development 11,550 7,754
Selling, general and administrative 10,784 11,505
Stock-based compensation charge 398 527
Litigation settlement -- 3,500
Total operating expenses 22,732 23,286
Income (loss) from operations 19,362 (2,751)
Interest income, net 802 1,477
Income (loss) before income taxes 20,164 (1,274)
Provision for income taxes 4,840 --
Net income (loss) $15,324 $(1,274)
Net income (loss) per share:
Basic $0.68 $(0.06)
Diluted $0.61 $(0.06)
Shares used in computing net income (loss) per
share:
Basic 22,678 21,862
Diluted 25,100 21,862
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
H. Gene McCown, 408/542-3000
or
Silverman Heller Associates
Philip Bourdillon/Gene Heller, 310/208-2550
--------------------------------------------------------------------------------
Source: OmniVision Technologies, Inc.
Wednesday June 11, 4:05 pm ET
SUNNYVALE, Calif.--(BUSINESS WIRE)--June 11, 2003--OmniVision Technologies, Inc. (Nasdaq:OVTI - News) reported that in the fourth quarter of its fiscal year ended April 30, 2003, it earned $6.1 million, or $0.24 per diluted share, on revenues of $39.9 million, compared to net income of $1.6 million, or $0.07 per diluted share, on revenues of $13.1 million in the fourth quarter of fiscal 2002.
For its fiscal year 2003, OmniVision reported net income of $15.3 million, or $0.61 per diluted share, on revenues of $109.0 million, compared to a net loss of $1.3 million, or $0.06 per basic share, on revenues of $46.5 million in fiscal 2002. Fiscal 2002 results reflected a second-quarter charge of $3.5 million related to a litigation settlement.
For the three months ended April 30, 2003, gross profit was $15.4 million, or 38.4% of revenues, and included approximately $1.1 million from the sale of previously written-off inventory; without the sale of previously written-off inventory, gross margin would have been 36.8%, and net income would have been approximately $5.3 million, or $0.21 per diluted share. In the comparable period a year ago, gross profit was $6.6 million, or 50.2% of revenues, and included approximately $1.7 million from the sale of previously written-off inventory; without the sale of previously written-off inventory, fourth-quarter 2002 gross margin would have been 42.7%, and the net loss would have been approximately $0.1 million, or $0.01 per basic share.
Because profits in fiscal year ended April 30, 2003 exceeded expectations, the tax rate for the three months ended April 30, 2003 increased to 33% from 19% in the prior quarter, to produce a blended tax rate of 24% for the four quarters of fiscal year ended April 30, 2003.
For the fiscal year ended April 30, 2003, gross profit was $42.1 million, or 38.6% of revenues, and included approximately $3.2 million from the sale of previously written-off inventory; without the sale of previously written-off inventory, gross margin for the year would have been 36.8%, and net income would have been $12.9 million, or $0.51 per diluted share.
Direct sales to original equipment manufacturers and value-added resellers accounted for approximately 61% of revenues, with the balance of approximately 39% coming from sales through the Company`s distributors. Research and development expenses were $3.3 million, or 8.3% of revenues, compared to $3.1 million, or 10.3% of revenues, in the prior quarter. Selling, marketing, general and administrative expenses were $3.1 million, or 7.8% of revenues, compared to $2.9 million, or 9.4% of revenues, in the prior quarter.
As of April 30, 2003, the Company had $60.7 million in cash and short-term investments, $80.9 million in working capital, no debt, and stockholders` equity of $96.5 million.
For the quarter ending July 31, 2003, the Company currently expects to report earnings in a range of $0.18 to $0.19 per diluted share, on revenues of $41 to $43 million; these expectations do not presume the sale of any previously written-off inventory.
About OmniVision
OmniVision Technologies designs, develops and markets high performance, highly integrated and cost efficient semiconductor image sensor devices. Our main product, an image sensing device called the CameraChip, is used to capture an image in a wide variety of consumer commercial mass market applications including digital still cameras, cell phones and video game consoles. OmniVision believes that its highly integrated CameraChips enable camera device manufacturers to build camera products that are smaller, consume less power, cost less and are less complex and more reliable than cameras using either traditional CCDs or multiple chip CMOS image sensors. OmniVision believes that it supplies one of the most highly integrated single chip CMOS image sensor solutions available today. OmniVision`s CameraChips are currently used in a number of consumer and commercial applications such as digital still and video cameras, cell phones, personal digital assistants, personal computer cameras, toys and games, including interactive video games, and security surveillance cameras.
OmniVision and CameraChip(TM) are trademarks of OmniVision Technologies, Inc.
Safe Harbor
Certain statements in this press release, including statements relating to the Company`s expectations regarding revenues and earnings for the quarter ending July 31, 2003, are forward-looking statements that are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward looking statements and OmniVision`s results to differ materially, include, without limitation: the degree to which intense competition might affect the Company`s ability to compete successfully in its current markets and in emerging markets; the failure to obtain design wins from camera and cell phone manufacturers, which could inhibit the Company`s ability to diversify its customer base; problems with wafer manufacturing yields, which could result in higher operating costs and adversely affect the Company`s revenues and earnings; the Company`s dependence upon a few key customers, which could adversely affect its revenues and earnings; a decline in the average selling price of the Company`s products, which could result in a decline in its gross margins; the failure of demand for the Company`s products in current markets and emerging markets to meet the Company`s expectations, which could result in lower revenues and earnings; and the other risks detailed from time to time in OmniVision`s Securities and Exchange Commission filings and reports, including, but not limited to, OmniVision`s quarterly reports filed on Form 10-Q. OmniVision disclaims any obligation to update information contained in any forward-looking statement.
OMNIVISION TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
April 30,
2003 2002
ASSETS
Current assets:
Cash and cash equivalents $50,438 $55,803
Short-term investments 10,224 2,002
Accounts receivable, net 19,133 10,787
Inventories 13,642 3,244
Refundable and deferred income taxes 7,642 3,066
Prepaid expenses and other assets 1,195 987
Total current assets 102,274 75,889
Property, plant and equipment, net 12,456 6,164
Long-term investments 2,845 --
Other non-current assets 378 288
Total assets $117,953 $82,341
LIABILITIES AND STOCKHOLDERS` EQUITY
Current liabilities:
Accounts payable $10,528 $5,865
Accrued expenses and other liabilities 8,037 4,306
Deferred revenue 2,845 651
Total current liabilities 21,410 10,822
Stockholders` equity:
Common stock 23 22
Additional paid-in capital 104,848 95,469
Deferred compensation related to stock options (159) (479)
Accumulated deficit (8,169) (23,493)
Total stockholders` equity 96,543 71,519
Total liabilities and stockholders` equity $117,953 $82,341
OMNIVISION TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
Three Months Ended
April 30, April 30,
2003 2002
Revenues $39,943 $13,119
Cost of revenues 24,587 6,527
Gross profit 15,356 6,592
Operating expenses:
Research and development 3,299 2,417
Selling, general and administrative 3,125 2,677
Stock-based compensation charge 66 95
Total operating expenses 6,490 5,189
Income from operations 8,866 1,403
Interest income, net 171 204
Income before income taxes 9,037 1,607
Provision for income taxes 2,948 --
Net income $6,089 $1,607
Net income per share:
Basic $0.26 $0.07
Diluted $0.24 $0.07
Shares used in computing net income per share:
Basic 23,229 22,071
Diluted 25,523 23,989
OMNIVISION TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share amounts)
Year Ended
April 30, April 30,
2003 2002
Revenues $108,998 $46,518
Cost of revenues 66,904 25,983
Gross profit 42,094 20,535
Operating expenses:
Research and development 11,550 7,754
Selling, general and administrative 10,784 11,505
Stock-based compensation charge 398 527
Litigation settlement -- 3,500
Total operating expenses 22,732 23,286
Income (loss) from operations 19,362 (2,751)
Interest income, net 802 1,477
Income (loss) before income taxes 20,164 (1,274)
Provision for income taxes 4,840 --
Net income (loss) $15,324 $(1,274)
Net income (loss) per share:
Basic $0.68 $(0.06)
Diluted $0.61 $(0.06)
Shares used in computing net income (loss) per
share:
Basic 22,678 21,862
Diluted 25,100 21,862
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
H. Gene McCown, 408/542-3000
or
Silverman Heller Associates
Philip Bourdillon/Gene Heller, 310/208-2550
--------------------------------------------------------------------------------
Source: OmniVision Technologies, Inc.
9:44AM OmniVision flirts with $37.48 one-yr high (OVTI) 37.40 +1.32: Stock edging lower after initial test of the $37.48 one-yr high set June 6 (session high $37.50).
9:37AM OVTI and IC-Media to ramp production vol of 3-megapixel CMOS in Q3 (OVTI) 37.77 +0.02: Digitimes article suggests OVTI and IC-Media will be starting volume production of 3-megapixel CMOS in the latter part of Q3. The article also points to Japanese DSC makers representing about 80% of the global DSC market with a strong preference for CCD sensors as opposed to CMOS sensors. OVTI and IC Media project a "bright future" for CMOS sensors because of their comparatively low cost and less power consumptive properties. However, sources within the Japan se IC design industry suggest companies who produce CMOS sensors will enjoy less pricing advantages in the future. In the even of a slowdown high-end sales, Japanese companies would focus on less advanced CCD sensors as opposed to CMOS sensors. In addition, two-megapixel to 3-megapixel DSCs, which are currently considered the mainstream, are currently projected to be replaced by 4-megapixel ones next year.
11:30AM OmniVision target raised to $48 at Needham (OVTI) 38.15 +0.86: Firm increases price target to $48 from $25 and reiterates its Buy rating on the stock. Needham also increasing Q1 est to $0.19 from $0.16, FY04 to $0.90 from $0.70 (consensus $0.84), and FY05 to $1.60 from $1.04 (consensus $1.18). The target is based on stock trading at 30x estimated FY05 earnings.
OT:
Meinungen zu DLGS betgl. CMOS-Imaging ?
Wachstumschancen wie OVTI ? Kommen zwar was später zur Party als OVTI, aber ist doch nich genung vom Buffet übrig oder ? Ich meine sogar eher, das wird doch gerade erst aufgedeckt ?
http://www.diasemi.com/
Meinungen zu DLGS betgl. CMOS-Imaging ?
Wachstumschancen wie OVTI ? Kommen zwar was später zur Party als OVTI, aber ist doch nich genung vom Buffet übrig oder ? Ich meine sogar eher, das wird doch gerade erst aufgedeckt ?
http://www.diasemi.com/
"ist doch nich genung" = "ist doch noch genug"
OFF-Topic,
Dialog Semiconductor
tja, von 1.60 auf über 2 ... hat sich das Teil denn wenigstens einmal einer angeschaut ?
DLGS ist im Markt von OVTI, und von dem will der CEO 10% ... IMO, das wird spannend.
Dialog Semiconductor
tja, von 1.60 auf über 2 ... hat sich das Teil denn wenigstens einmal einer angeschaut ?
DLGS ist im Markt von OVTI, und von dem will der CEO 10% ... IMO, das wird spannend.
techseker
OVTI von 2$ auf 40$!!!!
der CEO von DLGS kann viel wollen
du kannst doch nicht DLGS mit OVTI vergleichen!!!
gruß
OVTI von 2$ auf 40$!!!!
der CEO von DLGS kann viel wollen
du kannst doch nicht DLGS mit OVTI vergleichen!!!
gruß
OVTI war vor zwei Jahren auch noch bei zwei ... letztes Jahr sogar wiedermal bei (um die) 5 ...
Somit stellt sich die Frage, HAST DU OVTI BEI ZWEI DOLLAR GEKAUFT ? Du kannst ja OVTI weiterhin bei 40 kaufen ... mit Kursziel 46 ...
Der Markt wächst und es GEHT NICHT DARUM WER GRÖSSER IST, sondern wer daran partizipiert und bei welcher Aktie der Hebel grösser ist. OVTI hat seinen Weg gemacht, ohne Zweifel, ... aber Dialog läuft schneller von 2 nach 4 als OVTI von 40 nach 80 ... WETTEN ?
Meine Meinung.
Somit stellt sich die Frage, HAST DU OVTI BEI ZWEI DOLLAR GEKAUFT ? Du kannst ja OVTI weiterhin bei 40 kaufen ... mit Kursziel 46 ...
Der Markt wächst und es GEHT NICHT DARUM WER GRÖSSER IST, sondern wer daran partizipiert und bei welcher Aktie der Hebel grösser ist. OVTI hat seinen Weg gemacht, ohne Zweifel, ... aber Dialog läuft schneller von 2 nach 4 als OVTI von 40 nach 80 ... WETTEN ?
Meine Meinung.
"... aber Dialog läuft schneller von 2 nach 4 als OVTI von 40 nach 80 ... WETTEN ? "
Naja, sowas kapiert halt nicht jeder, zumal alle hier wahrscheinlich wie Optical OVTI bei 2 gekauft haben und damals schon das Potential, dass sie jetzt Dialog abreden wollen, bei OVTI gesehen haben ... LOL
Wie gesagt, DLG von 2 auf 4 bevor OVTI von 40 auf 8o ist.
Naja, sowas kapiert halt nicht jeder, zumal alle hier wahrscheinlich wie Optical OVTI bei 2 gekauft haben und damals schon das Potential, dass sie jetzt Dialog abreden wollen, bei OVTI gesehen haben ... LOL
Wie gesagt, DLG von 2 auf 4 bevor OVTI von 40 auf 8o ist.
Eigentlich würde jeder, der halbswegs clever ist, und OVTI tatsächlich von 2 auf 40 mitgemacht hat, sowas nicht wiederholen wollen ? Vielleicht nicht von 2 auf 40, aber von 2 auf 8 ... mit einer Firma, in dessen Märkte man abschätzen kann, weil man sich schon mit OVTI auskennt ?
Nur eine Frage. Ich habe von Aktien keine Ahnung
Nur eine Frage. Ich habe von Aktien keine Ahnung
OT: Dialog Semiconductor in USA:
3:59pm · 2.751 Change +0.521 (+23.36%)
Das sind ... > 2.4 Euro oder so ? Ich kenn mich da nicht so aus mit dem umrechnen ....
Hat OVTI heute auch +23 % gemacht ?
Wie lange braucht OVTI um 23% zu machen ... von 40 auf ... > 48 ?
HEBEL ... LEUTE ... es geht um den HEBEL basierend auf die Wachstumsaussichten ausgehend vom derzeitigen Stand, nicht wer grösser ist oder wer "teurer" ist ODER WER SICH SCHON VERZEHNFACHT HAT, SONDERN WER SICH NOCH VERZEHNFACHEN KANN ...
und um noch einen draufzusetzen ... Dialog erreicht eher die 20 Euro als OVTI die 400 ... alles nur meine Meinung, und ich habe null Ahnung von Aktien, also besser KEINE DIALOG KAUFEN und SCHÖN OVTI NACHKAUFEN BEI 40 MIT KURSZIEL 80 ...
Man könnte aber auch auf die beiden Wettberwerber, den kleinen billigen und den grossen teuren "diversifizieren" und sehen wer das rennen macht, was die VERVIELFÄLTIGUNG ANGEHT ... ich sag ja nicht, OVTI verkaufen, sondern mal über DIALOG nachdenken ... was Ihr macht, müsst Ihr selber wissen, GELLE ?
3:59pm · 2.751 Change +0.521 (+23.36%)
Das sind ... > 2.4 Euro oder so ? Ich kenn mich da nicht so aus mit dem umrechnen ....
Hat OVTI heute auch +23 % gemacht ?
Wie lange braucht OVTI um 23% zu machen ... von 40 auf ... > 48 ?
HEBEL ... LEUTE ... es geht um den HEBEL basierend auf die Wachstumsaussichten ausgehend vom derzeitigen Stand, nicht wer grösser ist oder wer "teurer" ist ODER WER SICH SCHON VERZEHNFACHT HAT, SONDERN WER SICH NOCH VERZEHNFACHEN KANN ...
und um noch einen draufzusetzen ... Dialog erreicht eher die 20 Euro als OVTI die 400 ... alles nur meine Meinung, und ich habe null Ahnung von Aktien, also besser KEINE DIALOG KAUFEN und SCHÖN OVTI NACHKAUFEN BEI 40 MIT KURSZIEL 80 ...
Man könnte aber auch auf die beiden Wettberwerber, den kleinen billigen und den grossen teuren "diversifizieren" und sehen wer das rennen macht, was die VERVIELFÄLTIGUNG ANGEHT ... ich sag ja nicht, OVTI verkaufen, sondern mal über DIALOG nachdenken ... was Ihr macht, müsst Ihr selber wissen, GELLE ?
HEY,
man kann Dialog nicht mit OVTI vergleichen ?
Dann vergleiche mal die Finanzen beider Firmen ... Wenn Dialogs Umsatz weiter steigt und das Minus weg ist und man nicht mehr soviel für F&E ausgibt ... dann sieht Dialog ja wohl nicht schlecht aus im Vergleich zu OVTI !!!
Mit dem Unterschied, das Dialog 2.20 Euro kostet (MC 100 Mio) und OCTI 40 ... (MC 800 Mio).
http://biz.yahoo.com/fin/l/o/ovti.html0
http://www.diasemi.com/template.php?page_id=20
man kann Dialog nicht mit OVTI vergleichen ?
Dann vergleiche mal die Finanzen beider Firmen ... Wenn Dialogs Umsatz weiter steigt und das Minus weg ist und man nicht mehr soviel für F&E ausgibt ... dann sieht Dialog ja wohl nicht schlecht aus im Vergleich zu OVTI !!!
Mit dem Unterschied, das Dialog 2.20 Euro kostet (MC 100 Mio) und OCTI 40 ... (MC 800 Mio).
http://biz.yahoo.com/fin/l/o/ovti.html0
http://www.diasemi.com/template.php?page_id=20
techseeker
Nein ...Ich finde nicht das du die beiden Firmen vergleichen kannst!
OVTI hat ein tolles Wachstum!
Natürlich könnte Dialog noch laufen,das hat aber nicht damit zutun das du die beiden Firmen vergleichst!
OVTI ist eine 1A Firma..Dialog gerade mal c-klasse!
grüße
Nein ...Ich finde nicht das du die beiden Firmen vergleichen kannst!
OVTI hat ein tolles Wachstum!
Natürlich könnte Dialog noch laufen,das hat aber nicht damit zutun das du die beiden Firmen vergleichst!
OVTI ist eine 1A Firma..Dialog gerade mal c-klasse!
grüße
Proxim,
seit wann ist OVTI eine 1A Firma und warum ? Seit einem Jahr ? Seit 2 Jahren ? Seit 3 Jahren ?
Was macht Dialog zu einer C-Klasse Firma und warum ?
seit wann ist OVTI eine 1A Firma und warum ? Seit einem Jahr ? Seit 2 Jahren ? Seit 3 Jahren ?
Was macht Dialog zu einer C-Klasse Firma und warum ?
"OVTI hat ein tolles Wachstum!"
Dialog wird an dem Wachstumsmarkt nicht teilhaben ?
Oh.
Dialog wird an dem Wachstumsmarkt nicht teilhaben ?
Oh.
ach ja, seit meinem ersten Posting hier ist DLG knapp 50% gesteigen ... bei OVTI hat sich nicht soviel getan, oder ?
Gut gut, OVTI ist viel toller ... sollte man auch im Depot haben und halten ... aber mal ein anderer Ansatz bzgl. des kleineren Wettbewerbers:
Ist DLG nicht unterbewertet und in OVTI schon viel Phantasie eingepreist ?
Nochmal: DLG läuft "wegen der OVTI Phantasie, die man auch auf DLG übertragen könnte", eher von 2 auf 4,6,8,10 als OVTI von 40 auf 80,120,160,400 .... IMO.
Man wird sehen, ich lass Euch hier jetzt mal in Ruhe mit diesen Pennystocks wie DLG
OVTI werd ich mir bei Gelegenheit auch nochmal ins Depot nachlegen.
Gut gut, OVTI ist viel toller ... sollte man auch im Depot haben und halten ... aber mal ein anderer Ansatz bzgl. des kleineren Wettbewerbers:
Ist DLG nicht unterbewertet und in OVTI schon viel Phantasie eingepreist ?
Nochmal: DLG läuft "wegen der OVTI Phantasie, die man auch auf DLG übertragen könnte", eher von 2 auf 4,6,8,10 als OVTI von 40 auf 80,120,160,400 .... IMO.
Man wird sehen, ich lass Euch hier jetzt mal in Ruhe mit diesen Pennystocks wie DLG
OVTI werd ich mir bei Gelegenheit auch nochmal ins Depot nachlegen.
7:30AM OmniVision initiated at Wells Fargo at Buy and $55 target (OVTI) 41.39: Wells Fargo initiates coverage of OVTI with a Buy rating and a 12-month price target of $55. CMOS technology is expanding the market for image sensors into cell phones, games, automobiles, PC cameras, and digital still cameras and the firm believes that CMOS is surpassing charged coupled device (CCD) as the technology of choice in the digital still camera market. In the firm`s opinion, OVTI is the leader in CMOS semiconductor camera chip production... The firm says it`s trading at a PEG ratio of only 1.0x, however, it should trade to a PEG of 1.3x as it estimates growth could exceed 34% in coming quarters. Sees risks: 1) technology risk; 2) pricing risk; 3) substitution risk; and 4) international risk.
OmniVision Increases Guidance for the 2004 Second Fiscal Quarter
Wednesday October 29, 6:30 am ET
SUNNYVALE, Calif.--(BUSINESS WIRE)--Oct. 29, 2003--OmniVision Technologies, Inc. (Nasdaq:OVTI - News), a leading independent supplier of CameraChip(TM) solutions for high-volume imaging applications, today announced that it is updating its guidance for revenue and earnings per share for the second quarter of fiscal 2004, ending October 31, 2003. Benefiting from strong demand from the digital-still-camera, video-game, and cell-phone markets, OmniVision projects that revenue will meet or exceed $65 million and that fully diluted earnings per share will meet or exceed $0.30. The company`s prior target ranges, provided on August 20, 2003, were for revenue of $48 million to $50 million and fully diluted earnings per share of $0.22 to $0.23.
ADVERTISEMENT
The Company plans to report results on November 19, 2003, after the market closes.
About OmniVision
OmniVision Technologies designs, develops and markets high performance, highly integrated and cost efficient semiconductor image sensor devices. Our main product, an image sensing device called the CameraChip(TM), is used to capture an image in a wide variety of consumer and commercial mass-market applications including digital still cameras, cell phones and video game consoles. OmniVision believes that its highly integrated CameraChips enable device manufacturers to build camera products that are smaller, less complex and more reliable, consume less power, and cost less than cameras using either traditional CCDs or multiple-chip CMOS image sensors. OmniVision believes that it supplies one of the most highly integrated single-chip CMOS image sensor solutions available today. OmniVision`s CameraChips are currently used in a number of consumer and commercial applications such as digital still and video cameras, cell phones, personal digital assistants, personal computer cameras, toys and games, including interactive video games, and security surveillance cameras. OmniVision Technologies is headquartered at 1341 Orleans Drive, Sunnyvale, CA 94086. Additional information is available at www.OVT.com.
OmniVision and CameraChip(TM) are trademarks of OmniVision Technologies, Inc.
Safe Harbor
Certain statements in this press release, including statements relating to the Company`s expectations regarding revenue and earnings per share for the quarter ending October 31, 2003, and statements about market demand, are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management`s current expectations, and actual results may differ materially from those projected as a result of certain risks and uncertainties. The risk and uncertainties include, without limitation, the following risks: the degree to which intense competition might affect the Company`s ability to compete successfully in current and emerging markets for image sensor products; risks associated with the Company`s ability to obtain design wins from camera, cell phone and other image sensor device manufacturers which could inhibit the Company`s ability to sustain and grow its business; risks associated with wafer manufacturing yields and other manufacturing processes, which could materially and adversely affect the Company`s revenue and earnings and its ability to satisfy customer demand; risks associated with the Company`s planned streamlining and consolidation of manufacturing processes which could adversely affect the Company`s operating expenses and its ability to sustain and expand its business; risks associated with the development of current and emerging markets for CMOS image sensor products, generally, and the Company`s products, specifically, which could result in lower revenues and earnings and adversely affect the Company`s business and prospects; risks associated with the development of new products which would adversely affect the Company`s ability to compete successfully in the CMOS image sensor market; the Company`s dependence upon a few key customers, the loss of one or more of such key customers could materially and adversely affect the Company`s business and results of operations; a decline in the average selling price of the Company`s products, which could result in a decline in the Company`s gross margins; and the other risks detailed from time to time in the Company`s Securities and Exchange Commission filings and reports, including, but not limited to, the Company`s most recent annual report filed on Form 10-K. The Company disclaims any obligation to update information contained in any forward-looking statement.
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
John T. Rossi, 408-542-3000
or
Silverman Heller Associates
Philip Bourdillon/Eugene Heller, 310-208-2550
--------------------------------------------------------------------------------
Source: OmniVision Technologies, Inc.
Wednesday October 29, 6:30 am ET
SUNNYVALE, Calif.--(BUSINESS WIRE)--Oct. 29, 2003--OmniVision Technologies, Inc. (Nasdaq:OVTI - News), a leading independent supplier of CameraChip(TM) solutions for high-volume imaging applications, today announced that it is updating its guidance for revenue and earnings per share for the second quarter of fiscal 2004, ending October 31, 2003. Benefiting from strong demand from the digital-still-camera, video-game, and cell-phone markets, OmniVision projects that revenue will meet or exceed $65 million and that fully diluted earnings per share will meet or exceed $0.30. The company`s prior target ranges, provided on August 20, 2003, were for revenue of $48 million to $50 million and fully diluted earnings per share of $0.22 to $0.23.
ADVERTISEMENT
The Company plans to report results on November 19, 2003, after the market closes.
About OmniVision
OmniVision Technologies designs, develops and markets high performance, highly integrated and cost efficient semiconductor image sensor devices. Our main product, an image sensing device called the CameraChip(TM), is used to capture an image in a wide variety of consumer and commercial mass-market applications including digital still cameras, cell phones and video game consoles. OmniVision believes that its highly integrated CameraChips enable device manufacturers to build camera products that are smaller, less complex and more reliable, consume less power, and cost less than cameras using either traditional CCDs or multiple-chip CMOS image sensors. OmniVision believes that it supplies one of the most highly integrated single-chip CMOS image sensor solutions available today. OmniVision`s CameraChips are currently used in a number of consumer and commercial applications such as digital still and video cameras, cell phones, personal digital assistants, personal computer cameras, toys and games, including interactive video games, and security surveillance cameras. OmniVision Technologies is headquartered at 1341 Orleans Drive, Sunnyvale, CA 94086. Additional information is available at www.OVT.com.
OmniVision and CameraChip(TM) are trademarks of OmniVision Technologies, Inc.
Safe Harbor
Certain statements in this press release, including statements relating to the Company`s expectations regarding revenue and earnings per share for the quarter ending October 31, 2003, and statements about market demand, are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management`s current expectations, and actual results may differ materially from those projected as a result of certain risks and uncertainties. The risk and uncertainties include, without limitation, the following risks: the degree to which intense competition might affect the Company`s ability to compete successfully in current and emerging markets for image sensor products; risks associated with the Company`s ability to obtain design wins from camera, cell phone and other image sensor device manufacturers which could inhibit the Company`s ability to sustain and grow its business; risks associated with wafer manufacturing yields and other manufacturing processes, which could materially and adversely affect the Company`s revenue and earnings and its ability to satisfy customer demand; risks associated with the Company`s planned streamlining and consolidation of manufacturing processes which could adversely affect the Company`s operating expenses and its ability to sustain and expand its business; risks associated with the development of current and emerging markets for CMOS image sensor products, generally, and the Company`s products, specifically, which could result in lower revenues and earnings and adversely affect the Company`s business and prospects; risks associated with the development of new products which would adversely affect the Company`s ability to compete successfully in the CMOS image sensor market; the Company`s dependence upon a few key customers, the loss of one or more of such key customers could materially and adversely affect the Company`s business and results of operations; a decline in the average selling price of the Company`s products, which could result in a decline in the Company`s gross margins; and the other risks detailed from time to time in the Company`s Securities and Exchange Commission filings and reports, including, but not limited to, the Company`s most recent annual report filed on Form 10-K. The Company disclaims any obligation to update information contained in any forward-looking statement.
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
John T. Rossi, 408-542-3000
or
Silverman Heller Associates
Philip Bourdillon/Eugene Heller, 310-208-2550
--------------------------------------------------------------------------------
Source: OmniVision Technologies, Inc.
OmniVision Technologies Achieves Record Quarter-to-Quarter Growth in Second Quarter of Fiscal 2004
Wednesday November 19, 4:05 pm ET
SUNNYVALE, Calif.--(BUSINESS WIRE)--Nov. 19, 2003--OmniVision Technologies, Inc. (Nasdaq:OVTI - News) reported that in the three months ended October 31, 2003, the second quarter of its fiscal year ending April 30, 2004, it earned net income of $11.6 million, or $0.39 per diluted share, on revenues of $68.5 million, compared to net income of $3.0 million, or $0.12 per diluted share, on revenues of $21.7 million in the second quarter of fiscal 2003.
Revenues grew by 215% year-to-year and by 47% quarter-to-quarter. "We achieved our greatest quarter-to-quarter revenue growth to date, thanks to wide diversity in customers and to strong contributions from the cell-phone, digital-camera, and video-game markets," said Shaw Hong, president and chief executive officer.
For the three months ended October 31, 2003, gross profit was $26.1 million, or 38.0% of revenues, and included approximately $441,000 from the sale of previously written off inventory. Without the sale of previously written off inventory, gross margin would have been 37.6%, and net income would have been approximately $11.4 million, or $0.38 per diluted share. In the comparable period a year ago, gross profit was $8.7 million, or 39.9% of revenues, and included approximately $957,000 from the sale of previously written off inventory; without the sale of previously written off inventory, second-quarter fiscal 2003 gross margin would have been 37.2%, and net income would have been approximately $2.2 million, or $0.09 per diluted share.
During the quarter ended October 31, 2003, direct sales to original equipment manufacturers and value-added resellers accounted for approximately 71% of revenues, with the balance of approximately 29% coming through the Company`s distributors.
As of October 31, 2003, the Company had $186 million in cash and short-term investments, $208 million in working capital, $232 million in stockholders` equity, and no debt.
For the quarter ending January 31, 2004, the Company currently expects to report earnings of $0.40 to $0.42 per diluted share on revenues of $74 million to $78 million; these expectations do not presume the sale of any previously written off inventory.
Teleconference
At 1:30 p.m. PST (4:30 p.m. EST) today, November 19, 2003, the Company will hold a teleconference to discuss the financial results and future plans and prospects. To participate in the teleconference, please call (toll free) 877-523-2171 approximately 10 minutes prior to the start time. For international callers, the dial-in number is 706-634-1478. One may also listen live via the Internet at the Company`s Website, www.ovt.com, or at www.FullDisclosure.com.
About OmniVision
OmniVision Technologies designs, develops and markets high performance, highly integrated and cost efficient semiconductor image sensor devices. Our main product, an image sensing device called the CameraChip(TM), is used to capture an image in a wide variety of consumer and commercial mass-market applications including digital still cameras, cell phones and video game consoles. OmniVision believes that its highly integrated CameraChips enable device manufacturers to build camera products that are smaller, less complex and more reliable, consume less power, and cost less than cameras using either traditional CCDs or multiple-chip CMOS image sensors. OmniVision believes that it supplies one of the most highly integrated single-chip CMOS image sensor solutions available today. OmniVision`s CameraChips are currently used in a number of consumer and commercial applications such as digital still and video cameras, cell phones, personal digital assistants, personal computer cameras, toys and games, including interactive video games, and security surveillance cameras. OmniVision Technologies is headquartered at 1341 Orleans Drive, Sunnyvale, CA 94089. Additional information is available at www.ovt.com.
OmniVision and CameraChip(TM) are trademarks of OmniVision Technologies, Inc.
Safe-Harbor Statement
Certain statements in this press release, including statements relating to the Company`s expectations regarding revenue and earnings per share for the quarter ending January 31, 2004 are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management`s current expectations, and actual results may differ materially from those projected as a result of certain risks and uncertainties. The risks and uncertainties include, without limitation, the following: the degree to which intense competition might affect the Company`s ability to compete successfully in current and emerging markets for image sensor products; risks associated with the Company`s ability to obtain design wins from camera, cell phone and other image sensor device manufacturers which could inhibit the Company`s ability to sustain and grow its business; risks associated with wafer manufacturing yields and other manufacturing processes, which could materially and adversely affect the Company`s revenue and earnings and its ability to satisfy customer demand; risks associated with the Company`s planned streamlining and consolidation of manufacturing processes which could adversely affect the Company`s operating expenses and its ability to sustain and expand its business; risks associated with the development of current and emerging markets for CMOS image sensor products, generally, and the Company`s products, specifically, which could result in lower revenues and earnings and adversely affect the Company`s business and prospects; risks associated with the development of new products which would adversely affect the Company`s ability to compete successfully in the CMOS image sensor market; the Company`s dependence upon a few key customers, the loss of one or more of such key customers could materially and adversely affect the Company`s business and results of operations; a decline in the average selling price of the Company`s products, which could result in a decline in the Company`s revenues and gross margins; and the other risks detailed from time to time in the Company`s Securities and Exchange Commission filings and reports, including, but not limited to, the Company`s most recent quarterly report filed on Form 10-Q. The Company disclaims any obligation to update information contained in any forward-looking statement.
OMNIVISION TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
(unaudited)
October 31, April 30,
2003 2003
ASSETS
Current assets:
Cash and cash equivalents $174,864 $50,438
Short-term investments 11,548 10,224
Accounts receivable, net 39,649 19,133
Inventories 29,302 13,642
Refundable and deferred income taxes 6,438 7,642
Prepaid expenses and other assets 1,696 1,195
Total current assets 263,497 102,274
Property, plant and equipment, net 18,370 12,456
Long-term investments 4,828 2,845
Other non-current assets 407 378
Total assets $287,102 $117,953
LIABILITIES AND STOCKHOLDERS` EQUITY
Current liabilities:
Accounts payable $38,031 $10,528
Accrued expenses and other liabilities 12,954 8,037
Deferred revenue 4,341 2,845
Total current liabilities 55,326 21,410
Stockholders` equity:
Common stock, $0.001 par value; 100,000
shares authorized; 27,079 and 23,403
shares issued and outstanding 27 23
Additional paid-in capital 222,133 104,848
Deferred compensation related to stock
options (71) (159)
Retained earnings/accumulated (deficit) 9,687 (8,169)
Total stockholders` equity 231,776 96,543
Total liabilities and stockholders`
equity $287,102 $117,953
OMNIVISION TECHNOLOGIES, INC.
CONDENSED INCOME STATEMENTS
(in thousands, except per share amounts)
(unaudited)
Three Months Ended Six Months Ended
October 31, October 31, October 31, October 31,
2003 2002 2003 2002
Revenues $68,540 $21,743 $115,032 $38,533
Cost of revenues 42,476 13,063 71,604 23,337
Gross profit 26,064 8,680 43,428 15,196
Operating expenses:
Research and
development 3,173 2,489 6,753 5,119
Selling, general
and administrative 5,705 2,710 10,195 4,790
Stock compensation
charge 95 150 196 264
Total operating
expenses 8,973 5,349 17,144 10,173
Income from operations 17,091 3,331 26,284 5,023
Interest income
(expense), net 548 216 770 432
Income before income
taxes 17,639 3,547 27,054 5,455
Provision for income
taxes 5,997 532 9,198 818
Net income $11,642 $3,015 $17,856 $4,637
Net income per share:
Basic $0.43 $0.13 $0.70 $0.21
Diluted $0.39 $0.12 $0.62 $0.19
Shares used in computing
net income per share:
Basic 26,973 22,438 25,406 22,348
Diluted 30,148 24,441 28,827 24,955
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
John T. Rossi, 408-542-3000
or
Silverman Heller Associates
Philip Bourdillon/Eugene Heller, 310-208-2550
--------------------------------------------------------------------------------
Source: OmniVision Technologies, Inc.
Wednesday November 19, 4:05 pm ET
SUNNYVALE, Calif.--(BUSINESS WIRE)--Nov. 19, 2003--OmniVision Technologies, Inc. (Nasdaq:OVTI - News) reported that in the three months ended October 31, 2003, the second quarter of its fiscal year ending April 30, 2004, it earned net income of $11.6 million, or $0.39 per diluted share, on revenues of $68.5 million, compared to net income of $3.0 million, or $0.12 per diluted share, on revenues of $21.7 million in the second quarter of fiscal 2003.
Revenues grew by 215% year-to-year and by 47% quarter-to-quarter. "We achieved our greatest quarter-to-quarter revenue growth to date, thanks to wide diversity in customers and to strong contributions from the cell-phone, digital-camera, and video-game markets," said Shaw Hong, president and chief executive officer.
For the three months ended October 31, 2003, gross profit was $26.1 million, or 38.0% of revenues, and included approximately $441,000 from the sale of previously written off inventory. Without the sale of previously written off inventory, gross margin would have been 37.6%, and net income would have been approximately $11.4 million, or $0.38 per diluted share. In the comparable period a year ago, gross profit was $8.7 million, or 39.9% of revenues, and included approximately $957,000 from the sale of previously written off inventory; without the sale of previously written off inventory, second-quarter fiscal 2003 gross margin would have been 37.2%, and net income would have been approximately $2.2 million, or $0.09 per diluted share.
During the quarter ended October 31, 2003, direct sales to original equipment manufacturers and value-added resellers accounted for approximately 71% of revenues, with the balance of approximately 29% coming through the Company`s distributors.
As of October 31, 2003, the Company had $186 million in cash and short-term investments, $208 million in working capital, $232 million in stockholders` equity, and no debt.
For the quarter ending January 31, 2004, the Company currently expects to report earnings of $0.40 to $0.42 per diluted share on revenues of $74 million to $78 million; these expectations do not presume the sale of any previously written off inventory.
Teleconference
At 1:30 p.m. PST (4:30 p.m. EST) today, November 19, 2003, the Company will hold a teleconference to discuss the financial results and future plans and prospects. To participate in the teleconference, please call (toll free) 877-523-2171 approximately 10 minutes prior to the start time. For international callers, the dial-in number is 706-634-1478. One may also listen live via the Internet at the Company`s Website, www.ovt.com, or at www.FullDisclosure.com.
About OmniVision
OmniVision Technologies designs, develops and markets high performance, highly integrated and cost efficient semiconductor image sensor devices. Our main product, an image sensing device called the CameraChip(TM), is used to capture an image in a wide variety of consumer and commercial mass-market applications including digital still cameras, cell phones and video game consoles. OmniVision believes that its highly integrated CameraChips enable device manufacturers to build camera products that are smaller, less complex and more reliable, consume less power, and cost less than cameras using either traditional CCDs or multiple-chip CMOS image sensors. OmniVision believes that it supplies one of the most highly integrated single-chip CMOS image sensor solutions available today. OmniVision`s CameraChips are currently used in a number of consumer and commercial applications such as digital still and video cameras, cell phones, personal digital assistants, personal computer cameras, toys and games, including interactive video games, and security surveillance cameras. OmniVision Technologies is headquartered at 1341 Orleans Drive, Sunnyvale, CA 94089. Additional information is available at www.ovt.com.
OmniVision and CameraChip(TM) are trademarks of OmniVision Technologies, Inc.
Safe-Harbor Statement
Certain statements in this press release, including statements relating to the Company`s expectations regarding revenue and earnings per share for the quarter ending January 31, 2004 are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management`s current expectations, and actual results may differ materially from those projected as a result of certain risks and uncertainties. The risks and uncertainties include, without limitation, the following: the degree to which intense competition might affect the Company`s ability to compete successfully in current and emerging markets for image sensor products; risks associated with the Company`s ability to obtain design wins from camera, cell phone and other image sensor device manufacturers which could inhibit the Company`s ability to sustain and grow its business; risks associated with wafer manufacturing yields and other manufacturing processes, which could materially and adversely affect the Company`s revenue and earnings and its ability to satisfy customer demand; risks associated with the Company`s planned streamlining and consolidation of manufacturing processes which could adversely affect the Company`s operating expenses and its ability to sustain and expand its business; risks associated with the development of current and emerging markets for CMOS image sensor products, generally, and the Company`s products, specifically, which could result in lower revenues and earnings and adversely affect the Company`s business and prospects; risks associated with the development of new products which would adversely affect the Company`s ability to compete successfully in the CMOS image sensor market; the Company`s dependence upon a few key customers, the loss of one or more of such key customers could materially and adversely affect the Company`s business and results of operations; a decline in the average selling price of the Company`s products, which could result in a decline in the Company`s revenues and gross margins; and the other risks detailed from time to time in the Company`s Securities and Exchange Commission filings and reports, including, but not limited to, the Company`s most recent quarterly report filed on Form 10-Q. The Company disclaims any obligation to update information contained in any forward-looking statement.
OMNIVISION TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
(unaudited)
October 31, April 30,
2003 2003
ASSETS
Current assets:
Cash and cash equivalents $174,864 $50,438
Short-term investments 11,548 10,224
Accounts receivable, net 39,649 19,133
Inventories 29,302 13,642
Refundable and deferred income taxes 6,438 7,642
Prepaid expenses and other assets 1,696 1,195
Total current assets 263,497 102,274
Property, plant and equipment, net 18,370 12,456
Long-term investments 4,828 2,845
Other non-current assets 407 378
Total assets $287,102 $117,953
LIABILITIES AND STOCKHOLDERS` EQUITY
Current liabilities:
Accounts payable $38,031 $10,528
Accrued expenses and other liabilities 12,954 8,037
Deferred revenue 4,341 2,845
Total current liabilities 55,326 21,410
Stockholders` equity:
Common stock, $0.001 par value; 100,000
shares authorized; 27,079 and 23,403
shares issued and outstanding 27 23
Additional paid-in capital 222,133 104,848
Deferred compensation related to stock
options (71) (159)
Retained earnings/accumulated (deficit) 9,687 (8,169)
Total stockholders` equity 231,776 96,543
Total liabilities and stockholders`
equity $287,102 $117,953
OMNIVISION TECHNOLOGIES, INC.
CONDENSED INCOME STATEMENTS
(in thousands, except per share amounts)
(unaudited)
Three Months Ended Six Months Ended
October 31, October 31, October 31, October 31,
2003 2002 2003 2002
Revenues $68,540 $21,743 $115,032 $38,533
Cost of revenues 42,476 13,063 71,604 23,337
Gross profit 26,064 8,680 43,428 15,196
Operating expenses:
Research and
development 3,173 2,489 6,753 5,119
Selling, general
and administrative 5,705 2,710 10,195 4,790
Stock compensation
charge 95 150 196 264
Total operating
expenses 8,973 5,349 17,144 10,173
Income from operations 17,091 3,331 26,284 5,023
Interest income
(expense), net 548 216 770 432
Income before income
taxes 17,639 3,547 27,054 5,455
Provision for income
taxes 5,997 532 9,198 818
Net income $11,642 $3,015 $17,856 $4,637
Net income per share:
Basic $0.43 $0.13 $0.70 $0.21
Diluted $0.39 $0.12 $0.62 $0.19
Shares used in computing
net income per share:
Basic 26,973 22,438 25,406 22,348
Diluted 30,148 24,441 28,827 24,955
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
John T. Rossi, 408-542-3000
or
Silverman Heller Associates
Philip Bourdillon/Eugene Heller, 310-208-2550
--------------------------------------------------------------------------------
Source: OmniVision Technologies, Inc.
@panik
respekt für den riecher!
so long...
EL
respekt für den riecher!
so long...
EL
10:59AM OmniVision upgraded at DA Davidson (OVTI) 61.20 +5.61: -- Update -- DA Davidson upgrades to Buy from Neutral and raises their target to $70 from $57; firm cites the co`s stronger than expected Q2 results, and says that the co`s joint venture with Taiwan Semiconductor has the potential to provide OVTI with a competitive advantage of reduced cost and control over this critical part of the manufacturing process.
Motorola Updates Comments on Integrated Camera Phones
PRNewswire
December 4, 2003 (11:30 a.m. ET)
Motorola Updates Comments on Integrated Camera Phones
Strong Demand for Triplets Facing Supply Constraints for Camera Components
LIBERTYVILLE, Ill., Dec. 4 /PRNewswire-FirstCall/ -- Tom Lynch, President of the Personal Communications Sector at Motorola, Inc. (NYSE: MOT), said today that while the company`s new integrated-camera handsets are winning rave reviews with industry experts, mobile operators and consumers, supply constraints for integrated-camera components are posing a challenge to delivery efforts. " The Motorola V300 and V500 began shipping earlier in the quarter and are available today, and the V600 will ship imminently," Lynch said. " Unit volumes, however, are lower than our customers are asking for due to supply constraints for the integrated-camera components." " We share our customers` disappointment in the current situation," Lynch added. " We are doing everything possible to accelerate the supply of camera components -- without compromising the quality of our `phone-first` performance or of the picture-messaging experience." Consistent with the company`s prior guidance for PCS, 18 new phones will ship in the 4th Quarter, 7 featuring color displays and 8 featuring color displays and integrated cameras. " The supply constraint for integrated-camera components is an industry- wide problem," said Bob Perez, Vice President and General Manager of Supply Chain Operations for Motorola PCS. " Motorola is feeling a larger impact because of the extremely limited supply of the smaller camera technology that we use for our handsets, which enables a compelling clamshell form factor and stylish design." Motorola PCS executives added that the demand trends are very strong for Motorola handsets in North America, Europe and Asia. " Everyone wants these phones," said Geoffrey Frost, Chief Brand Officer for Motorola. " We`re doing everything we can to work with our customers to satisfy demand, and we truly appreciate the support that our customers have demonstrated." Today, Motorola has 12 integrated-camera handsets available on the market -- with models available in North America, Europe and Asia enjoying strong demand from wireless operators and consumers alike.
http://www.eetimes.com/pressreleases/prnewswire/115923
... aus diesem Grunde werden auch die "Kleinen" Camera-Chip Lieferanten wie Dialog profitieren ..., oder ?
PRNewswire
December 4, 2003 (11:30 a.m. ET)
Motorola Updates Comments on Integrated Camera Phones
Strong Demand for Triplets Facing Supply Constraints for Camera Components
LIBERTYVILLE, Ill., Dec. 4 /PRNewswire-FirstCall/ -- Tom Lynch, President of the Personal Communications Sector at Motorola, Inc. (NYSE: MOT), said today that while the company`s new integrated-camera handsets are winning rave reviews with industry experts, mobile operators and consumers, supply constraints for integrated-camera components are posing a challenge to delivery efforts. " The Motorola V300 and V500 began shipping earlier in the quarter and are available today, and the V600 will ship imminently," Lynch said. " Unit volumes, however, are lower than our customers are asking for due to supply constraints for the integrated-camera components." " We share our customers` disappointment in the current situation," Lynch added. " We are doing everything possible to accelerate the supply of camera components -- without compromising the quality of our `phone-first` performance or of the picture-messaging experience." Consistent with the company`s prior guidance for PCS, 18 new phones will ship in the 4th Quarter, 7 featuring color displays and 8 featuring color displays and integrated cameras. " The supply constraint for integrated-camera components is an industry- wide problem," said Bob Perez, Vice President and General Manager of Supply Chain Operations for Motorola PCS. " Motorola is feeling a larger impact because of the extremely limited supply of the smaller camera technology that we use for our handsets, which enables a compelling clamshell form factor and stylish design." Motorola PCS executives added that the demand trends are very strong for Motorola handsets in North America, Europe and Asia. " Everyone wants these phones," said Geoffrey Frost, Chief Brand Officer for Motorola. " We`re doing everything we can to work with our customers to satisfy demand, and we truly appreciate the support that our customers have demonstrated." Today, Motorola has 12 integrated-camera handsets available on the market -- with models available in North America, Europe and Asia enjoying strong demand from wireless operators and consumers alike.
http://www.eetimes.com/pressreleases/prnewswire/115923
... aus diesem Grunde werden auch die "Kleinen" Camera-Chip Lieferanten wie Dialog profitieren ..., oder ?
Achja, Dialog von 2 auf 4, OVTI von 45 auf 60 ... es lohnt sich beide zu haben, IMO.
So jetzt mal Dummgepushe: Dialog = Call auf OVTI mit Hebel
http://yahoo.businessweek.com/magazine/content/03_52/b386467…
Although The Top Sectors May Shift, Funds Have A Lot More Growing To Do
It was a bittersweet year for mutual funds. A wide-reaching trading scandal tainted the industry, ensnaring some of the nation`s most venerable fund families. But happily, that didn`t dampen performance. The average U.S. diversified equity fund earned a total return of 29.7%, vs. 24.1% for the Standard & Poor`s 500-stock index through Dec. 12. Inflows have remained strong, too, with funds raking in more than $63 billion since the scandal broke in September. Christopher N. Brown, a financial adviser at CommonWealth Advisory Group in Gaithersburg, Md., says none of his clients is complaining to him that "the fund industry stinks. You get fewer calls when things are going up."
Fund managers are quick to point out it will be tough to match 2003`s stellar returns. "It`s going to be a positive market, but none of us is going to send in our application forms to Mensa," says John G. Goode, manager of the $4.3 billion Smith Barney Fundamental Value Fund. Even so, Bill Miller, manager of the $13 billion Legg Mason Value Trust Fund, which is likely to beat the S&P 500 for the 13th year in a row, with a return of 35.4%, remains bullish. "As we look out over the next 12 months, it looks like smooth sailing for equities," he says. Some of his favorite picks can be found in the fast-growing Internet arena, but he also likes advertising agency WPP Group and photo and imaging giant Kodak.
Technology stocks lifted many funds in 2003, including Oberweis Micro-Cap Fund (OBMCX ), a small-cap growth fund that focuses on companies with market capitalizations below $250 million. The fund posted an eye-popping gain of 105.1%, making it one of the year`s best performers (table). More than one-third of the $53 million micro-cap portfolio, which is closed to new investors, is stashed in technology stocks, which benefited from an uptick in corporate tech spending. (Funds that specialize in technology also soared in 2003, gaining 54.4%.)
Will tech`s momentum continue? With the economy in much better shape than it was a year ago, James W. Oberweis thinks so. He`s especially high on the chipmakers. "The semiconductor cycle is coming into play -- especially from companies related to MP3, DVDs, and cell-phone technologies," says Oberweis, who also oversees Oberweis Emerging Growth Fund (OBEGX ), up 67.6%. He likes Omni-Vision Technologies Inc. (OVTI ), a maker of chips for digital cameras.
While networking and hardware names performed well in 2003, software stocks lagged. That`s why they`ve caught the eye of bargain shoppers such as Peter I. Higgins, portfolio manager of the $220 million Dreyfus Small Company Value Fund (DSGAX ), also one of the year`s best performers, up 78.6%. Thanks to relatively cheap valuations and good earnings prospects, Higgins says software is one of the cheapest areas in tech. Ever the bargain shopper, Higgins is also eyeing energy stocks, which underperformed the broader market in 2003. He thinks they`re poised to rebound amid increased demand for natural gas.
Growth managers like Oberweis and value managers like Higgins traditionally don`t shine in the same years. What made 2003 unique is that it was a year when both styles prospered. Large-company value funds gained 24%, and large-company growth funds rose 24.5%. And while small-company value funds increased 39.9%, small-company growth funds delivered the best results among diversified stock funds, up 42.1%.
Reemerging markets
Few experts expect small-company stocks to rise at a similar pace in 2004. "The small-cap outperformance probably is in the seventh inning," says Jack Laporte, a veteran small-company stockpicker and manager of the $4.8 billion T. Rowe Price New Horizons Fund, up 46.3%. "Small caps may continue to outperform over the next 6 to 12 months, but not at the same magnitude as they did in the past year."
That`s why managers are turning their attention to mid-caps -- typically companies with market capitalizations of $2 billion to $10 billion. "The next best thing to small caps will be mid-caps in 2004," says James R. Margard, chief investment officer at Rainier Investment Management, which offers several mutual funds. One area he`s watching is advertising. Companies such as ValueClick Inc. (VCLK ), an e-marketing concern, should take off as advertising rebounds, buoyed by the 2004 Olympics and the Presidential election, Margard says.
That said, investors shouldn`t overlook large-company stocks. Blue-chip names should benefit from a falling dollar, which makes their sizable foreign profits more valuable. In addition, large companies have shed jobs while increasing productivity. Academic studies show that large caps tend to perform well in the second year of a recovery.
There`s even more money to be made overseas. Latin American funds gained 53.3%, while Asia Pacific funds (excluding Japan) rose 48.3% in 2003. Looking ahead, "the pronounced growth will be outside the U.S.," says Fred Taylor, chief investment officer at U.S. Trust (SCH ). Experts say some of the best bargains are in emerging markets. "Many stocks are undervalued there relative to the developed world," says Rudolph-Riad Younes, co-manager of the Julius Baer International Equity Fund, which gained 29.5%. More than 20% of the fund is invested in markets such as the Czech Republic, Poland, Hungary, and Turkey.
Perhaps the biggest global growth potential is in Asia -- namely China and India, where education levels are high and consumption is growing. "You`ve got higher growth everywhere in Asia than you do almost anywhere else in the world," says David Linehan, manager of the $76 million Excelsior Pacific Asia Fund (USPAX ), up 34.6%. As a result, he`s focusing on select retailers, auto makers, and other Asian companies poised to benefit as consumers open their wallets.
The three-year winning streak for bond funds seems to have petered out. Traditional categories such as intermediate and long-term government funds delivered tepid results. There were some bright spots, though, including high-yield (up 21.4%) and convertibles (up 23%), both of which are closely tied to the equity markets.
The good news is that the party for both sectors isn`t over yet, although returns might not be as robust. Convertible bonds should continue to climb as the economy rebounds and companies look for financing. "If you have a combination of higher stock prices and higher interest rates, convertibles are really the cheapest access of capital for corporations,"says Nick P. Calamos, co-manager of several Calamos funds. "They are cheaper than debt, cheaper than equities."
Corporate bonds are also one of the better bets because U.S. companies have healthy balance sheets, and credit risk is minimal, says Kevin Grant, who manages several bond funds at Fidelity Investments. Grant is not especially worried about rising rates because today`s bond prices already reflect a somewhat higher interest-rate environment.
Overall, investors shouldn`t expect bond funds to regain their momentum anytime soon, especially as interest rates rise. "There are fewer opportunities, and yields are generally lower," says Kenneth J. Taubes, director of fixed income at Pioneer Investment Management Inc. But don`t overlook the fixed-income market completely, especially for diversification. Even a small dose of carefully selected bond funds can go a long way in helping investors ride out any bumps in the equity markets.
By Lauren Young
Although The Top Sectors May Shift, Funds Have A Lot More Growing To Do
It was a bittersweet year for mutual funds. A wide-reaching trading scandal tainted the industry, ensnaring some of the nation`s most venerable fund families. But happily, that didn`t dampen performance. The average U.S. diversified equity fund earned a total return of 29.7%, vs. 24.1% for the Standard & Poor`s 500-stock index through Dec. 12. Inflows have remained strong, too, with funds raking in more than $63 billion since the scandal broke in September. Christopher N. Brown, a financial adviser at CommonWealth Advisory Group in Gaithersburg, Md., says none of his clients is complaining to him that "the fund industry stinks. You get fewer calls when things are going up."
Fund managers are quick to point out it will be tough to match 2003`s stellar returns. "It`s going to be a positive market, but none of us is going to send in our application forms to Mensa," says John G. Goode, manager of the $4.3 billion Smith Barney Fundamental Value Fund. Even so, Bill Miller, manager of the $13 billion Legg Mason Value Trust Fund, which is likely to beat the S&P 500 for the 13th year in a row, with a return of 35.4%, remains bullish. "As we look out over the next 12 months, it looks like smooth sailing for equities," he says. Some of his favorite picks can be found in the fast-growing Internet arena, but he also likes advertising agency WPP Group and photo and imaging giant Kodak.
Technology stocks lifted many funds in 2003, including Oberweis Micro-Cap Fund (OBMCX ), a small-cap growth fund that focuses on companies with market capitalizations below $250 million. The fund posted an eye-popping gain of 105.1%, making it one of the year`s best performers (table). More than one-third of the $53 million micro-cap portfolio, which is closed to new investors, is stashed in technology stocks, which benefited from an uptick in corporate tech spending. (Funds that specialize in technology also soared in 2003, gaining 54.4%.)
Will tech`s momentum continue? With the economy in much better shape than it was a year ago, James W. Oberweis thinks so. He`s especially high on the chipmakers. "The semiconductor cycle is coming into play -- especially from companies related to MP3, DVDs, and cell-phone technologies," says Oberweis, who also oversees Oberweis Emerging Growth Fund (OBEGX ), up 67.6%. He likes Omni-Vision Technologies Inc. (OVTI ), a maker of chips for digital cameras.
While networking and hardware names performed well in 2003, software stocks lagged. That`s why they`ve caught the eye of bargain shoppers such as Peter I. Higgins, portfolio manager of the $220 million Dreyfus Small Company Value Fund (DSGAX ), also one of the year`s best performers, up 78.6%. Thanks to relatively cheap valuations and good earnings prospects, Higgins says software is one of the cheapest areas in tech. Ever the bargain shopper, Higgins is also eyeing energy stocks, which underperformed the broader market in 2003. He thinks they`re poised to rebound amid increased demand for natural gas.
Growth managers like Oberweis and value managers like Higgins traditionally don`t shine in the same years. What made 2003 unique is that it was a year when both styles prospered. Large-company value funds gained 24%, and large-company growth funds rose 24.5%. And while small-company value funds increased 39.9%, small-company growth funds delivered the best results among diversified stock funds, up 42.1%.
Reemerging markets
Few experts expect small-company stocks to rise at a similar pace in 2004. "The small-cap outperformance probably is in the seventh inning," says Jack Laporte, a veteran small-company stockpicker and manager of the $4.8 billion T. Rowe Price New Horizons Fund, up 46.3%. "Small caps may continue to outperform over the next 6 to 12 months, but not at the same magnitude as they did in the past year."
That`s why managers are turning their attention to mid-caps -- typically companies with market capitalizations of $2 billion to $10 billion. "The next best thing to small caps will be mid-caps in 2004," says James R. Margard, chief investment officer at Rainier Investment Management, which offers several mutual funds. One area he`s watching is advertising. Companies such as ValueClick Inc. (VCLK ), an e-marketing concern, should take off as advertising rebounds, buoyed by the 2004 Olympics and the Presidential election, Margard says.
That said, investors shouldn`t overlook large-company stocks. Blue-chip names should benefit from a falling dollar, which makes their sizable foreign profits more valuable. In addition, large companies have shed jobs while increasing productivity. Academic studies show that large caps tend to perform well in the second year of a recovery.
There`s even more money to be made overseas. Latin American funds gained 53.3%, while Asia Pacific funds (excluding Japan) rose 48.3% in 2003. Looking ahead, "the pronounced growth will be outside the U.S.," says Fred Taylor, chief investment officer at U.S. Trust (SCH ). Experts say some of the best bargains are in emerging markets. "Many stocks are undervalued there relative to the developed world," says Rudolph-Riad Younes, co-manager of the Julius Baer International Equity Fund, which gained 29.5%. More than 20% of the fund is invested in markets such as the Czech Republic, Poland, Hungary, and Turkey.
Perhaps the biggest global growth potential is in Asia -- namely China and India, where education levels are high and consumption is growing. "You`ve got higher growth everywhere in Asia than you do almost anywhere else in the world," says David Linehan, manager of the $76 million Excelsior Pacific Asia Fund (USPAX ), up 34.6%. As a result, he`s focusing on select retailers, auto makers, and other Asian companies poised to benefit as consumers open their wallets.
The three-year winning streak for bond funds seems to have petered out. Traditional categories such as intermediate and long-term government funds delivered tepid results. There were some bright spots, though, including high-yield (up 21.4%) and convertibles (up 23%), both of which are closely tied to the equity markets.
The good news is that the party for both sectors isn`t over yet, although returns might not be as robust. Convertible bonds should continue to climb as the economy rebounds and companies look for financing. "If you have a combination of higher stock prices and higher interest rates, convertibles are really the cheapest access of capital for corporations,"says Nick P. Calamos, co-manager of several Calamos funds. "They are cheaper than debt, cheaper than equities."
Corporate bonds are also one of the better bets because U.S. companies have healthy balance sheets, and credit risk is minimal, says Kevin Grant, who manages several bond funds at Fidelity Investments. Grant is not especially worried about rising rates because today`s bond prices already reflect a somewhat higher interest-rate environment.
Overall, investors shouldn`t expect bond funds to regain their momentum anytime soon, especially as interest rates rise. "There are fewer opportunities, and yields are generally lower," says Kenneth J. Taubes, director of fixed income at Pioneer Investment Management Inc. But don`t overlook the fixed-income market completely, especially for diversification. Even a small dose of carefully selected bond funds can go a long way in helping investors ride out any bumps in the equity markets.
By Lauren Young
OmniVision Technologies Announces Two-for-One Stock Split
Tuesday January 20, 6:30 am ET
SUNNYVALE, Calif.--(BUSINESS WIRE)--Jan. 20, 2004--The Board of Directors of OmniVision Technologies, Inc. (Nasdaq:OVTI - News) has approved a 2-for-1 split of the Company`s common stock to be effected in the form of a stock dividend payable to shareholders of record on January 30, 2004.
Shareholders of record on January 30, 2004 will receive one additional share of common stock for every share held on the record date. It is anticipated that the additional shares will be distributed on February 17, 2004.
About OmniVision
OmniVision Technologies designs, develops and markets high performance, highly integrated and cost efficient semiconductor image sensor devices. Our main product, an image sensing device called the CameraChip(TM), is used to capture an image in a wide variety of consumer and commercial mass-market applications including digital still cameras, cell phones and video game consoles. OmniVision believes that its highly integrated CameraChips enable device manufacturers to build camera products that are smaller, less complex and more reliable, cost less, and consume less power than cameras using either traditional CCDs or multiple-chip CMOS image sensors. OmniVision believes that it supplies one of the most highly integrated single-chip CMOS image sensor solutions available today. OmniVision`s CameraChips are currently used in a number of consumer and commercial applications such as digital still and video cameras, cell phones, personal digital assistants, personal computer cameras, toys and games, including interactive video games, and security surveillance cameras.
OmniVision and CameraChip(TM) are trademarks of OmniVision Technologies, Inc.
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
John T. Rossi, 408-542-3000
or
Silverman Heller Associates
Philip Bourdillon/Gene Heller, 310-208-2550
--------------------------------------------------------------------------------
Source: OmniVision Technologies, Inc.
Tuesday January 20, 6:30 am ET
SUNNYVALE, Calif.--(BUSINESS WIRE)--Jan. 20, 2004--The Board of Directors of OmniVision Technologies, Inc. (Nasdaq:OVTI - News) has approved a 2-for-1 split of the Company`s common stock to be effected in the form of a stock dividend payable to shareholders of record on January 30, 2004.
Shareholders of record on January 30, 2004 will receive one additional share of common stock for every share held on the record date. It is anticipated that the additional shares will be distributed on February 17, 2004.
About OmniVision
OmniVision Technologies designs, develops and markets high performance, highly integrated and cost efficient semiconductor image sensor devices. Our main product, an image sensing device called the CameraChip(TM), is used to capture an image in a wide variety of consumer and commercial mass-market applications including digital still cameras, cell phones and video game consoles. OmniVision believes that its highly integrated CameraChips enable device manufacturers to build camera products that are smaller, less complex and more reliable, cost less, and consume less power than cameras using either traditional CCDs or multiple-chip CMOS image sensors. OmniVision believes that it supplies one of the most highly integrated single-chip CMOS image sensor solutions available today. OmniVision`s CameraChips are currently used in a number of consumer and commercial applications such as digital still and video cameras, cell phones, personal digital assistants, personal computer cameras, toys and games, including interactive video games, and security surveillance cameras.
OmniVision and CameraChip(TM) are trademarks of OmniVision Technologies, Inc.
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
John T. Rossi, 408-542-3000
or
Silverman Heller Associates
Philip Bourdillon/Gene Heller, 310-208-2550
--------------------------------------------------------------------------------
Source: OmniVision Technologies, Inc.
OmniVision Reports Record Quarterly Revenue and Earnings -- Sales into Mobile Phones More Than Double Quarter to Quarter
Wednesday February 18, 4:05 pm ET
SUNNYVALE, Calif.--(BUSINESS WIRE)--Feb. 18, 2004--OmniVision Technologies, Inc. (Nasdaq:OVTI - News) reported that in the three months ended January 31, 2004, the third quarter of its fiscal year 2004, it earned net income of $17.3 million on revenue of $94.5 million. Earnings per diluted share were $0.28, adjusted for the effect of the two-for-one stock split that occurred on February 17, 2004. Earnings per diluted share, before the effect of the stock split, were equivalent to $0.57. In the comparable period a year ago, the company earned net income of $4.6 million on revenue of $30.5 million, and earnings per diluted share were $0.09, adjusted for the effect of the stock split.
ADVERTISEMENT
"In the January quarter, sales of CameraChips for mobile phones grew by more than 100% quarter to quarter, and the mobile phone sector emerged as our largest market," said Shaw Hong, president and chief executive officer. "We believe that the era of the cameraphone is just beginning, and we continue to view this market as a large and exciting opportunity."
For the three months ended January 31, 2004, gross profit was $36.3 million, or 38.4% of revenue. In the comparable period a year ago, gross profit was $11.5 million, or 37.8% of revenue. For the three months ended January 31, 2004, direct sales to original equipment manufacturers and value-added resellers accounted for approximately 80% of revenue, with the balance of approximately 20% coming through distributors. During the quarter, total cash and short-term investments increased by $12 million, to $198 million. As of January 31, 2004, working capital was $227 million, and stockholders` equity was $253 million.
For the quarter ending April 30, 2004, the Company currently expects to report earnings per diluted share of $0.30 to $0.31, adjusted for the effect of the stock split, on revenue of $96 million to $100 million.
Teleconference
At 1:30 p.m. PST (4:30 p.m. EST) today, February 18, 2004, the Company will hold a teleconference to discuss the financial results and future plans and prospects. To participate in the teleconference, please call (toll free) 877-523-2171 approximately 10 minutes prior to the start time. For international callers, the dial-in number is 706-634-1478. Additionally, a playback of the call will be available for 48 hours beginning at 4:30 p.m. PST on February 18. You may access the playback by calling 800-642-1687, or for international callers 706-645-9291, and providing Conference ID number 5086884.
You may also listen live via the Internet at the Company`s Website, www.ovt.com, or at www.FullDisclosure.com. These websites will also host an archive of the teleconference.
About OmniVision
OmniVision Technologies designs, develops and markets high performance, highly integrated and cost efficient semiconductor image sensors. OmniVision`s main product, an image sensing device called the CameraChip(TM), is used to capture images in mass-market consumer and commercial applications such as mobile phones, digital still cameras and video game systems. OmniVision is a fabless semiconductor company that works with manufacturing partners to produce CameraChips using a standard, low-cost, complementary-metal-oxide-semiconductor (CMOS) fabrication process. The company sells products directly to original-equipment manufacturers and manufacturing subcontractors, as well as indirectly through distributors. OmniVision believes that the CameraChip is one of the most highly integrated single-chip CMOS image sensor solutions available and that it enables manufacturers to build camera products that are smaller, less complex, more reliable, lower cost and more power efficient than cameras using either traditional CCDs or multiple-chip CMOS image sensors. OmniVision`s CameraChips are used in a wide variety of applications, including mobile phones, digital still cameras, video cameras, interactive video games, toys, security and surveillance systems, personal computer cameras, personal digital assistants and automotive imaging systems. OmniVision Technologies is headquartered at 1341 Orleans Drive, Sunnyvale, CA 94089. Additional information is available at www.ovt.com.
OmniVision and CameraChip are trademarks of OmniVision Technologies, Inc.
Safe-Harbor Statement
Certain statements in this press release, including statements relating to the Company`s expectations regarding revenue and earnings per share for the quarter ending April 30, 2004, are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management`s current expectations, and actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, without limitation, the following: the degree to which intense competition might affect the Company`s ability to compete successfully in current and emerging markets for image sensor products; risks associated with the Company`s ability to obtain design wins from camera, mobile phone and other image sensor device manufacturers, which could inhibit the Company`s ability to sustain and grow its business; risks associated with wafer manufacturing yields and other manufacturing processes, which could materially and adversely affect the Company`s revenue and earnings and its ability to satisfy customer demand; risks associated with the Company`s planned streamlining and consolidation of manufacturing processes, which could adversely affect the Company`s operating expenses and its ability to sustain and expand its business; risks associated with the development of current and emerging markets for CMOS image sensor products, generally, and the Company`s products, specifically, which could result in lower revenue and earnings and adversely affect the Company`s business and prospects; risks associated with the development of new products, which would adversely affect the Company`s ability to compete successfully in the CMOS image sensor market; the Company`s dependence upon a few key customers, the loss of one or more of which could materially and adversely affect the Company`s business and results of operations; a decline in the average selling price of the Company`s products, which could result in a decline in the Company`s revenue and gross margins; and the other risks detailed from time to time in the Company`s Securities and Exchange Commission filings and reports, including, but not limited to, the Company`s most recent annual report filed on Form 10-K and most recent quarterly report filed on Form 10-Q. The Company disclaims any obligation to update information contained in any forward-looking statement.
OMNIVISION TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
(unaudited)
January 31, April 30,
2004 2003
----------- ----------
ASSETS
Current assets:
Cash and cash equivalents $190,622 $50,438
Short-term investments 6,532 10,224
Restricted cash 1,071 --
Accounts receivable, net 34,721 19,133
Inventories 45,400 13,642
Refundable and deferred income taxes 6,438 7,642
Prepaid expenses and other assets 1,679 1,195
----------- ----------
Total current assets 286,463 102,274
Property, plant and equipment, net 19,290 12,456
Long-term investments 7,110 2,845
Other non-current assets 405 378
----------- ----------
Total assets $313,268 $117,953
=========== ==========
LIABILITIES AND STOCKHOLDERS` EQUITY
Current liabilities:
Accounts payable $37,906 $10,528
Accrued expenses and other liabilities 15,343 8,037
Deferred revenue 6,632 2,845
----------- ----------
Total current liabilities 59,881 21,410
----------- ----------
Stockholders` equity:
Common stock, $0.001 par value; 100,000
shares authorized; 27,482 and 23,403 shares
issued and outstanding 27 23
Additional paid-in capital 226,379 104,848
Deferred compensation related to stock
options (45) (159)
Retained earnings/accumulated (deficit) 27,026 (8,169)
----------- ----------
Total stockholders` equity 253,387 96,543
----------- ----------
Total liabilities and stockholders`
equity $313,268 $117,953
=========== ==========
OMNIVISION TECHNOLOGIES, INC.
CONDENSED INCOME STATEMENTS
(in thousands, except per share amounts)
(Unaudited)
Three Months Ended Nine Months Ended
----------------- ------------------
January January January January
31, 31, 31, 31,
2004 2003 2004 2003
-------- -------- --------- --------
Revenues $94,510 $30,522 $209,542 $69,055
Cost of revenues 58,210 18,980 129,814 42,317
-------- -------- --------- --------
Gross profit 36,300 11,542 79,728 26,738
-------- -------- --------- --------
Operating expenses:
Research and development 4,065 3,132 10,818 8,251
Selling, general and
administrative 5,665 2,869 15,860 7,659
Stock compensation charge 810 68 1,006 332
-------- -------- --------- --------
Total operating expenses 10,540 6,069 27,684 16,242
-------- -------- --------- --------
Income from operations 25,760 5,473 52,044 10,496
Interest income (expense), net 511 199 1,281 631
-------- -------- --------- --------
Income before income taxes 26,271 5,672 53,325 11,127
Provision for income taxes 8,932 1,074 18,130 1,892
-------- -------- --------- --------
Net income $17,339 $4,598 $35,195 $9,235
======== ======== ========= ========
Net income per share (Pre-split):
Basic $0.63 $0.20 $1.36 $0.41
======== ======== ========= ========
Diluted $0.57 $0.18 $1.20 $0.38
======== ======== ========= ========
Shares used in computing net
income per share:
Basic 27,326 22,807 25,938 22,498
======== ======== ========= ========
Diluted 30,425 25,563 29,417 24,535
======== ======== ========= ========
Net income per share (Post-split):
Basic $0.32 $0.10 $0.68 $0.21
======== ======== ========= ========
Diluted $0.28 $0.09 $0.60 $0.19
======== ======== ========= ========
Shares used in computing net
income per share:
Basic 54,652 45,615 51,877 44,997
======== ======== ========= ========
Diluted 60,850 51,125 58,835 49,070
======== ======== ========= ========
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
John T. Rossi, 408-542-3000
or
Silverman Heller Associates
Philip Bourdillon/Eugene Heller, 310-208-2550
--------------------------------------------------------------------------------
Source: OmniVision Technologies, Inc.
Wednesday February 18, 4:05 pm ET
SUNNYVALE, Calif.--(BUSINESS WIRE)--Feb. 18, 2004--OmniVision Technologies, Inc. (Nasdaq:OVTI - News) reported that in the three months ended January 31, 2004, the third quarter of its fiscal year 2004, it earned net income of $17.3 million on revenue of $94.5 million. Earnings per diluted share were $0.28, adjusted for the effect of the two-for-one stock split that occurred on February 17, 2004. Earnings per diluted share, before the effect of the stock split, were equivalent to $0.57. In the comparable period a year ago, the company earned net income of $4.6 million on revenue of $30.5 million, and earnings per diluted share were $0.09, adjusted for the effect of the stock split.
ADVERTISEMENT
"In the January quarter, sales of CameraChips for mobile phones grew by more than 100% quarter to quarter, and the mobile phone sector emerged as our largest market," said Shaw Hong, president and chief executive officer. "We believe that the era of the cameraphone is just beginning, and we continue to view this market as a large and exciting opportunity."
For the three months ended January 31, 2004, gross profit was $36.3 million, or 38.4% of revenue. In the comparable period a year ago, gross profit was $11.5 million, or 37.8% of revenue. For the three months ended January 31, 2004, direct sales to original equipment manufacturers and value-added resellers accounted for approximately 80% of revenue, with the balance of approximately 20% coming through distributors. During the quarter, total cash and short-term investments increased by $12 million, to $198 million. As of January 31, 2004, working capital was $227 million, and stockholders` equity was $253 million.
For the quarter ending April 30, 2004, the Company currently expects to report earnings per diluted share of $0.30 to $0.31, adjusted for the effect of the stock split, on revenue of $96 million to $100 million.
Teleconference
At 1:30 p.m. PST (4:30 p.m. EST) today, February 18, 2004, the Company will hold a teleconference to discuss the financial results and future plans and prospects. To participate in the teleconference, please call (toll free) 877-523-2171 approximately 10 minutes prior to the start time. For international callers, the dial-in number is 706-634-1478. Additionally, a playback of the call will be available for 48 hours beginning at 4:30 p.m. PST on February 18. You may access the playback by calling 800-642-1687, or for international callers 706-645-9291, and providing Conference ID number 5086884.
You may also listen live via the Internet at the Company`s Website, www.ovt.com, or at www.FullDisclosure.com. These websites will also host an archive of the teleconference.
About OmniVision
OmniVision Technologies designs, develops and markets high performance, highly integrated and cost efficient semiconductor image sensors. OmniVision`s main product, an image sensing device called the CameraChip(TM), is used to capture images in mass-market consumer and commercial applications such as mobile phones, digital still cameras and video game systems. OmniVision is a fabless semiconductor company that works with manufacturing partners to produce CameraChips using a standard, low-cost, complementary-metal-oxide-semiconductor (CMOS) fabrication process. The company sells products directly to original-equipment manufacturers and manufacturing subcontractors, as well as indirectly through distributors. OmniVision believes that the CameraChip is one of the most highly integrated single-chip CMOS image sensor solutions available and that it enables manufacturers to build camera products that are smaller, less complex, more reliable, lower cost and more power efficient than cameras using either traditional CCDs or multiple-chip CMOS image sensors. OmniVision`s CameraChips are used in a wide variety of applications, including mobile phones, digital still cameras, video cameras, interactive video games, toys, security and surveillance systems, personal computer cameras, personal digital assistants and automotive imaging systems. OmniVision Technologies is headquartered at 1341 Orleans Drive, Sunnyvale, CA 94089. Additional information is available at www.ovt.com.
OmniVision and CameraChip are trademarks of OmniVision Technologies, Inc.
Safe-Harbor Statement
Certain statements in this press release, including statements relating to the Company`s expectations regarding revenue and earnings per share for the quarter ending April 30, 2004, are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management`s current expectations, and actual results may differ materially from those projected as a result of certain risks and uncertainties. These risks and uncertainties include, without limitation, the following: the degree to which intense competition might affect the Company`s ability to compete successfully in current and emerging markets for image sensor products; risks associated with the Company`s ability to obtain design wins from camera, mobile phone and other image sensor device manufacturers, which could inhibit the Company`s ability to sustain and grow its business; risks associated with wafer manufacturing yields and other manufacturing processes, which could materially and adversely affect the Company`s revenue and earnings and its ability to satisfy customer demand; risks associated with the Company`s planned streamlining and consolidation of manufacturing processes, which could adversely affect the Company`s operating expenses and its ability to sustain and expand its business; risks associated with the development of current and emerging markets for CMOS image sensor products, generally, and the Company`s products, specifically, which could result in lower revenue and earnings and adversely affect the Company`s business and prospects; risks associated with the development of new products, which would adversely affect the Company`s ability to compete successfully in the CMOS image sensor market; the Company`s dependence upon a few key customers, the loss of one or more of which could materially and adversely affect the Company`s business and results of operations; a decline in the average selling price of the Company`s products, which could result in a decline in the Company`s revenue and gross margins; and the other risks detailed from time to time in the Company`s Securities and Exchange Commission filings and reports, including, but not limited to, the Company`s most recent annual report filed on Form 10-K and most recent quarterly report filed on Form 10-Q. The Company disclaims any obligation to update information contained in any forward-looking statement.
OMNIVISION TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
(unaudited)
January 31, April 30,
2004 2003
----------- ----------
ASSETS
Current assets:
Cash and cash equivalents $190,622 $50,438
Short-term investments 6,532 10,224
Restricted cash 1,071 --
Accounts receivable, net 34,721 19,133
Inventories 45,400 13,642
Refundable and deferred income taxes 6,438 7,642
Prepaid expenses and other assets 1,679 1,195
----------- ----------
Total current assets 286,463 102,274
Property, plant and equipment, net 19,290 12,456
Long-term investments 7,110 2,845
Other non-current assets 405 378
----------- ----------
Total assets $313,268 $117,953
=========== ==========
LIABILITIES AND STOCKHOLDERS` EQUITY
Current liabilities:
Accounts payable $37,906 $10,528
Accrued expenses and other liabilities 15,343 8,037
Deferred revenue 6,632 2,845
----------- ----------
Total current liabilities 59,881 21,410
----------- ----------
Stockholders` equity:
Common stock, $0.001 par value; 100,000
shares authorized; 27,482 and 23,403 shares
issued and outstanding 27 23
Additional paid-in capital 226,379 104,848
Deferred compensation related to stock
options (45) (159)
Retained earnings/accumulated (deficit) 27,026 (8,169)
----------- ----------
Total stockholders` equity 253,387 96,543
----------- ----------
Total liabilities and stockholders`
equity $313,268 $117,953
=========== ==========
OMNIVISION TECHNOLOGIES, INC.
CONDENSED INCOME STATEMENTS
(in thousands, except per share amounts)
(Unaudited)
Three Months Ended Nine Months Ended
----------------- ------------------
January January January January
31, 31, 31, 31,
2004 2003 2004 2003
-------- -------- --------- --------
Revenues $94,510 $30,522 $209,542 $69,055
Cost of revenues 58,210 18,980 129,814 42,317
-------- -------- --------- --------
Gross profit 36,300 11,542 79,728 26,738
-------- -------- --------- --------
Operating expenses:
Research and development 4,065 3,132 10,818 8,251
Selling, general and
administrative 5,665 2,869 15,860 7,659
Stock compensation charge 810 68 1,006 332
-------- -------- --------- --------
Total operating expenses 10,540 6,069 27,684 16,242
-------- -------- --------- --------
Income from operations 25,760 5,473 52,044 10,496
Interest income (expense), net 511 199 1,281 631
-------- -------- --------- --------
Income before income taxes 26,271 5,672 53,325 11,127
Provision for income taxes 8,932 1,074 18,130 1,892
-------- -------- --------- --------
Net income $17,339 $4,598 $35,195 $9,235
======== ======== ========= ========
Net income per share (Pre-split):
Basic $0.63 $0.20 $1.36 $0.41
======== ======== ========= ========
Diluted $0.57 $0.18 $1.20 $0.38
======== ======== ========= ========
Shares used in computing net
income per share:
Basic 27,326 22,807 25,938 22,498
======== ======== ========= ========
Diluted 30,425 25,563 29,417 24,535
======== ======== ========= ========
Net income per share (Post-split):
Basic $0.32 $0.10 $0.68 $0.21
======== ======== ========= ========
Diluted $0.28 $0.09 $0.60 $0.19
======== ======== ========= ========
Shares used in computing net
income per share:
Basic 54,652 45,615 51,877 44,997
======== ======== ========= ========
Diluted 60,850 51,125 58,835 49,070
======== ======== ========= ========
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
John T. Rossi, 408-542-3000
or
Silverman Heller Associates
Philip Bourdillon/Eugene Heller, 310-208-2550
--------------------------------------------------------------------------------
Source: OmniVision Technologies, Inc.
7:56AM OVTI: Wells Fargo raises tgt to $40 from $35 25.63: Wells Fargo Sec raises its OmniVision Technologies price tgt to $40 from $35 and increases FY04 est to $0.89 from $0.73 and FY05 to $1.39 from $0.95.
9:12AM OVTI upgraded at Needham; target $50 25.63: -- Update -- Needham upgrades OmniVision to Strong Buy from Buy, raises their FY05 (April) rev/EPS ests to $476 mln/$1.53 from $363 mln/$1.04, and raises their target to $50 from $35 following stronger than expected Q3 results; firm remains bullish on the longer-term potential for significant growth of CMOS image sensors across a variety of end-mkts, and they continue to believe the co possesses significant competitive advantages due to its highly integrated offerings, use of customized test equipment, and very experienced mgmt team.
Glückwunsch für die 20% ...
Vor ca. 6-7 Monaten, gab es ja mal die Diskussion Dialog/OVTI heir im Board,
allen jenen, die sich angesprochen fühlen und sich an Ihre Posts von damals erinnern, sei daher der folgende 6-Monats-Chart gewidmet:
Vor ca. 6-7 Monaten, gab es ja mal die Diskussion Dialog/OVTI heir im Board,
allen jenen, die sich angesprochen fühlen und sich an Ihre Posts von damals erinnern, sei daher der folgende 6-Monats-Chart gewidmet:
OmniVision is First to Volume with 1.3 Megapixel Camera Chip for Mobile Phones
Monday February 23, 6:30 am ET
SUNNYVALE, Calif.--(BUSINESS WIRE)--Feb. 23, 2004--OmniVision Technologies, Inc. (Nasdaq:OVTI - News), a leading independent supplier of CameraChip(TM) solutions for high-volume imaging applications, today announced that it has become the first in the industry to begin shipping production volumes of 1.3-megapixel small form factor CMOS image sensors for cameraphones. OmniVision is ramping production of the OV9640 CameraChip, an advanced CMOS image sensor that provides 1.3-megapixel resolution in a small-footprint, 1/4-inch design. It gives cameraphones the ability to capture digital photographs of keepsake quality and offers the best feature set in its class -- highest resolution, lowest power consumption, broad dynamic range, high reliability, small size and top price/performance.
ADVERTISEMENT
"The volume shipment of the OV9640 builds upon our proven record of being the first in the industry to deliver production volumes of the latest technology products," said Kimble Dong, OmniVision`s vice president of Operations and Systems. "The OV9640 is a plug-compatible 1/4-inch imaging system that provides cameraphone makers with a higher standard of performance for new designs, as well as an easy way to upgrade prior-generation CIF, VGA and 1.0-megapixel handsets. It has already achieved more than 30 design wins with 10 different manufacturers of cameraphones."
The OV9640 CameraChip is the ideal imaging solution for mainstream mobile phones. It incorporates a 1304- by 968-pixel array in a 1/4-inch chip that operates at 15 frames per second in full resolution and at up to 120 frames per second in QCIF resolution. The OV9640 is a complete system-on-a-chip with full image processing, including exposure control, gamma correction, gain control, white balance, sharpness control, color saturation control, hue control, and windowing -- all easily programmable through a standard serial interface. For images that are consistently clear and sharp, it features OmniVision`s proprietary embedded algorithms, which eliminate digital effects such as smearing, fixed-pattern noise and blooming, along with VarioPixel(TM) technology, which provides superior performance in low-light conditions and in videophone applications. The OV9640 requires only 50 milliwatts of power in active mode and 30 microwatts of power in standby mode and outputs image data in all standard formats -- YUV, RGB, and 10-bit raw data. It can seamlessly replace most current VGA solutions by integrating into an image module that is only 8 millimeters wide, 8 millimeters long and 6.8 millimeters high.
About OmniVision
OmniVision Technologies designs, develops and markets high performance, highly integrated and cost efficient semiconductor image sensors. OmniVision`s main product, an image sensing device called the CameraChip, is used to capture images in mass-market consumer and commercial applications such as mobile phones, digital still cameras, and video game systems. OmniVision is a fabless semiconductor company that works with manufacturing partners to produce CameraChips using a standard, low-cost, complementary-metal-oxide-semiconductor (CMOS) fabrication process. The company sells products directly to original-equipment manufacturers and manufacturing subcontractors, as well as indirectly through distributors. OmniVision believes that the CameraChip is one of the most highly integrated single-chip CMOS image sensor solutions available and that it enables manufacturers to build camera products that are smaller, less complex, more reliable, lower cost and more power efficient than cameras using either traditional CCDs or multiple-chip CMOS image sensors. OmniVision`s CameraChips are used in a wide variety of applications, including mobile phones, digital still cameras, video cameras, interactive video games, toys, security and surveillance systems, personal computer cameras, personal digital assistants and automotive imaging systems. OmniVision Technologies is headquartered at 1341 Orleans Drive, Sunnyvale, CA 94089. Additional information is available at www.ovt.com.
OmniVision, CameraChip and VarioPixel are trademarks of OmniVision Technologies, Inc.
Safe-Harbor Statement
Certain statements in this press release, including but not limited to statements regarding the performance and capabilities of the OV9640 CameraChip and its industry position, are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 and are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward-looking statements to differ materially from actual events, include, without limitation, the performance and quality of OmniVision`s new products relative to other CMOS image sensors, the growth and changing technical requirements in the markets for OmniVision`s products, potential errors and flaws in our new products, customers` continued acceptance of OmniVision`s products, and the other risks detailed from time to time in OmniVision`s Securities and Exchange Commission filings and reports, including, but not limited to, OmniVision`s annual report on Form 10-K and its quarterly reports on Form 10-Q. OmniVision disclaims any obligation to update information contained in any forward-looking statement, whether as a result of new information, future events or otherwise.
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
Jess Lee, 408-542-3000
or
Silverman Heller Associates
Philip Bourdillon/Gene Heller, 310-208-2550
bourdillon@sha-ir.com
--------------------------------------------------------------------------------
Source: OmniVision Technologies, Inc.
Monday February 23, 6:30 am ET
SUNNYVALE, Calif.--(BUSINESS WIRE)--Feb. 23, 2004--OmniVision Technologies, Inc. (Nasdaq:OVTI - News), a leading independent supplier of CameraChip(TM) solutions for high-volume imaging applications, today announced that it has become the first in the industry to begin shipping production volumes of 1.3-megapixel small form factor CMOS image sensors for cameraphones. OmniVision is ramping production of the OV9640 CameraChip, an advanced CMOS image sensor that provides 1.3-megapixel resolution in a small-footprint, 1/4-inch design. It gives cameraphones the ability to capture digital photographs of keepsake quality and offers the best feature set in its class -- highest resolution, lowest power consumption, broad dynamic range, high reliability, small size and top price/performance.
ADVERTISEMENT
"The volume shipment of the OV9640 builds upon our proven record of being the first in the industry to deliver production volumes of the latest technology products," said Kimble Dong, OmniVision`s vice president of Operations and Systems. "The OV9640 is a plug-compatible 1/4-inch imaging system that provides cameraphone makers with a higher standard of performance for new designs, as well as an easy way to upgrade prior-generation CIF, VGA and 1.0-megapixel handsets. It has already achieved more than 30 design wins with 10 different manufacturers of cameraphones."
The OV9640 CameraChip is the ideal imaging solution for mainstream mobile phones. It incorporates a 1304- by 968-pixel array in a 1/4-inch chip that operates at 15 frames per second in full resolution and at up to 120 frames per second in QCIF resolution. The OV9640 is a complete system-on-a-chip with full image processing, including exposure control, gamma correction, gain control, white balance, sharpness control, color saturation control, hue control, and windowing -- all easily programmable through a standard serial interface. For images that are consistently clear and sharp, it features OmniVision`s proprietary embedded algorithms, which eliminate digital effects such as smearing, fixed-pattern noise and blooming, along with VarioPixel(TM) technology, which provides superior performance in low-light conditions and in videophone applications. The OV9640 requires only 50 milliwatts of power in active mode and 30 microwatts of power in standby mode and outputs image data in all standard formats -- YUV, RGB, and 10-bit raw data. It can seamlessly replace most current VGA solutions by integrating into an image module that is only 8 millimeters wide, 8 millimeters long and 6.8 millimeters high.
About OmniVision
OmniVision Technologies designs, develops and markets high performance, highly integrated and cost efficient semiconductor image sensors. OmniVision`s main product, an image sensing device called the CameraChip, is used to capture images in mass-market consumer and commercial applications such as mobile phones, digital still cameras, and video game systems. OmniVision is a fabless semiconductor company that works with manufacturing partners to produce CameraChips using a standard, low-cost, complementary-metal-oxide-semiconductor (CMOS) fabrication process. The company sells products directly to original-equipment manufacturers and manufacturing subcontractors, as well as indirectly through distributors. OmniVision believes that the CameraChip is one of the most highly integrated single-chip CMOS image sensor solutions available and that it enables manufacturers to build camera products that are smaller, less complex, more reliable, lower cost and more power efficient than cameras using either traditional CCDs or multiple-chip CMOS image sensors. OmniVision`s CameraChips are used in a wide variety of applications, including mobile phones, digital still cameras, video cameras, interactive video games, toys, security and surveillance systems, personal computer cameras, personal digital assistants and automotive imaging systems. OmniVision Technologies is headquartered at 1341 Orleans Drive, Sunnyvale, CA 94089. Additional information is available at www.ovt.com.
OmniVision, CameraChip and VarioPixel are trademarks of OmniVision Technologies, Inc.
Safe-Harbor Statement
Certain statements in this press release, including but not limited to statements regarding the performance and capabilities of the OV9640 CameraChip and its industry position, are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 and are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward-looking statements to differ materially from actual events, include, without limitation, the performance and quality of OmniVision`s new products relative to other CMOS image sensors, the growth and changing technical requirements in the markets for OmniVision`s products, potential errors and flaws in our new products, customers` continued acceptance of OmniVision`s products, and the other risks detailed from time to time in OmniVision`s Securities and Exchange Commission filings and reports, including, but not limited to, OmniVision`s annual report on Form 10-K and its quarterly reports on Form 10-Q. OmniVision disclaims any obligation to update information contained in any forward-looking statement, whether as a result of new information, future events or otherwise.
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
Jess Lee, 408-542-3000
or
Silverman Heller Associates
Philip Bourdillon/Gene Heller, 310-208-2550
bourdillon@sha-ir.com
--------------------------------------------------------------------------------
Source: OmniVision Technologies, Inc.
OmniVision Launches Industry`s Smallest Camera Chip for Mobile Phones
Monday February 23, 6:30 am ET
SUNNYVALE, Calif.--(BUSINESS WIRE)--Feb. 23, 2004--OmniVision Technologies, Inc. (Nasdaq:OVTI - News), a leading independent supplier of CMOS CameraChip(TM) solutions for high-volume imaging applications, today announced that it has begun shipping samples of the industry`s smallest CMOS image sensor to leading manufacturers of cameraphones. The 1/7-inch OV6650 sets new industry benchmarks for size and price/performance by delivering full-color CIF resolution in an ultra-small form factor at low cost. It leverages the design expertise and production experience of OmniVision`s unrivalled record of almost a decade of continuous development of CIF sensors for consumer imaging applications.
ADVERTISEMENT
"The OV6650 is an incredibly cost-effective solution with stunning performance. It can deliver high-quality CMOS imaging to even the most compact cameraphones. This is a particularly important advantage in markets such as Japan, Korea and China, where trendsetting phone designs are putting stringent demands on embedded camera technologies," said John Lynch, vice president of sales and marketing for OmniVision. "Just as important, the low cost of the OV6650 makes it possible for manufacturers to include a camera as standard equipment in entry-level phones or include a second, dedicated videophone sensor in high-end models."
The OV6650 CameraChip is the industry`s best imaging solution for compact, low-cost, portable applications. It incorporates a 352-by-288-pixel array into a chip that operates at up to 30 frames per second, requires only 20 milliwatts of power in active mode and 30 microwatts of power in standby mode, and has a footprint measuring only 3.42 millimeters by 3.48 millimeters. The OV6650 is a complete system-on-a-chip with full image processing, including exposure control, gamma correction, gain control, white balance, sharpness control, color saturation control, hue control, and windowing -- all easily programmable through a standard serial interface. It outputs image data in all standard formats: YUV, RGB, and 8-bit raw data. For images that are consistently clear and sharp, the OV6650 features OmniVision`s proprietary embedded algorithms, which eliminate digital effects such as smearing, fixed-pattern noise and blooming.
About OmniVision
OmniVision Technologies designs, develops and markets high performance, highly integrated and cost efficient semiconductor image sensors. OmniVision`s main product, an image sensing device called the CameraChip, is used to capture images in mass-market consumer and commercial applications such as mobile phones, digital still cameras, and video game systems. OmniVision is a fabless semiconductor company that works with manufacturing partners to produce CameraChips using a standard, low-cost, complementary-metal-oxide-semiconductor (CMOS) fabrication process. The company sells products directly to original-equipment manufacturers and manufacturing subcontractors, as well as indirectly through distributors. OmniVision believes that the CameraChip is one of the most highly integrated single-chip CMOS image sensor solutions available and that it enables manufacturers to build camera products that are smaller, less complex, more reliable, lower cost and more power efficient than cameras using either traditional CCDs or multiple-chip CMOS image sensors. OmniVision`s CameraChips are used in a wide variety of applications, including mobile phones, digital still cameras, video cameras, interactive video games, toys, security and surveillance systems, personal computer cameras, personal digital assistants and automotive imaging systems. OmniVision Technologies is headquartered at 1341 Orleans Drive, Sunnyvale, CA 94089. Additional information is available at www.ovt.com.
OmniVision and CameraChip are trademarks of OmniVision Technologies, Inc.
Safe-Harbor Statement
Certain statements in this press release, including but not limited to statements regarding the performance and capabilities of the OV6650 CameraChip, the industry position of the OV6650 CameraChip, and the inclusion of cameras as standard equipment in any entry-level handsets as a result of the OV6650 CameraChip`s low cost, are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 and are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward-looking statements to differ materially from actual events, include, without limitation, the performance and quality of OmniVision`s new products relative to other CMOS image sensors, the growth and changing technical requirements in the markets for OmniVision`s products, potential errors and flaws in our new products, customers` continued acceptance of OmniVision`s products, and the other risks detailed from time to time in OmniVision`s Securities and Exchange Commission filings and reports, including, but not limited to, OmniVision`s annual report on Form 10-K and its quarterly reports on Form 10-Q. OmniVision disclaims any obligation to update information contained in any forward-looking statement, whether as a result of new information, future events or otherwise.
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
Jess Lee, 408-542-3000
or
Silverman Heller Associates
Philip Bourdillon/Gene Heller, 310-208-2550
bourdillon@sha-ir.com
--------------------------------------------------------------------------------
Source: OmniVision Technologies, Inc.
Monday February 23, 6:30 am ET
SUNNYVALE, Calif.--(BUSINESS WIRE)--Feb. 23, 2004--OmniVision Technologies, Inc. (Nasdaq:OVTI - News), a leading independent supplier of CMOS CameraChip(TM) solutions for high-volume imaging applications, today announced that it has begun shipping samples of the industry`s smallest CMOS image sensor to leading manufacturers of cameraphones. The 1/7-inch OV6650 sets new industry benchmarks for size and price/performance by delivering full-color CIF resolution in an ultra-small form factor at low cost. It leverages the design expertise and production experience of OmniVision`s unrivalled record of almost a decade of continuous development of CIF sensors for consumer imaging applications.
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"The OV6650 is an incredibly cost-effective solution with stunning performance. It can deliver high-quality CMOS imaging to even the most compact cameraphones. This is a particularly important advantage in markets such as Japan, Korea and China, where trendsetting phone designs are putting stringent demands on embedded camera technologies," said John Lynch, vice president of sales and marketing for OmniVision. "Just as important, the low cost of the OV6650 makes it possible for manufacturers to include a camera as standard equipment in entry-level phones or include a second, dedicated videophone sensor in high-end models."
The OV6650 CameraChip is the industry`s best imaging solution for compact, low-cost, portable applications. It incorporates a 352-by-288-pixel array into a chip that operates at up to 30 frames per second, requires only 20 milliwatts of power in active mode and 30 microwatts of power in standby mode, and has a footprint measuring only 3.42 millimeters by 3.48 millimeters. The OV6650 is a complete system-on-a-chip with full image processing, including exposure control, gamma correction, gain control, white balance, sharpness control, color saturation control, hue control, and windowing -- all easily programmable through a standard serial interface. It outputs image data in all standard formats: YUV, RGB, and 8-bit raw data. For images that are consistently clear and sharp, the OV6650 features OmniVision`s proprietary embedded algorithms, which eliminate digital effects such as smearing, fixed-pattern noise and blooming.
About OmniVision
OmniVision Technologies designs, develops and markets high performance, highly integrated and cost efficient semiconductor image sensors. OmniVision`s main product, an image sensing device called the CameraChip, is used to capture images in mass-market consumer and commercial applications such as mobile phones, digital still cameras, and video game systems. OmniVision is a fabless semiconductor company that works with manufacturing partners to produce CameraChips using a standard, low-cost, complementary-metal-oxide-semiconductor (CMOS) fabrication process. The company sells products directly to original-equipment manufacturers and manufacturing subcontractors, as well as indirectly through distributors. OmniVision believes that the CameraChip is one of the most highly integrated single-chip CMOS image sensor solutions available and that it enables manufacturers to build camera products that are smaller, less complex, more reliable, lower cost and more power efficient than cameras using either traditional CCDs or multiple-chip CMOS image sensors. OmniVision`s CameraChips are used in a wide variety of applications, including mobile phones, digital still cameras, video cameras, interactive video games, toys, security and surveillance systems, personal computer cameras, personal digital assistants and automotive imaging systems. OmniVision Technologies is headquartered at 1341 Orleans Drive, Sunnyvale, CA 94089. Additional information is available at www.ovt.com.
OmniVision and CameraChip are trademarks of OmniVision Technologies, Inc.
Safe-Harbor Statement
Certain statements in this press release, including but not limited to statements regarding the performance and capabilities of the OV6650 CameraChip, the industry position of the OV6650 CameraChip, and the inclusion of cameras as standard equipment in any entry-level handsets as a result of the OV6650 CameraChip`s low cost, are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 and are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward-looking statements to differ materially from actual events, include, without limitation, the performance and quality of OmniVision`s new products relative to other CMOS image sensors, the growth and changing technical requirements in the markets for OmniVision`s products, potential errors and flaws in our new products, customers` continued acceptance of OmniVision`s products, and the other risks detailed from time to time in OmniVision`s Securities and Exchange Commission filings and reports, including, but not limited to, OmniVision`s annual report on Form 10-K and its quarterly reports on Form 10-Q. OmniVision disclaims any obligation to update information contained in any forward-looking statement, whether as a result of new information, future events or otherwise.
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
Jess Lee, 408-542-3000
or
Silverman Heller Associates
Philip Bourdillon/Gene Heller, 310-208-2550
bourdillon@sha-ir.com
--------------------------------------------------------------------------------
Source: OmniVision Technologies, Inc.
OmniVision Launches Industry`s First 2-Megapixel Camera Chip for Mobile Phones
Monday February 23, 6:30 am ET
SUNNYVALE, Calif.--(BUSINESS WIRE)--Feb. 23, 2004--OmniVision Technologies, Inc. (Nasdaq:OVTI - News), a leading independent supplier of CMOS CameraChip(TM) solutions for high-volume imaging applications, today announced that it is shipping samples of the industry`s first 1/3-inch 2.0-megapixel CMOS image sensor to leading manufacturers of cameraphones. The OV2620 takes clear, brilliant, keepsake-quality photographs in sizes up to 8-by-10 inches. It sets a new standard for putting high image quality into a compact, power-efficient design and closes the performance gap between cameraphones and single-purpose digital cameras.
"Once again, OmniVision is the first in the industry to deliver a new generation of image sensor technology to customers," said James He, OmniVision`s senior vice president of Engineering. "As more and more consumers adopt cameraphones, they will come to expect the same image quality from their high-end handsets as they get from dedicated digital cameras. Today`s launch of the 2.0-megapixel OV2620 for the high end, 1.3-megapixel OV9640 for the midrange, and CIF-resolution OV6650 for the entry level gives OmniVision the best lineup of small-footprint image sensors in the industry and provides a clear roadmap for our customers in the mobile phone market."
The OV2620 CameraChip is the cutting-edge solution for new-generation cameraphones. It incorporates a 1600- by 1200-pixel array in a 1/3-inch chip that operates at 10 frames per second in full resolution and at up to 60 frames per second in CIF resolution. The OV2620 is a system-on-a-chip with image processing functions such as exposure control, gain control, white balance, and windowing, all easily programmable through a standard serial interface. For images that are consistently clear and sharp, it features OmniVision`s proprietary embedded algorithms, which eliminate digital effects such as smearing, fixed-pattern noise and blooming, along with VarioPixel(TM) technology, which provides superior performance in low-light conditions and in videophone applications. The OV2620 requires only 132 milliwatts of power in active mode and 33 microwatts of power in standby mode, making it ideal for portable applications. It outputs 10-bit raw image data and fits into an image module that is only 9 millimeters wide, 9 millimeters long and 8 millimeters high.
About OmniVision
OmniVision Technologies designs, develops and markets high performance, highly integrated and cost efficient semiconductor image sensors. OmniVision`s main product, an image sensing device called the CameraChip, is used to capture images in mass-market consumer and commercial applications such as mobile phones, digital still cameras and video game systems. OmniVision is a fabless semiconductor company that works with manufacturing partners to produce CameraChips using a standard, low-cost, complementary-metal-oxide-semiconductor (CMOS) fabrication process. The company sells products directly to original-equipment manufacturers and manufacturing subcontractors, as well as indirectly through distributors. OmniVision believes that the CameraChip is one of the most highly integrated single-chip CMOS image sensor solutions available and that it enables manufacturers to build camera products that are smaller, less complex, more reliable, lower cost and more power efficient than cameras using either traditional CCDs or multiple-chip CMOS image sensors. OmniVision`s CameraChips are used in a wide variety of applications, including mobile phones, digital still cameras, video cameras, interactive video games, toys, security and surveillance systems, personal computer cameras, personal digital assistants and automotive imaging systems. OmniVision Technologies is headquartered at 1341 Orleans Drive, Sunnyvale, CA 94089. Additional information is available at www.ovt.com.
OmniVision, CameraChip and VarioPixel are trademarks of OmniVision Technologies, Inc.
Safe-Harbor Statement
Certain statements in this press release, including but not limited to statements regarding OmniVision`s industry position with respect to small-footprint image sensors, the new standards set by the OV2620 CameraChip, the provision of a clear road map for customers in the mobile phone market, and the performance and capabilities of the OV2620 CameraChip, are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 and are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward-looking statements to differ materially from actual events, include, without limitation, the performance and quality of OmniVision`s new products relative to other CMOS image sensors, the growth and changing technical requirements in the markets for OmniVision`s products, potential errors and flaws in our new products, customers` continued acceptance of OmniVision`s products, and the other risks detailed from time to time in OmniVision`s Securities and Exchange Commission filings and reports, including, but not limited to, OmniVision`s annual report on Form 10-K and its quarterly reports on Form 10-Q. OmniVision disclaims any obligation to update information contained in any forward-looking statement, whether as a result of new information, future events or otherwise.
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
Jess Lee, 408-542-3000
or
Silverman Heller Associates
Philip Bourdillon/Gene Heller, 310-208-2550
bourdillon@sha-ir.com
--------------------------------------------------------------------------------
Source: OmniVision Technologies, Inc.
Monday February 23, 6:30 am ET
SUNNYVALE, Calif.--(BUSINESS WIRE)--Feb. 23, 2004--OmniVision Technologies, Inc. (Nasdaq:OVTI - News), a leading independent supplier of CMOS CameraChip(TM) solutions for high-volume imaging applications, today announced that it is shipping samples of the industry`s first 1/3-inch 2.0-megapixel CMOS image sensor to leading manufacturers of cameraphones. The OV2620 takes clear, brilliant, keepsake-quality photographs in sizes up to 8-by-10 inches. It sets a new standard for putting high image quality into a compact, power-efficient design and closes the performance gap between cameraphones and single-purpose digital cameras.
"Once again, OmniVision is the first in the industry to deliver a new generation of image sensor technology to customers," said James He, OmniVision`s senior vice president of Engineering. "As more and more consumers adopt cameraphones, they will come to expect the same image quality from their high-end handsets as they get from dedicated digital cameras. Today`s launch of the 2.0-megapixel OV2620 for the high end, 1.3-megapixel OV9640 for the midrange, and CIF-resolution OV6650 for the entry level gives OmniVision the best lineup of small-footprint image sensors in the industry and provides a clear roadmap for our customers in the mobile phone market."
The OV2620 CameraChip is the cutting-edge solution for new-generation cameraphones. It incorporates a 1600- by 1200-pixel array in a 1/3-inch chip that operates at 10 frames per second in full resolution and at up to 60 frames per second in CIF resolution. The OV2620 is a system-on-a-chip with image processing functions such as exposure control, gain control, white balance, and windowing, all easily programmable through a standard serial interface. For images that are consistently clear and sharp, it features OmniVision`s proprietary embedded algorithms, which eliminate digital effects such as smearing, fixed-pattern noise and blooming, along with VarioPixel(TM) technology, which provides superior performance in low-light conditions and in videophone applications. The OV2620 requires only 132 milliwatts of power in active mode and 33 microwatts of power in standby mode, making it ideal for portable applications. It outputs 10-bit raw image data and fits into an image module that is only 9 millimeters wide, 9 millimeters long and 8 millimeters high.
About OmniVision
OmniVision Technologies designs, develops and markets high performance, highly integrated and cost efficient semiconductor image sensors. OmniVision`s main product, an image sensing device called the CameraChip, is used to capture images in mass-market consumer and commercial applications such as mobile phones, digital still cameras and video game systems. OmniVision is a fabless semiconductor company that works with manufacturing partners to produce CameraChips using a standard, low-cost, complementary-metal-oxide-semiconductor (CMOS) fabrication process. The company sells products directly to original-equipment manufacturers and manufacturing subcontractors, as well as indirectly through distributors. OmniVision believes that the CameraChip is one of the most highly integrated single-chip CMOS image sensor solutions available and that it enables manufacturers to build camera products that are smaller, less complex, more reliable, lower cost and more power efficient than cameras using either traditional CCDs or multiple-chip CMOS image sensors. OmniVision`s CameraChips are used in a wide variety of applications, including mobile phones, digital still cameras, video cameras, interactive video games, toys, security and surveillance systems, personal computer cameras, personal digital assistants and automotive imaging systems. OmniVision Technologies is headquartered at 1341 Orleans Drive, Sunnyvale, CA 94089. Additional information is available at www.ovt.com.
OmniVision, CameraChip and VarioPixel are trademarks of OmniVision Technologies, Inc.
Safe-Harbor Statement
Certain statements in this press release, including but not limited to statements regarding OmniVision`s industry position with respect to small-footprint image sensors, the new standards set by the OV2620 CameraChip, the provision of a clear road map for customers in the mobile phone market, and the performance and capabilities of the OV2620 CameraChip, are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 and are subject to risks and uncertainties. These risks and uncertainties, which could cause the forward-looking statements to differ materially from actual events, include, without limitation, the performance and quality of OmniVision`s new products relative to other CMOS image sensors, the growth and changing technical requirements in the markets for OmniVision`s products, potential errors and flaws in our new products, customers` continued acceptance of OmniVision`s products, and the other risks detailed from time to time in OmniVision`s Securities and Exchange Commission filings and reports, including, but not limited to, OmniVision`s annual report on Form 10-K and its quarterly reports on Form 10-Q. OmniVision disclaims any obligation to update information contained in any forward-looking statement, whether as a result of new information, future events or otherwise.
--------------------------------------------------------------------------------
Contact:
OmniVision Technologies, Inc.
Jess Lee, 408-542-3000
or
Silverman Heller Associates
Philip Bourdillon/Gene Heller, 310-208-2550
bourdillon@sha-ir.com
--------------------------------------------------------------------------------
Source: OmniVision Technologies, Inc.
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