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Stock Market & Financial Investment News

News Breaks
February 4, 2013
18:04 EDTSIMOSilicon Motion sees FY13 revenue up 10%-20% over FY12
Company said "For FY13 we believe we are well positioned to grow our revenue 10% to 20% led by our New Growth Products. In the first quarter, we expect our eMMC controller sales to grow sequentially and LTE sales to decrease as Samsung's flagship smartphone and tablet models are in transition. Additionally, while our sales of card and USB flash drive controllers to module maker customers will be seasonally down as expected, our large OEM customer is rebalancing its card and wafer sales, and this will negatively affect our sales temporarily in the Q1. In the Q2 we expect our eMMC controller sales to continue growing, our LTE sales to pick-up, and our card and USB flash drive sales to rebound." For the FY13 management expects: revenue to be up 10%-20% compared with FY12; gross margin non-GAAP to be the 46%-48% and operating expenses, non-GAAP, approximately $73M-$78M.
News For SIMO From The Last 14 Days
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October 30, 2014
11:08 EDTSIMOSilicon Motion management to meet with Brean Capital
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October 29, 2014
18:04 EDTSIMOSilicon Motion sees Q4 revenue down 5%-10% sequentially
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18:03 EDTSIMOSilicon Motion reports Q3 EPS 57c, consensus 54c
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10:00 EDTSIMOSilicon Motion management to meet with Lake Street
Meetings to be held in Minneapolis on November 4 and in Chicago on November 5 hosted by Lake Street.

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