New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
There are no results for SIMO

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use