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Vimicro International Corporation
VIMC.OISIN: US92718N1090SEDOL: B0N7FN5 |
Rating: HOLD |
Target Price: 2.16 USD |
Investment Horizon: 6 to 12 months |
4Q 08, FY 2008 & 1Q 09 News Alert
Vimicro International Corporation's (Vimicro) 4Q 08 and FY 2008 net revenues were in line with our expectations but operating performance fell short. The downtrend in net revenues continued in 1Q 09 but losses were contained on a q-o-q basis. Looking ahead, Management has guided for a strong q-o-q increase in net revenue for 2Q 09. We maintain our current HOLD rating until we reassess the stock (1 ADR = 4 common shares)1 in our next full update report....
3Q 08 Update Report
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Going forward, Vimicro’s top-line is expected to be negatively impacted by the ongoing macroeconomic headwinds, with weak demand for semiconductor devices and a slowing Chinese economy (which contributes the major portion of the company’s revenues) severely affecting performance. Our bleak demand outlook for the company’s products also leads to an expectation that margins will weaken over the medium term....
3Q 08 News Alert
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Vimicro International Corporation’s (Vimicro) 3Q 08 results were mixed, with net revenue and gross performance exceeding our estimates but net performance falling short of expectations. Given the subdued economic and semiconductor outlook, although Management’s 4Q 08 net revenue guidance is in line with our expectations, we maintain our current HOLD rating for the stock although our target price supports a BUY at current…
3Q 08 News Alert
CLICK VIEW REPORT TO READ FREE REPORT
Vimicro International Corporation’s (Vimicro) 3Q 08 results were mixed, with net revenue and gross performance exceeding our estimates but net performance falling short of expectations. Given the subdued economic and semiconductor outlook, although Management’s 4Q 08 net revenue guidance is in line with our expectations, we maintain our current HOLD rating for the stock although our target…
3Q 08 News Alert
CLICK VIEW REPORT TO READ FREE REPORT
Vimicro International Corporation’s (Vimicro) 3Q 08 results were mixed, with net revenue and gross performance exceeding our estimates but net performance falling short of expectations. Given the subdued economic and semiconductor outlook, although Management’s 4Q 08 net revenue guidance is in line with our expectations, we maintain our current HOLD rating for the stock although our target price supports a BUY at current…
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