OmniVision is an OEM of CMOS image sensors and support circuitry used within handsets and applications in other mass markets. Second quarter results exceeded consensus estimates on both the top and bottom lines. Forward guidance is for a -5%
to 3% revenue growth in the third quarter. The softer guidance is based on typical seasonality. We believe the outlook continues to improve, and expect continued strength in the emerging products category in 2008. The share price has dropped off
significantly over the last few days, opening up an opportunity to accumulate shares. Consequently, we are upgrading OVTI shares to Buy.
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$12.8 (02/11/08)
