SIMO - Silicon Motion Technology Corp.

[Aarroncikk]

Silicon Motion Technology Corporation, a fabless semiconductor company, together with its subsidiaries, designs, develops, markets, and supplies semiconductor solutions for the multimedia consumer electronics market. The company offers mobile storage line of products, which include microcontrollers used in NAND flash memory storage products, such as flash memory cards, USB flash drives, SSDs, embedded flash applications, and card readers. It also provides mobile communications line of products that comprise mobile TV tuners, CDMA radio frequency integrated circuits (RF ICs), and electronic toll collection RF ICs; and multimedia SoC products that support portable multimedia players, DAB systems, PC cameras, and embedded graphics applications. The company sells its semiconductor solutions to original equipment manufacturers and original design manufacturers. It sells products through its direct sales force and distributors in Canada, China, Europe, Japan, Korea, Singapore, Taiwan, and the United States. Silicon Motion Technology Corporation was founded in 2005 and is headquartered in Jhubei City, Taiwan.

Silicon Motion Technology Corp.
8th Floor 1 No 36 Taiyuan Street
Hsinchu County
Jhubei City, 302
Taiwan - Map
Phone: 886 3 552 6888
Fax: 886 3 552 6988
Web Site: http://www.siliconmotion.com

[ADreattylilt]

IMO tech bounces based on the action in AAPL, OVTI, SNDK and other techs over the past week... SIMO I believe will hit 10$ in 1 year, and has been basing at the mid 2's for a few months. What we have in the stock is the classic non-selloff on earnings, which usually portends a rally...

g
p.s. this is not a 1-2 day play, more like a 2-3 week play, so don't be surprised if nothing happens for a while.

[akehuhar]

man that 1 year chart and 3 month charts look purdy (from a cup and handle perspective)...

but it all depends on guidance tomorrow of course...

long 9.5K at 3.55