Pixelworks erases gains following bearish SA Pro article

|By:, SA News Editor

Pixelworks (PXLW +0.6%) dips into the red as the stock erases gains that saw it up as much as 6.5% earlier in the day.

A possible cause? A new SA Pro article (embargoed until 10:30AM ET tomorrow) by Ashraf Eassa sees potential downside of 20%-34% from current levels. Eassa bases the short thesis on management's "suspicious" revenue/profit outlook given the actual strength of the core business and a "secondary offering ... too well timed to be passed off as mere coincidence."

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