Himax higher amid Lenovo rumors

Northland Securities has reported Lenovo (LNVGY) might use Himax's (HIMX +3.3%) LCoS microdisplays in upcoming wearables products.

The report comes shortly after a Lenovo patent was detected that suggests the PC/smartphone giant is working on a Google Glass-like product.

Also: In an article embargoed until 3:53PM ET, SA Pro author Jaret Wilson argues Himax's current valuation is covered just by its LCD driver ops, and that its non-driver business (LCoS, image sensors, other ICs) should turn profitable in 2015. Wilson sees both LCoS and Himax's array camera efforts as major potential growth opportunities.

Shares fell yesterday after Chardan Capital argued Q2 estimates are at risk due to soft Chinese 3G subscriber adds.

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Comments (2)
  • wiesje
    , contributor
    Comments (2846) | Send Message
    Lenovo is moving in many directions, the stock is still attractively priced and could become a major growth stock for investors in the coming years.


    Lenovo is gaining market share everywhere and could become a serious contender to Apple, Google, MSFT and Samsung, they are no longer viewed as the residual seller of cheap copies, but are seen as a serious company working in different directions in the high tech biz.
    27 Jun 2014, 10:43 AM Reply Like
  • Shaduc
    , contributor
    Comments (3020) | Send Message
    "residual seller of cheap copies"


    Lenovo has never been a seller of cheap copies under its own Brand.


    As far as 2009 Thinkpads were competitively overpriced as Macs.
    27 Jun 2014, 07:55 PM Reply Like
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