Himax higher amid Lenovo rumors

|About: Lenovo Group Ltd. ADR (LNVGY)|By:, SA News Editor

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.