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Sigma Designs (SIGM -11.1%) tanks following its FQ2 report. Though results beat estimates, the...

Sigma Designs (SIGM -11.1%) tanks following its FQ2 report. Though results beat estimates, the chipmaker guided on its earnings call for FQ3 revenue of $60M-$64M, well below a $73.5M consensus. Sigma, which is heavily exposed to a weak TV market, says it expects HDTV chip sales to be "relatively flat" Q/Q in Q3, typically its strongest quarter. BWS Financial is downgrading to Hold, arguing Sigma's IPTV processor line (15% of FQ2 sales) is no longer a growth catalyst.

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Comments (1)
  • bdin
    , contributor
    Comments (7) | Send Message
     
    I have followed Sigma for years and there are so many tech companies with positive outlooks that are growing there is no reason to stick with Sigma. The growth drivers are non existent and management has consistently only worked to help themselves.
    6 Sep 2012, 11:51 AM Reply Like
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