Silicon Motion (SIMO +9.8%) pops after beating Q2 estimates on reduced operating expenses and...

|About: Silicon Motion Technology C... (SIMO)|By:, SA News Editor

Silicon Motion (SIMO +9.8%) pops after beating Q2 estimates on reduced operating expenses and posting the second-highest revenue quarter in the company's history. OEM business increased by 40% sequentially to about 50% of mobile storage sales.