Sigma Designs (SIGM), a developer of video processing chips for set-top boxes, TVs, and Blu-Ray players, is down 12% after reporting FQ2 revenue of $46.7M (-23% Y/Y) and EPS of -$0.44, missing consensus by $5.7M and $0.42. Sigma has been dogged by concerns of product commoditization and competition from Broadcom (BRCM). (transcript)
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