Jun. 27, 2014, 6:44 PM
- Google (GOOG) is working with LG to bring a tablet supporting Project Tango to market in 2015. Google adds Tango, which use 3D vision to track motion, create visual maps, and enable augmented reality apps, will support the Unreal and Unity game engines, and Qualcomm's Vuforia AR platform.
- Nvidia's (NVDA) Tegra K1 processor (heavy on GPU power) will power the LG tablet. OmniVision (OVTI) should supply the sensors enabling 3D vision. Ahead of the LG launch, Google will provide developers with a $1,024 reference tablet to start building apps. (video)
- Google managed to show a working prototype (of sorts) at I/O for Project Ara, which seeks to enable modular phones whose parts can be mixed and matched on the fly.
- Two near-term challenges: Cutting the amount of space taken up by the parts that enable modularity, and building drivers that can support a wide array of 3rd-party modules. Google previously forecast Ara phones would arrive next January.
- Though it's no Oculus Rift, Google did hand out a cheap virtual reality headset prototype fittingly called Cardboard. The goal of Carboard, which has a companion app, is to get developers to start working on Android VR projects (and thus build a rival ecosystem to Oculus').
- While plenty of products were launched and updated at I/O, two frequently-hyped platforms, Glass and Google+, received scant attention. Google was reported in April to be narrowing Google+'s ambitions. Glass, which just got a small hardware update, is working through PR/image issues ahead of a full commercial launch.
- Google I/O product coverage: I, II, III
Jun. 25, 2014, 11:23 AM
May 30, 2014, 12:45 PM
May 30, 2014, 9:14 AM
May 29, 2014, 5:37 PM
May 29, 2014, 5:31 PM
- OmniVision (OVTI) expects FQ1 revenue of $360M-$400M, far above a $304.9M consensus. EPS guidance of $0.29-$0.49 is largely above a $0.29 consensus.
- The image sensor vendor says it has made "meaningful progress" in its efforts to diversify into new geographies (read: become less dependent on Apple), and to grow its automotive/security product sales.
- Gross margin rose 50 bps Q/Q and 260 bps Y/Y in FQ4 to 20.1% thanks to sales of "newer and lower cost products." GAAP opex rose 12% Y/Y to $52.4M.
- OmniVision, which currently has a market cap of $1.34B, ended FQ4 with $450.9M in cash and just $35.8M in debt. The company doesn't yet pay a dividend.
- FQ4 results, PR
May 29, 2014, 4:19 PM
May 28, 2014, 5:35 PM
May 23, 2014, 10:09 AM
- TechCrunch reports Google (GOOG - unchanged) is close to buying satellite imagery startup Skybox Imaging; a source estimates the price is around $1B.
- The Information reported of Google's interest in Skybox in April. Aside from providing high-res imagery that could bolster Google Maps/Earth, Skybox provides related analytics services aimed at enterprises/institutions.
- TechCrunch observes Skybox currently relies on just one satellite, and needs more funding as it gets set to launch a second one in June. The company recently placed an order for 13 small satellites.
- DigitalGlobe (DGI +0.3%), which sold off when The Information's report came out, is taking the TechCrunch report in stride. The company is a major imagery supplier for Maps/Earth.
- Separately, the WSJ reports Google's Project Tango, launched as an effort to create Android phones able to track motion and provide 3D visual maps of one's surroundings, now extends to tablets.
- A 7" prototype tablet sporting "two back cameras, infrared depth sensors and advanced software that can capture precise [3D] images of objects" is said to be on tap. There's a good chance OmniVision (OVTI +1.1%), already a Tango partner, is the image sensor supplier.
Feb. 28, 2014, 9:14 AM
Feb. 27, 2014, 5:38 PM
Feb. 27, 2014, 5:06 PM
- OmniVision (OVTI) expects FQ4 revenue of $275M-$305M and EPS of $0.19-$0.35, in-line with a consensus of $284.3M and $0.22. With a long line of mobile chipmakers having guided light (those with strong Apple exposure have been especially hard-hit), the forecast is going over well.
- In spite of a 17% Y/Y rev. drop, gross margin rose 270 bps Y/Y in FQ3 to 19.6%; that contributed to OmniVision's huge EPS beat. FQ4 EPS guidance points to continued margin strength.
- Opex rose 7% Y/Y to $51.3M, thanks to a 13% increase in R&D spend to $30.9M. OmniVision says its new PureCel image sensors (meant for high-end smartphones/tablets) are "gaining traction."
- FQ3 results, PR
Feb. 27, 2014, 4:28 PM
Feb. 27, 2014, 12:10 AM
- ACAD, AHT, AIRM, AL, ALIM, AMRN, APEI, ARNA, ATLS, AVD, BAGL, BCEI, BID, BIO, CEMP, CHUY, CLNE, CRM, DCO, DECK, ELGX, EPR, EVC, GPS, HALO, HTGC, KBR, KOG, LINE, MDVN, MELI, MENT, MNST, MTZ, NGD, NMBL, NOG, OLED, OVTI, PKT, PODD, REGI, ROST, SD, SFM, SLXP, SPLK, SPNC, SQNM, SWN, TESO, TUMI, UHS, WES, WG, WTR, XTEX, YOKU
Feb. 26, 2014, 5:35 PM
- AHT, AIRM, AL, ALIM, AMRN, APEI, ARNA, ATLS, AVD, BAGL, BCEI, BID, BIO, CEMP, CHUY, CLNE, CRM, DCO, DECK, ELGX, EPR, EVC, GPS, HALO, HTGC, KBR, KOG, LINE, MDVN, MELI, MENT, MNST, MTZ, NGD, NMBL, NOG, OLED, OVTI, PKT, PODD, REGI, ROST, SD, SFM, SLXP, SPLK, SPNC, SQNM, SWN, TESO, TUMI, UHS, WES, WG, WTR, XTEX, YOKU
Feb. 25, 2014, 7:06 PM
- Ahead of its Thursday FQ3 report, OmniVision (OVTI) states it's working with Google to develop the recently-announced Project Tango's 3D vision capabilities.
- Tango aims to enable Android phones that can track motion and create 3D maps of their surroundings. Potential applications including immersive gaming, indoor navigation, and 3D scanning.
- Two new OmniVision image sensors, the OV4682 and the OV7251, are part of Google's Tango development kit. The 4682 has a 4MP resolution, supports 90fps video capture, and can capture IR information (enables depth analysis), and the 7251 can capture VGA-resolution video at 100fps, while enabling low-light imaging and providing motion-tracking data.
OmniVision Technologies Inc designs, develops and markets high-performance, highly integrated and cost-efficient semiconductor image-sensor devices. Its products include image-sensing devices namely CameraChip image sensors.
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