Vimicro International CorporationNASDAQ
Dec. 15, 2015, 9:20 AM
- 98.57% of Vimicro (NASDAQ:VIMC) shares that were used in voting for the company's $13.50/ADS going-private deal (announced in September) were cast in favor of the deal.
- Vimicro and the would-be acquirers, which include the company's founder/CEO and co-CEO, plan to complete the deal "as soon as practicable." Shares closed yesterday at $13.35.
Sep. 15, 2015, 12:28 PM
- Vimicro (VIMC +1.3%) has agreed to be acquired by a Chinese parent company for $13.50 per ADS.
- If/when the deal closes, the parent company will be partly owned by Vimicro's founder/CEO and co-CEO, The buyer group currently owns 41% of Vimicro's shares, and intends to fund the acquisition using a loan from a firm called Alpha Spring Limited.
- With Vimicro trading 12% below the buyout price, some doubts apparently exist about the deal going through.
Aug. 13, 2015, 6:11 AM
- Vimicro (NASDAQ:VIMC): Q2 EPS of $0.17 beats by $0.07.
- Revenue of $31.7M (+31.9% Y/Y) beats by $1.7M.
Jul. 7, 2015, 12:46 PM
Jun. 26, 2015, 2:48 PM
- Chip stocks are seeing outsized losses (SOXX -2.6%) amid a 0.8% drop for the Nasdaq following DRAM/NAND flash giant Micron's FQ3 miss and weak FQ4 guidance - the numbers were blamed on a mixture of soft PC demand, associated DRAM price pressure, and a manufacturing process transition. Some analysts have argued Micron's issues are at least partly company-specific and/or that PC and DRAM demand will improve in 2H15.
- The Philadelphia Semi Index is now down 7% from a June 1 peak of $101.80. It's still up 2% YTD, and (thanks partly to an industry M&A wave) roughly 2x from its fall 2012 lows.
- In addition to PC-exposed Intel and AMD, chip stocks sporting large declines include Qorvo (QRVO -4.9%), Sigma Designs (SIGM -5.7%), MoSys (MOSY -7.9%), Anadigics (ANAD -10.8%), Silicon Motion (SIMO -6.5%), Inphi (IPHI -5.3%), PMC-Sierra (PMCS -3.8%), ON Semi (ON -4.2%), AppliedMicro (AMCC -3.7%), and Vimicro (VIMC -5.3%).
- Chip ETFs: SMH, XSD, PSI, SOXL, USD, SOXS, SSG
Jun. 23, 2015, 5:52 AM
Jun. 11, 2015, 12:45 PM
Jun. 10, 2015, 12:53 PM
Jun. 10, 2015, 5:39 AM
- Vimicro (NASDAQ:VIMC): Q1 EPS of -$0.05 misses by $0.05.
- Revenue of $19.22M (+17.1% Y/Y) misses by $0.28M.
- Shares -1.97% PM.
Apr. 22, 2015, 3:18 PM
- Today's notable tech gainers include mobile game developer Glu Mobile (GLUU +8.2%), Chinese mobile app developer Cheetah Mobile (CMCM +8.1%), pico projector module developer MicroVision (MVIS +7.6%), Chinese analog/mixed-signal chipmaker Vimicro (VIMC +11.5%), IT services firm WidePoint (WYY +6.2%), mobile ad network owner Millennial Media (MM +5.6%), data discovery software vendor Datawatch (DWCH +15.7%), and RF backhaul hardware vendor Ceragon (CRNT +11.3%). The Nasdaq is up 0.4%.
- Notable decliners include Chinese solar module vendor/project developer Yingli (YGE -5.1%) and U.S. solar installer Solar Power, Inc. (OTCQB:SOPW -5.1%). Most solar peers are higher.
- Cheetah Mobile and Vimicro have joined several other Chinese tech firms in surging following an overnight rally in Shanghai. Glu's gains come ahead of the company's April 29 Q1 report. Datawatch's gains come after the company posted nearly in-line FQ2 results and stated has laid off almost 15% of its workforce; shares had tumbled in January thanks to an FQ1 warning.
- Previously covered: SolarCity, ASML, Cree, Broadcom, Angie's List, Yelp, Adtran, Novatel, SuperCom, Tremor Video, Dolby, Procera, Castlight, Zhone, CalAmp
Apr. 20, 2015, 12:47 PM
Apr. 17, 2015, 12:45 PM
Mar. 18, 2015, 5:33 AM
- Vimicro (NASDAQ:VIMC): Q4 EPS of $0.12 misses by $0.01.
- Revenue of $32.4M (+51.3% Y/Y) beats by $1.4M.
Mar. 17, 2015, 3:17 PM
- Today's notable tech gainers include 4G modem/M2M hardware provider Sierra Wireless (SWIR +4%), Chines online auto site Bitauto (BITA +5.3%), energy tech hardware provider PowerSecure (POWR +5.4%), Chinese analog/mixed-signal chipmaker Vimicro (VIMC +7.7%), and enterprise cloud healthcare software provider Castlight (CSLT +5.8%).
- Notable decliners include mobile banking tech developer Mitek (MITK -7.8%), Chinese online classifieds leader 58.com (WUBA -4%), Taiwanese chip packaging/testing services firm ChipMOS (IMOS -3.4%), and financial site TheStreet (TST -5.7%).
- Sierra had closed yesterday near its lowest levels since Feb. 9. Bitauto had fallen sharply over the last two weeks due to the spending/margin concerns triggered by its Q4 report. Beaten-down Castlight is adding to the Friday gains it saw after filing its 10-K. ChipMOS rallied strongly on Friday after posting a Q4 EPS beat.
- Previously covered: Universal Display, NeoPhotonics, Vivint, Rocket Fuel, Vasco, Micron, Veeva, Qunar/Ctrip, GoPro, Chinese solar stocks, Himax, ExOne, magicJack
Feb. 27, 2015, 9:15 AM
- Gainers: XIN +20%. CYCC +17%. SREV +16%. BLOX +16%. CYTX +13%. CLNE +12%. MNST +10%. ATOS +10%. SD +9%. SPLK +7%. MEET +6%. ARUN +6%. VIMC +6%. HZNP +6%.
- Losers: CVSL -42%. RESN -28%. MOSY -21%. WTW -18%. TUBE -17%. TBIO -14%. JCP -13%. DRL -13%. GENE -11%. OCN -8%. PBPB -8%. NBG -8%. NVAX -7%. FRO -5%.
Jan. 9, 2015, 4:19 PM
- Chinese mixed-signal chipmaker Vimicro (VIMC +14.1%) blasted off this week. Today's gains came on volume (1.4M shares) well above a 3-month daily average of 771K. Shares still only go for 1.3x a sole 2015 sales estimate of $150M (involves a forecast for 51.5% revenue growth).
- SA author TrinityResearch isn't a fan. Last month, Trinity reported only 18% of Vimicro's announced contracts (in terms of value) could be confirmed on government Web sites, and that contract value was "materially overstated" in three cases. It also highlighted heavy insider selling.