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MEMS Market Currents
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May 9 MEMSIC (MEMS -37.8%) gets crushed after delivering its Q1 report. Though EPS of $0.05 beat by $0.08, the company is guiding for Q2 revenue of $14M-$16M and EPS of -$0.04 to -$0.06, below a consensus of $23.1M and $0.03. MEMSIC blames a major drop in smartphone design wins with a large customer (probably Samsung, which made up 37% of 2011 sales). Fellow MEMS chipmaker InvenSense (INVN) cratered post-earnings last week.
Comment![Tech, Earnings, On the Move]
MEMS in Focus
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at MarketWatch.com (Mar 19, 2012)
MEMS Press Releases and Filings
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GlobeNewswire (May 8, 2012)
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Business Wire (May 8, 2012)
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GlobeNewswire (Apr 19, 2012)
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GlobeNewswire (Dec 20, 2011)
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