FourBrane

Sigma Designs Should Fall on Lost Blu-ray Customer

This is Baird's second full-bore attack on Sigma. The stock is already in take-over range, so they need to close their short position and move on. Even with this new attack, they haven't been able to do more than squeeze another three bits out of the stock. I'm a buyer at these levels as there's nowhere to go but up.
Most of these losses should really be thought of as second-sourcing arrangements which are to be expected as Blu-ray makers scramble to ramp volume. As to consensus, they have always been wrong on this stock. Never close, even once. (Sigma needs to hire someone who can handle a conference call and knows how to drop hints to help these incredibly stupid analysts look better. Hell hath no fury like an analyst with egg on his face.)
At this PE for a company with products in several growth markets, there just is no short case to be made.