Needham maintains its Hold rating on OmniVision (OVTI -7%) after its outlook warning, even as it...

|About: OmniVision Technologies, Inc. (OVTI)|By:, SA News Editor

Needham maintains its Hold rating on OmniVision (OVTI -7%) after its outlook warning, even as it expects "further degradation in demand entering the January quarter." OVTI suffered "unexpected order cutbacks across several of its major handset customers and saw its notebook business decline due to lower demand and the impact from the Thailand flooding."