OmniVision (OVTI) is down 26.1% after the company provided guidance below Street forecasts in...

|By:, SA News Editor

OmniVision (OVTI) is down 26.1% after the company provided guidance below Street forecasts in its FQ1 report. During its CC, OmniVision blamed the guidance on weak PC demand, and delays in ramping an 8-megapixel image sensor chip for mobile phones; the latter is likely leading to fears OmniVision has lost market share with Apple (AAPL).