QUOTE AND NEWS
Forbes  Sep 17  Comment 
On May 1, 2011, a new video and audio codec standard, the SVAC standard, was officially promulgated in China’s video surveillance industry. The SVAC (Surveillance Video and Audio Coding) standard was jointly developed by a China-based and...
StreetInsider.com  Sep 16  Comment 
52-Week High: Vimicro Int'l (Nasdaq: VIMC) $9.38. Vimicro Int'l is contining higher with strong volume. With the addition of over 30 percent on Tuesday, the stock is up over 125 percent in September alone. Positive comments from Needham &...
StreetInsider.com  Sep 16  Comment 
Sino-Global Shipping America (Nasdaq: SINO) 75.3% HIGHER; reported Q4 EPS of $0.10, $0.34 better than ($0.24) last year. Revenue for the quarter came in at $3.76 million versus $680 thousand last year. VirnetX Holding (AMEX: VHC) 49.3% LOWER; won...
StreetInsider.com  Sep 16  Comment 
The following is a list of notable articles to help get you through the lunch hour: Vimicro Int'l (VIMC) Adds to Recent Momentum; Up 100% This Month -> Read this! Traders Still Like Apple (AAPL) Amid Today's Pressure -> Read this! Credit...
Benzinga  Sep 10  Comment 
Vimicro International Corporation (NASDAQ: VIMC) ("Vimicro" or the "Company"), a leading video surveillance technology and solution provider, today announced that it has reached a Letter of Intent to form a strategic alliance with Inspur Group...
Benzinga  Aug 19  Comment 
Vimicro International Corporation (NASDAQ: VIMC) ("Vimicro" or the "Company"), a leading video surveillance technology and solution provider in China, today announced that its joint venture, Shanxi Zhongtianxin Science and Technology Co. Ltd....
newratings.com  Aug 12  Comment 
BEIJING (dpa-AFX) - Vimicro International Corp. (VIMC), a leading video surveillance technology and solution provider, Tuesday raised its revenue guidance for the second quarter ended June 30, to a range of $23 million to $24 million from the...
StreetInsider.com  Aug 12  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Management+Changes/Vimicro+Int%27l+%28VIMC%29+Appoints+Grant+Thornton+as+Independent+Auditor/9743701.html for the full story.
Benzinga  Jul 2  Comment 
Vimicro International Corporation (NASDAQ: VIMC) ("Vimicro" or the "Company"), a leading video surveillance technology and solution provider, today announced that it has won a competitive bid for the provision of SVAC-compliant video surveillance...
StreetInsider.com  Jun 26  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Vimicro+Int%27l+%28VIMC%29+JV+Won+%2414.2M+of+Contracts+in+China/9615860.html for the full story.




 

Vimicro International Corporation (Vimicro), founded in Beijing, China in 1999, is a worldwide leading fabless semiconductor company that designs, develops and markets proprietary embedded multimedia signal processing chips and solutions that enable multimedia applications for mobile phones over 2.5G/3G networks and PCs over broadband Internet. Because of the downturn in the semiconductor industry in 2007 and the global financial crisis in 2008, VIMC's revenue fell from $126.6 million in 2006 to $86.5 million in 2008.[1] Although VIMC expects the worst to be over, according to analyst firm Gartner, demand for semiconducter goods will not reach 2007 levels until after 2014.[2]

Business Overview

VIMC is a multimedia semiconductor and solution provider with three primary business segments. In 2008 the company had revenues of $86.5 million, a fall of 6.7% from 2007[3] and a net loss of $13.6 million, an 80% greater loss than in 2007.[4] On continued weakness in demand for high-end technology goods, in Q1 2009, yoy revenue fell $2.1 million, to $22.2 million, and net income fell $9.7 million, to a net loss of $8.3 million.[5]

  • PC and embedded notebook camera multimedia processors (42% of 2008 revenues): VIMC designs single-chip, branded processors used to process and transmit the image signals from the camera sensor of a PC or notebook camera into digital format. These processors have been incorporated into PC and embedded notebook cameras sold by large PC and embedded notebook camera vendors like Logitech.[3] Revenues from this segment have suffered the most as a result of the global economic downturn.
  • Mobile phone multimedia processors (23% of 2008 revenues): VIMC designs processors used to process and transmit the image, video, and audio signals that a mobile phone receives, captures, or generates. These processors have been used by large international and China-based mobile phone brand owners, such as Samsung, LG, Lenovo Mobile, ZTE and Huawei, as well as large mobile phone design houses based in China, like China Techfaith.[3] Sales from this segment have also decreased as a result of falling demand for high-end technology goods.
  • Image sensors (20% of 2008 revenues): To meet Chinese demand for more comprehensive system solutions, VIMC purchases and bundles third-party image sensors with its PC multimedia image processor approximately 50% of the time.[6][3]
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References

  1. VIMC, 2009 20-F, Item 5, Page 38
  2. V3 - Semiconductor industry may have had its chips
  3. 3.0 3.1 3.2 3.3 3.4 VIMC, 2009 20-F, Item 5A, Page 40
  4. VIMC, 2009 20-F, Item 1, Page 5
  5. JLM Pacific Epoch - Vimicro Revs Slide Thru Q4, Bottom Out in Q1
  6. VIMC, 2009 20-F, Item 1D, Page 7
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