QUOTE AND NEWS
StreetInsider.com  Mar 3  Comment 
xG Technology, Inc. (Nasdaq: XGTI) 53.9% HIGHER; has announced that it has been awarded a key cognitive radio patent for enabling high-performance spectrum sharing. Cognitive radios that can enable spectrum sharing are widely seen as a solution...
TheStreet.com  Mar 3  Comment 
NEW YORK (TheStreet) -- Vimicro International  was soaring 39.83% to $4.14 at 11:46 a.m. EST on Monday after the Chinese fabless chip company updated its fourth-quarter guidance for the fiscal year 2013 and first-quarter guidance for the fiscal...
Benzinga  Mar 3  Comment 
Vimicro International (NASDAQ: VIMC) moved up 19.09% to $3.53 after the company updated its Q4 forecast and issued a Q1 outlook. The company now projects Q4 revenue of $21 to $22 million, versus its earlier forecast of $13.5 to $15.5...
StreetInsider.com  Jan 17  Comment 
Kingtone Wirelessinfo Solution Holding Ltd (Nasdaq: KONE) 213.9% HIGHER; reported FY13 revs rose 696.8 percent to $11.6 million. Basic and diluted loss per share were $3.65 as compared to loss per share of $6.40 in the prior year period with...
Benzinga  Jan 17  Comment 
Netlist (NASDAQ: NLST) shares touched a new 52-week high of $1.58. Netlist prevailed in patent reexamination appeal. Vimicro International (NASDAQ: VIMC) shares jumped 19.12% to reach a new 52-week high of $2.55. Vimicro's...
StreetInsider.com  Dec 11  Comment 
CytRx Corporation (Nasdaq: CYTR) 60.7% HIGHER; announced highly positive top-line efficacy results from a multicenter, randomized, open-label global Phase 2b clinical trial. The trial investigated the efficacy and safety of aldoxorubicin compared...
Benzinga  Dec 11  Comment 
Vimicro International (NASDAQ: VIMC) surged 22.22% to $2.20 in the pre-market session after the company received large order for a SVAC Solution Deployment in Baoding City, Hebei Province. Scripps Networks Interactive (NYSE: SNI) soared 8.97%...
StreetInsider.com  Dec 10  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Vimicro+International+%28VIMC%29+Ramps+on+Nearly+%2441M+SVAC+Order/8966355.html for the full story.
StreetInsider.com  Jul 30  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Vimicro+International+Corp.+%28VIMC%29+Tops+Q2+EPS+by+17c/8546655.html for the full story.
Benzinga  May 29  Comment 
Vimicro International (NASDAQ: VIMC) shares dipped 25.71% to $1.30 after the company reported unaudited Q1 financial results. Yadkin Valley Financial (NASDAQ: YDKN) shares lost 14.59% to $10.77. Yadkin Valley's 52-week trading range is...
Benzinga  May 29  Comment 




 

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]




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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