QUOTE AND NEWS
newratings.com  Jun 23  Comment 
BEIJING (dpa-AFX) - Vimicro International Corp. (VIMC) , a video surveillance technology and solution provider in China, announced Tuesday that its joint venture, Shanxi Zhongtianxin Science and Technology Co. Ltd., won a competitive bid for the...
Benzinga  Jun 22  Comment 
The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday June 22, 2015: Vimicro Receives Preliminary Non-Binding Proposal to Acquire Company for $13.50/ADS The Offer: Vimicro International Corporation (NASDAQ:...
newratings.com  Jun 22  Comment 
BEIJING (dpa-AFX) - Vimicro International Corp. (VIMC) , a video surveillance technology and solution provider in China, announced Monday that it has received a preliminary non-binding proposal to takeover the company for $13.50 in cash per...
Motley Fool  Jun 10  Comment 
Is it meaningful, or just random noise from Wall Street?
Benzinga  Apr 20  Comment 
Vimicro International Corp. (NASDAQ: VIMC) shares climbed 13.16 percent to $11.95. The volume of Vimicro International shares traded was 852 percent higher than normal. Vimicro's PEG ratio is 1.13. Hasbro Inc. (NASDAQ: HAS) surged 8.68 percent...
Benzinga  Apr 17  Comment 
58.com Inc (ADR) (NYSE: WUBA) shares climbed 2.31 percent to $69.13. The volume of 58.com shares traded was 1107 percent higher than normal. 58.com acquired a stake in Ganji.com and announced an additional investment by TENCENT HOLDINGS ADR (OTC:...
Forbes  Mar 23  Comment 
Video technology supplier Vimicro (Nasdaq: VIMC) delivered a strong 4Q 2014 performance in revenue and, more importantly, earnings distributable to shareholders on Wednesday, March 18. 2014 annual revenue increased by 55.7% to $100.14 million,...
TheStreet.com  Jan 30  Comment 
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.  TheStreet Ratings quantitative algorithm...




 

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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