QUOTE AND NEWS
StreetInsider.com  Nov 8  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Upgrades/Needham+%26+Company+Upgrades+Vimicro+International+Corp.+%28VIMC%29+to+Buy+Post+Q3/7856928.html for the full story.
StreetInsider.com  Nov 7  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Vimicro+International+Corp.+%28VIMC%29+Tops+Q3+EPS+by+7c%3B+Guides+Q4+Sales/7851234.html for the full story.
StreetInsider.com  Oct 16  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Management+Changes/Vimicro+%28VIMC%29+Says+David+Tang+to+Re-Assume+CFO+Role/7794841.html for the full story.
StreetInsider.com  Aug 8  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Vimicro+International+Corp.+%28VIMC%29+Tops+Q2+EPS+by+13c/7640827.html for the full story.
StreetInsider.com  Jun 13  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Vimicro+International+Corp.+%28VIMC%29+Reports+In-Line+Q1+EPS+of+10c/7513650.html for the full story.
StreetInsider.com  Jun 12  Comment 
The Trading Radar highlights key earnings and economic announcements for tomorrow's trading session: Before The Market Opens Economic: 7:00am EDTMBA Mortgage Index - no Street consensus 8:30am EDT Retail Sales - Street sees (0.2%) Retail...
Benzinga  Jun 7  Comment 
Vimicro International Corporation (NASDAQ: VIMC) today announced that, as part of its efforts to develop and ramp-up its surveillance business, the Company recently entered into a strategic cooperative framework agreement (the "Agreement") with...
Benzinga  May 23  Comment 
Vimicro International Corporation (NASDAQ: VIMC) today announced preliminary results for the first quarter ended March 31, 2012 and provided financial guidance for the second quarter ended June 30, 2012. For the first quarter ended March 31,...
Benzinga  May 4  Comment 
Vimicro International Corporation (NASDAQ: VIMC) today announced the completion of a block share-repurchase transaction. In the transaction, the Company repurchased 2.2 million ADSs from a shareholder for a total transaction value of $2.75...
Benzinga  Apr 27  Comment 
Vimicro International Corporation (NASDAQ: VIMC) today announced the signing of a strategic cooperative agreement with Tianjin Samsung Techwin Opto-Electronic Co., Ltd. outlining broad-based cooperation in the areas of technology, products, and...




 

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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