simg...I was looking for something to take adv. of 3d

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ckruel

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simg...I was looking for something to take adv. of 3d

posted on May 18, 2010 12:06PM

Needham & Company Upgrades Silicon Image (SIMG) to Buy; Risk/Reward Profile Is Attractive

May 17, 2010 7:55 AM EDT
Needham & Company upgrades Silicon Image (Nasdaq: SIMG) from Hold to Buy. PT $5.50.

Needham analyst says, "We believe SIMG is poised to benefit from two, long term secular drivers: 1) 1.4 HDMI upgrade cycle in the DTV market driven by 3D TV adoption, higher panel refresh rates, and connected DTVs and 2) penetration of mobile HDMI (MHL) connectivity in the mobile handset market. Each of these two markets represent sizable unit opportunities (smartphones 300MM units and DTV 130MM units), in which SIMG has a competitive advantage and a leading technology offering."

Currently at 3.74

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