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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Camera chip designer OmniVision Technologies (Nasdaq: OVTI ) is soaring today, with shares up more than 10.5% in heavy trading on heavy volume.
So what: OmniVision blew estimates right out of the water in last night's second-quarter report. Leadership in the suddenly red-hot back side illumination sensor technology has made OmniVision chips a must-have feature in everything from laptops to smartphones, and the success is showing in the company's sales and profits.
Now what: This company took a huge risk in pushing forward with BSI technology when Sony (NYSE: SNE ) , Panasonic (NYSE: PC ) , and everyone else had walked away from an expensive manufacturing method. It's paying off in spades now, and OmniVision is left defending a large moat with unmatched manufacturing expertise and experience. New camera technologies are always on the horizon, but this looks like OmniVision's time to dance alone in the spotlight.
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