Three months back, when OmniVision Technologies
Losing out on the pie
OmniVision once again beat estimates in its most recent quarter, but then again issued a depressing guidance, which fell below the Street's expectations. Apple
In its most recently reported quarter, OmniVision saw its inventories more than double from the year-ago period, possibly bearing testament to the fact that the company is indeed losing its dominance. Furthermore, manufacturing issues at Taiwan Semiconductor
The Foolish takeaway
A number of issues are plaguing OmniVision at the moment. The very fact that Apple is sending feelers to Sony must be giving OmniVision nightmares. However, the company still carries some weight in the market and has strong technology offerings compared to its rivals. It needs to steer itself out of trouble and address its issues fast if it wants to get back into the good graces of both its customers and investors.
Till then, watch OmniVision from the sidelines -- add it to your Watchlist by clicking here.
Fool contributor Harsh Chauhan owns none of the stocks mentioned in the article. The Motley Fool owns shares of Apple. Motley Fool newsletter services have recommended buying shares of and creating a bull call spread position in Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.