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Technology Stocks : Silicon Motion Inc. (SIMO)
SIMO 52.14+0.3%9:48 AM EDTNews

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From: Elroy7/31/2017 8:01:22 PM
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franklin1

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Yikes, Q3 guidance is a disaster. Revenues declining heading into the seasonally strongest quarter of the year. Bathe only green light is theur guiding Q4 revenues to go up to $145m r so, using the middle of Q3 and Q4 guidance. Shorts seem to like SIMO, I think it's going to tank on thus news, maybe see $30?

Hard to believe the expected Q3 revenue decline is due to tight NAND supply. But I need to see SSD and eMMC/UFS market share info to understand the cause. Have they lost design slots in SSDs? I don't know, to whom?
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