We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc.
WDC 36.81-1.0%1:51 PM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Elroy7/8/2021 10:48:38 AM
  Read Replies (2) of 4733
SIMO's revenues forecast to be about $220m in Q2 2021, up 20% sequentially

Q2 2020 sales were $138m, so year on year growth exceeds 50%

Amazingly, the share price is down on this good news! SIMO seems to be trading like a classic cyclical semi stock (sell the good news) despite that fact that it's a pure growth. and it should in fact show results counter the classic semi cycle results (when memory is in excess supply and memory prices are weak = the bottom of the semi cycle - SIMO should do great as their fundamentals are driven by number of devices which use memory, not the price of memory itself.

Anyways, when is WDC going to grow quarterly sales above 25% per year?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext