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Technology Stocks : Silicon Motion Inc. (SIMO)
SIMO 59.20-0.5%12:30 PM EST
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To: Maurice H. Norcott who wrote (2566)7/12/2022 1:15:38 PM
From: Elroy   of 2746
 
SIMO said when they gave 2022 full year revenue guidance (up 20% to 30%) that they would increase the forecast if they receive more allocation from TSMC as the year progressed.

It seems likely that they've received more allocation from TSMC. Now we gotta wonder whether their backlog has held up despite the slowdowns in cell phones and PCs, or not.

I'm hoping SIMO can produce really strong Q2 and Q3 results, and perhaps that encourages another buyer to outbid MXL. It's a bummer than SIMO management is prohibited from doing the normal investor calls and providing forward guidance due to the MXL merger agreement. But the quarterly reports don't lie, we're going to get to see the Q2 and Q3 numbers before the deal closes. I would imagine there is some revenue number for Q2 and Q3 that encourages other interested parties to bid more than MXL. Maybe!

I think the fit with MRVL is so good it's hard to believe they wouldn't bid for SIMO. MRVL could make an all stock bid well above MXL's bid, and MRVL could use a cash cow (client flash controllers) to fund the research and development in it's more advanced tech segments. Hopefully they're watching.

I can also see MediaTek perhaps step up in an effort to keep things in Taiwan.
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