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Technology Stocks : OmniVision Technologies (OVTI)

OVTI 29.38

0.0%

Jan 29 3:00 PM EDT

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From: Bill Wolf	6/7/2011 10:23:19 AM
	of 2273

OmniVision Jumps On Report It Wins iPhone 5 Image Sensor Slot Jun. 7 2011 - 9:51 am \| 0 views \| 0 recommendations \| 0 comments OmniVision shares are up sharply this morning after the Taiwan-based news site DigiTimes reported that the company has “grabbed a majority” of the total CMOS image sensor orders placed by Apple for the fifth generation iPhone. The report is attributed to “market sources.” The story says OmniVision will supply 90% of the image sensors for the new generation phone, with Sony to take the rest. The new phone will reportedly have an 8 MP camera. The DigiTimes report said total wafer starts in the third quarter at OmniVision foundry partner Taiwan Semiconductor will be up more than 40% sequentially. The report also said that Avago has landed power amplifier orders for the WCDMA version of the phone, according to the same unspecified sources. OVTI this morning is up $2.15, or 6.8%, to $33.91; AVGO is up 49 cents, or 1.5%, to $33.82.

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