Silicon Motion Inc. (SIMO) Message Board

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Technology Stocks : Silicon Motion Inc. (SIMO)

SIMO 92.20

+1.3%

Dec 5 9:30 AM EST

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To: Elroy who wrote (2504)	4/25/2022 7:48:16 PM
From: Elroy	of 2980

Why Silicon Motion Stock Zoomed 13% Higher Today fool.com In an article published Sunday afternoon and citing "people familiar with the matter," Bloomberg said Silicon Motion is currently exploring a possible sale. It is holding talks with several potential acquirers and is working with advisors to assist with the decision. None of those would-be acquirers were identified, nor were Silicon Motion's advisors. The article's sources said that a final decision on the fate of the Taiwan-headquartered tech company had not been reached, and there was no guarantee it would enter into a sale. Silicon Motion has not yet commented on the article. At the moment, Silicon Motion's market cap is just over $3 billion. It's likely a sale of the company would fetch a premium as it's posted healthy revenue growth and typically posts a healthy bottom line. In 2021, for instance, its top line rose by 71% over the 2020 figure to almost $924 million, while its net profit more than doubled to over $200 million. ------------------------- The article says topline rose by 71% as if that were anywhere near "normal". That was in ONE YEAR folks!! And it grew 17% the year before, and is forecast 20% to 30% growth this year, and this year had backlog to deliver higher sales but SIMO is constrained by TSMC production limitations. In talks with several buyers? That sounds good!

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