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Technology Stocks : Silicon Motion Inc. (SIMO) -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (41)	11/2/2011 8:37:15 PM
From: Elroy	Read Replies (1) \| Respond to of 2995

SIMO is now an LTE stock! Silicon Motion Shares Jumped: What You Need to Know By Anders Bylund \| More Articles November 2, 2011 \| Comments (3) Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis. What: Shares of multimedia- and storage-chip designer Silicon Motion Technology (Nasdaq: SIMO ) jumped as much as 17.2% overnight on several times their normal trading volume. So what: Last night's third-quarter report totally crushed the Street's earnings targets while reported and guided sales also came in above analyst expectations. I know this is hard to believe, but Silicon Motion is exploring new 52-week highs and has more than tripled over the last year. Now what: The outperformance rests partly on 15% sequential sales growth in the flash memory controller segment but mostly on large 4G LTE signal transceiver orders from early LTE bird Samsung. That division saw 58% higher sales from one quarter to the next. The stock has obliterated 4G alternatives of all sorts over the last year, from chip rivals Spreadtrum (Nasdaq: SPRD ) and Sequans Communications (Nasdaq: SQNS ) to -- dare I say it? -- wireless technology researcher VirnetX (AMEX: VHC ). If you're looking to invest in the onrushing 4G revolution, Silicon Motion seems like the most direct way of getting it done.