CIBC Research note on CES
The CIBC World Markets Equity Research group came across some interesting info and trends at CES this week in Las Vegas. Here are the publi co. tech names their U.S.-based Equity Research Analysts focussed on:
“LCD-TVs, SSDs, HDMI 1.3, & Multimedia Handsets Big Themes of CY07
Trident Microsystems: Image Processing Champ Extends its Lead With Integrated Decode
During CES, TRID demonstrated several high performance image processors boasting high definition and advanced features such as MEMC (motion estimation, motion compensation), doublescan, as well as decode capabilities highly differentiated based on end market requirements. For 1Q, despite normal seasonality, we expect TRID to nicely outperform the LCD TV industry as the company’s top-tier customers improve market share and TRID begins to ramp the recently won Philips account. We expect TRID’s integrated image processor/decode solution to be adopted by multiple top tier OEM’s during 2007.
Syntax-Brillian Corp.: DTV Contender Builds a Brand, and Supercharges Sales with Deft Strategic Moves.
On Monday, BRLC positively pre-announced the December 06 quarter moving its revenue estimate to the high end of its $240 million guidance. BRLC continues to build momentum, having assembled key strategy components: US big-box retailer presence, heightened brand recognition, lower cost production in China, penetration of China and South America, a coherent (Vivitar-centered) strategy for penetration of European markets, and a buttressed balance sheet.
BRLC demonstrated several models of its Olevia TV brand including several attractive LCD models and a stunning 65-inch Series 7 LCoS TV.
Simpletech Inc.: OEM Flash Leader Dominates With Innovation and Customized Solutions
Rapid Flash price declines are accelerating OEM’s rush to adopt Flash-based memory solutions. STEC’s high performance controllers sharply differentiate its offering from the pack. The company’s vertical integration controller design, and manufacturing enable it to deliver customized solutions, high specification (high IOPS/high endurance) performance, and customized support to demanding OEM customers. STEC is set to extend its leadership in high margin/high growth OEM Flash with the introduction of its advanced ASIC SSD controller later this year.
Silicon Image: HDMI Pioneer Advances Multimedia Connectivity with HDMI 1.3 and SteelVine
SIMG, the leading HDMI supplier, and the pioneer of HDMI 1.3, is set to benefit from the rapid rise in multimedia content and the increasing need to store and to securely transmit content. Already ubiquitous in digital televisions and settop boxes, HDMI is now making its way into mobile applications. The new HDMI 1.3 standard offers visually stunning color depth and consistency and we believe is likely to become a coveted feature on digital televisions. During CES, SIMG demonstrated the superior image quality achievable under the new HDMI 1.3 standard and also demonstrated SteelVine storage solutions targeted at simplifying multimedia storage and transmission.
Zoran: Digital Entertainment and Imaging Leader Unveils an Army of Advanced Products
Zoran unveiled an impressive lineup of IC’s including DTV IC’s with integrated demodulation and video processing, a 1080P full HD DVD upconverter with HDMI interface, and multimedia processors enabling mobile phones with GPS, TV broadcast streaming, and other advanced features. The company also unveiled technology enabling the retrieval and sharing of audio, video, and digital images, via broadband, over connected consumer devices.
In our view, CES 2007 supported our thesis that segments of the semi space (and superior companies within these segments) will show robust growth during 2007. We believe Flash memory, SSD’s, DTV, HDMI, multimedia handsets and products facilitating multimedia transmission and storage will command consumers’ mind share and wallet share for some time to come.”