Collins Stewart Maintains a 'Buy' to Sigma Designs (SIGM)
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Collins Stewart maintains a 'Buy' to Sigma Designs (Nasdaq: SIGM). Price target $20.
Collins analyst says, "We are in Asia this week meeting with companies and contacts in the consumer electronics supply chain. Our checks indicate that SIGM is losing market share to BRCM in the low-end standard definition IPTV segment in the China domestic market. We believe BRCM's design wins are expected to begin ramping in the 2H'09. We anticipate the revenue impact of this share loss to represent <5% of revenues, as the China IPTV market is still relatively small, representing 2-3mm units/year. We don't believe there is any near-term risk to revenues and estimates for SIGM."
To see more analyst ratings on SIGM Click Here.
Sigma Designs, Inc. is a fabless provider of integrated system-on-chip (SoC), solutions that are used to deliver multimedia entertainment throughout the home.
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