Pixelworks

Analysis SummaryPXLW is undervalued compared to its Price of $10.90 per share, has somewhat below average safety, and is currently rated a Sell. In-Depth AnalysisBusiness: PIXELWORKS INC, (PXLW) designs, develops and markets system-on-a-chip semiconductors and software that enable the visual display of broadband content through a wide variety of electronic devices. Price: PXLW closed on 8/27/2004 at $10.90 per share  Value: Value is a measure of a stock's current worth.  PXLW has a current Value of $17.05 per share. Therefore, it is undervalued compared to its Price of $10.90 per share.  Value is computed from forecasted earnings per share, forecasted earnings growth, profitability, interest, and inflation rates. Value increases when earnings, earnings growth rate and profitably increase, and when interest and inflation rates decrease. VectorVest advocates the purchase of undervalued stocks. At some point in time, a stock's Price and Value always will converge.   RV (Relative Value): RV is an indicator of long-term price appreciation potential. PXLW has an RV of 1.50, which is excellent on a scale of 0.00 to 2.00. This indicator is far superior to a simple comparison of Price and Value because it is computed from an analysis of projected price appreciation three years out, AAA Corporate Bond Rates, and risk. RV solves the riddle of whether it is preferable to buy High growth, High P/E stocks, or Low growth, Low P/E stocks. VectorVest favors the purchase of stocks with RV ratings above 1.00.  RS (Relative Safety): RS is an indicator of risk. PXLW has an RS rating of 0.85, which is fair on a scale of 0.00 to 2.00. RS is computed from an analysis of the consistency and predictability of a company's financial performance, debt to equity ratio, sales volume, business longevity, price volatility and other factors. A stock with an RS rating greater than 1.00 is safer and more predictable than the average stock in the VectorVest database. VectorVest favors the purchase of stocks of companies with consistent, predictable financial performance.  RT (Relative Timing): RT is a fast, smart, accurate indicator of a stock's price trend. PXLW has a Relative Timing rating of 0.63, which is poor on a scale of 0.00 to 2.00.  RT is computed from an analysis of the direction, magnitude, and dynamics of a stock's price movements over one day, one week, one quarter and one year time periods. Once a stock's price has established a strong trend, it is expected to continue in that trend for the short-term. If a trend dissipates, RT will gravitate toward 1.00. RT will explode from bottoms, dive from tops, and reflect changes in price momentum. VectorVest favors the purchase of stocks with RT ratings above 1.00.  VST (VST-Vector):  VST is the master indicator for ranking every stock in the VectorVest database. PXLW has a VST rating of 1.01, which is fair on a scale of 0.00 to 2.00. VST is computed from the square root of a weighted sum of the squares of RV, RS, and RT. Stocks with the highest VST ratings have the best combinations of Value, Safety and Timing. These are the stocks to own for above average, long-term capital appreciation. VectorVest advocates the purchase of safe, undervalued stocks rising in price.  CI (Comfort Index): CI is an indicator which reflects a stock's ability to resist severe and/or lengthy price declines. PXLW has a CI rating of 0.42, which is very poor on a scale of 0.00 to 2.00. CI is quite different from RS in that it is based solely upon a stock's long-term price history. VectorVest advocates the purchase of high CI stocks.  GRT (Earnings Growth Rate): GRT reflects a company's one to three year forecasted earnings growth rate in percent per year. PXLW has a forcasted Earnings Growth Rate of 32.00%, which VectorVest considers to be excellent. GRT is computed from historical, current and forecasted earnings data. It is updated each week for every stock in the VectorVest database. GRT often foretells a stock's future price trend. If a stock's GRT trend is upward, the stock's price will likely rise. If GRT is trending downward, the stock's Price will probably fall. VectorVest favors the purchase of stocks whose GRT is rising and is greater than the sum of current inflation and interest rates, (8.72%).  Recommendation (REC): VectorVest gives a Buy, Sell, Hold recommendation on every stock, every day. PXLW has a Sell recommendation. REC reflects the cumulative effect of all the VectorVest parameters working together. These parameters are designed to help investors buy safe, undervalued stocks rising in price. They also help investors avoid or sell risky, overvalued stocks falling in price. VectorVest recommends that investors buy high VST-Vector, Buy-rated stocks in rising markets.  Stop (Stop-Price): Stop is an indicator of when to sell a long position or cover a short position.  PXLW has a Stop of $11.25 per share. This is $0.35 above PXLW's current closing Price. A stock's Stop is computed from a 13 week moving average of its closing prices, and is fine-tuned according to the stock's fundamentals. High RV, high RS stocks have lower Stops, and low RV, low RS stocks have higher Stops. In the VectorVest system, a stock gets a 'B' or 'H' recommendation if its Price is above its Stop and an 'S' recommendation if its Price is below its Stop. EPS (Earnings per Share):  EPS stands for leading 12 months Earnings Per Share.  PXLW has a forecasted EPS of $0.55 per share. VectorVest determines this forecast from a combination of recent earnings performance and traditional fiscal and/or calendar year earnings forecasts.  P/E (Price to Earnings Ratio): P/E is a popular measure of stock valuation which shows the dollars required to buy one dollar of earnings.  PXLW has a P/E of 19.82. This ratio may be deemed to be high or low depending upon your frame of reference. The average P/E of all the stocks in the VectorVest database is 27.85. P/E is computed daily using the formula: P/E = Price/EPS.  EY (Earnings Yield): EY reflects earnings per share as a percent of Price. EY is related to P/E via the formula, EY = 100 / (P/E), and may be used in place of P/E as a measure of valuation. EY has the advantages that it is always determinate and can reflect negative earnings. PXLW has an EY of 5.05 percent. This is above the current average of 3.59% for all the stocks in the VectorVest database. EY equals 100 x (EPS/Price).  GPE (Growth to P/E Ratio): GPE is another popular measure of stock valuation. It compares earnings growth rate to P/E ratio. PXLW has a GPE rating of 1.62.  High growth stocks are believed to be able to justify high P/E ratios. A stock is commonly considered to be undervalued when GPE is greater than 1.00 and overvalued when GPE is below 1.00. Unfortunately, this rule of thumb does not take into account the effect of interest rates on P/E ratios. The operative GPE ratio of 1.00 is valid when and only when interest rates equal 10%. With long-term interest rates currently at 5.72%, the operative GPE ratio is 0.33. Therefore, PXLW may be considered to be undervalued.  DIV (Dividend): VectorVest reports annual, regular, cash dividends as indicated by the most recent payments. Special distributions, one-time payments, stock dividends, etc., are not generally included in DIV. PXLW does not pay a dividend.  DY (Dividend Yield): DY reflects earnings per share as a percent of Price. PXLW does not pay a dividend, so it does not have a Dividend Yield rating. . DY equals 100 x (DIV/Price). It is useful to compare DY with EY. If DY is not significantly lower than EY, the dividend payment may be in jeopardy.  DS (Dividend Safety): DS is an indicator of the assurance that regular cash dividends will be declared and paid at current or at higher rates for the foreseeable future. PXLW does not pay a dividend, so it does not have a Dividend Safety rating . Stocks with DS values above 75 typically have RS values well above 1.00 and EY levels that are much higher than DY.  DG (Dividend Growth Rate): Dividend Growth is a subtle yet important indicator of a company's financial performance. It also provides some insight into the board's outlook on the company's ability to increase earnings. PXLW does not pay a dividend, so it does not have a Dividend Growth rating .  YSG (YSG-Vector): YSG is an indicator which combines DIV, DY and DG into a single value, and allows direct comparison of all dividend-paying stocks in the database. PXLW does not pay a dividend, so it does not have a YSG rating . Stocks with the highest YSG values have the best combinations of Dividend Yield, Safety and Growth. These are the stocks to buy for above average current income and long-term growth.  Open: PXLW opened trading at a price of $10.59 per share on 8/27/2004. High: PXLW traded at a High price of $11.18 per share on 8/27/2004. Low: PXLW traded at a Low price of $10.50 per share on 8/27/2004 Close: PXLW closed trading at price $10.90 per share on 8/27/2004. (Close is also called Price in the VectorVest system) Range: Range reflects the difference between the High and Low prices for the day. PXLW traded with a range of $0.68 per share on 8/27/2004.  $Change: PXLW closed up 0.42 from the prior day's closing Price.  %PRC: PXLW's Price changed 4.01% from the prior day's closing price. Volume: PXLW traded 1,262,000 shares on 8/27/2004. AvgVol: AvgVol is the 50 day moving average of daily volume as computed by VectorVest. PXLW has an AvgVol of 1,418,000 shares traded per day. %Vol: %Vol reflects the percent change in today's trading volume as compared to the AvgVol. %Vol equals 100 x (Volume/AvgVol). PXLW had a %Vol of -11.00% on 8/27/2004 Sales: PXLW has annual sales of $170,000,000 Sales Growth: Sales Growth is the Sales Growth Rate in percent over the last 12 months. PXLW has a Sales Growth of 49.00% per year. This is excellent. Sales Growth is updated each week for every stock. It is often useful to compare Sales Growth to Earnings Growth to gain an insight into a company's operations.  Sales Per Share (SPS): PXLW has annual sales of $3.70 per share. SPS can be used as a measure of valuation when comparing stocks within an Industry Group.  Price to Sales Ratio (P/S): PXLW has a P/S of 2.94. This ratio is also used as a measure of valuation. Here, too, it is useful when comparing stocks within an Industry Group. Shares: PXLW has 45,000,000 shares of stock outstanding. Market Capitalization: PXLW has a Market Capitalization of $500,000,000. Market Capitalization is calculated by multiplying price times shares outstanding. Industry Group: PXLW has been assigned to the Electronic (Semicndtr Mfg) Industry Group. VectorVest classifies stocks into over 200 Industry Groups and 40 Business Sectors. Business Sector: PXLW has been assigned to the Electronic Business Sector. VectorVest classifies stocks into over 200 Industry Groups and 40 Business Sectors. The basic strategy of VectorVest is to buy Low risk, High reward stocks. We suggest that Prudent investors buy enough High Relative Value, High Relative Safety stocks to keep the overall RV and RS ratings of their portfolios above 1.00. As you do this, you'll find that your risk will go down and your investment performance will improve. Graph Pixelworks Inc  Electronic (Semicndtr Mfg)  

RS (Relative Safety): RS is an indicator of risk. PXLW has an RS rating of 0.85, which is fair on a scale of 0.00 to 2.00. RS is computed from an analysis of the consistency and predictability of a company's financial performance, debt to equity ratio, sales volume, business longevity, price volatility and other factors. A stock with an RS rating greater than 1.00 is safer and more predictable than the average stock in the VectorVest database. VectorVest favors the purchase of stocks of companies with consistent, predictable financial performance.
 
RT (Relative Timing): RT is a fast, smart, accurate indicator of a stock's price trend. PXLW has a Relative Timing rating of 0.63, which is poor on a scale of 0.00 to 2.00.  RT is computed from an analysis of the direction, magnitude, and dynamics of a stock's price movements over one day, one week, one quarter and one year time periods. Once a stock's price has established a strong trend, it is expected to continue in that trend for the short-term. If a trend dissipates, RT will gravitate toward 1.00. RT will explode from bottoms, dive from tops, and reflect changes in price momentum. VectorVest favors the purchase of stocks with RT ratings above 1.00.  
 
VST (VST-Vector):  VST is the master indicator for ranking every stock in the VectorVest database. PXLW has a VST rating of 1.01, which is fair on a scale of 0.00 to 2.00. VST is computed from the square root of a weighted sum of the squares of RV, RS, and RT. Stocks with the highest VST ratings have the best combinations of Value, Safety and Timing. These are the stocks to own for above average, long-term capital appreciation. VectorVest advocates the purchase of safe, undervalued stocks rising in price.  
 
CI (Comfort Index): CI is an indicator which reflects a stock's ability to resist severe and/or lengthy price declines. PXLW has a CI rating of 0.42, which is very poor on a scale of 0.00 to 2.00. CI is quite different from RS in that it is based solely upon a stock's long-term price history. VectorVest advocates the purchase of high CI stocks.  
 
GRT (Earnings Growth Rate): GRT reflects a company's one to three year forecasted earnings growth rate in percent per year. PXLW has a forcasted Earnings Growth Rate of 32.00%, which VectorVest considers to be excellent. GRT is computed from historical, current and forecasted earnings data. It is updated each week for every stock in the VectorVest database. GRT often foretells a stock's future price trend. If a stock's GRT trend is upward, the stock's price will likely rise. If GRT is trending downward, the stock's Price will probably fall. VectorVest favors the purchase of stocks whose GRT is rising and is greater than the sum of current inflation and interest rates, (8.72%).  
 
Recommendation (REC): VectorVest gives a Buy, Sell, Hold recommendation on every stock, every day. PXLW has a Sell recommendation. REC reflects the cumulative effect of all the VectorVest parameters working together. These parameters are designed to help investors buy safe, undervalued stocks rising in price. They also help investors avoid or sell risky, overvalued stocks falling in price. VectorVest recommends that investors buy high VST-Vector, Buy-rated stocks in rising markets.  
 
Stop (Stop-Price): Stop is an indicator of when to sell a long position or cover a short position.  PXLW has a Stop of $11.25 per share. This is $0.35 above PXLW's current closing Price. A stock's Stop is computed from a 13 week moving average of its closing prices, and is fine-tuned according to the stock's fundamentals. High RV, high RS stocks have lower Stops, and low RV, low RS stocks have higher Stops. In the VectorVest system, a stock gets a 'B' or 'H' recommendation if its Price is above its Stop and an 'S' recommendation if its Price is below its Stop.
 
EPS (Earnings per Share):  EPS stands for leading 12 months Earnings Per Share.  PXLW has a forecasted EPS of $0.55 per share. VectorVest determines this forecast from a combination of recent earnings performance and traditional fiscal and/or calendar year earnings forecasts.  
 
P/E (Price to Earnings Ratio): P/E is a popular measure of stock valuation which shows the dollars required to buy one dollar of earnings.  PXLW has a P/E of 19.82. This ratio may be deemed to be high or low depending upon your frame of reference. The average P/E of all the stocks in the VectorVest database is 27.85. P/E is computed daily using the formula: P/E = Price/EPS.  
 
EY (Earnings Yield): EY reflects earnings per share as a percent of Price. EY is related to P/E via the formula, EY = 100 / (P/E), and may be used in place of P/E as a measure of valuation. EY has the advantages that it is always determinate and can reflect negative earnings. PXLW has an EY of 5.05 percent. This is above the current average of 3.59% for all the stocks in the VectorVest database. EY equals 100 x (EPS/Price).  
 
GPE (Growth to P/E Ratio): GPE is another popular measure of stock valuation. It compares earnings growth rate to P/E ratio. PXLW has a GPE rating of 1.62.  High growth stocks are believed to be able to justify high P/E ratios. A stock is commonly considered to be undervalued when GPE is greater than 1.00 and overvalued when GPE is below 1.00. Unfortunately, this rule of thumb does not take into account the effect of interest rates on P/E ratios. The operative GPE ratio of 1.00 is valid when and only when interest rates equal 10%. With long-term interest rates currently at 5.72%, the operative GPE ratio is 0.33. Therefore, PXLW may be considered to be undervalued.  
 
DIV (Dividend): VectorVest reports annual, regular, cash dividends as indicated by the most recent payments. Special distributions, one-time payments, stock dividends, etc., are not generally included in DIV. PXLW does not pay a dividend.  
 
DY (Dividend Yield): DY reflects earnings per share as a percent of Price. PXLW does not pay a dividend, so it does not have a Dividend Yield rating. . DY equals 100 x (DIV/Price). It is useful to compare DY with EY. If DY is not significantly lower than EY, the dividend payment may be in jeopardy.  
 
DS (Dividend Safety): DS is an indicator of the assurance that regular cash dividends will be declared and paid at current or at higher rates for the foreseeable future. PXLW does not pay a dividend, so it does not have a Dividend Safety rating . Stocks with DS values above 75 typically have RS values well above 1.00 and EY levels that are much higher than DY.

 
DG (Dividend Growth Rate): Dividend Growth is a subtle yet important indicator of a company's financial performance. It also provides some insight into the board's outlook on the company's ability to increase earnings. PXLW does not pay a dividend, so it does not have a Dividend Growth rating .  
 
YSG (YSG-Vector): YSG is an indicator which combines DIV, DY and DG into a single value, and allows direct comparison of all dividend-paying stocks in the database. PXLW does not pay a dividend, so it does not have a YSG rating . Stocks with the highest YSG values have the best combinations of Dividend Yield, Safety and Growth. These are the stocks to buy for above average current income and long-term growth.  
 
Open: PXLW opened trading at a price of $10.59 per share on 8/27/2004.
 
High: PXLW traded at a High price of $11.18 per share on 8/27/2004.
 
Low: PXLW traded at a Low price of $10.50 per share on 8/27/2004
 
Close: PXLW closed trading at price $10.90 per share on 8/27/2004. (Close is also called Price in the VectorVest system)
 
Range: Range reflects the difference between the High and Low prices for the day. PXLW traded with a range of $0.68 per share on 8/27/2004.  
 
$Change: PXLW closed up 0.42 from the prior day's closing Price.  
 
%PRC: PXLW's Price changed 4.01% from the prior day's closing price.
 
Volume: PXLW traded 1,262,000 shares on 8/27/2004.
 
AvgVol: AvgVol is the 50 day moving average of daily volume as computed by VectorVest. PXLW has an AvgVol of 1,418,000 shares traded per day.
 
%Vol: %Vol reflects the percent change in today's trading volume as compared to the AvgVol. %Vol equals 100 x (Volume/AvgVol). PXLW had a %Vol of -11.00% on 8/27/2004
 
Sales: PXLW has annual sales of $170,000,000
 
Sales Growth: Sales Growth is the Sales Growth Rate in percent over the last 12 months. PXLW has a Sales Growth of 49.00% per year. This is excellent. Sales Growth is updated each week for every stock. It is often useful to compare Sales Growth to Earnings Growth to gain an insight into a company's operations.  
 
Sales Per Share (SPS): PXLW has annual sales of $3.70 per share. SPS can be used as a measure of valuation when comparing stocks within an Industry Group.  
 
Price to Sales Ratio (P/S): PXLW has a P/S of 2.94. This ratio is also used as a measure of valuation. Here, too, it is useful when comparing stocks within an Industry Group.
 
Shares: PXLW has 45,000,000 shares of stock outstanding.
 
Market Capitalization: PXLW has a Market Capitalization of $500,000,000. Market Capitalization is calculated by multiplying price times shares outstanding.
 
Industry Group: PXLW has been assigned to the Electronic (Semicndtr Mfg) Industry Group. VectorVest classifies stocks into over 200 Industry Groups and 40 Business Sectors.
 
Business Sector: PXLW has been assigned to the Electronic Business Sector. VectorVest classifies stocks into over 200 Industry Groups and 40 Business Sectors.
 
The basic strategy of VectorVest is to buy Low risk, High reward stocks. We suggest that Prudent investors buy enough High Relative Value, High Relative Safety stocks to keep the overall RV and RS ratings of their portfolios above 1.00. As you do this, you'll find that your risk will go down and your investment performance will improve.
 
Graph
 
Pixelworks Inc
 
 
Electronic (Semicndtr Mfg)
 

   Revenue for the third quarter is expected to be approximately $43.5 to $44.0 million, a 22 to 24 percent year-over-year increase. This compares to the previous outlook of $47 million to $50 million. Earnings per share for the third quarter on a GAAP basis are expected to be 10 to 11 cents per share, still within the company's previously outlooked range of 8 to 11 cents. On a pro forma basis(a), earnings per share are expected to be 11 to 12 cents, also within the company's previous estimate of 9 to 12 cents.
   The lower revenue estimate for the third quarter reflects lower than expected turns business, which are orders received within the quarter for shipment within the quarter. In particular, preliminary estimates for shipments to LCD monitor manufacturers in the third quarter reflected a significantly greater than expected sequential decline with virtually no turns business in the quarter. Advanced television business in the third quarter was also slower than expected, with revenue estimates reflecting a modest decline from the second quarter compared to the company's previous expectations for 5 to 10 percent sequential growth. Preliminary estimates for projector business in the third quarter indicate revenue was up slightly from the second quarter and was in line with the low end of the company's previous expectations.
   Due to weaker than expected orders in the third quarter, the book-to-bill ratio was below one, resulting in lower than expected backlog entering the fourth quarter. "Although we saw a pick-up in September order rates after a particularly slow August, order rates at this time do not reflect the seasonal strength we were previously expecting, leading us to believe that fourth quarter revenue will be relatively flat with the third quarter," said Allen Alley, President, CEO, and Chairman of Pixelworks.
   Projected third quarter earnings remained within the company's previous outlook range due to better than anticipated performance in several operational areas. A favorable product mix is expected to result in gross profit margins in the third quarter of 49 to 51 percent on a GAAP basis, up from 48.2 percent in the second quarter and better than the previous outlook of 45 to 47 percent. Combined R&D and SG&A expenses in the third quarter are expected to be $14.5 million to $15.0 million, which is slightly lower than previous expectations. As a result of better than expected yields on invested cash, net interest income in the third quarter is expected to be approximately $600,000, compared with the previous outlook of $250,000.
   The company is scheduled to release its third quarter 2004 financial results and its fourth quarter 2004 outlook on October 20, 2004 after market close and will hold a conference call shortly after the earnings release.

   (a) Pro forma gross profit, income before income taxes, and net income, which differs from gross profit, income before income taxes, and net income in accordance with accounting principles generally accepted in the United States of America (GAAP), excludes merger-related and restructuring expenses, and non-cash expenses for amortization of purchased developed technology, and stock-based compensation and amortization of assembled workforce. Pixelworks' management believes the presentation of these non-GAAP financial measures provides useful information to investors regarding Pixelworks' results of operations as these non-GAAP financial measures allow investors to better evaluate ongoing business performance. Pixelworks' management also uses these non-GAAP financial measures internally to monitor performance of the business. Pixelworks, however, cautions investors to consider these non-GAAP financial measures in addition to, and not as a substitute for, financial measures prepared in accordance with GAAP.

   About Pixelworks, Inc.

   Pixelworks, headquartered in Tualatin, Oregon, is a leading provider of system-on-chip ICs for the advanced display industry. Pixelworks' solutions provide the intelligence for advanced televisions, multimedia projectors and flat panel monitors by processing and optimizing video and computer graphics signals to produce high quality images. Many of the world's leading manufacturers of consumer electronics and computer display products utilize our technology to enhance image quality and ease of use of their products.
   For more information, please visit the company's Web site at www.pixelworks.com.
   Pixelworks is a trademark of Pixelworks, Inc. All other trademarks and registration marks are the property of their respective owners.

   Safe Harbor Statement

   The statements by Allen Alley and the statements in the Preliminary Financial Results for Third Quarter 2004 above are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations, estimates and projections about the company's business. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Actual results could vary materially from the description contained herein due to further standard financial review of preliminary third quarter results that are still in process and many factors including those described above and the following: business and economic conditions, changes in growth in the flat panel monitor, multimedia projector, and advanced television industries, changes in customer ordering patterns, competitive factors, such as rival chip architectures, pricing pressures, insufficient, excess or obsolete inventory and variations in inventory valuation, continued success in technological advances, shortages of manufacturing capacity from our third-party foundries, litigation involving antitrust and intellectual property, the non-acceptance of the combined technologies by leading manufacturers, and other risk factors listed from time to time in the company's Securities and Exchange Commission filings. The forward-looking statements contained in this press release speak only as of the date on which they are made, and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release. If the company does update one or more forward-looking statements, investors and others should not conclude that the company will make additional updates with respect thereto or with respect to other forward-looking statements.

--30--APS/se*

CONTACT: Pixelworks, Inc. Jeff Bouchard, 503-454-1771 (Investor Inquiries) jeffb@pixelworks.com Chris Bright, 503-454-1770 (Media Inquiries) cbright@pixelworks.com www.pixelworks.com

KEYWORD: OREGON INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS HARDWARE EARNINGS SOURCE: Pixelworks, Inc.

Copyright Business Wire 2004


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Spezialchip-Hersteller gibt Umsatzwarnung ab

06.10.04 23:21



Pixelworks hat heute seine Umsatzprognose für das laufende Quartal von 47 bis 50 auf 43,5 bis 44 Millionen Dollar zurückgenommen. Wie der Hersteller von Schaltkreisen für Spezialanwendungen bei Displays und Bildschirmen dargelegte, habe sich vor allem die Nachfrage von Seiten der LCD-Bildschirmhersteller schlechter als erwartet entwickelt.Das operative Ergebnis, so das Unternehmen, bleibe mit 11 bis 12 Cents pro Aktie aber innerhalb der in Aussicht gestellten Prognosen. Man habe in verschiedenen Bereichen eine höhere Produktivität als erwartet erzielt.Die aufatmenden Marktteilnehmer haben sich heute vor allem über den positiven Teil dieser Mitteilung gefreut. Pixelworks, die im regulären Handel noch 2,0 Prozent abgegeben hatten, können sich nachbörslich um 5,37 Prozent auf 11,38 Dollar verbessern.