Google Glass could push HIMX Sky High!
Update: OTCMAGIC has been reporting on HIMX since the stock was a little over $4 per share. HIMX of course is turning into one of the most exciting opportunities on the small cap markets as the Company continues to announce spectacular operating results as well as expected upcoming Google Glass announcements, read on:
Himax Technologies, Inc. (NASDAQ: HIMX) Is quickly turning into one of the most exciting stories of spring 2013. As the Google Glass launch date gets bumped up to 2013 share price and volume of HIMX have exploded to well over $5 per share. Of course many tech enthusiasts would tell you that HIMX is just getting started here!
All the excitement on HIMX comes on the heels of Google’s Project Glass; Google Glass is a wearable computer with a head-mounted display (HMD) that is being developed by Google in the Project Glass research and development project, with the mission of producing a mass-market ubiquitous computer.
Google Glass displays information in a smartphone-like hands-free format, that can interact with the Internet via natural language voice commands. While the frames do not currently have lenses fitted to them, Google is considering partnering with sunglass retailers such as Ray-Ban or Warby Parker, and may also open retail stores to allow customers to try on the device. The Explorer Edition cannot be used by people who wear prescription glasses, but Google has confirmed that Glass will eventually work with frames and lenses that match the wearer's prescription; the glasses will be modular and therefore possibly attachable to normal prescription glasses.
Google created a huge buzz last year with a video depicting what a typical day might look like with its revolutionary glasses. Recently, Sergio Brin wowed the audience at the TED 2013 conference by demonstrating Google Glass in live action.
Though not confirmed, it is widely believed and has been written about in various articles and websites that HIMX has won the exclusive contract to provide the micro-display technology for the Google Glass product.
Conclusion: HIMX stock is exploding and rightly so, this company has a ton going for it besides the Google Glass; Wall Street estimates currently are for $830M in revenue and 37 cents in EPS. It compares with 2014 estimates, which call for 28% revenue growth and a rise in EPS to 42 cents. With plenty of cash on hand and narrowing debt as well as the expectaction of massive announcements coming with the launch of Glass, HIMX is looking stellar here for continued explosive gains!
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Himax Technologies, Inc. (NASDAQ: HIMX) is a fabless semiconductor solution provider dedicated to display imaging processing technologies. HIMX is a worldwide market leader in display driver ICs and timing controllers used in TVs, laptops, monitors, mobile phones, tablets, digital cameras, car navigation, and many other consumer electronics devices.
HIMX also designs and provides controllers for touch sensor displays, LCOS micro-displays used in palm-size projectors and head-mounted displays, LED driver ICs, power management ICs, scaler products for monitors and projectors, tailor-made video processing IC solutions and silicon IPs. The company also offers digital camera solutions, including CMOS image sensors and wafer level optics, which are used in a wide variety of applications such as mobile phone, tablet, laptop, TV, PC camera, automobile, security and medical devices.
Founded in 2001 and headquartered in Tainan, Taiwan, HIMX currently employs around 1,400 people from three Taiwan-based offices in Tainan, Hsinchu and Taipei and country offices in China, Korea, Japan and the US. HIMX has 1,762 patents granted and 1,397 patents pending approval worldwide as of December 31, 2012. HIMX has retained its position as the leading display imaging processing semiconductor solution provider to consumer electronics brands worldwide.