For those investors who bought into the worst of the OmniVision (Nasdaq:OVTI) news in late November, I salute your bravery. I was definitely tempted to take a flier on this stock, but chose not to and missed out on the subsequent 80% jump in the shares. As this most recent quarter demonstrates, though, conditions remain volatile and murky for this imaging sensor company.
A Surprising (Partial) Rebound
OmniVision warned investors a little while ago that financial performance was going to be down as the company worked through lower demand and higher inventory. That said, the company managed to deliver better performance than it had expected.
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