O2Micro International Ltd. designs, develops and supplies analog, digital, and mixed-signal integrated circuits, and semiconductor devices for power management, mobile, and security applications in consumer electronics, computer, industrial, automotive and communications markets.
O2Micro's list of customers include some of the world's leading electronics manufacturers of communications, consumer and computer equipment such as Sony, Samsung and Apple.
O2Micro's International revenues for the second quarter of 2008 increased 6.8% to $40.8 million from $38.2 million in the second quarter of 2007. Income from operations for the second quarter of 2008 increased 123% to $4.5 million from $2.0 million (excluding litigation income of $3.4 million) in 2007. The Company has $83.8 million in cash and short term investments and $22.8 million in total liabilities ($800 thousand in long-term debt) as of June 30, 2008.
O2Micro International generates a large portion of its business from its backlighting chips that are used in liquid-crystal display (LCD) screens for TV's, desktop monitors, DVD players, digital cameras, portable GPS systems and games.
O2Micro International stock closed at $5.12 on September 2, 2008, down 72% from its fifty-two week high of $18.00. O2Micro stock price has taken a beating along with the overall Chinese markets and this appears to present a good buying opportunity. The Company has strong financial fundamentals and excellent growth prospects. O2Micros "chips" are down for the moment but its stock price should bounce back strongly once the economy and the markets begin their eventual recovery.
References:
http://phx.corporate-ir.net/phoenix.zhtml?c=123458&p=irol-news&nyo=0
Company Second Quarter 2008 Results
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