Well, seeing how I can't pick "Contest Stocks", I am next to last place.... ;D :D :D :D LOL
I'm going to give it my best shot at making a pick on this one... ;)
Here's the Profile on this company.
Be back soon with the chart and TA.
Profile Get Profile for:
Spatialight Inc.
Five Hamilton Landing
Suite 100
Novato, CA 94949
Phone: 415-883-1693
Fax: 415-883-3363
Web Site: http://www.spatialight.com
DETAILS
Index Membership: N/A
Sector: Consumer Goods
Industry: Photographic Equipment & Supplies
Full Time Employees: 34
BUSINESS SUMMARY
SpatiaLight, Inc. manufactures high-resolution liquid crystal on silicon (LCoS) microdisplays. Its products include microdisplays, microdisplay backplanes, and systems that support microdisplays, which provide high-resolution images suitable for high definition televisions, rear projection computer monitors, and video projectors, as well as for applications in wireless communication devices, portable games, and digital assistants. The company's customers include original equipment manufacturers. It operates in Korea, China, Japan, and Taiwan. SpatiaLight was founded as Sayett Group, Inc. in 1989. The company is headquartered in Novato, California.
First,before the chart. The latest News Headline..... 8)
***************************************
Press Release Source: SpatiaLight, Inc.
SpatiaLight Mass Production Ramp Up Continues as Delivery of LG Televisions to Retailers in Australia Set to Begin
Thursday December 15, 11:13 am ET
NOVATO, Calif., Dec. 15 /PRNewswire-FirstCall/ -- SpatiaLight, Inc. (Nasdaq: HDTV - News), a leading manufacturer of state of the art liquid crystal on silicon (LCoS) microdisplays, announced today that the much anticipated mass production volume rollout of its LCoS Sets to LG, its largest customer, is under way.
Additionally, SpatiaLight is proud to announce that LG has informed SpatiaLight that shipments of televisions powered by its imagers are to commence Tuesday, December 20, 2005, to major retailers in Australia. Recently, LG hosted major product launch events in the following cities to drive retail interest in the new LCoS televisions: Sydney, Melbourne, Perth, Brisbane, Adelaide and the Gold Coast region. The major retailers to initially carry the televisions include: Harvey Norman, The Good Guys, Betta Stores Ltd. and Australia's largest retailer Coles Myer Ltd.
SpatiaLight began delivery of its LCoS imagers intended for mass production of high definition televisions to LG on November 7, 2005. Deliveries are expected to continue weekly throughout the agreed upon initial six-month term.
Dr. Michael S. Jin, SpatiaLight's Chief Technology Officer, commented, "We are extremely happy that production volumes and yields are coming in as expected despite extraordinary testing efforts on these initial batches to ensure exceptional performance. We've committed a large amount of resources to testing to insure that each chipset delivered is of superior quality."
Producing the highest level of HDTV display performance in a consumer product, LG is introducing a new series of 1080p microdisplay rear-projection HDTV's powered by SpatiaLight's LCoS technology. LG has announced that its initial LCoS high definition television product launch will be in the United States, Australia and South Korean markets.
Robert A. Perry, Vice President, Consumer Electronics Sales and Channel Marketing, LG Electronics USA, Inc., recently stated, "LG's first LCoS HDTV, a 71-incher in a sleek package, combines the latest HDTV display and reception technology for an unparalleled entertainment experience."
A press release issued by LG Electronics USA in September from the CEDIA EXPO in Indianapolis described the new LCoS based televisions as "stunning" and stated that, "the big LG is designed to deliver superior HDTV performance using the latest LCoS chip technology."
"We are pleased to see the pipeline begin to fill with televisions powered by our imagers as we ramp toward larger volumes," stated Ted Banzhaf, SpatiaLight's Executive Vice President. "Our production ramp up began last month and we are moving aggressively to escalate production volumes. We look forward to working with LG as it ramps the volume production of its high definition LCoS televisions."
About SpatiaLight, Inc.
SpatiaLight, Inc., founded in 1989, manufactures high-resolution LCoS microdisplays for use in high definition televisions and other display applications. Utilizing more than 6.2 million pixels, SpatiaLight's LCoS Sets are comprised of three proprietary SpatiaLight imagEngine(TM) microdisplays. A SpatiaLight display unit, another Company product, is comprised of an LCoS Set fitted onto a light engine. SpatiaLight currently manufactures two models of its LCoS Sets. The newer generation T-3 model has an active matrix of 1920 pixels by 1080 pixels configuration and the T-1 model has an active matrix of 1280 pixels by 960 pixels configuration. SpatiaLight is committed to developing microdisplay technologies that will become the standard for the next generation of high definition televisions and to providing OEMs with the most cost effective, high-resolution microdisplays in the industry. For more information about SpatiaLight, please see the Company website: www.spatialight.com.
Safe Harbor Statement
This news release includes forward-looking statements that reflect SpatiaLight's current expectations about its future results, performance, prospects and opportunities. SpatiaLight has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "we are confident" or similar expressions. These forward-looking statements are based on information currently available to SpatiaLight and are subject to a number of risks, uncertainties and other factors that could cause SpatiaLight's actual results, performance, prospects or opportunities in the remainder of 2005 and beyond to differ materially from those expressed in, or implied by, these forward-looking statements. These risks and uncertainties are outlined in the Company's filings with the U. S. Securities and Exchange Commission, including its most recent reports on Forms 10-Q and 10-K.
--------------------------------------------------------------------------------
Source: SpatiaLight, Inc.
Over Sold and Over Shorted...Don't you just smell something here ? ::)
Did I say, Short Squeeze ? >:D
It's time to accumulate. I believe the shorts are about to move on.
I like to fish also....Bottom Fishing.Over Sold on the Stochastic
Looks like a nice small Double Bottom, Bullish Engulfing.
Share Statistics :
Shares Outstanding: 37.28M
Float (mil) 32.50
% Held by Insiders4: 48.76%
% Held by Institutions4: 36.30%
Shares Short (as of 10-Nov-05) 7.65M
Short Ratio (as of 10-Nov-05) 30.2
Short % of Float (as of 10-Nov-05) 27.80%
Shares Short (prior month) 7.85M
Volume: 1,104,738.........Today... :D
Avg Volume (3m): 337,773
Support @ $3.62...3.32
Resistance @ $4.08...4.54...4.69
Recent CandleStick Analysis
Very Bullish
Dec-15-2005 Bullish Engulfing
Technicals
Record Price Low
MACD - Bearish
Stochastic is Over Sold
Last Price Quote is:
-2.66%below 13-day EMA
-10.36%below 50-day EMA
RS Rating: 7
Fundamentals
Key Data:
Market Cap (M): $136.82
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 03/13/2006
Last Analyst Rating: Sell
There you have ,do your own DD. Here's the chart !
Press Release Source: SpatiaLight, Inc.
SpatiaLight Delivers Production 1080p LCoS Sets to Taiwanese Customer ThinTek
Tuesday December 20, 9:00 am ET
NOVATO, Calif., Dec. 20 /PRNewswire-FirstCall/ -- SpatiaLight, Inc. (Nasdaq: HDTV - News), a leading manufacturer of state of the art liquid crystal on silicon (LCoS) microdisplays, announced today that it recently delivered an initial production lot of its 1080p LCoS Sets its customer ThinTek Optronics Corp. for immediate assembly of optical engines to be used in rear projection televisions.
ThinTek, widely recognized as the leading LCoS optical engine designer in Taiwan, has qualified SpatiaLight as their exclusive approved vendor of 1080p LCoS microdisplay panels. ThinTek has completed the design, development and initial manufacturing requirements to begin mass production of its three panel LCoS optical engines specifically designed to incorporate SpatiaLight's 1080p LCoS Sets. ThinTek and SpatiaLight have been collaborating since mid-2004 to develop this 1080p optical engine with associated electronics.
ThinTek intends to actively pursue and attain the largest market share in China and Taiwan as an LCoS optical engine "supplier of choice" to original equipment manufacturers (OEMs). More importantly, SpatiaLight and ThinTek are cooperatively working with multiple prospective OEM customers in Japan and the United States for the production of rear projection high definition LCoS televisions powered by SpatiaLight's proprietary 1920 x 1080p imagers. The ThinTek 1080p optical engine incorporating SpatiaLight's three-panel LCoS Sets represents a turnkey solution that will allow major OEMs to bring product to market on a fast track.
ThinTek has publicly announced that it will exhibit its 1920 x 1080p LCoS platform solution at the January 2006 Consumer Electronics Show in Las Vegas. ThinTek was founded in 2003, with backing from UMC, a leading Taiwanese semiconductor manufacturer and Premier Image Technology Corporation, a leading Taiwanese global image products supplier.
Dr. David Hakala, Chief Operating Officer of SpatiaLight, stated, "Deliveries of our production imagers to ThinTek represents a key step in our business development strategy. Our jointly developed turnkey solution is already commanding substantial interest from prospective Tier One customers and we believe that our ability to deliver production imagers to ThinTek will encourage these prospective customers to move forward with integrating our product into their rear projection television lineups."
About SpatiaLight, Inc.
SpatiaLight, Inc., founded in 1989, manufactures high-resolution LCoS microdisplays for use in high definition televisions and other display applications. Utilizing more than 6.2 million pixels, SpatiaLight's LCoS Sets are comprised of three proprietary SpatiaLight imagEngine(TM) microdisplays. A SpatiaLight display unit, another Company product, is comprised of an LCoS Set fitted onto a light engine. SpatiaLight currently manufactures two models of its LCoS Sets. The newer generation T-3 model has an active matrix of 1920 pixels by 1080 pixels configuration and the T-1 model has an active matrix of 1280 pixels by 960 pixels configuration. SpatiaLight is committed to developing microdisplay technologies that will become the standard for the next generation of high definition televisions and to providing OEMs with the most cost effective, high-resolution microdisplays in the industry. For more information about SpatiaLight, please see the Company website: www.spatialight.com.
Safe Harbor Statement
This news release includes forward-looking statements that reflect SpatiaLight's current expectations about its future results, performance, prospects and opportunities. SpatiaLight has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "we are confident" or similar expressions. These forward-looking statements are based on information currently available to SpatiaLight and are subject to a number of risks, uncertainties and other factors that could cause SpatiaLight's actual results, performance, prospects or opportunities in the remainder of 2005 and beyond to differ materially from those expressed in, or implied by, these forward-looking statements. These risks and uncertainties are outlined in the Company's filings with the U. S. Securities and Exchange Commission, including its most recent reports on Forms 10-Q and 10-K.
--------------------------------------------------------------------------------
Source: SpatiaLight, Inc.
thinking about bringing in some cash here
Spatialight downgraded by Soleil...
Stock plunges -0.66 (-19.08%) :-\
HDTV: Soleil Cuts to Sell from Hold; Analyst Notes
Monday , January 09, 2006 07:56 ET
Issuer: Spatialight Inc (NasdaqSC: HDTV)
Analyst Firm: Soleil Securities Corporation
Ratings Action: DOWNGRADE
Current Rating: Sell (from Hold)
Analyst Comments: At the CES conference, LG removed its LCOS televisions to a private conference room withing LG's booth, out of the public show floor. The product is powered by HDTV's chipset and the removal from the public show reduces the firm's confidence in LG's commitment and estimates.
chart:
www.MarketGainer.com: Market Gainer Releases Coverage Spatailight Incorporated
Friday , January 13, 2006 12:25 ET
Jan 13, 2006 (M2 PRESSWIRE via COMTEX) -- Market Gainer strives to find dynamic issues that are unknown but because of their technology, approach, executive team, recent discoveries or other key factors, could advance in the market. Now available is Market Gainer's very own in-site blog, see below for details. Market Gainer has identified the following company based on these criteria.
Spatailight Incorporated (NASDAQ:HDTV) manufactures high-resolution liquid crystal on silicon (LCoS) microdisplays. Its products include microdisplays, microdisplay backplanes, and systems that support microdisplays, which provide high-resolution images suitable for high definition televisions, rear projection computer monitors, and video projectors, as well as for applications in wireless communication devices, portable games, and digital assistants.
Shares of Spatailight Incorporated experienced a slight increase today, rising up 4% or $0.12 from the previous close of $2.61. Just over 265 thousand shares changed hands today, bringing up the share price and market cap to $2.73 and 101 million respectively. The recent investor interest comes with headline as Spatailight Incorporated announced Thursday, January 12, 2006 that it is selling 1.3 million shares in a private placement deal, in order to raise funds to increase its production. The company plans to sell the shares at $2.62 a piece which is just above the Company's closing price of $2.61 on the Nasdaq, with proceeds of $3.4 million before expenses.
SpatiaLight said the funds will be used for working capital and general corporate purposes, calling the sale an important step toward funding a ramp-up in manufacturing to meet demand of its largest customer, appliance and television maker LG Electronics Inc. The Novato, Calif.-based company did not disclose the buyers, saying that the shares are being sold to three institutional investors, led a large Boston investment advisor.
It added that it plans a larger financing transaction to meet more long-term capital needs. The Company is working to get a $10 million revolving credit line from a South Korean bank. SpatiaLight predicted that the deal will close on Friday.
Market Gainer will update investors of Spatailight Incorporated as they continue with their efforts of expansion. Avid traders could apply diligence in order to capitalize on opportunities in future trading.
To view other Market Gainer reports in this and other sectors, please visit www.marketgainer.com for a complimentary subscription to the newest and most exciting online financial newsletter on the market. This article is available for viewing in the featured articles section on our website. No Credit Card information needed.
chart:
HDTV should be good for tomorrow, nice doji forming today,
went up on high volume yesterday, pullback on relatively lower volume today,
showing a cup and handle formation on the 10 day hourly chart,
RSI cross 50 and upticking, macd wants up,
great entry tomorrow, check out the chart
(http://bigcharts.marketwatch.com/charts/big.chart?symb=HDTV&compidx=aaaaa%3A0&ma=3&maval=10%2C20%2C50&uf=8&lf=268435456&lf2=4&lf3=2&type=4&size=4&state=11&sid=8472&style=350&time=18&freq=8&comp=NO%5FSYMBOL%5FCHOSEN&nosettings=1&rand=3198&mocktick=1)
Not too sure what happened today, stock fell 13.8% to 2.31.
Is it because of the 1.3 shares sold last Thursday?
--------------------------------
On a different note: THIS IS MY 50th post ;D ;D
I can officially applaud people now... yay :D ... and I will
Looking at the 50-dma.
Had to drop another buck in price before it found some support.... :D :D :D
I guess it happens when you are trying to find a bottom.
BreakOut..... ;)
Break of the downtrend line..... ;D Oversold, BigTime !
Okay, this is what I've been waiting for
Target $4-6.......JMHO of course...... ;)
Volume: 1,897,912
Avg Vol (3m): 482,582
Technicals
Percentage Gainer
Last Price Quote is:
49.81%above 13-day EMA
32.98%above 50-day EMA
RS Rating: 47
Fundamentals
Key Data:
Market Cap (M): $88.35
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 05/09/2006
Last Analyst Rating: Sell
AP
SpatiaLight Ramps Up Shipments
Thursday March 30, 2:22 pm ET
SpatiaLight Shares Jump As the Digital Display Maker Reports Shipping Ahead of Schedule
NEW YORK (AP) -- Shares of SpatiaLight Inc. jumped Thursday after the maker of high-resolution digital displays said it significantly increased product shipments.
The Novato, Calif., company said it is ahead of its delivery schedule in shipping the 1,000 imager sets it had planned to ship by the middle of April.
Spatialight said it has delivered more than 350 sets so far, and added that its schedule includes larger deliveries as production increases.
The shipments are to South Korea-based LG Electronics, the company's largest original equipment manufacturer customer, and to Taiwan-based Thintek Optronics Corp.
Spatialight's shares climbed 52 cents, or 22 percent, to $2.88 in afternoon trading on the Nasdaq. The stock has changed hands between $2.09 and $6.98 in the past 52 weeks.
"The ramp up of our manufacturing is moving along smoothly and our yields continue to increase," said Dave Hakala, chief operating officer, in a statement.
"We expect this growing production volume to not only enable us to fulfill our initial purchase order with LG, but to help generate, and fulfill, expanded demand from additional customers," he added.
Press Release Source: SpatiaLight, Inc.
SpatiaLight Successfully Ramping Up Customer Deliveries of T-3 Imagers
Thursday March 30, 8:30 am ET
NOVATO, Calif., March 30 /PRNewswire-FirstCall/ -- SpatiaLight, Inc. (Nasdaq: HDTV - News), a leading developer and manufacturer of ultra high-resolution Liquid Crystal on Silicon (LCoS) microdisplays for the high definition television market, today announced a recent significant increase in product shipments to LG Electronics, its largest OEM customer and to Thintek Optronics Corp. This delivery increase reflects SpatiaLight's successful mass production ramp up of its 1080p T-3 imagers that has occurred in March.
During SpatiaLight's fiscal year-end earnings call held on March 14, 2006, the company stated that it intended to deliver approximately 1,000 LCoS imager sets to its customers, including LG Electronics, over the following 30 days. In the past two weeks, SpatiaLight has delivered more than 350 imager sets toward that initial goal of 1,000. This is ahead of SpatiaLight's delivery schedule, which includes larger deliveries as production increases. Dave Hakala, SpatiaLight's Chief Operating Officer, commented, "As we continue to accelerate our volume production ramp, we expect to satisfy the balance of the initial delivery schedule within the forecasted 30-day time period and to continue to ramp toward larger production volumes going forward."
"We are able to build shipping volumes because of our improved and consistent test yields, as measured against fully agreed upon specifications with LG," he added. "The ramp up of our manufacturing is moving along smoothly and our yields continue to increase. We expect this growing production volume to not only enable us to fulfill our initial purchase order with LG, but to help generate, and fulfill, expanded demand from additional customers," concluded Dr. Hakala.
Each SpatiaLight chipset incorporates three proprietary imagEngine(TM) microdisplays. The third generation T-3 model -- which has an active matrix configuration of 1920 pixels by 1080 pixels, for a total of 6.2 million pixels -- provides the highest resolution in the industry and is expected to help drive greater sales of HDTV units. The first generation T-1 model, which is no longer in production, had an active matrix configuration of 1280 pixels by 960 pixels.
On March 17, 2006, SpatiaLight raised approximately $1 million from the sale of 500,000 of its common shares. In accordance with Nasdaq Rule 4350(b), SpatiaLight also announced that in its Form 10-K filed with the SEC on March 16, 2006, its independent registered public accounting firm, Odenberg, Ullakko, Muranishi & Co. LLP, issued an audit report that expresses an unqualified opinion and includes a matter of emphasis paragraph relating to the company's ability to continue as a going concern.
About SpatiaLight
SpatiaLight, Inc., founded in 1989, manufactures high-resolution LCoS microdisplays for use in high definition televisions and other display applications. Providing resolution of more than 6.2 million pixels, each SpatiaLight LCoS set incorporates three proprietary imagEngine(TM) microdisplays. The company manufactures its products at its production facility in South Korea. The company is committed to developing microdisplay technologies that will be the standard for the next generation of high definition televisions and to providing OEMs with the most cost effective, high-resolution microdisplays in the industry.
For more information about SpatiaLight, please visit the company's website at: http://www.spatialight.com .
Safe Harbor Statement
This news release includes forward-looking statements that reflect SpatiaLight's current expectations about its future results, performance, prospects and opportunities. SpatiaLight has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "we are confident" or similar expressions. These forward-looking statements are based on information currently available to SpatiaLight and are subject to a number of risks, uncertainties and other factors that could cause SpatiaLight's actual results, performance, prospects or opportunities in the remainder of 2006 and beyond to differ materially from those expressed in, or implied by, these forward-looking statements. These risks and uncertainties are outlined in the company's filings with the U. S. Securities and Exchange Commission, including its most recent report on Form 10-K.
--------------------------------------------------------------------------------
Source: SpatiaLight, Inc.
Nice move at the close.
Didn't get in but sure was fun to watch!! ;D
Press Release Source: SpatiaLight, Inc.
SpatiaLight Hires Plant Manager for South Korean Facility
Thursday August 3, 8:00 am ET
Plant Manager Charged With Increasing Production Ramp-Up
NOVATO, Calif., Aug. 3 /PRNewswire-FirstCall/ -- SpatiaLight, Inc. (Nasdaq: HDTV - News), a leading developer and manufacturer of ultra high-resolution Liquid Crystal on Silicon (LCoS) microdisplays for the high definition television market, today announced it has hired a plant manager for its manufacturing facility in South Korea. The new plant manager will have the responsibility of increasing productivity to meet the demand of SpatiaLight's customers.
Kang Wan "Kevin" Lee (50) comes to SpatiaLight with approximately 22 years of experience in semiconductor production and sales. Most recently, Mr. Lee was Vice President of Engineering and Fab Operations at Nano-Tech Silicon India, where he supervised the first Mega Fab project in India, an 8-inch wafer with 30,000/Month capacity. Prior to his tenure at Nano-Tech Silicon India, Mr. Lee was Vice President of Sales at Donbu Anam Semiconductor, Inc., of Seoul, Korea. Mr. Lee received a M.S. in Material Science from Korea Advanced Institute of Science and Technology in 1981, and graduated with a B.S. Metallurgical Engineering from Hanyang University in Korea.
Dave Hakala, Chief Operating Officer, commented, "It is great to have K. W. Lee as part of the SpatiaLight team. Kevin has a tremendous amount of experience and understanding of the industry, and provides SpatiaLight with the needed tools to enhance the production and growth of our facility in South Korea. With our recent move to sample testing of our six million pixel 1080p imager sets, SpatiaLight has positioned itself to produce and supply commercial volumes of our exciting high definition displays."
Mr. Lee stated, "I am enthusiastic about joining SpatiaLight and look forward to working with the SpatiaLight Korea team to achieve excellence in our plant operations."
About SpatiaLight
SpatiaLight, Inc., founded in 1989, manufactures high-resolution LCoS microdisplays for use in high definition televisions and other display applications. The company manufactures its products at its production facility in South Korea. SpatiaLight is committed to developing microdisplay technologies that will be the standard for the next generation of high definition televisions and to providing OEMs with the most cost effective, high-resolution microdisplays in the industry.
For more information about SpatiaLight, please visit the Company's website at: http://www.spatialight.com .
Safe Harbor Statement
This news release includes forward-looking statements that reflect SpatiaLight's current expectations about its future results, performance, prospects and opportunities. SpatiaLight has tried to identify these forward- looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "we are confident" or similar expressions. These forward-looking statements are based on information currently available to SpatiaLight and are subject to a number of risks, uncertainties and other factors that could cause SpatiaLight's actual results, performance, prospects or opportunities in the remainder of 2006 and beyond to differ materially from those expressed in, or implied by, these forward-looking statements. These risks and uncertainties are outlined in the Company's filings with the US Securities and Exchange Commission, including its most recent report on Form 10-K.
--------------------------------------------------------------------------------
Source: SpatiaLight, Inc.
MACD going positive....
Technicals
Last Price Quote is:
10.15%above 13-day EMA
8.34%above 50-day EMA
RS Rating: 27
Fundamentals
Earnings Expected on Aug 8
Key Data:
Market Cap (M): $87.89
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 08/08/2006
Last Analyst Rating: Sell
Press Release Source: SpatiaLight, Inc.
SpatiaLight Announces Second Quarter and Six Months 2006 Results
Wednesday August 9, 4:15 pm ET
NOVATO, Calif., Aug. 9 /PRNewswire-FirstCall/ -- SpatiaLight, Inc. (Nasdaq: HDTV - News), a leading developer and manufacturer of ultra high-resolution Liquid Crystal on Silicon (LCoS) microdisplays for the high definition television market, today reported its results for the second quarter and the six months of 2006.
For the quarter ended June 30, 2006, SpatiaLight had revenues of $59,148 as compared with revenues of $41,149 for the same period in 2005. Revenues for the six months ended June 30, 2006 were $144,842, compared to revenues of $138,908 for the same period in 2005. Net loss for the quarter was $5,304,581, or $0.13 per share, versus a net loss of $3,524,447, or $0.10 per share for the same period a year ago. The company reported a net loss of $10,937,250, or $0.28 per share, compared to $5,672,982, or $0.16 per share for the six months ended June 30, 2005.
Dave Hakala, Chief Operating Officer, commented, "We successfully transitioned SpatiaLight from a research and development company to a volume manufacturing company during the first six months of 2006. Our ability to move from 100% testing to sample testing demonstrated the commitment of SpatiaLight's management team to reaching the demands of LGE and other customers. We recognize that areas needing improvement include adding new customers to reduce our current dependence upon LGE, and to the introduction of new products. Although the second quarter was below our expectations, we are confident that recent internal steps, including the hiring of a new plant manager, will help us build credibility and shareholder value in the near-term."
Hakala added, "One significant aspect of our relationship with LGE which had previously been kept confidential is our ability to participate in the sale of the LGE light engine to other TV makers. We will either have the option of (re)selling the light engine directly to customers, or to work cooperatively with LGE to sell their engine in conjunction with our imagers. Access to the LGE light engine will enable us to work with potential customers to bring their products to market faster. We believe this approach will be well received by at least certain other Tier One producers whom LGE has worked with previously."
Webcast Details
SpatiaLight will hold a public audio webcast at 5:00 p.m. EDT on Wednesday, August 9, 2006, with management of the Company to discuss details regarding the Company's performance for the second quarter and six months 2006 and other forward-looking information. The session may be accessed at www.spatialight.com under the link for Investors. The webcast will be available for replay through the close of business on August 16, 2006.
About SpatiaLight
SpatiaLight, Inc., founded in 1989, manufactures high-resolution Liquid Crystal on Silicon (LCoS) microdisplays for use in high definition televisions and other display applications. Providing resolution of more than 6.2 million pixels, each SpatiaLight LCoS set incorporates three proprietary imagEngine(TM) microdisplays. The company manufactures its products at its facility in South Korea. The company is committed to developing microdisplay technologies that will be the standard for the next generation of high definition televisions, and to providing OEMs with the most cost effective, high-resolution microdisplays in the industry.
For more information about SpatiaLight, please visit the company's website at: http://www.spatialight.com .
Safe Harbor Statement
This news release includes forward-looking statements that reflect SpatiaLight's current expectations about its future results, performance, prospects and opportunities. SpatiaLight has tried to identify these forward- looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "we are confident" or similar expressions. These forward-looking statements are based on information currently available to SpatiaLight and are subject to a number of risks, uncertainties and other factors that could cause SpatiaLight's actual results, performance, prospects or opportunities in the remainder of 2006 and beyond to differ materially from those expressed in, or implied by, these forward-looking statements. These risks and uncertainties are outlined in the company's filings with the US Securities and Exchange Commission, including its most recent reports on Form 10-K/A and Form 10-Q.
--------------------------------------------------------------------------------
Source: SpatiaLight, Inc.
Earnings Released
Technicals
Percentage Gainer
Last Price Quote is:
4.08%above 13-day EMA
3.35%above 50-day EMA
RS Rating: 34
Fundamentals
Reports Earnings
Key Data:
Market Cap (M): $108.66
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 11/08/2006
Last Analyst Rating: Sell
After the big tumble down,
Seems to have hit bottom ,oversold and may have hit bottom and
the dead cat is bouncing.......
52wk Range: 0.23 - 3.59
Volume: 698,810
Avg Vol (3m): 363,049
Technicals
Percentage Gainer
Last Price Quote is:
40.44%above 13-day MA
-35.32%below 50-day MA
RS Rating: 2
Fundamentals
Key Data:
Market Cap (M): $13.09
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 05/09/2007
Last Analyst Rating: Sell
Excelent. I am late.
"HDTV" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders. ;D
All history on a stock pick in 1 thread is awesome. ;)
Just trying to get threads together,so we don't have a numerous amount floating around on the same stock. :( ::)
Thank You....and good luck with all your trades....make some $$$ ;)
Changed Ticker Symbol...
'HDTV' is no longer valid. It has changed to HDTV.PK.
A Big Fall...
This maybe has put in a double bottom in @ 0.07... ???
52wk Range: 0.07 - 3.10
Volume: 2,536,611
Avg Vol (3m): 2,699,750
Lots of dumping in the last hour