Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Markets & Finance

Prudential Cuts Genesis Microchip Outlook

Prudential cut its estimates and target on Genesis Microchip (GNSS).

On Wednesday DisplaySearch revised its data for the quarter. Analyst Tristan Gerra says given the DisplaySearch data and his own channel checks, he finds it prudent to further reduce his earnings per share estimate for the first quarter to $0.21, and to reduce the fiscal 2003 (March) estimate to $1.02 given the difficult pricing environment.

Gerra says he certainly sees no catalyst for Genesis Microchip until 5G-related capacity ramps materializes in a meaningful way, which he figures will occur in the December quarter. Still, he retains his buy rating based on longer-term growth prospects for the industry, as well as his belief that Genesis Microchip remains the best-positioned company in his universe.

However, he cut his $40 target to $29.

blog comments powered by Disqus