INVN

[admin]

Well, these things are on a bit of a run as well, $15.8 and counting, up another 5%..

[admin]

This one is getting hammered for no reason, just published better than expected results. At $11.60, it's due for a rebound

[admin]

Well, actually there is a downgrade from Robert W Baird with a price target cut from $15 to $13, but that should be in the price by now as we went from $15 to $11.6 in less than two weeks and the shares are oversold.

[admin]

For Invensense, Short Interest Is Fuel In The Tank

Mar 11 2013, 10:28  |  about: INVN

Disclosure: I am long INVN. (More...)

Invensense (INVN) had nothing but good news this past week, and that could be very bad news for short sellers. On Wednesday, the company got a respite from its legal battle with STMicroelectronics (STM) after a court agreed to stay the proceedings of a patent lawsuit while the United States Patent Office (USPTO) looks into the validity of those patents, as this excerpt from Invensense's press release explains:

The USPTO has already determined that substantial questions of patentability exist for seven of the nine patents asserted by ST [STM], and USPTO office actions have already issued for four of the patent reexamination requests. The USPTO has rejected all of ST`s asserted claims in those office actions. In view of the pending reexaminations, the United States District Court for the Northern California agreed with InvenSense that it is unnecessary to currently proceed with the litigation initiated by ST and has granted InvenSense`s motion to stay the litigation.

Then on Friday speculation that Invensense's chips would find their way into Apple's (AAPL) devices was renewed. Wedge Partners, a technology and media focused firm based in Denver, reportedly believes that the new iPhone 5 will use Invensense's gyroscopes. If true, this would be a huge opportunity for Invensense to gain the lion's share of the gyroscopic MEMS market. The company is already a supplier to big names in the mobile devices space including Google's (GOOG) Nexus tablets, Amazon's (AMZN) Kindles, and Samsung's (SSNLF.PK) Galaxy phones, but a deal with Apple would be a new supplier relationship. Currently Apple uses competitor STMicro's chips. [Read on here]

[admin]

New markets opening up for InvenSense..

Oculus Rift VR headset prototype works so well it’s a little scary

LAS VEGAS — After testing a prototype version of the Oculus Rift virtual reality device we came away impressed, intrigued and a little disoriented.

It feels like a long time since we’ve seen a decent virtual reality rig at CES. This is my third year covering the show, and before today I’d never seen anything that made me pine for the virtual worlds I dreamed of as a nerdy kid reading “Neuromancer.” That changed after I seized an opportunity to test out a prototype version of the developer kit for the Oculus Rift and finally had the VR experience I’ve been fantasizing about for years.

If the name sounds familiar, it’s because Oculus Rift was a popular Kickstarter project that successfully hit its crowd-funding goals in August. The Oculus VR team brought a prototype version of the developer kit to CES, and as much as I want to dislike the notion of VR games (remember Virtual Boy?) this headset does an amazing job of making you feel immersed in a virtual world.

As great as our experience was, there’s no guarantee the finished product that hits store shelves will have the same hardware, work the same way or even look like what we’re seeing at CES. Trying to talk about hard details like price, release date, or even hardware specs is tricky when you’re chatting up the Oculus VR team because the headset is still being tweaked and improved; you get the impression that if they had their way, the Oculus Rift would never stop evolving.

Still, the product has to be sold at some point, and this March the Oculus Rift developer kits are expected to start shipping out to software developers and anyone who contributed $300 or more to the Kickstarter fund last year. While some select developers have already begun working closely with Oculus VR to try to figure out viable ways to incorporate a VR headset into 3D games without triggering a gag reflex in motion-sensitive players, it will probably take some time for most game developers to get a handle on the headset’s capabilities.

After spending a half-hour testing the prototype, it seems awfully capable. I’ve played around with my share of goofy VR rigs for work and play, but this is the first headset I’ve tested that doesn’t trigger any motion sickness or disorientation after 15 minutes of play. That’s all the more interesting when you consider the Oculus Rift was designed with off-the-shelf parts using technology that’s very similar to what makes your smartphone capable of tracking movement and orientation.

There’s a sensor package strapped to the front of the Oculus Rift headset that includes a gyrometer, accelerometer and magnetometer, and just like your phone the headset uses those sensors to measure how your head is moving in three dimensions. That data is piped back into the control board and used to process how your character is moving in 3D space, which is then rendered on a 7-inch 720p LCD display that you watch through two lenses (one over each eye) that work in tandem to create a stereoscopic 3D image in real time with almost no noticeable latency.

If that sounds like a lot of work, it is; the fact that Oculus VR has managed to build a prototype version for roughly $300 is remarkable. It’s the first decent VR headset I’ve ever used, and I can’t wait to get my hands on the final version; I just hope PC game developers invest the time and resources required to adapt modern PC games for such a unique peripheral.

[admin]

INVN [NYSE] InvenSense, Inc.

At $10 (the chart is self updating!) this one is getting oversold and earnings and guidance were too good for it to go much lower..

[admin]

Picking up a few at $9.10-20 or so seems a pretty decent idea to us, these shares are oversold and fundamentally sound.

[admin]

INVN will produce Q1 figures after the close today, but study the chart below (you'll have to click) and you see that since the IPO in Nov 2011, the stock has never traded below $9 while it's basically riding the coattails of Samsung's smartphone and tablet success..

[admin]

Earnings and earnings estimates above. The company has almost $2 per share in cash, no debt, and is cash flow positive.

[admin]

InvenSense^® Unveils World’s Lowest Profile 6-Axis MotionTracking Device

MPU-6521 Integrated Gyroscope and Accelerometer in a 3x3x0.8mm Package

InvenSense, Inc. (NYSE: INVN), the leading provider of MotionTracking^™ devices, announced the MPU-6521 MEMS SoC, which is the world’s smallest, lowest profile, and lowest power 6-axis solution. The slim profile MPU-6521 is targeted for the next-generation of smartphones, tablets, gaming devices, motion-based remote controls, and wearable sensors.

At 6.1mW, the MPU-6521 consumes 60% less power than competing solutions. To enable the precision required for pedestrian navigation and wearable sensor applications, the MPU-6521’s integrated gyroscope achieves low noise performance of 0.01 dps/√Hz. The MPU-6521 MEMS SoC includes the patented Digital Motion Processor^™ (DMP) with integrated MotionFusion^™, run-time calibration, and system-level power optimization features.

“InvenSense is enabling the thinnest consumer electronics on the market. By leveraging our patented technology platform, InvenSense enables lower profile designs while at the same time delivering the performance that competitors can not achieve with their legacy MEMS manufacturing processes,” said Ali Foughi, Vice President of Marketing and Business Development at InvenSense. “With the MPU-6521, we are setting a new industry standard and extending our market leadership.”

The MPU-6521 will be sampled to select customers in Q2’13. For additional information and data sheets, please visit www.invensense.com or contact InvenSense Sales at ales@invensense.com">sales@invensense.com.

About InvenSense

InvenSense Inc. (NYSE: INVN) is the world’s leading provider of MotionTracking^™ solutions for consumer electronic devices. The company’s patented InvenSense Platform and patent-pending MotionFusion^™ technology address the emerging needs of many mass-market consumer applications via improved performance, accuracy, and intuitive motion- and gesture-based interfaces. InvenSense technology can be found in consumer electronic products including smartphones, tablets, gaming devices, optical image stabilization, and remote controls for Smart TVs. The company’s MotionTracking products are also being integrated into a number of industrial applications. InvenSense is headquartered in Sunnyvale, California and has offices in China, Taiwan, Korea, Japan, and Dubai. More information can be found at www.invensense.com.

©2013 InvenSense, Inc. All rights reserved. InvenSense, MotionTracking, MotionProcessing, MotionProcessor, MotionFusion, MotionApps, DMP, and the InvenSense logo are trademarks of InvenSense, Inc. Other company and product names may be trademarks of the respective companies with which they are associated.