After Sharp Fall, Techwell Revenue Starts to Increase

Author: John Honovich, Published on Mar 14, 2010

Major DVR component manufacturer, Techwell is showing signs of recovery after a steep drop in H1 2010. By Q2 2009, surveillance revenue had dropped 39% year over year (see p.15 of the 10k). Now, Q4 2009, show surveillance revenue up 11.5% over Q4 2008 ($15.4 Million USD in Q4 2009 vs. 13.8 Million USD in Q4 2008).

Techwell's explanation of the sharp decline and rebound:

"** *** ****** ****** ****** ******* *** ********* **** **** with * ******* ** ********* ** ***** ******* *** **** little ********** ** **** ****** *** ***** ********* ***** ******. As * ******, *** ******** ******** ******* ************* ** *** first ******* ** **** **** ...******* *** *** ** *** second *******, ** ***** ** *** *** ******** *********’ ******** for *** ****** **** ** *** **** ******** *************. ********* are *** ********* **** *** *** ****** ****** ** ** pace ** ****** ** ’** ****** ** *** ****** *******."

****************** *** ******* ******** ** ******* *** ********:

"*** ***** ********* *** ********** **** *** ******** ******** ** the ******* ******** ******* *** ***** ****** ** *** **** engineering *** *************. ** * ******, **** *** ********* *** bulk ** ******* ******** ******** ************ ****** ** **** ** taking ***** ** *** ******** *** ***** ******** *******."

** ********* ******** ** ******* ********'* ******* ******** * ******* increase *** ****** **** ********* ** **** ** ******* * shift/growth ** *** ******* ******? ** *** *** **** ** answer **** ******** **** *** *********** ** ******* *********.

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