STI adds SIMG to Equity Trades Portfolio

As described in this week’s edition of Smart Tech 50 Weekly Movers, we are initiating a position in small-cap company Silicon Image, Inc. (NSDQ: SIMG) due to its favorable position in the “Internet of Things” and recent minority ownership stake from STI Investments Portfolio current buy recommendation Qualcomm. As we stated in the article, “We view this transaction as a good sign for both SIMG and Qualcomm. It only cost Qualcomm $7 million to make this purchase, a tiny deal by their standards but one which gives them a leg up on eventually acquiring all of SIMG in the future if it wants to. And even if that doesn’t happen, having Qualcomm as a customer ensures SIMG of always having a ready buyer for its products in a huge market.” Buy SIMG up to $8.00


Stock Talk

Add New Comments

You must be logged in to post to Stock Talk OR create an account