DALLAS, Aug. 26, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces a stock report featuring Sigma Designs Inc. (Nasdaq:SIGM). The report briefly notes the company's most recent developments and news, and outlines its financial position, market performance, and comparison against industry peers.
The full report is available at: www.microstockprofit.com/lp/SIGM
Sigma Designs Inc. (SIGM) is a fabless provider of highly integrated system-on-chip (SoC) solutions that are used to deliver multimedia entertainment throughout the home. It offers four separate product lines: media processor, home networking, video image processors and home control and energy management automation products. Each of these product lines contributes to its fully integrated SoC offerings. The Company sells its products into four primary markets which are the Internet protocol television, or IPTV, media processor market, the connected home market, the connected media player market and the prosumer and industrial audio/video market.
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In the report, the analyst notes:
"SIGM on Thursday slipped to a new 52-week low of $7.33, a day after the Milpitas, Calif -based semiconductor maker disappointed with its second-quarter earnings."
"SIGM posted net revenue of $46.7 million for the second fiscal quarter ended July 30, 2011, down $13.9 million, or 23%, from $60.6 million reported in the previous quarter and down $26.6 million, or 36%, from $73.3 million reported for the same period last year."
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