Special Situation Report:
Date: June 1, 2005
Newsbreak !
LG Electronics Selects Genesis Microchip's FLI8532 "Cortez" Video Display Controller for Twelve New LCD TV Models On June 1, 2005, Genesis Microchip, Inc. (Nasdaq: GNSS), a world leader in the development of image processing technologies for flat-panel
monitors, TVs and other consumer display products, announced that LG Electronics, one of the world's leading consumer electronics companies,
has designed Genesis Microchip's highly integrated FLI8532 (Cortez) flat-panel television controller into multiple LCD TV platforms to be
distributed worldwide. In Europe and Asia, LG Electronics is leveraging the new video controller in LCD TVs ranging from 26-inches, 32-inches,
37-inches and 42-inches. In Latin America, the FLI8532 is designed into both the 37-inch and 42-inch LCD TV models. LG's new LCD TV platforms
display the Faroudja DCDi Cinema(TM) brand on their faceplates to denote the inclusion of Genesis Microchip's latest suite of advanced video
processing technologies. Certain models leverage the combination of the FLI8532 with Genesis' other recently introduced video controller,
the FLI8125 or Hudson, to offer integrated Picture-in-Picture (PIP) functionality.
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Our Feature Profile:
(Nasdaq: GNSS)
Company Profile
Genesis Microchip Inc. (Nasdaq: GNSS) is a leading provider of image processing systems enabling superior picture quality in flat-panel TVs and a variety of consumer and PC-display products. Featuring Genesis Display Perfection(TM) technologies and Emmy award-winning Faroudja® video technologies, Genesis system-on-a-chip solutions are used worldwide by display manufacturers to produce visibly better images across a broad array of devices including flat-panel displays, digital TVs, projectors and DVD players/recorders. The Genesis technology portfolio features analog and mixed signal system-on-a-chip design, DCDi® by Faroudja deinterlacing, TrueLife(TM) video enhancement, IntelliComb(TM) video decoding and includes over 185 patents. Founded in 1987, Genesis supports its leading brand-name customers with offices in the U.S., Canada, India, Taiwan, South Korea, China and Japan. For more information about Genesis Microchip Inc. or Genesis Display Perfection technologies.
About Genesis:
Founded in 1987, Genesis Microchip Inc. is the established leading supplier of display image processors. Consumer video and DVD products, LCD TVs, HDTVs, Digital TVs, and LCD monitors all benefit from Genesis’s advanced and patented technology. Headquartered in Silicon Valley, California, the company also has sales, support and development centers in Toronto, Canada; Bangalore, India; Taipei, Taiwan; Seoul, Korea; Shenzen, China and Tokyo, Japan.
Customers:
Companies whose products employ Genesis ICs include leading brand-name manufacturers such as AOC, BenQ, Compal, Dell, EIZO, Fujitsu, Gateway, Hitachi, HP, IBM, InFocus, Legend, LG Electronics, Mitsubishi, NEC, Panasonic, Philips, Quanta, Samsung, Sharp, Sony, Toshiba, and ViewSonic. Customers depend on Genesis for its comprehensive product portfolio that offers all the necessary features with the highest level of quality and compatibility over the broadest set of devices. As the 2002 Fabless Semiconductor Company of the Year, Genesis enjoys a reputation for product consistency and reliability in high volume orders and offers competitive pricing, as well as cost-savings through our patented system-on-a-chip design.
Key Acquisitions:
Genesis merged with Paradise Electronics in 1999, enabling the combined company to create the most highly integrated mixed-signal (analog and digital) flat-panel monitor controllers in the world. In February of 2002, the company acquired Sage Inc., a leading provider of digital display processors, enabling superior picture quality for a variety of consumer technology and PC-display products ranging from web appliances to TVs and flat panel monitors. Leveraging Emmy award-winning Faroudja® technology through Sage’s previous acquisition of Faroudja Inc., Genesis now offers products that bring the home theater experience to the mass consumer and PC-display market through digitally enhanced television, projection displays and DVD players.
Product Portfolio:
As the world evolves from analog display systems to digital display systems, Genesis Display Perfection™ patented digital image-processing solutions make the transition fast and cost effective. Genesis chips will appear in practically every type of digital monitor and video device within the next two years because we provide the broadest range and most reliable solutions in the market. These solutions include OnPanel, LCD Monitor, Digital Video and Digital CRT controllers.
Technology Overview:
The technology developed, acquired and patented by Genesis Microchip, makes the company a clear market leader in the display and video arena. Their portfolio of technologies and patents enables them to provide products and service in several key market segments including: LCD Monitor, Flat Panel TV, CRT TV, DVD and Set-top Box markets.
Corporate Information:
| Company Info: | Genesis Microchip Inc., founded in 1987, headquartered in Alviso, CA, incorporated in Delaware, USA |
| Offices: | Regional offices in Canada, Japan, Korea, China, Taiwan, India; Manufacturing Offices in USA, Taiwan; totaling 450 employees |
| Corporate Mission: | To enable Genesis customers to achieve visibly superior images by employing our advanced, patented technologies across a wide range of display products. |
| Technology: | Display image and video processing technologies |
| Products: | Digital Video Controllers, LCD Monitor Controllers, Faroudja Video Systems |
| Customers: | Leading brand-name display device manufacturers |
| Revenue: | Annual revenues for the fiscal year ended on March 31, 2004: $213,420,000.00 |
| IR contact: | Tonya Chin: 1(408) 934-4565 or tonya.chin@gnss.com |
| Media contact: | Pamela Goncalves: 1 (408) 934-4563 or pamela.goncalves@gnss.com |
| Sales contact: | For regional contact information, visit www.gnss.com/sales.phtml |
Key Management:
- Mr. Elias Antoun, Chief Exec. Officer and President
- Mr. Eric Erdman, Consultant
- Mr. Michael E. Healy, Chief Financial Officer, Principal Accounting Officer and Sr. VP of Finance
- Mr. Anders Frisk, Chief Operating Officer and Exec. VP
- Ms. Ava Hahn, Sec. and Gen. Counsel
SEC Filings:
Edgar search results for all Genesis' resent SEC filings, at: www.gnss.com/sec_filings.phtml
Share Structure:
| Exchange and Symbol | Nasdaq: GNSS |
| Recent Price | $16.55, June 1, 2005 |
| 52-week High - Low | $18.63 (high) - $9.50 (low) |
| Average Volume | 806,441 |
| Market Capitalization | 618.53M |
| Industry Sector | Digital Imaging |
Latest Press Releases:
Contact Information:
| Genesis Microchip, Inc. |
| 2150 Gold Street |
| P.O. Box 2150 |
| Alviso, CA 95002 |
| Main: 408-262-6599 |
| Fax: 905-889-0035 |
| E-mail: pamela.goncalves@gnss.com |
| Web Site: www.gnss.com |
Technical Analysis
Conclusion
Genesis Microchip, Inc. engages in the design, development, and marketing of integrated circuits, called display controllers, which receive and process digital video and graphic images. Its system-on-a-chip solutions are used by display manufacturers to produce various devices, including flat panel displays, digital televisions, projectors, and DVD players/recorders. The company sells its products worldwide through direct sales force, sales representatives, and distributors. Genesis Microchip was founded in 1987 and is headquartered in Alviso, California. We believe Genesis is a solid company with excellent growth potential. All the company has to do is stick to its game plan, and investors will be rewarded in a huge way.
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