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PXLW has reached its 52-week high price each of the last two days. |
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Released on Wednesday, August 8, 2012, 6:30 AM ET
Pittsburgh, PA (SpeculatingStocks) - Pixelworks, Inc. (NASDAQ:PXLW) is an innovative provider of powerful video and pixel processing technology. The company is a leader in project technology with their integrated circuits and software delivering strong image quality, advanced processing and rich features.
The company during mid-July reported second quarter revenue of $15.5 million, compared to $14.3 million in the prior quarter. The sequential increase was driven by improvement in the demand for the company's products sold in the digital project and advanced TV markets.
PXLW experienced a significant year over year increase in sales of their advanced TV solutions. This is something that looks like it is attracting investors into PXLW shares. The television continues to be the next frontier to be conquer with Apple expected to put out the iTV possibly early 2013.
There have been 12 insider purchases of PXLW shares over the last 6 months. This is a strong sign of a bullish situation brewing with PXLW shares.
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