Dallas, Texas 04/15/2014 (FINANCIALSTRENDS) – Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) the display screen manufacturer with IC design expertise, found itself drop by nearly 14%. Market experts say, the drop is due to the announcement of the sale of the Google Glass, for just one day!
Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) saw its share reach a low of $9, it last saw in September, and the volumes nearing 3 times the daily average. Google’s offer of its $1,500 Explorer Edition of its top of the line, ‘wearable technology’ Glass for public has apparently set the onslaught.
Google Inc had previously offered the Google Glass as a limited version exclusively for developers and early adopters. Now, the company with the same price tag continues to offer the new device for all users.
Google Inc, Inc, in a bid to retain its production sustainability for its current products, which is currently the Google Glass, it has since sought Himax Technologies, Inc. (ADR)(NASDAQ:HIMX) as a back-up source, having partially invested in this stock.
Himax waits for technology adoption
Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) and other users too are eagerly waiting the day Google will announce a more customer friendly price point.
Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) may well see its valuation increase with the entry of the new age wearable internet products.
It’s continued expertise in technologies related to LCD manufacturing and IC Design had definitely helped the Taiwan-based manufacturer some lead time.
As more companies begin forays into wearable internet and applicators, it remains a sunshine era for companies such as HIMAX which have long years of experience and also the technical hardware to develop and deliver solutions as per customized requirements.
However, as per Google Inc, the likely launch of Google Glass is expected no earlier than the middle of the year or towards the later half of 2014.