NEW YORK (TheStreet) -- Apple (AAPL) dominated the StockTwits' streams Friday. But the talk went beyond the headlines concerning Apple's potential buy of headphone maker Beats Electronics. By midday investors had shifted focus to how an Apple partnership was working out for Pixelworks (PXLW).
$PXLW Is not fading finally. Revenue shows that Apple is for real here and with them buying competitors this year - just an added bonus.? Nosh (@Nosh) May. 9 at 12:37 PM
The video display chip designer was among the top trending companies on StockTwits.com by early afternoon. It reported a lower first quarter loss than expected Thursday evening on higher-than-anticipated revenues. Shares climbed nearly 10% by midday.
The company is small with just a $121 million market cap. But it has big clients. Sales to Apple and NEC make up more than 10% of its revenue each. Sales to Hitachi, Panasonic and Epson also each made up more than 10% of sales, according to an SEC filing.
More importantly, it boasts technology that promises to bring the video quality of large screen televisions to mobile devices. On the earnings conference call, CEO Bruce Walicek said the company would launch the technology in "sampling devices" this quarter. "This will be the industries first video display processor that brings the video quality of large screens to mobile screens," Walicek said.
Crisp mobile displays are considered particularly important for Apple, which has driven demand for high resolution screens on portable devices with the "Retina display" on its iPads.