Collins Stewart Maintains Microtune (TUNE) Hold Rating

Collins Stewart analyst John Vinh maintained his Hold rating for Microtune, Inc. (NASDAQ: TUNE).

Vinh said he was pleased to see Microtune's results for the 4th quarter of 2009 beat his estimates, along with Wall Street's consensus estimates.

However, he said the company wouldn't receive meaningful revenues from TV tuners until 2011 at the earliest and that he was waiting for better visibility regarding Microtune's prospects.

Although Vinh maintained his Hold rating, he also said he recommends that "investors remain on the sidelines."

Microtune's 52 week range is $1.32 to $2.70 and the stock closed Friday at $2.40.