Earnings Flashback and Other Driving Catalysts : On August 2, Microchip Technology Inc. reported fiscal first quarter 2013 adjusted earnings per share (including stock-based compensation) of 43 cents, 2.3% behind the Zacks Consensus Estimate of 44 cents and 15.7% below the year-ago earnings.

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If the technology successfully drives costs lower, it could be a welcome boost for Hollywood, which, despite selling the world tales of futuristic sophistication, is as an industry often behind the curve in technology--images are stored on bulky, perishable film stock and large crews of technicians take orders from essentially paper-based offices.

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