RFMD released some news during fys Q3 indicating new chips that will go in mass production in fys Q4 or or Mar 10. In addition, RFMD mentioned strong sale continues from December in its last CC on Jan 12. After all, Q3 will exceed expectation with $40 mm new cash for the company.
So, put all of together, a very good Q3 and guided higher for Q4, more cash and much less debt. Can the PPS still stay around low $4? What does ANAD or TQNT have that RFMD doesn’t? If it is cash then 3 more quarters RFMD will be in that position. If it is about revenue, revenue growth and income, RFMD is ahead of all in the sector. So, why is the current PPS a joke? Do the big guys want time to load max at low prices before they let it to fly?
What do you see by next 12 month? 1) RFMD cash position higher than its debt. 2) Less outstanding shares 3) Less interest payment 4) Higher revenue and income