traction is some large and new portable applications in GPS systems, cars, mobile assets and potentially military applications. Could prove to be a disruptive part. Motorola, Nokia and Samsung may come up with multi hundred million $ application given some potential new product ideas out there. Look for La Vegas Consumer Electronics show to demonstrate and test new applications. In several overseas cases expect SLAB to not know YET whatthe sample quantities are going into.
I expected more impact to revenues/earnings from the FM receiver business, SLAB seemed to be less than forthcoming about their business trends in the conference call. They admitted to big growth in FM tuners in response to an analyst question but never gave numbers. I think what they were hiding is that some of their traditional businesses are dropping away very quickly, and maybe the ASP/margin has continued to decline on the FM receiver.
I assume the ASP is much higher for an FM transmitter but the volumes are not likely to be that high unless any of those new applications really take off.
The FM tuner will come under serious margin pressure. Only a world-class roadmap will keep the FM tuner business alive and healthy. Yes Broadcast Division is helping to counter-balance so-so revenue from the other business units. All-in-all things will continue "sideways" until something like the AC current sensor kicks in...if it does. SLAB has done a great "PR" job with the institutional holders.
I don' think the new FM transmitter is "disruptive". Just much better value/performance than the crappy old Rohm chip that it replaces. Still ...it's good... and might make some money. At least a positive return on the design investment. So I'll give it a B+