Well I don't think any longs are doing well right now! But from where I'm sitting, it seems to be shaping up almost identical to last Q. But the Q just started. At at some point we'll bottom and at quick look at the chart tells you where most of the support points are. But until it bottoms and turns north there's nothing to do. Volume has been pretty strong and I'm hoping it means most of the weak hands are throwing the towel in. When you watch level II there seems to be a real battle going on. It just seems like someone working really hard to push this thing down.
I think everybody needs to go back and carefully read the press release below which BTW is less than 30 days old. These are some pretty strong words for any company but particularly for RFMD. IMHO they're telling you margin expansion is on track, that the shipping of the new and improved CMOS product ramped in Aug. and their expanding manufacturing capacity. What more could they say? I would find it hard to believe that everything change in 3 weeks. Not to mention how foolish they'd look to have to guide down after just saying their expanding. But then hey, they've looked foolish before.
GREENSBORO, N.C., Sept. 23, 2013 (GLOBE NEWSWIRE) -- RFMD (RFMD), a global leader in the design and manufacture of high-performance radio frequency solutions, today announced it has successfully completed a recently announced expansion of its test, tape and reel, and assembly facility, located in Beijing, China. In addition to newly qualified internal assembly capacity for power amplifiers (PAs), switch-based products, and antenna control solutions, RFMD is also qualifying advanced flip chip capabilities for its 2G, 3G, and 4G LTE and TD-LTE products.
RFMD anticipates the expansion will enable it to quickly accelerate internal assembly to accommodate broad customer demand for its expanding portfolio of RF solutions. The capacity expansion efforts and resulting increase in internal assembly are expected to contribute to RFMD's stated goal of expanding non-GAAP gross margin by 300-400 bps by the March 2014 quarter, as compared to non-GAAP gross margin of 34.4% achieved in the March 2013 quarter. On August 26, 2013, RFMD announced it was on track to achieve another major gross margin expansion initiative -- the ramp of its new low-cost CMOS PA for entry market 2G handsets.
RFMD's high-performance RF solutions are broadly adopted across multiple growth markets and applications, including smartphones, handsets, tablets, notebooks, Wi-Fi, CATV, and hi-rel appli
I bailed this afternoon on my extras, 10k @ 5.6 thinking there was not enough info about RFMD and the iphone. The funny thing is Digitimes was very specific in naming RFMD so I have no idea. The sad thing is I purchased my extras way to early in the Q @ 5.35 only to watch it fall so much farther, CR@P!!
I think some thought needs to be given to when exactly revenue is booked. My point is this and I'm spit balling here. If parts for some of these phones you just listed were ordered in q3 then when exactly is the revenue booked. Lets say I order in q3 and some parts are shipped towards the end of q and more shipped in q4 then obviously there's a split of revenues per Q for the vendor (RFMD). I've never fully understood how long is takes to make a lot of phones although I'm sure there's a schedule. You can't order a 5s until the 20th so when exactly do they start making them? I'm thinking if I'm Apple or Samsung I don't want to be charged for these parts until I start earning income from my phone. And I'm sure these boys are dictating sales terms, something like; I agree to order from you but you WILL bill me according to my schedule not yours.
I can't help but believe that this cycle is always the same so there must be some sort of formula for determining this based on phone availability date.