Wow. What a long QA session. Real questions pushing Avi to occasionally hide (reasonably IMHO) behind trade secret. Nice to see coverage like this finally.
Nice volume. IMHO Avi kept off the + GAAP earnings until it could be sustained Q over Q. It was/is strategic...annoying as hell but strategic nonetheless. Would like to see the focus continue to be on GAAP + earnings and not acquisitions. AOC market looks to be a real driver.
Nice finish...I did not expect that much strength into the close. Huge churn this week. New base established. Looking forward to the open tomorrow.
.... In Datacoms, GigOptix continues to see strong demand for 48Gb/s devices for AOC and transceiver integrator customers. "Furthermore, our latest developed 100Gb/s devices continue to experience strong demand in supporting the next generation of data-center connectivity," says Katz. "Both products are in demand due to the growing number of installed new mega data-centers by the Web 2.0 OEMs. In fact, our 40Gb/s QSFP+ devices have become the de facto standard for active optical cables and transceiver installations with many of those new data-centers," he adds. In first-half 2015, GigOptix shipped about 2 million devices to support the new Web 2.0 data-center installations (slightly more than the total volume shipped in the whole of 2014)....
Big blocks went through 20 minutes ago. Someone is taking a position.
They had the shares on the shelf. Took advantage of the recent share price increase. Too big of a discount though IMHO. They could have tanked a fair bit just with the tide today though so yeah, it sucks but they raised the cash and are in a good position for a small acquisition if they want to continue with the inorganic revenue stream growth strategy. Now the challenge is to see if they can maintain or improve GAAP earnings for Q3 report with the added shares dragging.
So with the recent offering and dilution, what are the odds we are going to maintain GAAP + earnings this Q? Seriously thinking of blocking up but still dealing with the ashes and coals of prior enthusiasm. On a far related note, I believe 8K TVs are going to require GIG like tech but that is a long horizon. Stick to Q3 on comments plz.