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Cirrus Logic Inc. Message Board

bot_feeder 113 posts  |  Last Activity: 16 hours ago Member since: Sep 13, 1999
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  • bot_feeder bot_feeder 16 hours ago Flag

    No doubt the merger of two of the giants in the power semi business will lead to one awesome merged company, but I still think what they paid is insane.

  • Can't believe what this thing is fetching, but more power to you. Anyway, I don't regret missing out because my calculations would not in a million years lead me to believe this thing would go up to this level.

    Plus, I made a killing on IRF once myself. Bought at 4 9/16 (yes, back in the fraction days) and sold at around 13. Kicked myself when it went on up to 30 or 40 after I sold, but what the heck, I still made out well.

  • It seems to me Infineon is paying insanely too much for IRF. But even though I am not an IRF shareholder, this deal makes me excited. Because I own stocks of other small to middling players in the semi business, which I believe are at good valuations. But my hope that they might get bought out at a big premium is tempered by my concern that they would be viewed as too expensive at such a valuation. Well, if someone's going to pay this much for IRF, then someone out there can certainly afford to pay the share price I hope to get on my other tech stocks.

  • bot_feeder by bot_feeder Aug 19, 2014 10:18 AM Flag

    Can't believe this thing is near 20. I consider it a borderline buy at 5 bucks. Those who rode it up, congratulations, but I still believe there is no rational basis for that rise, so it seems to me there is a risk it will drop back to something more in line with fair value which I believe is around 5.

  • Reply to

    Need help with call transcript

    by johndhope2003 Jul 27, 2014 1:19 AM
    bot_feeder bot_feeder Aug 19, 2014 10:16 AM Flag

    MTSN seemed too pricey to me around 3, but now it looks interesting. I listened to the conf call and the business prospects over the coming quarters look really good. These guys sound like pretty smart dudes to me.

    Yahoo's tabulation of analyst predictions of revenue growth appear consistent with the very bullish business outlook.

    I'm in.

  • bot_feeder by bot_feeder Aug 18, 2014 2:23 PM Flag

    Rather small company but the business looks to be doing well and they have a stellar balance sheet.

    It sounds like the products these guys do are more in the "old fashioned" segment of electronics- components that perform fairly simple function as opposed to massively integrated circuits.

    Nevertheless, there seems to be an ongoing market for this stuff.

    Seems to me to be a low-risk (because of the balance sheet) value tech stock. I'm in.

  • Reply to

    backend

    by bot_feeder Aug 14, 2014 12:58 PM
    bot_feeder bot_feeder Aug 16, 2014 12:49 AM Flag

    I was just looking for good values in the semi eqt business, without regard to what stage of the process their eqt is involved in.

    But it is probably not a coincidence. It is probably that backend processing is generally not as visible or exciting a business to the investment community as front end. Also, the giants of semi eqt, like AMAT & LRCX, I believe are predominately front end. Those seem fairly expensive to me; probably because their large size makes them more attractive to a broader investor community.

  • Reply to

    The positives as a result of yesterdays earnings...

    by fnsrmsft Aug 14, 2014 12:31 PM
    bot_feeder bot_feeder Aug 14, 2014 1:36 PM Flag

    OCLR looked depressing enough to me to stay out, but the things you point out make the picture all the more grim.

    I think this thing is headed for doom. Still, I would never short a stock, in a case like this because there is always a chance they get a buyout on the cheap, in which the final stock price could wind up a little higher than it is right now.

  • bot_feeder by bot_feeder Aug 14, 2014 12:58 PM Flag

    It occurred to me that the three stocks I own (KLIC, TER, and RTEC) in the semi eqt sector that appear to me to be good solid companies with great balance sheets and good value stock price all happen to make equipment for the back end of semiconductor processing. KLIC and TER pretty much totally so, while RTEC does both front end and backend but the backend having grown to about half of their business.

    That makes me all the more upbeat, because it appears that backend will be the higher growth segment of processing compared to front end as increasing challenges of Moore's law lead to more focus on backend technology to continue the evolution of integrated circuits.

  • Reply to

    buyback

    by bot_feeder Aug 12, 2014 10:05 AM
    bot_feeder bot_feeder Aug 14, 2014 12:52 PM Flag

    The US taxes foreign income, but only if it is transferred from the foreign country to the US. If a US company wants to do a buyback, the money has to reside in the US, in other words, if it is located in a foreign country it has to be repatriated to the US and then it is subject to US corporate income tax.

    However, I'm not sure what the rules are for a foreign company, since someone pointed out that Kulicke is based in Singapore.

    Perhaps it still is required to transfer the money to the US and pay US corporate income tax if it wishes to do a buyback since it is listed on a US stock exchange?

  • Reply to

    Slowly DYING!!!!!

    by kbuttowsky Aug 13, 2014 11:02 AM
    bot_feeder bot_feeder Aug 14, 2014 11:11 AM Flag

    One thing you should consider. When a company gets shaky, customers are liable to get nervous. This can lead to a death spiral. Company drops, customers lose confidence, stop buying product, that makes the company drop further, and the cycle continues until the company is dead.

  • Reply to

    4K picking up

    by byronangel Jul 25, 2014 9:40 AM
    bot_feeder bot_feeder Aug 14, 2014 10:36 AM Flag

    By the way, I could never figure out what the heck is this 4k expression? Video that is double the resolution in each direction as HD is about 2k pixels x 2k pixels. It seems like it thus ought to be called 4 meg. Or maybe Just "4 video". But 4k? Doesn't make sense to me.

  • Reply to

    4K picking up

    by byronangel Jul 25, 2014 9:40 AM
    bot_feeder bot_feeder Aug 14, 2014 10:35 AM Flag

    Since cable and broadcast isn't even 1080p yet, I guess the 4k is for the gamers market?

    It gives me a bit of pause that the market promise of high speed data technology hinges quite a bit a bunch of adolescent morons playing video games, but hey a market's a market.

  • bot_feeder by bot_feeder Aug 14, 2014 10:31 AM Flag

    The derelicts of the optical business like NPTN and OCLR are tanking lately. Wonder whether the products of any of these dogs are adjacent enough to INFN's product line that there would be any synergy in buying one of these companies. But I guess the bottom line is that so long as INFN has leading-edge products they are developing, they need to keep their eye on the ball.

    Can't wait till they intro their metro product. I guess one would assume it would be called something like ATN-X?

  • bot_feeder by bot_feeder Aug 14, 2014 10:16 AM Flag

    Would a buyout like this be able to get approval of US govt?

  • Reply to

    Chinese will take this over at 5x todays value

    by newtowntractor Aug 14, 2014 10:02 AM
    bot_feeder bot_feeder Aug 14, 2014 10:14 AM Flag

    You make a good point. I haven't followed OCLR much, but it does seem to me that their one main hope may be if they can get bought out by the Chinese. Their dirt cheap product prices may be a negative factor to the company as a western for-profit entity, but the Chinese may just want to buy them to "pick their brains" and have optical technology available to their data and comm industries that would take years to develop if they tried to do it themselves.

  • Reply to

    oplk

    by bot_feeder Aug 14, 2014 10:06 AM
    bot_feeder bot_feeder Aug 14, 2014 10:08 AM Flag

    Little optical hardware companies like NPTN and OCLR can't lose money forever. Sooner or later they have got to go belly up, or else get bought up for pennies on the dollar as investors in those stocks resign themselves to the fact that all they are going to ever salvage is a few cents for every dollar they invested in the stocks.

    Not that I am advocating OPLK buy those companies. If the main "asset" you acquire is just a bunch of red ink, then it's not a good deal.

  • bot_feeder by bot_feeder Aug 14, 2014 10:06 AM Flag

    Noticed NPTN and OCLR tanking recently. Someone on OCLR board said all these small opticals should merge. One he mentioned was OPLK. Of all of those this is the one that looks to me most likely to be a good investment. Strong balance sheet, good projected growth rate.

    If some of the little optical hardware companies go belly up, that ought to help gross margins, right?

    It is insane for high tech products to sell at 10-20% gross margins! High tech products ought to garner at least 40% gross margins.

  • Reply to

    NPTN finally serious on cutting costs

    by tradestoxx1981 Aug 7, 2014 8:14 PM
    bot_feeder bot_feeder Aug 12, 2014 11:49 AM Flag

    I think they are so good at cost cutting it won't be long before they can cut their costs to zero.

  • Reply to

    buyback

    by bot_feeder Aug 12, 2014 10:05 AM
    bot_feeder bot_feeder Aug 12, 2014 10:06 AM Flag

    So long as the US government insists on punishing companies for investing in the US instead of overseas, then a company like KLIC should avoid investing in the US.

CRUS
23.91+0.27(+1.14%)Aug 20 4:00 PMEDT

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