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Microchip Technology Inc. Message Board

detmarlowe 68 posts  |  Last Activity: Aug 29, 2014 12:13 AM Member since: Oct 13, 2012
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  • detmarlowe detmarlowe Aug 29, 2014 12:13 AM Flag

    Regarding the lawsuit. The court decided that the social security administration did not use the proper process to ensure that they give preference to businesses owned by black people. The court told the administration that they can restart the process of deciding who to award a contract to. However, it seems that they were not required to restart the process, but they could if they wanted to. Here are some things to note about this:

    1) If the social security actually restarts this process, it will take a while probably at least a year.

    2) If it does restart, it does not necessarily mean that UEPS will lose. All it means is that the administration has to make sure they follow the exact process described by law. They may still decide to award UEPS. In many of these cases the same contractor wins, because administrators do not like courts to telling them what to do.

    3). This quarter UEPS let some black people buy a bunch of shares at a discount, so this should hopefully be sufficient to satisfy the legal requirements.

    4). UEPS has done really well with this contract. They use technology that prevents fraud and have saved the government hundreds of millions of dollars. In fact they have saved so much money that the money they saved is more than their fees. Thus, the government is actually making money by hiring UEPS. The social security administration now finds themselves with hundreds of millions of extra money and they would certainly prefer to keep the money coming in. If they give the contract to someone else, they would not have the anti-fraud technology.

    So in my opinion, it is likely although not guaranteed that UEPS will keep this contract.

  • These were excellent results. I just recently jumped into this stock and boy am I glad I did. This is not just an ordinary beat, it is a monster beat. Beating the revenue estimate by 30% does not happen often. Neither does beating the earnings estimate by 200%!

    No doubt, this is a great company and they have found themselves a great field of business to be in. There are billions of poor people in the world, and recently the cell phone manufacturers have been able to build very capable and very cheap cell phones suitable for the poor. Facilitating the ability of poor people to pay their phone and electric bills is going to be an important and fast growing opportunity.

    That solar battery lamp with wifi and a USB charger is a great idea too.

  • Reply to

    Thoughts on earnings?

    by chicadow Aug 28, 2014 12:26 PM
    detmarlowe detmarlowe Aug 28, 2014 5:05 PM Flag

    Earnings were great. Outlook was great.

  • Reply to

    Reasoning for selling into rally

    by locatedmyballs Aug 28, 2014 8:53 AM
    detmarlowe detmarlowe Aug 28, 2014 4:55 PM Flag

    In my opinion results will get better over time and so will the stock price. The advantage of an unknown small cap that is doing very well is that when it posts good results it becomes better known, and the stock appreciates because of the better exposure as well as the better results.

    These are the conditions that make for major gains. Now I am not going to promise you major gains, many things can go wrong. But what I am saying is that this company has the conditions for major stock price gains.

    And the nice thing is you get an unheard of 6.4% yield while you wait for said gains. In this economic climate this is pretty amazing. Many people buy bonds of shaky third world countries to get this type of yield.

  • Reply to

    I think the recovery in the business makes us a

    by ta_iss_a_gum Aug 28, 2014 10:04 AM
    detmarlowe detmarlowe Aug 28, 2014 4:49 PM Flag

    At our tiny market cap there are literally hundreds of potential acquirers.

  • detmarlowe by detmarlowe Aug 27, 2014 6:12 PM Flag

    I have to agree with everyone else on this board, this was a great quarter. It is really puzzling why the price was falling leading up to this report. I would chalk it up to the bad performance of the microcap indices in general and the inherent volatility of microcaps.

    Let me point out some things about this surprising report that others have not mentioned yet.

    1. This is their weakest seasonal quarter. If they get 20% revenue growth in their weakest seasonal quarter, things should just go up from there.

    2. They increased their margins yoy and sequentially. The fact that they even increased their margins sequentially is a big achievement considering this is their weakest seasonal quarter and is coming right after their strongest seasonal quarter. This means that demand for their products is increasing and Concurrent can and do get good prices for said products.

    3. They increased their cash by 6 million dollars even while paying their amazing 6% dividend. Look for another dividend hike soon. They have way too much cash for their market cap.

    4. The fact that their products are used by several formula one teams is very important. Formula one is probably the most competitive environment for an auto engineer, or even any mechanical or materials engineer. Everything a F1 uses has to be the best, and best performing. And competition is so fierce that if one team has an even minor success with anything, all other teams copy it. The fact that Concurrent's OS is used not in one but in several F1 teams means it is the best solution bar none.

    Furthermore, it is well known that formula one innovations tend to flow to the large car manufacturer. Look at any modern car and a lot of its features came from formula 1. Concurrent's popularity with the formula one teams should open the door for them to enter add most major car manufacturer's as clients.

    Overall great quarter for CCUR, and I am so glad I held on to my shares.

  • I wonder who is the lucky girl?

  • Reply to

    SPIL to take over promos 12 inch lab ...

    by detmarlowe Aug 19, 2014 4:52 PM
    detmarlowe detmarlowe Aug 19, 2014 5:04 PM Flag

    After some further research it seems that Promos took most of the equipment out before selling the fab. So really the only thing left is the cleanroom. It is possible that SPIL will use the cleanroom for packaging/assembly and testing and will not enter the fab biz. In fact this looks like the most likely scenario.

  • Any industry experts have any comments on the above? English press news on the subject are very cursory. It is rather unusual as SPIL is supposed to be a backend company, like IMOS. Is SPIL entering the foundry business now? If so, will they make memories or will they make something else?

    I am thinking if SPIL use it for memory or display drivers they will likely use IMOS to do the packaging. If they decide to do something completely different, SPIL will probably do the packaging themselves.

  • Reply to

    real earnings

    by generator77 Aug 13, 2014 11:35 AM
    detmarlowe detmarlowe Aug 13, 2014 5:03 PM Flag

    I like the fact that they do not report non-gaap numbers. It means they are trying to keep the stock price down which probably means that they are planning on doing a large buyback.

  • We beat on EPS, beat on revenue and beat on both EPS and revenue outlook. The #$%$kicking continues.

    Actually guys, I was worried about this and next quarter, because we are in transition for airmax, and spending tends to go down when you are in transition (as people tend to wait for the new models). But the results today removed all my worries. We are getting record sales while waiting for the new airmax gear to arrive, and when it arrives .... i guess sales will be even better then!

  • Reply to

    Now Putin Has Sanctions On US!

    by flashingscimitar Aug 6, 2014 4:13 PM
    detmarlowe detmarlowe Aug 6, 2014 8:58 PM Flag

    Is Ubiquiti equipment included in the sanctions list? I do not believe this is the case. It seems that sanctions are only agricultural thus far. Putin is not stupid, he will not ban something that helps his country.

  • Beats on EPS, beats on revenue (by far), beats on next quarter EPS outlook, beats on next quarter revenue outlook. PARTY TIME!

  • Reply to

    Excellent quarter!

    by detmarlowe Aug 4, 2014 5:47 PM
    detmarlowe detmarlowe Aug 4, 2014 8:10 PM Flag

    There is a press release out now. I originally saw it in my schwab news feed.

  • detmarlowe by detmarlowe Aug 4, 2014 5:47 PM Flag

    Q2 earnings per share - BEAT
    Q2 revenue - BEAT
    Q3 earnings per share outlook - BEAT
    Q3 revenue outlook - BEAT
    FY 2014 revenue outlook - BEAT

    Beats across the board. EPAM continues to kick #$%$. This will remove any uncertainty from Ukraine.

  • Is it any good. I hope they have learned their lessons from the utter disaster that was the ultra. I am not going to believe the amazon reviews, because ultra got a lot of great reviews but turned out to be very disliked by consumers.

    Leapfrog are great at making educational software for little kids, but it is getting apparent they are not very good at hardware or the system level software (such as operating systems, etc.)

    So if they can take care of this lower level stuff, they can have a high quality platform on which they can deliver their software. But if it takes one minute for the darn thing to open an app, or the wifi never works, nobody is going to care how good their application software is.

    So I am very curious if the leappad 3 is actually fixed. I would get one myself, but i do not need one (alas i do not have a child) and i am very weary at throwing more money at this company.

  • Reply to

    SYNA F14Q4 EPS $0.89 below estimate $1.41

    by best_ivideo Aug 2, 2014 8:45 PM
    detmarlowe detmarlowe Aug 2, 2014 9:38 PM Flag

    The estimate was for non-gaap. All estimates are for non-gaap unless they specifically say otherwise. SYNA beat the estimate by five cents.

  • Reply to

    Did the Deal Fall Through?

    by midasrahodeb Jul 25, 2014 9:48 AM
    detmarlowe detmarlowe Aug 1, 2014 4:07 PM Flag

    There was no deal. Just negotiations. I guess the negotiations are not going well. They would not be doing the management reshuffle they just did if they were about to sell the company. If you are selling you let the purchaser reshuffle management any way they want.

    I have no inside knowledge but from the press releases issued by the company it seems like they are tightening their belts and getting ready to try to survive on their own.

  • detmarlowe by detmarlowe Jul 31, 2014 4:59 PM Flag

    These are really good numbers. They are even better than the preliminary numbers announced in June. This pretty amazing because those preliminary numbers were themselves much better than the previous guidance provided in the last earnings report.

    Mind you this is without the contribution of Renesas, which is going to provide really nice earnings next quarter with Apple ramping production.

    If you are worried about the forward guidance, don't. Synaptics tends to under estimate forward numbers, so I am sure they will hit the numbers once the quarter comes around.

  • Reply to

    hi bagholders broke yet?

    by jonubrokefoolzzkellyz Jul 30, 2014 1:38 PM
    detmarlowe detmarlowe Jul 30, 2014 3:13 PM Flag

    Remember when you were shorting this in the 20s? That is what I call "ouch".

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