They provided some supplemental information on their website. I urge anyone that is interested in shiloh to look it up. Go to investor relations and look for "supplemental information."
Their adjusted Ebitda is growing very well. Furthermore, they finally showed us who their clients are and it appears they serve most of the industry.
ROFL, did you just call TSEM fabless? I am sure you will find that they are rather fabfull. In fact they are all fab. Their main business is fabs.
Otherwise you have a lot to learn about semiconductors. But you are right that AVGO and SWKS have some really nice technology where they are very well defended from competition. NXPI not so much. Some of their wireless tech is very advanced but they are very vulnarable in micro-controllers and sensor hubs. Both of those are getting commoditized quickly.
I think it is pretty good. 10% growth is not bad for the off season. Also considering last January featured 10% growth as well.
Syna's TDDI chip is already out in mass production. It is in the ZTE S6 Lux. However, they have a more advanced version of their TDDI chip coming out in the near future and they may be contracting IMOS for that one. Syna does not have their touch sensor in the iphone as of now, only the display driver. And the iphone does not use tddi.
However, it is very possible that SYNA will sell both the display driver and touch sensor for a future iphone and use imos to test and package them.
I also think getting SYNA business will be huge because they are way ahead with their TDDI technology and it will be very good for IMOS to get expertise in it early.
Revenues missed expectations slightly due to currency swings, but earnings still beat. The earnings would have been an absolute blowout if it wasn't for the currency swings. Furthermore, they provided very good forward guidance in their press release. Guidance was significantly above analyst expectations. This may be a 5 forward P/E stock.
I do not really believe that you have any shares to drop like a hot potato. If you had shares you would not be hoping for the price to fall to $8. I miss the 50's too. But I think they will be making a comeback.
The company is not stealing cheap shares from me. I haven't sold a share. But perhaps they are stealing cheap shares from the shorts. That would be funny.
By the way the fact that the stock is off from the all time highs does not mean all that much. Almost every stock out there is currently off its all time highs.
Fatty does not come and go. He just stays here. When this company is selling for $100 per share fatty will be here explaining how it is not worth any more than $5 per share.
I thought it was pretty good. They are finally pushing out some of the products they have been talking about. I really like that AC point to multipoint is finally coming online. This will boost the lagging service provider results.
Also it seems that they are guiding very conservatively now and taking into account the possibilities of national disasters into their guidance.
By the way, when I say earnings grew for the entire year, I mean adjusted earnings. There was a large one time tax benefit in 2013 which should naturally be ignored in year over year comparisons.
Ok, I will go and compare.
2012: Revenues 46,611, net income 9,641, net income per share (fully diluted) .34.
2014: Revenues 85,987, net income 17,061, net income per share (fully diluted) .90.
It doesn't look like 2012 was as good as it got. It looks like it got way better later.
Fatty is lying through his teeth. At this point I usually stop replying, but just in case some person new to AFOP stumbles on this discussion and wonders what the truth is, here is how to check it:
Look at today's AFOP press release that announced earnings. You can find it in yahoo under "headlines" or "press releases" or on AFOP's website under investor relations. Scroll the press release all the way to the end. You will see several tables. One of the tables lists share count for this past quarter and previous quarters. You will see that the share count decreased from the previous quarter. The buy back was only announced during this past quarter.
Yes for this particular quarter revenues were down yoy. But for the entire year both revenues and earnings grew. And most importantly, they projected revenues to grow sequentially next quarter. Pretty soon we will be back to yoy quarterly growth. And for a 14 P/E tech stock (11 P/E when you exclude net cash) this is not bad at all.
I can just smell the desperation. You should have covered your short, fatty. The time came and went. We are back to growth, we are consistently profitable (even during the last two "light" quarters) and we have plenty of cash and are generating more.
There is no dilution, by the way. There is a buyback and the share count is going down.
Guidance is good. They also said they see that revenues will continue to increase in the first half of 2015. So we will probably see even higher revs in Q2.
Seems like they are turning things around. It is good to see they are still growing earnings yoy and are still solidly profitable after their foundry abandoned them. Looks like they are dealing with the foundry issues and will ramp up growth as the year progresses.
Starboard are clever to come in at the time they did. They know the company is on the path of significant improvement. Now Starboard can take credit for said improvement even if it would have happened without their help. My advice to Starboard is not to make too many waves. Management is not doing badly, there is no need for a proxy fight. Starboard should reach an agreement with management to (1) ensure there are no more acquisitions and (2) send most of the cash on the books back to the stockholders. This and solid execution should be enough to see our stock double or triple.
Aldrich addressed QRVO without calling their name. I believe he said something to the effect that he is glad there was a merger because unused manufacturing capacity was reduced which made prices more rational (i.e., higher) and they were able to hire some good engineers that were laid off from the merger.
There is also the below quote which may also refer to QRVO. So it is pretty clear that QRVO are not quite at the SWKS level technology wise. I believe neither TWNT nor RFMD were anywhere near the SWKS level technology wise and the combined company isn't. If you look at phone teardowns, RFMD and TQNT tend to win the low cost 3G if anything, while SWKS and AVGO are usually in the 4G chips.
It seems that the only company that can compete with SWKS now is AVGO. If you want to form an ETF hold those two.
They had a lot of new things. The most important, IMO, is that they revealed their first and the worlds first integrated sensor/sensor hub chip. This means that INVN is poised to take over the sensor hub segment of the market currently dominated by NXPI.
And yes, they showed new microphones from the microphone acquisition. They have finally been able to combine the microphone technology of the acquired group with INVN's advanced MEMS manufacturing technology. Hopefully we will see significant number of microphone sales next year.