The way he stated it is they didn't have it ready in time so I took that as they paid for their mistake. Bad job!
I think it is what they said, softness in the quarter which is acceptable and not having their component ready for a refresh cycle for 1 of 2 components for their largest customer which is a big mistake.
Add to that another product which they had a component in which the same customer pushed out to 2015 and any offset of the component loss will not exist in 2014.
The worst part is apparently this person went to multiple boards to do the same thing.
Unhappy person apparently.
Agreed schneider356, the Babe pointed at the stands 4 times at the plate and took a golden sombrero today.
It is what it is and we move on.
One loser here and it's you.
You created this ID today for the purpose of kicking people while they're down?
In a word, PATHETIC.
Karma will shine upon you if it already hasn't.
I plan on holding shares but I'll also be selling some. I know refreshes happen all the time as the CEO said but you have to be ready when with everything for your biggest customer. You can't miss a refresh.
They did and that's history which they will pay for going forward as will shareholders. They now need to make sure this doesn't happen again and that the component is ready for this customers other products.
I'm glad given the circumstances that they provided 2nd half guidance.
dach, I can't say I saw that component miss coming although the price action sure looked like more than a miss. Softness and a miss of a key customer component make it a double whammy.
I wish I sold more near the highs but will most likely be freeing up some shares soon until if and when the dust clears.
He was asked that specific question towards the end of the call and the answer was something like the dividend policy still exists. My takeaway was it's still in place until it isn't.
There's really no reason for them to change it since even within the policy they can decide to pay out nothing since it states they an pay up to 50% of operating profits I believe and there is n minimum amount.
Basically two thing went against them here, they saw overall softness in the quarter across their customers but they also weren't ready for their client with the one component they lost. You can't blame them for the first but you can certainly blame them for not having their component that they lost ready for refresh.
This was obviously being priced for a miss, some softness but not for this necessarily. I'm disappointed they lost this component on this product and they are actually projecting a negative growth year at the mid point of $71M.
Not that anyone wants to hear it but the CEO projected a five year $200M revenue within reach and a 22% compound growth rate.
It's actually less than that since if you add in long term marketable securities they have $7.41 per fully diluted share in cash but the market looks forward and if it's slowdown city that won't matter.
and it doesn't exactly sound like he'll be talking up the short term. The question for many will be how short term is short term.
I meant while I certainly care about tomorrow's data I really care about what they have to say about the business and the long term look forward.
So let's just see what the latest data point is and hear Management's words tomorrow.
It's one data point so while I certainly care about it but what they have to say about the pipeline and long term look forward will be most important.
I know you meant 100k in volume pancakeman and with over a half hour to go we are there.
Closing price won't mean much but your other prediction is still possible.
No, Not that meaningful (Q2 revenue).See what their deferred revenue is and what their guidance is for the full year and for 2015 and discussion of business of business very high level with AAPL and almost as or more importantly with the other business lines: Merlin, HiCz, ASF backlog, solar in general, consumer electronics and oh yeah Hyperion. Maybe not a lot of new news so in the short term 2014 guidance will be key.
Well so far they closed a 9 month old gap up that was at $36.34. Not that I am a great believer in that mumbo jumbo but chances are they'll try and take it lower later today like they have recently.
Zack's is right up there with the likes of Wall Street Cheat Sheet and some writer's on Motley Fool for rag of the Year.
Zacks suks sacks IMHO.
OK I stand corrected but its the same idea as you acknowledge.
There's lots of small and micro caps 30-50%+ off their highs but I doubt more than a handful rival SILC for their revenue AND real profits but such is life the market always looks forward as they say which still looked very good for SILC the last time they spoke.
Two trading days away from the earnings release/call.