Brug can be blamed for a lot, but maybe not Yahoo message board mechanics. LOL.
A fly in the ointment over the next 18 months and a real concern will be pure salesmanship by Rfmd on the streets.
Brug mentioned having the design wins was not enough nor the right future products, certainly not insurance that revenues will happen.
Brug understands those OEM apps have to be won, and that the sales team has to make the sales.
Creviston is blaming the fall-off at Samsung to a leap-over in architecture and neither Rfmd or Tqnt legacy having had the products to win their share at Samsung. Creviston said next architecture should see a better alignment with the pure Qorvo product pipeline. Still, salesmanship at Samsung must excel.
OEM's make their decisions not always on the best products available. OEM's need to be sold that overall the solution presented is the best way to produce success in their end product sales and profitability. That does not always mean the best components are a guaranteed win. Those components or integrated solutions still have to be "sold" by salespeople who know how to sell. If I were Brug, I'd be looking beyond adding more design teams to the company roster. I'd be out getting the best salespeople in the business to work for Qorvo, and crank up the sales effort at every OEM out there.
Error: Make that 50% of the guidance shortfall.
1/3 of 140m in IDP for WLSS of March starts the math at $42m for WLSS for March. Down 40% for June means lost revenue of $17m. Down more for September qtr perhaps means loss of $22m in WLSS revenue.
$22m unexpected loss of revenue makes up 50% of the guidance shortfall of $743m versus $700m (midpoint).
Buhaly says 690m to 710m which is a shortfall of 43m from the analysts' 743m.
But here is where the numbers crunch out just in wlss infra which is the main culprit but will bottom in this quarter and start to rise again beginnning in the December qtr.
[ 140m x .40 = $56m in Wlss infra March. Down 40% means $33.6m in June so a lost revenue of 22.4m for June qtr alone, and expected to be down more in September, pushing the loss of revenue perhaps to $30m for the September qtr.]
From the CC:
...what we saw in the June quarter, and we expect wireless infrastructure to be down sequentially in the September quarter.
For context, the infrastructure market provided about one-third of IDP revenue in March. It dropped approximately 40% sequentially in June, primarily to a pause in LTE base station deployments.
From March CC: Steven J. Buhaly - Chief Financial Officer
Thanks, Bob. In the March quarter, Qorvo delivered a robust 46% year-on-year growth in revenue, $634 million when compared to RFMD and TriQuint on a combined basis. Growth was led by mobile, up 61% to $493 million. IDP reported revenue of $140 million, up 10% from the prior year quarter. ]
Been there and it's tough to figure out and painful all the way through, as you say.
sk_, as much as I like your posts, on some of them I think you are following these share price movements too closely and too often. It's really the same interpretation of the unexplainable most days, right?
The dribs and drabs of news and the play of manipulators will be nothing compared to resuming the 2H15 growth (if it happens, LOL.) That news or info or fact is 90 days from now, not that long a wait for the stock to regain its value.
As I think pyro said, and hoo, it's about Asia this year, and probably next year too with China Mobile cranking up the 4G infrastructure again soon, and the Chinese handset makers ramping not only for China domestic regional phones but for exports of global 4G LTE phones. That shift to global LTE of China makers doubles the RF content from regional LTE.
Too many positives are contributing to the growth story of revenues for RF. Even if demand slows for a period, the content growth might smooth out results and the ride for investors.
The trip to Laredo Trump said was to address the Border Control officers who invited him but then said they couldn't invite him; that was about as ingenious as politics can get. I hope he lasts if only to take the staleness out of those who think beating stale Hillary is the focus. Can't get any more boring a race than candidates running against Hillary.
stocks with most exposure in china
by kt_118226 • 5 hours ago Flag
Top S&P 500 companies with most sales from China:
Company Ticker Pct of sales from China
Skyworks Solutions Inc. SWKS, -4.32% 67%
Yum Brands Inc. YUM, -0.84% 52%
Qualcomm Inc. QCOM, +0.55% 48%
Avago Technologies Ltd. AVGO, -2.98% 48%
Qorvo Inc. QRVO, -3.24% 47%
Micron Technology Inc. MU, -1.20% 40%
Expeditors International EXPD, +0.34% 32%
Texas Instruments Inc. TXN, +0.00% 32%
Mead Johnson Nutrition Co. MJN, -0.46% 30%
Altera Corp. ALTR, -0.39% 30%
Look at what happened to KMI (Kinder Morgan). A month ago the analyst came out with a long involved bearish story that dropped the share price to $34 from low $40's, but it had been even higher.
So now the CEO has bought two 100,000 share lots recently and said KMI is ridiculously cheap, and a director just bought 500,000 shares at $35. It pays a 5+% dividend with plans to raise the dividend like clockwork.
The point is the bearish stories work better and more immediately than the high price targets. I know you were tongue in cheek, but the Kinder Morgan bearish story probably deserves a legal investigation.
2016 is supposed to be the year when Qrvo (Rfmd + Tqnt combined product) designs hit the market and those designs are supposed to be significant.
The problem on this msg board seems to be near-sightedness about the share price having fallen from $88. Yes, the stock got ahead of itself, but if 2H guidance is still 55% of CY15 versus 45% for 1H15, then $88 turns out to have been true value.
In my opinion, the RF guys are not quite in the same bunch as the rest of the semis because of the overwhelming revenue dependent on smartphone. As long as the smartphone growth continues, so will the sales numbers. That prevents what was always referred to as the "downturn" in semi demand from affecting RF stocks, although the market may perceive RF now being tied to IOT, even though IOT is "more sizzle than steak" according to Buhaly at B of A June 2.
mustang sallies a dull double idiom, but I agree with the post.
Steady hands at 10 and 2, and buy.
So now, "the great and powerful wizard (don't mind that man behind the curtain)" has returned to his more comfortable long term attitude on Rfmd/Qrvo: bashing it with relentless negativity and posts of ninny aspect.
The real dbr has stood up again after a brief hiatus of several months.
Now the predator on other posters' stock woes and emotions is alive and doing his dirty deeds once again.
Be braced for repetitive negativity, same batch of one-liners, recycled again, and again, and again.
dbr never tires of his own posts and loves to see the same ones.
Unfortunately, stax, your statement was my statement that rang true two and a half years ago, and the equal respect still has lagged, even though many quarters now have been beat and raises.
With oil guys like Chevron and Occidental and the pipeline companies dropping 10%+ the last month, the Qrvo share price rise will be a positive injection.
Boy, what happened to Chesapeake? Down to $8 and dividend suspended. Icahn doesn't hit 'em right all the time. I believe his stake began in the $20's.
Recall all the pumping of Intel by dbr since Spring? The deebering about Intel occurred four posts per day.
I guess the fall from $36 to $29 shut up dbr from deebering about Intel.
The know-it-all post-it-all phenom known as dbr apparently ran out of nonsense. At least about Intel.
I made more money on Rfmd than you ever had invested, period.
Accept you didn't have the bank or the guts to play when you should have and could have.
Above all stop acting superior. Gawd, that gets old.
Please notice mustang is always making money, never losing even a dime, and announcing to the world his sagacity. He is so good he even impresses himself. He's a real mustang, but more like a pompous burro from the pampas.