Emmis Communications Corp. Message Board

Check the support forum...I'm not exaggerating.

Possibly ....but 4/4s for sure.

For those of you that have done your homework you know that Necip's track record at Silabs was spotty at best. And check out SLAB annual revenues under his tenure. Not so great. - All hat and no cattle.

Generates a lot of cash? Why are 30% of the workforce gone in 1 year? Why is there debt?
Intersil's culture is top heavy and un-talented. Necip has his work cut out for him.

Well that's obvious datagrinder...but in it's current form ISIL is not a good deal. So your post-pruning ROI could be anything. How and when do you cut? Either way it seems like more cuts and re-org are on the way unless top-line revenue turns around soon.

I think you have to look at basic financial metrics when deciding when a company is sellable. There is no doubt the dividend payment is a bribe to keep the stock price stable. The PE multiple is astronomical and not getting any better and the layoffs are a look into the future of what management sees regarding revenue. Necip has his work cut out for him. Expect more "cleanup" from him as he gets settled in and makes the call on how to proceed. He *will* make changes.

Here's a prediction for you: Necip doesn't last 4 years.
Laugh all you want....but I might be right. :-)

So you went from short to long eh? :-)

I'm his son. I still use the uA709 op-amps my father designed. :-)

There are a couple of VP's that have been flying below the radar. They need to be gone as well since they have no track records of turning a sinking business around.

It will be interesting to see if Necip figures out who the non-leaders in the VP ranks actually are. One thing is for sure, it won't be as easy at ISIL as it was for him at SLAB.

As long at the P/E is in the 100's it is not much of a cash flow play. But yes you are correct industrial products typically have long cycles, high margins, and sleepy growth. But what percentage of ISIL's revenue is actually generated by these premium products? I would not include computing power as a stable or high margin business. It can be high run-rate but it also has a lot of volatility and probably low margins as well. There is only room for ISIL in the industrial markets if they come up with truly innovative products. The latest 24 bit sigma-delta converter is years late. TI already has this covered by the ADS1282 product line which they sell at a decent margin. So yes...industrial is a nice cash cow but TI is a big player as well at LTC, ADI, MXIM. It's just not *easy* anywhere in the semi-business of today ...regardless of the market.

Tell us something we don't know.

JD is just trying to make next quarter's numbers a little less abysmal.

Why would anybody want the job? Not a high point on your résumé.

Blowhard Bell is gone. That's good news.