High Growth Sectors in the Semiconductor Industry: An Interview with the Executive Director and Senior Analyst Covering Emerging Services and Technology Companies at Oppenheimer & Co. Inc. Andrew Uerkwitz

Wall Street Transcript

67 WALL STREET, New York - October 7, 2013 - The Wall Street Transcript has just published its Semiconductors Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

Topics covered: Cloud Computing - Mobile Device Consumer Demand - Enterprise Data Storage Demand - Energy Efficiency, Cloud Computing and Telecommunications

Companies include: Apple Inc. (AAPL), STMicroelectronics NV (STM), Synaptics Inc. (SYNA), OmniVision Technologies Inc. (OVTI), Google Inc. (GOOG), Verizon Communications Inc. (VZ), Himax Technologies, Inc. (HIMX), CEVA Inc. (CEVA), Spreadtrum Communications Inc. (SPRD), Broadcom Corp. (BRCM), Nokia Corp. (NOK), Nike Inc. (NKE), Cree Inc. (CREE), Rubicon Technology, Inc. (RBCN), Veeco Instruments Inc. (VECO), The Home Depot, Inc. (HD)

In the following excerpt from the Semiconductors Report, an expert analyst discusses the outlook for high growth innovators in the semiconductor sector:

TWST: Can you begin with a brief introduction to your coverage, including some of the semiconductor and semiconductor equipment companies you follow?

Mr. Uerkwitz: I'm a semi analyst, in part only as my coverage group is actually - we actually call it emerging technologies, and it started out as a hodgepodge of companies, but really what we're trying to do is focus on new technologies or companies that are disruptive to the marketplace. An example of that, if we think about a company called InvenSense (INVN): it makes motion sensors, it's disruptive in nature.

The way it would fit is, prior to the Nintendo (TYO:7974) Wii or Apple (AAPL) iPhone, smartphones, tablets - gaming devices didn't use motion sensors, and all the motion sensing manufacturers like Bosch or even STMicro (STM) were selling into other markets like automotive for seatbelt safety and other applications. So the disruption here really was Nintendo introduced the Nintendo Wii with its remote. Around the same time Apple introduced its iPhone, which when you tilted the screen the image obviously turned around, and that's all done through motion sensor. So that's a great example of our coverage group.

That technology happened several years ago; it's still burgeoning or growing, so we continue to follow it. But our ultimate goal is to follow companies that are ahead of the curve. So some of the areas we continue to look at are smartphone, tablet-derivative names like InvenSense and Synaptics (SYNA), which does touch sensors.

We cover OmniVision (OVTI), which does image sensors. But we consider that particular group, what we call human interface, really the area where people interact with machines or devices. So broadly speaking, we argue that display technology is really the first human interface - color TVs and moving on to remote controls and then touch. And we're looking at what's next, and we spend a lot of time not just with our coverage group but with a lot of private companies and trends such as gesture control, wearable tech and wireless electricity.

TWST: Which end markets do you most want to see semiconductor companies exposed to at this point and why?

Mr. Uerkwitz: The markets that we follow most are smartphones and tablets, of course...

For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

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