67 WALL STREET, New York - May 29, 2014 - 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: Mobile Device Consumer Demand - Enterprise Data Storage Demand - Energy Efficiency, Cloud Computing and Telecommunications - Improvement from Cyclical Bottom - Semiconductor Capital Equipment Spending - Data Growth Trends - Semiconductor Revenues and Demand - Chinese Fabless Industry Growth
Companies include: Google Inc. (GOOG), Microsoft Corporation (MSFT), Sony Corporation (SNE), Intel Corporation (INTC), Nike Inc. (NKE), Atmel Corp. (ATML), Apple Inc. (AAPL), Synaptics Inc. (SYNA), Corning Inc. (GLW), Rubicon Technology, Inc. (RBCN), Himax Technologies, Inc. (HIMX) and many others.
In the following excerpt from the Semiconductors Report, an expert analyst discusses the outlook for the sector for investors:
...everybody is aware of Google (GOOG) Glass. We think there are other companies out there working on products, namely Microsoft (MSFT) I think has one of the neater opportunities, or Sony (SNE) has one of the better opportunities to pair a wearable device with their gaming device.
TWST: What is your assessment of Intel's acquisition of Basis, and what do you think that acquisition means for the broader market?
Mr. Uerkwitz: With Intel (INTC) buying Basis, it really kind of confirms our view in that these devices, as they are now, they're kind of nifty but they don't do much, and I think Intel realized that. And Intel thought that if you could add more and more sensors it makes the device more valuable and it gives you more content, and Basis really understood that. Basis made a pretty good watch, not really stylish, but their watch was one of the most integrated watches with sensors. It did heart rate monitoring and did some other things that really kind of tracked.
And so I think what Intel was seeing there is, "If there is a way that we can integrate our chips with all these different sensors then we could become one of the primary chip providers for the wearable space." Because remember, these wearable devices do not have much of room for parts, and so integration on the chip level will be very important. So I think that's what Intel is seeing there. It's more on the hardware side of the watch, less on the watch side.
TWST: What's your outlook for some additional M&A in this sector over the next several quarters? What types of transactions could we see?
Mr. Uerkwitz: I think what we're going to see is two types. One is we're going to see some of these component makers consolidating on some of these different sensor names. Take like an InvenSense (INVN), for example. They can do four or five different sensors. There are a lot of other things that they may want to add in there. So I think we will see some consolidation on the component side of companies...
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.