After listening to Texas Insturments Conference Call, I am confident that business at Triquint is doing as least as expected, if not better. Triquint gets 30% of revenue from Defense and Wireless basestation business. Texas instruments said these two areas grew sequentially with wireless basestation very good. TI said wireless chipsets were not growing as there is still too much inventory. But, TI doesn't have Apple as a customer. Last year Triquint said that they had to withdraw some of the designs at Apple because triquint couldn't guarantee they could deliver on the higher end of Apple's unit assumptions. Since then, Triquint expanded available capacity and thus, has mentioned that they are getting design wins- but will not say if it is Apple. But, they did say their largest customer (Foxconn) will remain the largest customer as far as they can tell. Triquint says that utilization is their largest component of margin expansion which suggests that they are serious about ramping it out!!
I'm still liking this one. This is a good price to be buying (if Europe doesn't fall apart).
Jwells
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