TI lowered revenue expectations due to lower demand across most of their segments, apart from Apps Processors which are doing very well.
Excerpts:
Ron Slaymaker:
' I mentioned the one bright spot is Wireless, and there our OMAP revenue is doing very well this quarter. Just as a reminder, we're now seeing the benefit of customer programs that have ramped into production using our latest OMAP 4 processor. Those customer programs include Samsung's Nexus smartphone, which is our first production program based on Google's Ice Cream Sandwich reference design; Samsung's GALAXY S II smartphone, Motorola's DROID BIONIC and RAZR smartphones, LG's Thrill smartphone with its 3D playback and capture feature. And then most recently, the Amazon Fire tablet and the Barnes & Noble NOOK Tablet are both based upon OMAP 4.'
'Well, yes. OMAP is doing better than expected. I can't quantify it at this point in the quarter, but I would just say OMAP is growing very nicely, and we'll have more details for you in January. But we expected good growth out of it and it's delivering even better growth. '
END
No doubt this will be reflected in IMG's H1 royalty volume next week.
Meanwhile, the usual analyst games (UBS, Numis) have commenced in the week prior to interims, with deliberate omissions and distortions of the truth trying to knock IMG - we'll let IMG's numbers and HY do the talking next Tuesday.
Licensing, and royalties will be very strong with positive outlook, Pure not so great but then all the R&D for Cloud/Meta/Ensigma gets loaded into that (otherwise it would be profitable). Will the mystery Tier 1 UCC Ensigma licensee be revealed (or a Broad hint given at the analyst meeting )?
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