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From: FUBHO10/1/2017 2:53:17 PM
   of 1138
 
Last week of SHYSTER law firms polluting my portfolio news feeds with their bogus suits.

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From: FUBHO10/3/2017 10:38:37 PM
   of 1138
 
Holy crap. I just saw this! They missed by over 30%. This management is not competent to say the least.

Forecast $16 million and get $11. That is just mind blowing. Georges and team are not credible people.
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PARIS--(BUSINESS WIRE)--

Sequans Communications S.A. ( SQNS) announced that it has revised its guidance for the third quarter ended September 30, 2017, as follows:


Revised Guidance

Previous Guidance

Revenue$11.0 - $11.2 million$15 – $17 million
Gross margin>43%> 40%
Non-IFRS net loss per diluted share/ADS($0.06) – ($0.07)($0.05) – ($0.07)

Guidance is based on approximately 79.8 million weighted average number of diluted shares/ADSs .

As previously announced, the company will release its full results for the third quarter on October 31, 2017.

Factors contributing to the company’s revised expectations for Q3 include greater-than-expected weakness from emerging markets for broadband-related products, changes in customers’ forecasts due to excess channel inventory for broadband products in the United States, and a delay in concluding the terms of a project related to a vertical market. Although it expects the weakness in the broadband-related portion of the business to persist at least through the balance of 2017, Sequans continues to expect significant growth in 2018 driven by its technology leadership and first-mover position in the IoT market.

“We believe the long-term growth drivers of our business, particularly for IoT, remain in place despite these near-term headwinds,” said Georges Karam, CEO of Sequans. “Cat M1/NB1 is moving rapidly with design wins addressing a growing list of carriers world-wide. We had initial shipments of Cat M1 chips in Q3, although we thought Cat M1 would not begin ramping before Q4 at the earliest. Regarding the broadband portion of the business, we expect no fundamental change in the dynamics of this portion of the business, despite Q3 softness and our near-term caution. On balance, we believe the intermediate to long-term prospects for the company remain excellent, and we are simply experiencing some of the issues that are characteristic of our current market.”

Update Conference Call and Webcast on Wednesday, October 4, 2017

Sequans plans to conduct a teleconference and live webcast to discuss the revised outlook tomorrow, October 4, at 8:00 a.m. EDT
/14:00 CEST. To participate in the live call, analysts and investors should dial 800-230-1085 (or +1 612-234-9959 if outside the U.S.). A live and archived webcast of the call will be available from the Investors section of the Sequans website at www.sequans.com/investors/. A replay of the conference call will be available until October 30 by dialing toll free 800-475-6701 in the U.S., or +1 320-365-3844 from outside the U.S., using the following access code: 431414.

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To: FUBHO who wrote (1125)10/3/2017 10:59:34 PM
From: FUBHO
1 Recommendation   of 1138
 
RE:We had initial shipments of Cat M1 chips in Q3, although we thought Cat M1 would not begin ramping before Q4 at the earliest. Regarding the broadband portion of the business, we expect no fundamental change in the dynamics of this portion of the business, despite Q3 softness and our near-term caution.

How can you say you don't expect a fundamental change in dynamics when you were $5 million in revenue short? That is a fundamental change right there.

I've said Georges was shady before, but damn. I ridiculed all the class action firms too soon.

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From: FUBHO10/3/2017 11:33:48 PM
   of 1138
 
The Smart Hub deal was for only $1.5m a quarter, so how did they miss by $5... Incomprehensible. What the hell can they say tomorrow morning?

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To: FUBHO who wrote (1124)10/4/2017 5:23:38 AM
From: w0z
   of 1138
 
I've never participated in one of these class action lawsuits but am sorely tempted this time. Are these things ever worth the time of day to apply for? I hold XX,XXX shares.

On a more positive note:

blog.semiconductors.org

and the download:

semiconductors.org

However it's clear they have been drinking the 5G hype and Kool-Aid. The latest problem I saw was that 5G was having serious problems penetrating reflective glass. Good luck with that for smart buildings!

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To: w0z who wrote (1128)10/4/2017 11:47:13 AM
From: FUBHO
1 Recommendation   of 1138
 
Millimeter waves can't penetrate rain, a piece of paper, your hand, basically anything.

From the mailings I've received on previous class actions you get back pennies on the dollar. You are better off holding and praying Georges ISN'T LYING THIS TIME...



Listening to the CC right now.


People returned their Smart Hubs and Jet Packs to Verizon, after they were throttled at the 10GB limit. lol Duh!!!

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From: FUBHO10/4/2017 12:34:54 PM
   of 1138
 
At 19:04 of the CC there is a weird edit where they stripped out some commentary. Most of it is a lot blah, blah, bs from Georges the bser.

event.webcasts.com

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To: FUBHO who wrote (1130)10/4/2017 12:51:04 PM
From: FUBHO
   of 1138
 
See flat to lower Q4. 34:00 mark

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To: FUBHO who wrote (1125)10/4/2017 1:02:30 PM
From: zzpat
   of 1138
 
IMO, nothing can be gained by holding a stock that lost almost 40% in one day.

The sad part is there are numerous companies reporting "updates" to previous earnings reports. How does that happen?

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To: FUBHO who wrote (1102)10/4/2017 1:37:50 PM
From: FUBHO
   of 1138
 
Went to Verizon's website. They still have the same pricing on Smart Hub and plans. That is a bust...

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