SWKS - Skyworks Solutions, Inc (was AHAA)

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Technology Stocks SWKS - Skyworks Solutions, Inc (was AHAA)

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From: Savant	8/3/2011 11:38:41 PM
	of 1698

Skyworks to Present at Oppenheimer Technology and Communications Conference WOBURN, Mass., Aug 03, 2011 (BUSINESS WIRE) -- Skyworks Solutions, Inc. (SWKS), an innovator of high reliability analog and mixed signal semiconductors enabling a broad range of end markets, today announced that company executives will be presenting a company overview at the Oppenheimer Technology and Communications Conference on August 10, 2011 at 2:25 p.m. Eastern Time from the Four Seasons Hotel in Boston. The presentation will be Web cast live and archived for replay for one week following the conference in the "Investor Relations" section of Skyworks' Web site at skyworksinc.com.

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From: Savant	9/20/2011 12:41:12 PM
	of 1698

AnalogicTech Announces Response to Skyworks Latest Accusations SANTA CLARA, Calif., Sept. 20, 2011 /PRNewswire via COMTEX/ -- Advanced Analogic Technologies, Inc. (the "Company") (AATI) today announced its response to the latest purported notice of breach made by Skyworks Solutions, Inc. (Skyworks) on September 19, 2011. In its response, AnalogicTech noted that there was no basis for Skyworks to claim a material adverse effect, and that Skyworks does not purport that a material adverse effect has occurred. AnalogicTech further noted that Skyworks notice was devoid of any specific facts as to the basis of its claim of breach. AnalogicTech stated that the notice contained no facts supporting the claim, because no such facts exist. AnalogicTech remains committed to the completion of the transaction. The Company cannot provide further commentary beyond the information that is in the SEC filings and will continue to keep investors updated through appropriate disclosures. About Advanced Analogic Technologies, Inc.: Advanced Analogic Technologies Incorporated (AATI), or AnalogicTech, develops advanced semiconductor system solutions that play a key role in the continuing evolution of feature-rich, energy efficient electronic devices. The company focuses on addressing the application-specific power management needs of consumer devices such as mobile handsets, digital cameras, tablets, notebooks, TV and LCD displays as well as devices in a broad range of industrial, medical and telecom applications. AATI also licenses device, process, package, and application-related technologies. Headquartered in Silicon Valley, AATI has design centers in Santa Clara and Shanghai, and Asia-based operations and logistics. For more information, please visit analogictech.com. ----- AnalogicTech Announces Developments Relating to its Pending Acquisition SANTA CLARA, Calif., Sept. 16, 2011 /PRNewswire via COMTEX/ -- Advanced Analogic Technologies, Inc. (the "Company") (AATI) today announced developments relating to its pending acquisition by Skyworks Solutions, Inc. (Skyworks). As detailed in the S-4 filing made by Skyworks on September 9, 2011, two meetings were scheduled in an effort to resolve the matters in dispute between the two companies relating to requested business and financial information, and access to an AnalogicTech officer. These meetings took place on September 13, 2011 and September 15, 2011, respectively. While AnalogicTech believes it had never been in breach of any of its obligations under the merger agreement, to the extent Skyworks asserted there was a breach of the merger agreement, the Company believes any such claimed breach was cured by its actions in conjunction with these meetings. The Company cannot provide further commentary beyond the information that is in the SEC filings and will continue to keep investors updated through appropriate disclosures.

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From: Savant	9/28/2011 10:52:51 AM
	of 1698

Skyworks Captures Leadership Position in Wireless Networking Market SiGe Semiconductor Acquisition Accelerates Company's Vision of Enabling Ubiquitous Mobile Connectivity WOBURN, Mass., Sep 28, 2011 (BUSINESS WIRE) -- Skyworks Solutions, Inc. (SWKS), an innovator of high reliability analog and mixed signal semiconductors enabling a broad range of end markets, today announced that it has captured the market leader position in wireless networking with the acquisition of SiGe Semiconductor. Skyworks' connectivity solutions can be found powering a variety of Internet access devices including smart phones, set-top boxes, gateways, BluRay(R) players, gaming consoles, tablets and personal computers, high-power access points and routers. "Following the SiGe acquisition, we believe Skyworks' modules are enabling more than one-third of the world's wireless radios, significantly more than any other single company," said Allen Nogee, principle analyst at In-Stat, a market research firm. "And with wireless networking providing bandwidth for smart phones and expanding connectivity in tablets and other consumer devices, Skyworks is well positioned to capture additional market share in this fast growing market." "With the addition of SiGe's product portfolio and intellectual property, Skyworks is delighted to be enabling mobile connectivity across a broader spectrum of wireless networking markets and applications," said Liam K. Griffin, executive vice president and general manager of high performance analog at Skyworks. "Our combined product portfolio allows us to offer customers a breadth of best-in-class solutions and capitalize on our position in tablets and smart phones, where wireless networking attachment rates are approaching 100 percent, as well as home automation and energy management." About Skyworks Skyworks Solutions, Inc. is an innovator of high reliability analog and mixed signal semiconductors. Leveraging core technologies, Skyworks offers diverse standard and custom linear products supporting automotive, broadband, cellular infrastructure, energy management, industrial, medical, military and mobile handset applications. The Company's portfolio includes amplifiers, attenuators, circulators, detectors, diodes, directional couplers, front-end modules, hybrids, infrastructure RF subsystems, isolators, mixers/demodulators, optocouplers, optoisolators, phase shifters, PLLs/synthesizers/VCOs, power dividers/combiners, receivers, switches and technical ceramics. Headquartered in Woburn, Mass., Skyworks is worldwide with engineering, manufacturing, sales and service facilities throughout Asia, Europe and North America. For more information, please visit Skyworks' Web site at: skyworksinc.com.

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From: Savant	11/4/2011 11:29:24 AM
	of 1698

Skyworks Delivers $402.3 Million in Revenue and $0.54 of Non-GAAP Diluted EPS ($0.34 GAAP) in Q4 FY11 Posts 28 Percent Year-Over-Year and 13 Percent Sequential Revenue Growth WOBURN, Mass., Nov 03, 2011 (BUSINESS WIRE) -- --Expands Operating Margin 110 Basis Points Year-Over-Year to 27.2 Percent on a Non-GAAP Basis (19.3 Percent GAAP) --Generates $123 Million in Cash Flow from Operations --Exits the Quarter with $411 Million in Cash Skyworks Solutions, Inc. (SWKS), an innovator of high reliability analog and mixed signal semiconductors enabling a broad range of end markets, today reported fourth fiscal quarter and year end 2011 results. Revenue for the quarter was $402.3 million versus guidance of $400 million, and was up 28 percent year-over-year and 13 percent sequentially. For fiscal year 2011, revenue was $1.419 billion versus $1.072 billion in fiscal 2010, a 32 percent increase. On a non-GAAP basis, operating income for the fourth fiscal quarter was $109.4 million, up from $81.8 million in the prior-year period, reflecting a 34 percent increase. Non-GAAP diluted earnings per share for the fourth fiscal quarter was $0.54 compared to $0.43 for the same period a year ago, a 26 percent improvement. On a GAAP basis, operating income for the fourth fiscal quarter of 2011 was $77.7 million and diluted earnings per share was $0.34. For fiscal 2011, operating income was $384.7 million on a non-GAAP basis, up 56 percent from $246.3 million in fiscal 2010, while non-GAAP diluted earnings per share for the year was $1.89 compared to $1.26 in fiscal 2010, a 50 percent improvement. On a GAAP basis, operating income for fiscal 2011 was $295.3 million and diluted earnings per share was $1.19. "Skyworks' solid performance demonstrates the strength of our diversified business model, continued share gains and operational leverage," said David J. Aldrich, president and chief executive officer of Skyworks. "At a higher level, despite the current economic environment, we believe that long-term industry fundamentals remain strong as analog content and complexity continue to increase. Given our differentiated product portfolio, technology leadership, broad customer engagements and scale, Skyworks is strategically well positioned to capitalize on the growing number of platforms that are becoming wirelessly enabled and, in turn, to outperform our addressed markets." Q4 Business Highlights -- Expanded gross margin by 90 basis points year-over-year to 44.7 percent on a non-GAAP basis (43.4 percent GAAP) -- Improved operating margin by 110 basis points year-over-year to 27.2 percent on a non-GAAP basis (19.3 percent GAAP) -- Ramped 3G/LTE multimode, multiband solutions for Samsung's next generation Galaxy S(TM) II smart phone platforms -- Supported ZTE's launch of tablets and notebooks with EDGE and WCDMA/LTE front-end solutions -- Introduced a family of low noise amplifiers for wireless infrastructure and networking applications -- Shipped switch matrix solutions to Siemens Healthcare for deployment in their Magnetic Resonance Imaging (MRI) scanners -- Designed into a leading manufacturer's platform for hearing aids using ultra low power amplifiers -- Commenced volume shipments of ZigBee(R)-enabled solutions to multiple ODMs in support of home security applications First Fiscal Quarter 2012 Outlook "We anticipate revenue in the first fiscal quarter of 2012 to be up 16 percent year-over-year in the $390 million range," said Donald W. Palette, vice president and chief financial officer of Skyworks. "Our guidance reflects near term market weakness largely offset by new program ramps. Operationally, we expect to deliver non-GAAP diluted earnings per share of $0.50. Note, our outlook excludes any contribution from Advanced Analogic Technologies." For further information regarding use of non-GAAP measures in this press release, please refer to the Discussion Regarding the Use of Non-GAAP Financial Measures set forth below. Skyworks' Fourth Fiscal Quarter 2011 Conference Call Skyworks will host a conference call with analysts to discuss its fourth fiscal quarter 2011 results and business outlook today at 5:00 p.m. Eastern time. To listen to the conference call via the Internet, please visit the investor relations section of Skyworks' Web site. To listen to the conference call via telephone, please call 888-312-3052 (domestic) or 719-325-2107 (international), confirmation code: 1214860. Playback of the conference call will begin at 9:00 p.m. Eastern time on November 3, and end at 9:00 p.m. Eastern time on November 10. The replay will be available on Skyworks' Web site or by calling 888-203-1112 (domestic) or 719-457-0820 (international), pass code: 1214860. About Skyworks Skyworks Solutions, Inc. is an innovator of high reliability analog and mixed signal semiconductors. Leveraging core technologies, Skyworks offers diverse standard and custom linear products supporting automotive, broadband, cellular infrastructure, energy management, industrial, medical, military and mobile handset applications. The Company's portfolio includes amplifiers, attenuators, circulators, detectors, diodes, directional couplers, front-end modules, hybrids, infrastructure RF subsystems, isolators, mixers/demodulators, optocouplers, optoisolators, phase shifters, PLLs/synthesizers/VCOs, power dividers/combiners, receivers, switches and technical ceramics. Headquartered in Woburn, Mass., Skyworks is worldwide with engineering, manufacturing, sales and service facilities throughout Asia, Europe and North America. For more information, please visit Skyworks' Web site at: skyworksinc.com. Safe Harbor Statement This news release includes "forward-looking statements" intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements include without limitation information relating to future results and expectations of Skyworks (including without limitation certain projections and business trends). Forward-looking statements can often be identified by words such as "anticipates," "expects," "forecasts," "intends," "believes," "plans," "may," "will," or "continue," and similar expressions and variations or negatives of these words. All such statements are subject to certain risks, uncertainties and other important factors that could cause actual results to differ materially and adversely from those projected, and may affect our future operating results, financial position and cash flows. These risks, uncertainties and other important factors include, but are not limited to: whether, as a result of the outcome of an arbitration proceeding in Delaware chancery court scheduled for the end of November 2011, we are required to close the acquisition of Advanced Analogic Technologies; whether we are able to successfully integrate Advanced Analogic Technologies' operations if we are required to close such acquisition; uncertainty regarding global economic and financial market conditions; the susceptibility of the wireless semiconductor industry and the markets addressed by our, and our customers', products to economic downturns; the timing, rescheduling or cancellation of significant customer orders and our ability, as well as the ability of our customers, to manage inventory; losses or curtailments of purchases or payments from key customers, or the timing of customer inventory adjustments; the availability and pricing of third party semiconductor foundry, assembly and test capacity, raw materials and supplier components; changes in laws, regulations and/or policies in the United States that could adversely affect financial markets and our ability to raise capital; our ability to develop, manufacture and market innovative products in a highly price competitive and rapidly changing technological environment; economic, social and political conditions in the countries in which we, our customers or our suppliers operate, including security and health risks, possible disruptions in transportation networks and fluctuations in foreign currency exchange rates; fluctuations in our manufacturing yields due to our complex and specialized manufacturing processes; delays or disruptions in production due to equipment maintenance, repairs and/or upgrades; our reliance on several key customers for a large percentage of our sales; fluctuations in the manufacturing yields of our third party semiconductor foundries and other problems or delays in the fabrication, assembly, testing or delivery of our products; our ability to timely and accurately predict market requirements and evolving industry standards, and to identify opportunities in new markets; uncertainties of litigation, including potential disputes over intellectual property infringement and rights, as well as payments related to the licensing and/or sale of such rights; our ability to rapidly develop new products and avoid product obsolescence; our ability to retain, recruit and hire key executives, technical personnel and other employees in the positions and numbers, with the experience and capabilities, and at the compensation levels needed to implement our business and product plans; lengthy product development cycles that impact the timing of new product introductions; unfavorable changes in product mix; the quality of our products and any remediation costs; shorter than expected product life cycles; problems or delays that we may face in shifting our products to smaller geometry process technologies and in achieving higher levels of design integration; and our ability to continue to grow and maintain an intellectual property portfolio and obtain needed licenses from third parties, as well as other risks and uncertainties, including but not limited to those detailed from time to time in our filings with the Securities and Exchange Commission. These forward-looking statements are made only as of the date hereof, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. Note to Editors: Skyworks and Skyworks Solutions are trademarks or registered trademarks of Skyworks Solutions, Inc. or its subsidiaries in the United States and in other countries. All other brands and names listed are trademarks of their respective companies. SKYWORKS SOLUTIONS, INC. UNAUDITED CONSOLIDATED STATEMENT OF OPERATIONS Three Months EndedYear Ended ------------------------------- ----------------------------------- Sept. 30,Oct. 1,Sept. 30,Oct. 1, (in thousands, except per share amounts)2011201020112010 ---------------- -------------- ------------------ ---------------- Net revenue$ 402,316$ 313,283$ 1,418,922$ 1,071,849 Cost of goods sold227,756177,124798,618615,016 -------------------------------- Gross profit174,560136,159620,304456,833 Operating expenses: Research and development47,40935,409168,637134,140 Selling, general and administrative39,07133,689137,238117,853 888-2,363(1,040) Restructuring and other charges (credits) Amortization of intangibles9,4961,63416,7426,136 -------------------------------- Total operating expenses96,86470,732324,980257,089 Operating income77,69665,427295,324199,744 Interest expense(473)(627)(1,936)(4,246) Loss on early retirement of convertible debt---(79) Other income (loss), net683(45)498(345) -------------- -------------------- -- Income before income taxes77,90664,755293,886195,074 Provision for income taxes13,69717,95167,30157,780 -------------------------------- Net income$64,209$46,804$226,585$137,294 === ========= ========== =========== ========= Earnings per share: Basic$0.35$0.26$1.24$0.78 Diluted$0.34$0.25$1.19$0.75 Weighted average shares: Basic183,591177,418182,879175,020 Diluted190,786184,734190,667182,738 SKYWORKS SOLUTIONS, INC. UNAUDITED RECONCILIATION OF NON-GAAP FINANCIAL MEASURES Three Months EndedYear Ended --------------------------------- --------------------------------- Sept. 30,Oct. 1,Sept. 30,Oct. 1, (in thousands)2011201020112010 ---------------- ---------------- ---------------- ---------------- GAAP gross profit$ 174,560$ 136,159$ 620,304$ 456,833 Share-based compensation expense [a]2,1601,1057,5573,857 Acquisition-related expense 2,955-4,572- ---------------------------- Non-GAAP gross profit$ 179,675$ 137,264$ 632,433$ 460,690 === ========== ========== ========== ======= Non-GAAP gross margin %44.7 %43.8 %44.6 %43.0 % Three Months EndedYear Ended --------------------------------- --------------------------------- Sept. 30,Oct. 1,Sept. 30,Oct. 1, (in thousands)2011201020112010 ---------------- ---------------- ---------------- ---------------- GAAP operating income$77,696$65,427$ 295,324$ 199,744 Share-based compensation expense [a]15,65014,50358,33840,742 Acquisition-related expense 5,509-9,014- Litigation settlement gains and losses [c]--2,300- Amortization of intangible assets9,4961,63416,7426,136 Restructuring & other charges (credits) [d]888-2,363(1,040) Deferred executive compensation143233594752 Non-GAAP operating income$ 109,382$81,797$ 384,675$ 246,334 === ========== ========== ========== ======= Non-GAAP operating margin %27.2 %26.1 %27.1 %23.0 % Three Months EndedYear Ended --------------------------------- --------------------------------- Sept. 30,Oct. 1,Sept. 30,Oct. 1, (in thousands)2011201020112010 ---------------- ---------------- ---------------- ---------------- GAAP net income$64,209$46,804$ 226,585$ 137,294 Share-based compensation expense [a]15,65014,50358,33840,742 Acquisition-related expense 5,509-9,014- Litigation settlement gains and losses [c]--2,300- Amortization of intangible assets9,4961,63416,7426,136 Restructuring & other charges (credits) [d]888-2,363(1,040) Deferred executive compensation143233594752 Loss on early retirement of convertible debt [e]---79 Amortization of discount on convertible debt [f]3453221,3452,502 Tax adjustments [g]7,58115,28743,00442,982 ---------------------------- Non-GAAP net income$ 103,821$78,783$ 360,285$ 229,447 === ========== ========== ========== ======= Three Months EndedYear Ended --------------------------------- --------------------------------- Sept. 30,Oct. 1,Sept. 30,Oct. 1, 2011201020112010 ---------------- ---------------- ---------------- ---------------- GAAP net income per share, diluted$0.34$0.25$1.19$0.75 Share-based compensation expense [a]0.080.080.310.22 Acquisition-related expense 0.03-0.05- Litigation settlement gains and losses [c]--0.01- Amortization of intangible assets0.050.010.090.04 Restructuring & other charges (credits) [d]--0.01- Amortization of discount on convertible debt [f]---0.01 Tax adjustments [g]0.040.090.230.24 ---------------------------- Non-GAAP net income per share, diluted$0.54$0.43$1.89$1.26 === ========== ========== ========== ======= SKYWORKS SOLUTIONS, INC. DISCUSSION REGARDING THE USE OF NON-GAAP FINANCIAL MEASURES Our earnings release contains some or all of the following financial measures which have not been calculated in accordance with United States Generally Accepted Accounting Principles (GAAP): (i) non-GAAP gross profit and gross margin, (ii) non-GAAP operating income and operating margin, (iii) non-GAAP net income, and (iv) non-GAAP net income per share (diluted). As set forth in the "Unaudited Reconciliation of Non-GAAP Financial Measures" table found above, we derive such non-GAAP financial measures by excluding certain expenses and other items from the respective GAAP financial measure that is most directly comparable to each non-GAAP financial measure. Management uses these non-GAAP financial measures to evaluate our operating performance and compare it against past periods, make operating decisions, forecast for future periods, compare operating performance against peer companies and determine payments under certain compensation programs. These non-GAAP financial measures provide management with additional means to understand and evaluate the operating results and trends in our ongoing business by eliminating certain non-recurring expenses (which may not occur in each period presented) and other items that management believes might otherwise make comparisons of our ongoing business with prior periods and competitors more difficult, obscure trends in ongoing operations or reduce management's ability to make useful forecasts. We provide investors with non-GAAP gross profit and gross margin, non-GAAP operating income and operating margin and non-GAAP net income because we believe it is important for investors to be able to closely monitor and understand changes in our ability to generate income from ongoing business operations. We believe these non-GAAP financial measures give investors an additional method to evaluate historical operating performance and identify trends, additional means of evaluating period-over-period operating performance and a method to facilitate certain comparisons of operating results to peer companies. We also believe that providing non-GAAP operating income and operating margin allows investors to assess the extent to which ongoing operations impact our overall financial performance. We further believe that providing non-GAAP net income and non-GAAP net income per share (diluted) allows investors to assess the overall financial performance of ongoing operations by eliminating the impact of certain financing decisions related to our convertible debt and certain tax items which may not occur in each period for which financial information is presented and which represent gains or losses unrelated to our ongoing operations. We believe that disclosing these non-GAAP financial measures contributes to enhanced financial reporting transparency and provides investors with added clarity about complex financial performance measures. We calculate non-GAAP gross profit by excluding from GAAP gross profit, stock compensation expense, restructuring-related charges and acquisition-related expenses. We calculate non-GAAP operating income by excluding from GAAP operating income, stock compensation expense, restructuring-related charges, acquisition-related expenses, litigation settlement gains and losses and certain deferred executive compensation. We calculate non-GAAP net income and net income per share (diluted) by excluding from GAAP net income and net income per share (diluted), stock compensation expense, restructuring-related charges, acquisition-related expenses, litigation settlement gains and losses, amortization of discount on convertible debt, and certain deferred executive compensation, as well as certain items related to the retirement of convertible debt, and certain tax items, which may not occur in all periods for which financial information is presented. We exclude the items identified above from the respective non-GAAP financial measure referenced above for the reasons set forth with respect to each such excluded item below: Stock Compensation - because (1) the total amount of expense is partially outside of our control because it is based on factors such as stock price volatility and interest rates, which may be unrelated to our performance during the period in which the expense is incurred, (2) it is an expense based upon a valuation methodology premised on assumptions that vary over time, and (3) the amount of the expense can vary significantly between companies due to factors that can be outside of the control of such companies. Acquisition-Related Expenses - including such items as, when applicable, amortization of acquired intangible assets, fair value adjustments to contingent consideration, fair value charges incurred upon the sale of acquired inventory, acquisition-related professional fees and deemed compensation expenses, because they are not considered by management in making operating decisions and we believe that such expenses do not have a direct correlation to future business operations and thereby including such charges does not accurately reflect the performance of our ongoing operations for the period in which such charges are incurred. Litigation Settlement Gains and Losses - including gains and losses related to the resolution of other than ordinary course threatened and actually filed lawsuits and other than ordinary course contractual disputes, because (1) they are not considered by management in making operating decisions, (2) such gains and losses tend to be infrequent in nature, (3) such gains and losses are generally not directly controlled by management, (4) we believe such gains and losses do not necessarily reflect the performance of our ongoing operations for the period in which such charges are recognized and (5) the amount of such gains or losses can vary significantly between companies and make comparisons difficult. Restructuring-Related Charges - because, to the extent such charges impact a period presented, we believe that they have no direct correlation to future business operations and including such charges does not necessarily reflect the performance of our ongoing operations for the period in which such charges are incurred. Deferred Executive Compensation - including charges related to any contingent obligation pursuant to an executive severance agreement because we believe the period over which the obligation is amortized may not reflect the period of benefit and that such expense has no direct correlation with our recurring business operations and including such expenses does not accurately reflect the compensation expense for the period in which incurred. Amortization of Discount on Convertible Debt - comprised of the amortization of the debt discount recorded at inception of the convertible debt borrowing related to the adoption of ASC 470-20, because the expense is dependent on fair value assessments and is not considered by management when making operating decisions. Gains and Losses on Retirement of Convertible Debt - because, to the extent that gains or losses from such repurchases impact a period presented, we do not believe that they reflect the underlying performance of ongoing business operations for such period. Certain Income Tax Items - including certain deferred tax charges and benefits which do not result in a current tax payment or tax refund and other adjustments which are not indicative of ongoing business operations. The non-GAAP financial measures presented in the table above should not be considered in isolation and are not an alternative for, the respective GAAP financial measure that is most directly comparable to each such non-GAAP financial measure. Investors are cautioned against placing undue reliance on these non-GAAP financial measures and are urged to review and consider carefully the adjustments made by management to the most directly comparable GAAP financial measures to arrive at these non-GAAP financial measures. Non-GAAP financial measures may have limited value as analytical tools because they may exclude certain expenses that some investors consider important in evaluating operating performance or ongoing business. Further, non-GAAP financial measures are likely to have limited value for purposes of drawing comparisons between companies because different companies may calculate similarly titled non-GAAP financial measures in different ways because non-GAAP measures are not based on any comprehensive set of accounting rules or principles. Our earnings release contains a forward looking estimate of non-GAAP diluted earnings per share for the first quarter of our 2012 fiscal year ("Q1 2012"). We provide this non-GAAP measure to investors on a prospective basis for the same reasons (set forth above) that we provide them to investors on a historical basis. We are unable to provide a reconciliation of our forward looking estimate of Q1 2012 non-GAAP diluted earnings per share to a forward looking estimate of Q1 2012 GAAP diluted earnings per share because certain information needed to make a reasonable forward looking estimate of GAAP diluted earnings per share for Q1 2012 (other than estimated stock compensation expense of $0.09 per diluted share, certain tax items of $0.06 per diluted share, estimated acquisition related expense of $0.04 per diluted share and estimated deferred executive compensation expense and restructuring and other charges with a de minimis impact per diluted share) is difficult to predict and estimate and is often dependent on future events which may be uncertain or outside of our control. Such events may include unanticipated gains and losses on retirement of convertible debt, unanticipated one time charges related to asset impairments (fixed assets, intangibles or goodwill), unanticipated acquisition related costs, unanticipated litigation settlement gains and losses and other unanticipated non-recurring items not reflective of ongoing operations. We believe the probable significance of these unknown items, in aggregate, to be in the range of $0.00 to $0.05 in quarterly earnings per diluted share on a GAAP basis. Our forward looking estimates of both GAAP and non-GAAP measures of our financial performance may differ materially from our actual results and should not be relied upon as statements of fact. [a] These charges represent expense recognized in accordance with ASC 718 - Compensation, Stock Compensation. Approximately $2.2 million, $5.0 million and $8.4 million were included in cost of goods sold, research and development expense and selling, general and administrative expense, respectively, for the three months ended September 30, 2011. Approximately $7.6 million, $18.1 million and $32.6 million were included in cost of goods sold, research and development expense and selling, general and administrative expense, respectively, for the fiscal year ended September 30, 2011. For the three months ended October 1, 2010, approximately $1.1 million, $1.9 million and $11.5 million were included in costs of goods sold, research and development expense and selling, general and administrative expense, respectively. For the fiscal year ended October 1, 2010, approximately $3.9 million, $7.4 million and $29.4 million were included in costs of goods sold, research and development expense and selling, general and administrative expense, respectively. The acquisition-related expense recognized during the three months and fiscal year ended September 30, 2011 includes a $2.9 million and $4.6 million charge, respectively, to cost of sales related to the sale of acquired inventory. Also included in acquisition-related expense is $2.6 million and $4.4 million, respectively, in transaction costs associated with acquisitions completed or contemplated during the three months and fiscal year ended September 30, 2011. [c] During the fiscal year ended September 30, 2011, the Company recognized a $2.3 million charge related to the resolution of a contractual dispute. [d] During the fiscal year ended September 30, 2011, the Company implemented a restructuring plan to reduce the headcount associated with its acquisition of SiGe Semiconductor, Inc. Approximately $0.9 million and $2.4 million in restructuring related charges were recorded during the three months and fiscal year ended September 30, 2011, respectively. For the fiscal year ended October 1, 2010, the Company recorded a $1.0 million credit to restructuring and other charges related to the sale of an impaired long-lived asset. [e] The net loss recorded during the fiscal year ended October 1, 2010 relates to a loss on the retirement of $32.6 million of the Company's 1.25% convertible subordinated notes due on March 1, 2010 offset by a gain on the retirement of $20.4 million of the Company's 1.50% convertible subordinated notes due on March 1, 2012. [f] These charges represent the amortization expense recognized in accordance with ASC 470-20. Approximately $0.3 million and $1.3 million, respectively, of amortization expense was recognized during the three months and fiscal year ended September 30, 2011. Approximately $0.3 million and $2.5 million, respectively, of amortization expense was recognized during the three months and fiscal year ended October 1, 2010. [g] During the three months and fiscal year ended September 30, 2011, these amounts primarily represent deferred tax expense not affecting taxes payable and non-cash expense related to uncertain tax positions. During the three months and fiscal year ended October 1, 2010, these amounts primarily represent the utilization of net operating loss and research and development credit carryforwards. SKYWORKS SOLUTIONS, INC. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEET Sept. 30,Oct. 1, (in thousands)20112010 ----------------- ----------------- Assets Current assets: Cash and cash equivalents$410,799$459,385 Accounts receivable, net177,940175,232 Inventories198,183125,059 Prepaid expenses and other current assets29,41230,189 Property, plant and equipment, net251,365204,363 Goodwill and intangible assets, net749,849498,096 Other assets72,84171,728 ------------------ Total assets$ 1,890,389$ 1,564,052 ====== =============== ========= Liabilities and Equity Current liabilities: Credit facility$-$50,000 Convertible notes26,089- Accounts payable115,290111,967 Accrued liabilities and other current liabilities105,71742,357 Long-term debt-24,743 Other long-term liabilities34,19818,389 Stockholders' equity1,609,0951,316,596 ------------------ Total liabilities and equity$ 1,890,389$ 1,564,052 ====== =============== ========= SOURCE: Skyworks Solutions, Inc. Skyworks Solutions, Inc. Media Relations: Pilar Barrigas, 949-231-3061 Investor Relations: Stephen Ferranti, 781-376-3056

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From: Savant	12/12/2011 9:48:07 AM
	of 1698

Skyworks Opens Design Center in Korea Facility to Support Growing Demand for 3G and 4G Front-End Solutions WOBURN, Mass., Dec 12, 2011 (BUSINESS WIRE) -- Skyworks Solutions, Inc. (SWKS), an innovator of high reliability analog and mixed signal semiconductors enabling a broad range of end markets, today announced that it has opened a design center in Korea to support the Company's increasing demand for 3G and 4G front-end solutions. In fiscal 2011, Skyworks grew its 3G front-end module shipments by more than 150 percent year-over-year. The site will support integrated circuit and multi-chip-module designs and layouts, RF-laboratory work, and customer support through early manufacturing. "Skyworks is delighted to be placing more of our highly-skilled engineering teams closer to our customers," said Gregory L. Waters, executive vice president and general manager, front-end solutions at Skyworks. "We realize that our customers' success depends upon the performance and reliability of our products, and the strength of our service. We are committed to meeting the market's need for the smallest and highest performance device architectures, as well as strengthening our local support for leading smart phone providers and handset manufacturers." Global adoption of 3G and 4G devices, including smart phones, tablets and a seemingly unending array of new applications, continues to be robust. The proliferation of embedded wireless functionality is driving a tremendous increase in RF content and the number of connected devices. In fact, the GSMA recently released research which suggests that the number of mobile connected devices is expected to reach 12 billion units by 2020, twice the number in service today. About Skyworks Skyworks Solutions, Inc. is an innovator of high reliability analog and mixed signal semiconductors. Leveraging core technologies, Skyworks offers diverse standard and custom linear products supporting automotive, broadband, cellular infrastructure, energy management, industrial, medical, military and mobile handset applications. The Company's portfolio includes amplifiers, attenuators, detectors, diodes, directional couplers, front-end modules, hybrids, infrastructure RF subsystems, mixers/demodulators, optocouplers, optoisolators, phase shifters, PLLs/synthesizers/VCOs, power dividers/combiners, receivers, switches and technical ceramics. Headquartered in Woburn, Mass., Skyworks is worldwide with engineering, manufacturing, sales and service facilities throughout Asia, Europe and North America. For more information, please visit Skyworks' Web site at: skyworksinc.com. Safe Harbor Statement This news release includes "forward-looking statements" intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements include without limitation information relating to future results and expectations of Skyworks and AnalogicTech (including without limitation certain projections and business trends). Forward-looking statements can often be identified by words such as "anticipates," "expects," "forecasts," "intends," "believes," "plans," "may," "will," or "continue," and similar expressions and variations or negatives of these words. All such statements are subject to certain risks, uncertainties and other important factors that could cause actual results to differ materially and adversely from those projected, and may affect Skyworks' and AnalogicTech's respective future operating results, financial position and cash flows. Actual results and events in future periods may differ materially from those expressed or implied by these forward-looking statements because of a number of risks, uncertainties and other factors. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including the expected benefits and costs of the transaction; management plans relating to the transaction; the expected timing of the completion of the transaction; the ability to complete the transaction; any statements of the plans, strategies and objectives of management for future operations, including the execution of integration plans; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the possibility that expected benefits may not materialize as expected; that the transaction may not be timely completed, if at all; that, prior to the completion of the transaction, AnalogicTech's business may experience disruptions due to transaction-related uncertainty or other factors making it more difficult to maintain relationships with employees, customers or other business partners; that the parties are unable to successfully implement integration strategies; and other risks that are described in Skyworks' and AnalogicTech's respective SEC reports, including but not limited to the risks described in Skyworks' Annual Report on Form 10-K, as amended, for its fiscal year ended September 30, 2011 and AnalogicTech's Annual Report on Form 10-K, as amended, for the fiscal year ended December 31, 2010, as well as subsequent Quarterly Reports on Form 10-Q. These forward-looking statements are made only as of the date hereof, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. Additional Information about the Transaction and Where to Find It Skyworks will file a Tender Offer Statement on Schedule TO and AATI will file a Solicitation/Recommendation Statement on Schedule 14D-9 with the Securities and Exchange Commission ("SEC") in connection with the amended merger agreement and tender offer. Security holders are advised to read the Tender Offer Statement and the Solicitation/Recommendation Statement when they are available because they will contain important information. Investors can obtain the Tender Offer Statement when it is filed by Skyworks, the Solicitation/Recommendation Statement when it is filed by AATI, and other documents filed by Skyworks and/or AATI for free at the web site of the U.S. Securities and Exchange Commission at sec.gov. In addition, investors and security holders can obtain free copies of the documents filed by Skyworks with the SEC from Skyworks by contacting Skyworks' Investor Relations at (949) 231-4700 or by accessing Skyworks' investor relations website at skyworksinc.com, and free copies of the documents filed by AATI with the SEC from AATI by contacting AATI's Investor Relations at The Blueshirt Group, Lisa Laukkanen, at (415) 217-4967 or by accessing Advanced Analogic Technologies' investor relations website at analogictech.com. Note to Editors: Skyworks and Skyworks Solutions are trademarks or registered trademarks of Skyworks Solutions, Inc. or its subsidiaries in the United States and in other countries. All other brands and names listed are trademarks of their respective companies. SOURCE: Skyworks Solutions, Inc. Skyworks Media Relations Pilar Barrigas, 949-231-3061 or Skyworks Investor Relations Stephen Ferranti, 781-376-3056

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From: Savant	4/9/2012 10:13:55 AM
	of 1698

Skyworks Sets Date for Second Quarter Fiscal 2012 Earnings Release and Conference Call April 26 at 5:00 p.m. Eastern Time WOBURN, Mass., Apr 09, 2012 (BUSINESS WIRE) -- Skyworks Solutions, Inc. (SWKS), an innovator of high reliability analog and mixed signal semiconductors enabling a broad range of end markets, will conduct a conference call with analysts to discuss its second quarter fiscal 2012 results and business outlook on April 26 at 5:00 p.m. Eastern time. After the close of the market on April 26, and prior to the conference call, Skyworks will issue a copy of the earnings press release via Business Wire. The press release may also be viewed on Skyworks' Web site at skyworksinc.com. To listen to the conference call via the Internet, please visit the investor relations section of Skyworks' Web site. To listen to the conference call via telephone, please call 877-857-6144 (domestic) or 719-325-4819 (international), confirmation code: 7714870. Playback of the conference call will begin at 9:00 p.m. Eastern time on April 26, and end at 9:00 p.m. Eastern time on May 3. The replay will be available on Skyworks' Web site or by calling 888-203-1112 (domestic) or 719-457-0820 (international), pass code: 7714870. About Skyworks Skyworks Solutions, Inc. is an innovator of high reliability analog semiconductors. Leveraging core technologies, Skyworks offers diverse standard and custom linear products supporting automotive, broadband, cellular infrastructure, energy management, industrial, medical, military, networking, smartphone and tablet applications. The Company's portfolio includes amplifiers, attenuators, circulators, detectors, diodes, directional couplers, front-end modules, hybrids, infrastructure RF subsystems, isolators, lighting and display solutions, mixers/demodulators, optocouplers, optoisolators, phase shifters, PLLs/synthesizers/VCOs, power dividers/combiners, power management devices, receivers, switches and technical ceramics. Headquartered in Woburn, Mass., Skyworks is worldwide with engineering, manufacturing, sales and service facilities throughout Asia, Europe and North America. For more information, please visit Skyworks' Web site at: skyworksinc.com Safe Harbor Statement

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From: Savant	4/20/2012 10:52:58 PM
	of 1698

Skyworks Sets Date for Second Quarter Fiscal 2012 Earnings Release and Conference Call April 26 at 5:00 p.m. Eastern Time WOBURN, Mass., Apr 09, 2012 (BUSINESS WIRE) -- Skyworks Solutions, Inc. (SWKS), an innovator of high reliability analog and mixed signal semiconductors enabling a broad range of end markets, will conduct a conference call with analysts to discuss its second quarter fiscal 2012 results and business outlook on April 26 at 5:00 p.m. Eastern time. After the close of the market on April 26, and prior to the conference call, Skyworks will issue a copy of the earnings press release via Business Wire. The press release may also be viewed on Skyworks' Web site at skyworksinc.com. To listen to the conference call via the Internet, please visit the investor relations section of Skyworks' Web site. To listen to the conference call via telephone, please call 877-857-6144 (domestic) or 719-325-4819 (international), confirmation code: 7714870. Playback of the conference call will begin at 9:00 p.m. Eastern time on April 26, and end at 9:00 p.m. Eastern time on May 3. The replay will be available on Skyworks' Web site or by calling 888-203-1112 (domestic) or 719-457-0820 (international), pass code: 7714870. About Skyworks Skyworks Solutions, Inc. is an innovator of high reliability analog semiconductors. Leveraging core technologies, Skyworks offers diverse standard and custom linear products supporting automotive, broadband, cellular infrastructure, energy management, industrial, medical, military, networking, smartphone and tablet applications. The Company's portfolio includes amplifiers, attenuators, circulators, detectors, diodes, directional couplers, front-end modules, hybrids, infrastructure RF subsystems, isolators, lighting and display solutions, mixers/demodulators, optocouplers, optoisolators, phase shifters, PLLs/synthesizers/VCOs, power dividers/combiners, power management devices, receivers, switches and technical ceramics. Headquartered in Woburn, Mass., Skyworks is worldwide with engineering, manufacturing, sales and service facilities throughout Asia, Europe and North America. For more information, please visit Skyworks' Web site at: skyworksinc.com Safe Harbor Statement

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From: Savant	5/25/2012 12:45:47 PM
	of 1698

Skyworks Sets Analyst Meeting Date September 20, 2012 from 9:00 a.m. -- 1:00 p.m. Eastern Time at Fenway Park WOBURN, Mass., May 24, 2012 (BUSINESS WIRE) -- Skyworks Solutions, Inc. (SWKS), an innovator of high reliability analog semiconductors enabling a broad range of end markets, today announced that it will host an Analyst Day on September 20, 2012 at Fenway Park in Boston from 9:00 a.m. -- 1:00 p.m. Eastern time. Members of the executive team will provide a business overview, discuss market and technology trends, operational plans and financial objectives. To listen to the Webcast via the Internet, please visit the Investor section on Skyworks' Web site at: skyworksinc.com. About Skyworks Skyworks Solutions, Inc. is an innovator of high reliability analog semiconductors. Leveraging core technologies, Skyworks offers high performance analog products supporting automotive, broadband, cellular infrastructure, energy management, industrial, medical, military, wireless networking, smartphone and tablet applications. The Company's portfolio includes amplifiers, attenuators, circulators, detectors, diodes, directional couplers, front-end modules, hybrids, infrastructure RF subsystems, isolators, lighting and display solutions, mixers/demodulators, optocouplers, optoisolators, phase shifters, PLLs/synthesizers/VCOs, power dividers/combiners, power management devices, receivers, switches and technical ceramics. Headquartered in Woburn, Mass., Skyworks is worldwide with engineering, manufacturing, sales and service facilities throughout Asia, Europe and North America. For more information, please visit Skyworks' Web site at: skyworksinc.com.

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From: Savant	6/26/2012 10:19:06 AM
	of 1698

Skyworks Unveils Revolutionary Front-end Solution SkyOne(TM) Incorporates All Popular 2G, 3G and 4G Bands as well as Switches and Filters for an Unprecedented Level of Integration and Carrier Coverage WOBURN, Mass., Jun 26, 2012 (BUSINESS WIRE) -- Skyworks Solutions, Inc. (SWKS), an innovator of high reliability analog semiconductors enabling a broad range of end markets, today announced that it has launched a breakthrough front-end system that integrates all RF and analog content between the transceiver and antenna for simplified design within demanding next generation mobile platforms. Leveraging Skyworks' silicon integration expertise, advanced manufacturing technologies and proprietary techniques, SkyOne(TM) is the world's first semiconductor device to condense multiband power amplifiers and high throw switches along with all associated filtering, duplexing and control functionality into a single, ultra-compact package---all in less than half the area of the industry's most advanced approach. At the same time, this groundbreaking solution provides the world's best linearity and power added efficiency (PAE) for smart RF integration. As a result, SkyOne(TM) offers smartphone, tablet and ultrabook OEMs significant board space savings, ease of implementation, performance and time to market advantages. Even as radio content and complexity continue to rise, consumers are demanding increasingly thinner and lighter mobile platforms with increased talk/data access time. To meet this challenge, SkyOne(TM) optimizes performance beyond what is possible with less integrated devices and incorporates all popular 2G, 3G and 4G/LTE protocols enabling seamless global network roaming and extended battery life. "With the introduction of the SkyOne(TM) platform, Skyworks is redefining mobile communications technology," said Gregory L. Waters, executive vice president and general manager of front-end solutions at Skyworks. "Our breakthrough architecture is the culmination of extensive research and development that leverages Skyworks' product depth, intellectual property scale and system-level expertise. As OEMs focus on industrial design, application development and marketing, they are increasingly turning to Skyworks to deliver a complete, drop-in front-end solution that optimizes each band and imposes no additional requirements to match components. SkyOne(TM) uniquely answers our customers' design, implementation and time to market needs by ensuring that all RF and analog functionality works in concert." About Skyworks' Family of SkyOne(TM) Front-End Solutions Skyworks' SkyOne(TM) family of FEMs integrate the following in a single package: -- 2G / 3G / 4G power amplifiers -- Support for bands 1, 2, 3, 4, 5, 7, 8, 13, 17 and 20 -- Quad band GSM/EDGE power amplifiers and filters -- All associated duplexer functionality -- Integrated CMOS switches and control functions -- DCS/PCS Rx filters SkyOne(TM) enhances the carrier connectivity experience independent of operator or region. Future devices will leverage the best of new process, circuit design and advanced interconnect technology to create further disruptive improvements in size, performance and band integration. Pricing and Availability To sample Skyworks' SkyOne FEM or request more information, please contact sales@skyworksinc.com. About Skyworks Skyworks Solutions, Inc. is an innovator of high reliability analog semiconductors. Leveraging core technologies, Skyworks offers high performance analog products supporting automotive, broadband, cellular infrastructure, energy management, industrial, medical, military, wireless networking, smartphone and tablet applications. The Company's portfolio includes amplifiers, attenuators, circulators, detectors, diodes, directional couplers, front-end modules, hybrids, infrastructure RF subsystems, isolators, lighting and display solutions, mixers/demodulators, optocouplers, optoisolators, phase shifters, PLLs/synthesizers/VCOs, power dividers/combiners, power management devices, receivers, switches and technical ceramics. Headquartered in Woburn, Mass., Skyworks is worldwide with engineering, manufacturing, sales and service facilities throughout Asia, Europe and North America. For more information, please visit Skyworks' Web site at: skyworksinc.com.

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To: Savant who wrote (1622)	2/27/2013 10:07:46 PM
From: dacoola	of 1698

This is a great find.

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