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   Technology StocksGigoptix, Inc.


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From: tktrimbath9/17/2012 2:05:55 AM
1 Recommendation   of 148
 
Sounds like Lumera's tech has matured. Okay, now do good work and make this company and this stock shine.


finance.yahoo.com

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To: tktrimbath who wrote (111)12/27/2012 12:08:32 PM
From: The Ox
   of 148
 
I have had the board header updated.
Subject 55082

The company's products and the industry are finally coming into alignment. The future looks very bright for GIG.

Revs: 2007/3.18, 2008/9.66, 2009/14.83, 2010/26.88, 2011/32.27, 2012/38.9-estimated, 2013/47.4-estimated

They have never achieved positive EPS in a quarter but are expected to do so in the near future.

GigOptix, Inc. Ranked 125th Fastest Growing Company in North America on Deloitte’s 2012 Technology Fast 500™
SAN JOSE, Calif.--(BUSINESS WIRE)--Nov. 14, 2012-- GigOptix, Inc. (NYSE MKT: GIG) today announced it ranked 125th on Deloitte's Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. GigOptix grew 916% percent during this period.

GigOptix's Chairman and CEO, Dr. Avi Katz, credits the use of a strong strategic business plan and the deep understanding of future technology needs - mainly 100G and 400G - with the company's 916% revenue growth. He said, "Upon inception in 2007, we created a business strategy based upon 3 pillars: 1. Innovation; 2. Execution; and 3. Financial Growth Engine. These core ideals still hold true and strong today and have helped us become the leader in 100G semiconductor and optical components that enable high-speed information streaming. We are honored to be recognized as a Technology Fast 500TM company again this year and we look forward to future years of expanding growth."

"We are proud to honor the 2012 Technology Fast 500™ companies, and commend them for their outstanding growth," said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications (TMT) leader. "These ground-breaking companies have outpaced their competition and are reinventing the way we do business today."

"The companies on the Fast 500 list are among those that have demonstrated remarkable innovation, creativity and business savvy," said Bill Ribaudo partner, Deloitte & Touche LLP and national TMT leader for audit and enterprise risk services (AERS). "As a result, these companies have continued to successfully forge ahead in a challenging economic environment. We applaud the leadership and employees of GigOptix for this impressive accomplishment."

GigOptix previously ranked 95th as a Technology Fast 500™ award winner for 2011.

About Deloitte's 2012 Technology Fast 500™

Technology Fast 500, conducted by Deloitte & Touche LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies - both public and private - in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2007 to 2011.

In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.

About GigOptix, Inc.

GigOptix is a leading fabless supplier of semiconductor and optical components that enable high-speed end-to-end information streaming over the network and address emerging high-growth opportunities in the communications, industrial, defense and avionics industries. GigOptix offers a unique broad portfolio of Drivers, TIAs and TFPSTM optical modulators for 40G, 100G and 400G fiber-optic telecommunications and data-communications networks, and high performance MMIC solutions that enable next generation wireless microwave systems up to 90GHz and drivers. GigOptix also offers a wide range of digital and mixed-signal ASIC solutions and enables product lifetime extension through its GigOptix Sunset Rescue Program. For more information, please visit http://www.gigoptix.com.

Source: GigOptix, Inc.

Media:
GigOptix, Inc.
Parker Martineau, 408-522-3100
Corporate Communications Manager
pmartineau@gigoptix.com
or
Investor Relations:
Summit IR Group
Jim Fanucchi, 408-404-5400
ir@gigoptix.com


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To: The Ox who wrote (112)12/27/2012 12:12:23 PM
From: The Ox
   of 148
 
Events
On March 19-21, 2013, GigOptix will be exhibiting at OFC2013 at the Anaheim Convention Center in Anaheim, California. Please visit us!

On June 2-7, 2013, GigOptix will be exhibiting at IMS2013 in Seattle, Washington. Please visit us at booth #2507.

The last earnings release:

ir.gigoptix.com

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From: tktrimbath12/31/2012 11:02:34 PM
1 Recommendation   of 148
 
My End of Year Review of GIG

INTRO Here's my semi-annual exercise to see if I remember why I own the stocks I own, and so I can check back and see if their stories have changed. I post in case it helps others too.

GigOptix
GIG (was GGOX) (market cap $0.041B)
GigOptix is a high tech company selling very high rate switches to telecommunications networks. Other applications exist, but predominantly, GigOptix makes and sells those critical components that allow some of the fastest, if not the fastest, switch rates between electrical and optical signals. Someone has to make the switch that lets us download and stream movies with hesitation. It wasn't possible before, but is possible now. They aren't the only ones selling into this market, but they are selling to this market that few except the techies see. Revenues have more than doubled in the last few years. Whatever competition they have isn't enough to pull away all of the market share. The company is quiet with press releases, and when they do announce something it can be hard to understand its significance because of the arcane nature of the technology.

Price to book and price to sales are both below 2, which is a good level for a construction firm, but surprisingly low for high tech electro-optics. My favorite analogy is f5 networks, which languished for many years because their products were aimed at the tech staff of similar companies. Eventually they made enough money that people noticed what they were doing, despite being overshadowed by a major competitor like Cisco.

Their market is growing. They're making money. Their products are relatively new. There is significant potential as word-of-mouth amongst techies (which is probably not word-of-mouth but a series of texts) gets around.

DISCLOSURE LTBH of LMRA since 2004. I'd be interested in buying more if I have discretionary cash (which I don't - let me check my lottery tickets). Unfortunately, I may have to sell if I can't find a job or sell my house.
(I've also collected links to the other discussion boards and my other stocks over on my blog trimbathcreative.wordpress.com . There is also a longer description of history between GIG and me on my blog trimbathcreative.wordpress.com

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From: The Ox1/10/2013 12:12:46 PM
   of 148
 
GigOptix, Inc. (AMEX: GIG) announced preliminary revenues of approximately $8.0 million, including recognition of approximately $0.9 million of previously unrecognized government contract revenue, for its fourth quarter of fiscal 2012, ended December 31, 2012. This compares with the previous outlook provided on October 30, 2012, that fourth quarter fiscal 2012 revenues would be roughly in-line with third quarter fiscal 2012 revenues of $10.1 million.

*** The Street sees Q4 revs of $10.1 million.

Revenues for fiscal 2012 are expected to be approximately $37 million. This compares with $32.3 million in fiscal 2011, representing a year-over-year increase of approximately 14 percent. The annual increase resulted solely from organic growth as the Company did not enter into any mergers or acquisitions in 2012.

Certain factors that contributed to the lower than expected revenues in the fourth quarter of fiscal 2012 included weaker demand in the markets the Company currently serves, challenging macroeconomic conditions, and a push-out into the first half of 2013 of some anticipated deployments within the Company’s optical product line.

The Company also announced today that it has taken immediate actions to adjust overall spending as it continues to focus on its Adjusted EBITDA1 performance. Selected actions, which became effective today, January 9, 2013, include reducing the Company’s global workforce by about 10 percent, primarily in the Company’s support and administrative functions, and company-wide salary reductions ranging between 5 to 25 percent based on an individual’s salary level.

These actions are expected to result in approximately $450,000 of quarterly cost savings once the plan is fully implemented.

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To: tktrimbath who wrote (114)1/10/2013 12:21:13 PM
From: The Ox
   of 148
 
Even though they are "high tech", GIG's growth rate of 14% is why they are trading at a price to sales below 2....er after this morning's trading down to a P/S of 1.

The push out of new products is also a concern.

However, if you want to own the stock, today is probably a great day to start building more of a position, as the volume in GIG is very low on a daily basis.

(I know you already have a position, so that last statement isn't really directed at you, tkt.)

Before today, the 2013 revenue expectations were for $47 Million. If they can achieve anything like this, the stock looks like a very solid value here at $1.65. Having said this, patience will be required, IMO, and I will assume that it will be very much like watching paint dry for the first part of next year.

Best of luck with the job search and/or selling your house!!

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From: tktrimbath6/30/2013 6:31:05 PM
   of 148
 
INTRO Here's my semi-annual exercise to see if I remember why I own the stocks I own, and so I can check back and see if their stories have changed. I post in case it helps others too.

GigOptix
GIG (was GGOX) (market cap was $0.041B is $0.028B)
GigOptix is a tiny company providing a critical element to today's internet infrastructure. They produce incredibly fast high-speed electro-optical switches, the component necessary to take an electrical signal, convert it to light for an optical cable, and then have another switch it back at the other end. The more we stream, the higher the bandwidth requirements, the faster those switches must operate. I don't know of a company that makes faster switches (though they probably exist), especially since GigOptix has finally introduced products using Lumera's organic material technology. High performance, few moving parts, little competition. This should be good. (http://trimbathcreative.wordpress.com/2013/05/15/go-gigoptix-go/)

And yet the stock dropped. Fluctuations are common amongst such small stocks, which may explain the volatility. The price to sales is less than one. I think typical companies should have stocks trading at about a price to sales of six. Technology companies should have higher price to sales. Leading edge technology companies, more so. Companies in growing markets more so again. Companies with little competition, again should have a premium. Even just getting up to a price to sales of six suggests an eight-fold increase in the stock price, and that assumes no sales growth or product launches. Like I said last time: I'd be interested in buying more if I have discretionary cash. Unfortunately, I may have to sell if I can't find a job or sell my house.

DISCLOSURE LTBH of LMRA since 2004.
My finances are strained by similar stories throughout what I thought was a diversified portfolio. My house may go into foreclosure, and additional sacrifices may be made, including selling stocks I'd rather hold, or even buy. So, if I sell, it will probably be because I have to, not because I want to.
(I've also collected links to the other discussion boards and my other stocks over on my blog trimbathcreative.wordpress.com . There is also a longer description of history between GIG and me on my blog trimbathcreative.wordpress.com

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From: tktrimbath12/31/2013 8:19:12 PM
1 Recommendation   of 148
 
My EOY review of GIG

INTRO Here's my semi-annual exercise to see if I remember why I own the stocks I own, and so I can check back and see if their stories have changed. I post in case it helps others too.

GigOptix
GIG (market cap was $0.028B is $0.033B)
GigOptix makes very high-end electro-optical switches that are key to the ever-increasing bandwidth demands of the Internet and telecommunications industries. I am particularly interested in their highest speed switches, which if I understand correctly, have very few in any moving parts. The products are relatively new but should now have enough time in production environments to sell themselves.

To me, this is similar to the situation the f5 Networks (FFIV) found itself in though arguably in a larger market. F5 makes high-tech communications equipment, but wasn't noticed because it was much smaller than Cisco (CSCO) and advanced enough that it was harder for analysts to understand. FFIV quietly went from under $3 to over $130. After a more than ten-fold increase I sold, and used the profits to make a large down payment on a small house. If I'd help FFIV a few more years, I could probably have bought the house for cash. So it goes. And so it may go for GIG.

My cautions about GIG are that the company doesn't announce much and that the market may not be large enough to create another FFIV story. Yet, the company's Price to Sales ratio is a quarter what it would be for most high-tech innovators, which suggests at least a four-fold possible upside especially considering their increasing revenue. Growth and publicity could encourage a premium.

DISCLOSURE LTBH of LMRA since 2004. (An earlier post includes a description of how GIG came from GGOX which came from LMRA which came from MVIS which came from UW. trimbathcreative.wordpress.com
(I've also collected links to the other discussion boards and my other stocks over on my blog trimbathcreative.wordpress.com

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From: tktrimbath6/30/2014 8:51:25 PM
   of 148
 
INTRO Here's my semi-annual exercise to see if I remember why I own the stocks I own, and so I can check back and see if their stories have changed. I post in case it helps others too.

GigOptix
GIG (market cap was $0.033B EOY13 is $0.043B mid14)
GigOptix is a high tech electronics switch manufacturer selling the kind of switches that are rarely noticeable to Internet users, but are necessary for the high bandwidth expectations we inherently have behind streaming video, uploads and downloads measured in seconds, and nearly seamless connectivity. The technology is sophisticated enough that any description begins to use terms like "organic" in ways that have nothing to do with farming. The company is also somewhat of a mini-conglomerate with a long history of mergers and acquisitions despite its market cap. At least on a technical basis, the expansion of the product line seems reasonable.

GigOptix's stock, which is GIG which was GGOX which I acquired from an M&A with LMRA which was a spin-off from MVIS (An earlier post describes the progression. trimbathcreative.wordpress.com trades at price/sales and price/book of less than two. Such low multiples are counter to what I expect from such high tech firms in growing markets. It is possible that the M&A activity continues to confuse the books enough that analysts look elsewhere. It is also highly likely that irregular revenues are also discouraging. Extrapolating the profit (loss) trend into next year suggests profitability, an event which usually draws attention and investor interest. M&A accounting can cloud that improvement.

The upside is that large companies start as small companies, and GigOptix has potential to grow as the market grows and as the bandwidth requirements increase, which increases GigOptix's market niche. Few companies can compete with GigOptix's technology.

The downside is that such a small company may stay small, either from the lack of economies of scale, or from competitive pressures from larger companies with larger sales staffs, or because the company's performance meets or exceeds management's corporate and personal goals. I won't fault a person who is content making over a quarter of a million dollars per year in a fashion that is sustainable, which may describe the CEO. Of course, I want my stock to appreciate and make my life easier, but how many times have we faulted managers for greed that far exceeds a "few" hundred thousand a year. An interesting take on perspective.

DISCLOSURE LTBH of LMRA since 2004. Holding because I have enough shares to positively impact my life, but not so many that I feel too exposed to risk. (I've also collected links to the other discussion boards and my other stocks over on my blog trimbathcreative.wordpress.com

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From: tktrimbath12/31/2014 7:44:07 PM
   of 148
 
INTRO Here's my semi-annual exercise to see if I remember why I own the stocks I own, and so I can check back and see if their stories have changed. I post in case it helps others too.

GigOptix
GIG (market cap was $0.043B mid14 is $0.039B EOY14)
GigOptix is a high-tech to the point that a lot of investors in technology don't try to understand it - or buy its stock (GIG), evidently. GigOptix makes very high-speed switches that allow the video streaming and cloud operations that are becoming common. GigOptix's switches include those based on Lumera's technology (a spinoff from MicroVision) using "organic" materials. In this case, organic means using molecules that include carbon, not organic in the farming sense. One of the reasons for the high speed capabilities is that by using the proprietary material, there are fewer, if any, moving parts. There are dozens of applications for the material outside switches, but GigOptix is staying focused on their core business - for now.

Financially, the stock is undervalued compared to other high-tech companies. Most of them are not trading shares at price to sales to price to book ratios near one, as GIG is. Based on conventional valuations, a price to sales of 6 may be more appropriate, suggesting an inherent positive appreciation. The market may, however, be recognizing that GigOptix's growth has not been monotonically increasing. It took a dip in 2013 and may only recover to 2011 levels in their 2014 financial reports. A complicating feature of the company is its history of mergers and acquisitions. While they may be creating an formidable foundation from which to build a much larger firm, they also may be distractions or diversions that make it harder for investors to gain confidence in the core company.

DISCLOSURE LTBH of LMRA since 2004. Holding because I have enough shares to positively impact my life, but not so many that I feel too exposed to risk.
(I've also collected links to the other discussion boards and my other stocks over on my blog trimbathcreative.wordpress.com

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