| From: Savant | 5/16/2013 1:38:29 AM | | | | | | TriQuint Announces $75 Million Stock Repurchase Program
HILLSBORO, Ore.--(BUSINESS WIRE)--May 15, 2013-- TriQuint Semiconductor, Inc. (NASDAQ:TQNT), a leading RF solutions supplier and technology innovator, today announced a program authorizing the repurchase of up to $75 million of the Company's common stock. Under this program, stock repurchases may be made from time to time in the open market at prevailing market prices or through privately negotiated transactions at the discretion of Company management. The timing of open market and privately negotiated purchases will be dependent on market conditions and other corporate considerations, including price, corporate and regulatory requirements and alternative investment opportunities. The Company is not obligated to repurchase any particular amount of common stock during any period and may choose to suspend or discontinue the repurchase program at any time. Shares of common stock repurchased by the Company through the repurchase program will become authorized but unissued shares. As of May 14, 2013, the Company has approximately 163.3 million shares of common stock outstanding. Forward-Looking Statements: This press release contains forward-looking statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements regarding TriQuint's intent to implement a program to repurchase shares of its common stock, the manner in which such program will be implemented, and the level of investment and sources of funding for the program. Actual results may vary materially from those expressed or implied in the statements herein. Risks that may cause these forward-looking statements to be inaccurate include, among others, termination or suspension of the repurchase program, which may occur at any time, changes in the manner in which we implement the program, we may use substantially less than the full $75 million allocated under this repurchase program, fluctuations in the market price of our common stock and other risk factors described in TriQuint's reports on Form 10-K and 10-Q and other filings with the Securities and Exchange Commission. These reports can be accessed at the SEC web site, www.sec.gov. Except as required by law, TriQuint undertakes no obligation to revise or publicly release the results of any revision to these forward-looking statements. A reader of this release should understand that it is not possible to predict or identify all risk factors and should not consider the risk factors described in TriQuint's filings with the Securities and Exchange Commission to be a complete statement of all potential risks and uncertainties. Facts About TriQuint Founded in 1985, TriQuint Semiconductor (NASDAQ: TQNT) is a leading RF solutions supplier and technology innovator for the world's top communications, defense and aerospace companies. People and organizations around the world need real-time, all-the-time connections; TriQuint products help reduce the cost and increase the performance of connected mobile devices and the networks that deliver critical voice, data and video communications. With the industry's broadest technology portfolio, recognized R&D leadership, and expertise in high-volume manufacturing, TriQuint creates standard and custom products using gallium arsenide (GaAs), gallium nitride (GaN), surface acoustic wave (SAW) and bulk acoustic wave (BAW) technologies. The company has ISO9001-certified manufacturing facilities in the U.S., production in Costa Rica, and design centers in North America and Germany. For more information, visit www.triquint.com. TriQuint: Reach Further, Reach Faster(TM) TQNT-F
CONTACT: TriQuint Semiconductor, Inc. VP of Finance & Administration, CFO Steve Buhaly, +1-503-615-9401 steve.buhaly@triquint.com or Media Contact: TriQuint Semiconductor, Inc. Sr. Director, Corporate Communications Brandi Frye, +1-503-615-9488 brandi.frye@triquint.com |
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| From: Savant | 7/24/2013 11:32:12 AM | | | | | | TriQuint Announces Date for Second Quarter 2013 Earnings Release
HILLSBORO, Ore.--(BUSINESS WIRE)--July 10, 2013-- TriQuint Semiconductor, Inc. (NASDAQ: TQNT), a leading RF solutions supplier and technology innovator, will announce its second quarter 2013 results on July 24, 2013 at 1:00 p.m. PDT. The company will host a conference call with the investment community on the same day at 1:30 p.m. PDT. Conference Call Information: Date: July 24, 2013 Time: 1:30 p.m. (PDT) Dial-in: 888.813.6582 or 706.643.7082 Conference Call ID #: 14965216 A webcast of the conference call will be available from the Investors section of the company's website at invest.triquint.com. A replay of the conference call will be available through July 30, 2013. To access the replay, please dial (855) 859-2056 and enter Conference ID # 14965216. FACTS ABOUT TRIQUINT Founded in 1985, TriQuint Semiconductor (NASDAQ: TQNT) is a leading global provider of innovative RF solutions and foundry services for the world's top communications, defense and aerospace companies. People and organizations around the world need real-time, all-the-time connections; TriQuint products help reduce the cost and increase the performance of connected mobile devices and the networks that deliver critical voice, data and video communications. With the industry's broadest technology portfolio, recognized R&D leadership, and expertise in high-volume manufacturing, TriQuint creates standard and custom products using gallium arsenide (GaAs), gallium nitride (GaN), surface acoustic wave (SAW) and bulk acoustic wave (BAW) technologies. The company has ISO9001-certified manufacturing facilities in the U.S., production in Costa Rica, and design centers in North America and Germany. For more information, visit www.triquint.com. TQNT-F TriQuint: Reach Further, Reach Faster(TM) CONTACT: TriQuint Semiconductor, Inc. Steve Buhaly, +1-503-615-9401 VP of Finance & Administration, CFO sbuhaly@triquint.com or Grant Brown, +1-503-615-9413 Director, Investor Relations gbrown@triquint.com |
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| From: Savant | 9/16/2013 12:06:03 PM | | | | | | TriQuint Innovation Powers Broadcom 5G Wi-Fi Reference Designs
Broadcom's 5G Wi-Fi reference designs include TriQuint's high-efficiency WLAN modules and premium 4G / Wi-Fi coexistence filters, providing more speed, range and power savings for consumer devices
HILLSBORO, Ore.--(BUSINESS WIRE)--September 16, 2013--
TriQuint Semiconductor, Inc. (NASDAQ: TQNT), a leading RF solutions supplier and technology innovator, today announced that its TriConnect(R) 5 GHz WLAN front-end modules and premium LTE / Wi-Fi coexistence filters are being leveraged by Broadcom Corporation for use in the company's 5G Wi-Fi reference designs. The 5G Wi-Fi (IEEE 802.11ac) technology delivers faster throughput, longer operating range and extended battery life for smartphones, tablets and other consumer devices.
Broadcom's 5G Wi-Fi reference designs are widely used by engineers developing next-generation consumer devices. Broadcom's highly integrated combo chips offer a complete dual-band 5G Wi-Fi system with Bluetooth, FM radio and software on a single, compact silicon die. TriQuint's ultra-small, high-performance RF components deliver the demanding RF performance required to fully realize the speed, range and power saving benefits of 802.11ac, the latest evolution of Wi-Fi.
"We are proud to be strategically aligned with Broadcom, a well-recognized innovator in wireless communications," said Tim Dunn, Vice President of Mobile Devices. "Broadcom and TriQuint are leaders in delivering 802.11ac-based products. We're enabling gigabit Wi-Fi speeds and solving Wi-Fi / LTE coexistence problems to provide a superior consumer experience."
Analysts expect more than 100 million 802.11ac-enabled devices to ship by the end of 2013, growing to nearly half of all Wi-Fi chipset shipments for the consumer electronics market by 2017, a CAGR of 430%*. TriQuint's TriConnect(R) WLAN products already have captured multiple design wins with leading smartphone manufacturers. Its TQP887051 5GHz WLAN front-end module has been approved for Broadcom reference design BCM4335, while its LTE / Wi-Fi coexistence filter is included on reference designs BCM4335 and BCM4339.
TriQuint introduced the industry's first 802.11ac-ready module for mobile devices last year. "Since then, we have leveraged TriQuint's advanced in-house technology portfolio, the industry's largest, to develop our next-generation Wi-Fi products," Dunn added. "Our 802.11ac technology expertise also expands our future market opportunity for consumer electronics applications such as in-home video distribution."
To learn more about TriQuint's high-performance TriConnect(R) WLAN front-end modules and premium 4G / Wi-Fi coexistence filters announced at the 2013 Mobile World Congress, visit triquint.com or locate TriQuint's distributors, resellers or field sales representatives at www.triquint.com/sales.
By creating more reliable whole-home coverage, Broadcom's 5G Wi-Fi technology overcomes the digital content and wireless device challenge. Broadcom's family of 5G Wi-Fi solutions dramatically improves the wireless range in the home, allowing consumers to watch HD-quality video from more devices, in more places, simultaneously. The increased speed enables consumers to download web content from a mobile device faster and quickly synch large files, such as videos, in a fraction of the time. Visit www.broadcom.com to learn more.
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New High-Performance TriQuint Filters Capture Design Wins in Next-Generation 4G Smartphones
With 4G connections expected to explode nine-fold to 1 billion by 2017, demand is growing for advanced BAW filter technology to solve challenging interference issues
HILLSBORO, Ore.--(BUSINESS WIRE)--September 09, 2013--
TriQuint Semiconductor, Inc. (NASDAQ: TQNT), a leading RF solutions supplier and technology innovator, has captured design wins with its new high-performance filters in next-generation 4G smartphones from multiple manufacturers. These devices utilize TriQuint's advanced bulk acoustic wave (BAW) technology to solve the toughest interference problems in today's increasingly crowded RF spectrum.
"Today's announcement of three new filters will be followed by more products to meet stringent 4G performance requirements around the world. As carriers roll out 4G networks, demand is surging for premium filters, " said Tim Dunn, Vice President of Mobile Devices. "TriQuint offers the industry's broadest portfolio of filters based on BAW, SAW and TC-SAW technology. Our BAW filter production has increased significantly, based on multiple new smartphone design wins." According to analysts, 4G connections are expected to explode to 1 billion by 2017*.
Some 4G bands are being squeezed right next to existing Wi-Fi spectrum, with little or no band guards. Mobile device manufacturers rely on TriQuint's high-performance filters to keep RF signals in the crowded spectrum isolated from one another, thereby preventing problems such as dropped calls. TriQuint has begun shipping several new BAW filters in high-volume smartphones and continues to expand its product portfolio to address the most vexing filtering challenges.
Product Details
Part # Description Bands Size (mm) Features ------ ------------------ ------------------- --------- ------------------ 885026 LTE Filter with 38 1.4 x 1.2 40dB minimum advanced BAW rejection in WLAN technology band; 10dB minimum rejection for Band 7 Rx 885041 2.4GHz Wi-Fi / LTE 7/38/40 & 2.4 GHz 1.7 x 1.3 15dB minimum Diplexer Filter Wi-Fi rejection in WLAN with advanced BAW band; diplexing technology enables use of single antenna for cellular and Wi-Fi 885049 LTE Filter with 40 1.4 x 1.2 40dB minimum advanced BAW rejection in WLAN technology band with best-in-class insertion loss
For more information about the company's high-performance filter and duplexer products, visit www.triquint.com/applications/mobile-devices/passive-products. To locate one of TriQuint's distributors, resellers or field sales representatives, please visit www.triquint.com/sales.
FORWARD LOOKING STATEMENTS
This TriQuint Semiconductor, Inc. (NASDAQ: TQNT) press release contains forward-looking statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Readers are cautioned that forward-looking statements involve risks and uncertainties. The cautionary statements made in this press release should be read as being applicable to all related statements wherever they appear. Statements containing such words as 'leading,' 'high-performance,' 'best-in-class' or similar terms are considered to contain uncertainty and are forward-looking statements. A number of factors affect TriQuint's operating results and could cause its actual future results to differ materially from any results indicated in this press release or in any other forward-looking statements made by, or on behalf of, TriQuint including, but not limited to: those associated with the unpredictability and volatility of customer acceptance of and demand for our products and technologies, the ability of our production facilities and those of our vendors to meet demand, the ability of our production facilities and those of our vendors to produce products with yields sufficient to maintain profitability, as well as the other "Risk Factors" set forth in TriQuint's most recent 10-Q report filed with the Securities and Exchange Commission. This and other reports can be found on the SEC web site, www.sec.gov. A reader of this release should understand that these and other risks could cause actual results to differ materially from expectations expressed / implied in forward-looking statements.
FACTS ABOUT TRIQUINT
Founded in 1985, TriQuint Semiconductor (NASDAQ: TQNT) is a leading global provider of innovative RF solutions and foundry services for the world's top communications, defense and aerospace companies. People and organizations around the world need real-time, all-the-time connections; TriQuint products help reduce the cost and increase the performance of connected mobile devices and the networks that deliver critical voice, data and video communications. With the industry's broadest technology portfolio, recognized R&D leadership, and expertise in high-volume manufacturing, TriQuint creates standard and custom products using gallium arsenide (GaAs), gallium nitride (GaN), surface acoustic wave (SAW) and bulk acoustic wave (BAW) technologies. The company has ISO9001-certified manufacturing facilities in the U.S., production in Costa Rica, and design centers in North America and Germany. For more information, visit www.triquint.com.
*Based on data from Mobile Experts and ABI Research
TriQuint: Reach Further, Reach Faster(TM)
CONTACT: TriQuint Semiconductor, Inc.
Ann Jansen, +1-503-615-9127
Marketing Comms Manager
ann.jansen@triquint.com |
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| From: Savant | 10/1/2013 12:42:03 PM | | | | | | | TriQuint Introduces Industry's Most Integrated Small Cell Power Amplifier: Reduces Board Space 50% | HILLSBORO, Ore. & RICHARDSON, Texas--(BUSINESS WIRE)--September 26, 2013--
TriQuint Semiconductor, Inc. (NASDAQ:TQNT), a leading RF solutions supplier and technology innovator, today introduced its first integrated power amplifier solution for 'small cell' and active antenna base stations that dramatically reduces board space while delivering high efficiency. Small cell solutions are key components in 3G/4G mobile networks including LTE.
TriQuint's integrated small cell power amplifier, the TGA2450-SM, is the first in a family serving all key mobile infrastructure frequency bands. The new power amplifier and other integrated solutions for base station, networks and defense applications will be displayed during the European Microwave Week exhibition, October 8-10, 2013 (Nuremberg, Germany).
As the name implies, 'small cell' radio systems have deliberately-defined coverage areas that can improve connectivity where it is most needed. The radio transceivers in these systems are smaller by design to support indoor or outdoor deployment as required. By significantly reducing board space, network infrastructure OEMs can reduce the size of radio systems and their bills of materials.
"The market trend is towards more densely-packed, smaller radio links--small cells. TriQuint's highly-integrated solution offers the flexibility to support our customers' emerging designs. Our product family uses only half the space of traditional discrete parts," says Infrastructure and Defense Products Vice President and General Manager, James L. Klein.
Noted infrastructure researcher Earl J. Lum reports that small cell and active antenna solutions will be a growing part of infrastructure and future heterogeneous networks supporting faster 3G/4G data rates.
"Highly integrated power amplifier solutions such as the TGA2450-SM and filtering technology offered by TriQuint support additional network capacity, higher efficiency systems and reduced system BOMs. The overall LTE outdoor microcell market is expected to begin high volume shipments in 2014 and reach USD $1.8 billion by 2017," said Earl J. Lum, President of EJL Wireless Research.
New Base Station Product Details:
Average Frequency Output PAR / P3dB Vcc Range Power (dBm) / Gain / Linearity Package Part Description (GHz) (W) (W) (dB) PAE (dBc) Style Number ------------ ---------- ------- ---------- ---- --- --------- ------- ---------- PA Module 18 with & 5 Integrated / Doherty 2.11-2.17 2.5 7.5-8 / 18 35 35% -55 ACLR SMP TGA2450-SM ------------ ---------- ------- ---------- ---- --- --------- ------- ----------
Visit TriQuint during European Microwave Week in Stand 130/141, October 8-10 in the Nuremberg Convention Center. Contact TriQuint to arrange a meeting. Samples and evaluation fixtures of the new power amplifier are available. Register to receive product updates and TriQuint's newsletter. Visit us online for complete base station solutions.
FORWARD LOOKING STATEMENTS |
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| From: Savant | 10/1/2013 12:42:55 PM | | | | | | | TriQuint Expands Industry's Largest SMT Optical Modulator Driver Portfolio with New 100-200 Gb/s Solutions | See TriQuint at ECOC, the Largest European Optical Communications Event
HILLSBORO, Ore.--(BUSINESS WIRE)--September 24, 2013--
TriQuint Semiconductor, Inc. (NASDAQ:TQNT), a leading RF solutions supplier and technology innovator, today announced four new optical network products that expand the company's industry-leading portfolio with miniaturized and integrated modules. TriQuint high performance optical components reduce overall system costs, simplify RF design and shrink board space for today's 100 Gb/s optical fiber networks and future 200/400G systems.
In a market once dominated by connectorized modules four or five times the size of TriQuint's surface mount technology (SMT) modulator drivers, it's easy to see why smaller, more economical solutions continue to win market share. While legacy 'gold brick' modules once met needs, they were complex to assemble, burdened by high cost and power dissipation, while also demanding substantial PCB real-estate.
TriQuint introduced the first SMT modulator drivers for high-capacity optical networks, and has since built the industry's largest product portfolio. TriQuint solutions offer higher performance, ease of manufacturing, greater efficiency and integrated functionality. TriQuint's unique semiconductor passivation technology enables modulator drivers and other products to endure harsh conditions better than any other, which lowers maintenance and extends operational lifetimes.
"As we expand our optical product portfolio, we remain committed to improving the performance and lowering system costs for our customers. TriQuint solutions continue to set RF performance and reliability standards for current 100G and next-generation high capacity networks required to support the exponential growth in video and data demand," remarked James L. Klein, Vice President and General Manager for Infrastructure and Defense Products.
Infonetics Research forecasts continued growth for 100G networks and components, particularly for lower cost formats such as CFP2. "Operators no longer view 100G as an exotic technology and the market is entering a new stage of growth where lower equipment cost is a critical catalyst to wider adoption. Lower cost 100G networks will accelerate adoption of the technology into higher volume parts of the market, such as the metro. High performance, surface-mount solutions like TriQuint's continue to play key roles in the transition to 100G systems and beyond," said Infonetics' Andrew Schmitt, Principal Analyst, Optical.
New TriQuint Solutions
TGA4894-SL -- TriQuint's new lead-less SMT dual-channel linear driver reduces part counts by half compared to single-channel devices while meeting the higher order 16 QAM (quadrature amplitude modulation) requirements for 200/400G systems; it is based on TriQuint's proven single-channel solutions. The new TGA4894-SL exhibits high gain, low Total Harmonic Distortion (THD) and high channel-to-channel isolation. The TGA4894-SL's high gain (33dB) is a key benefit. When paired with commonly utilized / low-power DACs, it provides sufficient gain to deliver more than 7Vpp to industry-standard modulators; this results in low THD (3%), a key requirement for 200/400G systems.
TGA4957-SM -- TriQuint's TGA4957-SM is designed for 40/100G long-haul and regional markets as well as ultra-long haul (1000-4000+km) systems employing DP-BPSK modulation. It reduces the device footprint by 50% compared to prior generations.
TGA4840-SM -- This new modulator driver provides world-class power dissipation not exceeding 165mW for 32G baud rates in a miniaturized form factor. This enables TriQuint to grow its portfolio into short-reach / access network applications including those connecting smartphones and tablets. The TGA4840-SM is ideal for 'hot pluggable' modules supporting the CFP2/CFP4 standards that are one-half to one-quarter the size of standard CFP modules.
TGA2565-SM -- TriQuint's new SMT wideband clock driver covers three key frequencies: 11.3, 14.5 and 16.5 GHz. The TGA2565-SM integrates analog gain control (AGC) that eliminates an off-chip component and utilizes industry standard plastic encapsulated SMT packaging. This solution reduces part counts while covering three frequencies with one product.
TriQuint representatives will be available at ECOC in London on September 25 in Meeting Room 9. Contact TriQuint to discover ways TriQuint's latest RF optical solutions can reduce costs and improve performance in your design. TriQuint modulator drivers, clock drivers and transimpedance amplifiers deliver industry-leading solutions. Visit us online for complete optical RF portfolio details and register to receive product updates and TriQuint's newsletter.
Product Solutions Technical Details: Contact TriQuint for additional information.
Optical Drivers -------------- -------------- ------------- ------ ---- ------ --- ---- Frequency Gain IQ Part Description (GHz) Vpp (dB) 3dB BW +V (mA) -------------- -------------- ------------- ------ ---- ------ --- ---- TGA4957-SM 28 Gb/s 6 Vpp DC-28 4-8 22 25 4-5 450 Differential Driver; 6x6mm(2) -------------- -------------- ------------- ------ ---- ------ --- ---- CFP2 / CFP4 TGA4840-SM Pkg'd DC-32 1.5 10 28 3.3 50 Driver; 4x3mm(2) -------------- -------------- ------------- ------ ---- ------ --- ---- 100 Gb/s TGA4894-SL Linear Dual DC-34 5-8 35 25 5-7 650 Driver, 2 Internal Bias-T's -------------- -------------- ------------- ------ ---- ------ --- ---- Optical Clock 11.3, 14.5 TGA2565-SM Driver 16.5 27 dBm 27 17 6 210 with Integrated AGC (11-17) ----------------------------- ------------- ------ ---- ------ --- ----
FORWARD-LOOKING STATEMENTS
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| From: Savant | 10/24/2013 7:06:56 AM | | | | | | | TriQuint Announces Third Quarter 2013 Results |
HILLSBORO, Ore.--(BUSINESS WIRE)--October 23, 2013--
TriQuint Semiconductor, Inc. (NASDAQ: TQNT), a leading RF solutions supplier and technology innovator, announces its financial results for the quarter ended September 28, 2013, including the following highlights:
-- Revenue for the quarter grew 32% sequentially to $250.8 million -- GAAP net income for the quarter was $13.6 million, or $0.08 per diluted share -- Non-GAAP net income for the quarter was $26.3 million, or $0.16 per diluted share -- Mobile Devices market revenue grew 53% sequentially and 42% over the same period a year ago -- Acquired CAP Wireless and its Spatium(TM) technology -- Won business with multiple customers with new BAW products -- Announced 5G Wi-Fi reference designs with Broadcom -- Introduced industry's most integrated small cell power amplifier for increasing network capacity -- Released new 100-200 Gb/s solutions to support the worldwide build-out of optical fiber networks
Commenting on the results, Ralph Quinsey, President and Chief Executive Officer, stated, "I am pleased with the strong growth and substantially improved earnings we achieved this quarter. Strong mobile demand drove improved factory utilization while expenses were managed closely. RF content growth is being fueled by next-generation smartphones operating in a more crowded spectrum with expanding frequency requirements. TriQuint is uniquely positioned to supply high-performance solutions for the most challenging and complex RF front end requirements."
Summary Financial Results for the Three Months Ended September 28, 2013:
Revenue for the third quarter of 2013 was $250.8 million, up 25% from the third quarter of 2012 and up 32% sequentially. Revenue grew 53% and 11% in the mobile devices and defense end markets respectively, but declined 11% in the networks end market sequentially. The decline in networks was largely driven by a reduction in non-strategic foundry business.
Cash and investments decreased by $62.4 million to $26.9 million in the quarter. Growth in accounts receivable and repayment of debt drove the decline.
GAAP
Gross margin for the third quarter of 2013 was 36.8%, up sequentially from 29.8% due primarily to higher revenue and factory utilization. Operating expenses for the third quarter of 2013 were $73.4 million, consistent with the previous quarter.
Net income for the third quarter of 2013 was $13.6 million or $0.08 per diluted share, compared with a net loss of $14.9 million, or $(0.09) per share, in the previous quarter.
Non-GAAP
Gross margin for the third quarter was 38.0%, up sequentially from 31.3% due to higher revenue and improved factory utilization. Operating expenses for the quarter were $68.6 million, down 1% sequentially.
Net income for the third quarter of 2013 of $26.3 million, or $0.16 per diluted share, improved sequentially from a net loss of $10.9 million or $(0.07) per share.
Please see the discussion of non-GAAP financial measures below and the attached supplemental schedule for a reconciliation of GAAP to non-GAAP financial measures.
Outlook:
The company believes fourth quarter 2013 revenue will be between $260 million and $270 million. Fourth quarter revenue is currently 88% booked to the midpoint of this guidance. Non-GAAP gross margin is expected to be between 35% and 36%. Fourth quarter non-GAAP net income is expected to be between $0.12 and $0.14 per diluted share.
Additional Information regarding September 28, 2013 Results:
GAAP and non-GAAP financial measures are presented in the tables below (in millions, except for percentage and per share information). Non-GAAP financial measures are reconciled to the corresponding GAAP financial measures in the table later in this press release.
GAAP RESULTS ------------------------------------------------------------------------------ ---------- ---------- ---------- Three Months Ended Nine Months Ended ================================================================== ================================== Change Change ----------- ---------- Change vs. vs. Q2 Q3 vs. Q3 ----------- ----------- ---------- Q3 2013 Q2 2013 2013 Q3 2012 2012 Q3 2013 Q3 2012 2012 ============ ============ =========== ============ =========== ========== ========== ========== Revenue $250.8 $190.1 32% $200.8 25% $625.1 $595.6 5% ----- ---- ----- ---- ----- --- ----- ---- ----- --- ----- ----- ------ Gross Profit $ 92.2 $ 56.7 63% $ 61.6 50% $187.7 $169.1 11% ----- ---- ----- ---- ----- --- ----- ---- ----- --- ----- ----- ------ Gross Margin % 36.8% 29.8% 7.0% 30.7% 6.1% 30.0% 28.4% 1.6% ------ --- ------ --- ----- --- ------ --- ----- --- ------ ------ ------ Op Income (loss) $ 18.8 $(16.4) 215% $ (5.5) 442% $(32.1) $(33.5) 4% ----- ---- ----- --- ----- --- ----- --- ----- --- ----- ----- ------ Net Income (loss) $ 13.6 $(14.9) 191% $(11.2) 221% $(29.3) $(22.4) (31)% ----- ---- ----- --- ----- --- ----- --- ----- --- ----- ----- ------ Inc(loss) per share $ 0.08 $(0.09) $0.17 $(0.07) $0.15 $(0.18) $(0.14) $(0.04) ----- ---- ----- --- ---- ---- ----- --- ---- ---- ----- ----- ----- NON-GAAP RESULTS (A) ------------------------------------------------------------------------------ ---------- ---------- ---------- Three Months Ended Nine Months Ended ------------------------------------------------------------------ ---------------------------------- Change Change ----------- ---------- Change vs. vs. Q2 Q3 vs. Q3 ----------- ----------- ---------- Q3 2013 Q2 2013 2013 Q3 2012 2012 Q3 2013 Q3 2012 2012 ============ ============ =========== ============ =========== ========== ========== ========== Revenue $250.8 $190.1 32% $200.8 25% $625.1 $595.6 5% ----- ---- ----- ---- ----- --- ----- ---- ----- --- ----- ----- ------ Gross Profit $ 95.2 $ 59.5 60% $ 65.3 46% $196.7 $180.8 9% ----- ---- ----- ---- ----- --- ----- ---- ----- --- ----- ----- ------ Gross Margin % 38.0% 31.3% 6.7% 32.5% 5.5% 31.5% 30.4% 1.1% ------ --- ------ --- ----- --- ------ --- ----- --- ------ ------ ------ Op Income (loss) $ 26.7 $(10.1) 364% $ 3.3 709% $ (9.4) $ (7.0) (34)% ----- ---- ----- --- ----- --- ----- ---- ----- --- ----- ----- ------ Net Income (loss) $ 26.3 $(10.9) 341% $ 2.5 952% $(11.9) $ (8.4) (42)% ----- ---- ----- --- ----- --- ----- ---- ----- --- ----- ----- ------ Inc(loss) per share $ 0.16 $(0.07) $0.23 $ 0.02 $0.14 $(0.07) $(0.05) $(0.02) ----- ---- ----- --- ---- ---- ----- ---- ---- ---- ----- ----- ----- A Excludes stock based compensation charges, non-cash tax (benefit) expense, certain entries associated with acquisitions and other specifically identified non-routine transactions. ---------- ------------------------------------------------------------------ ---------- ---------- ----------
Conference Call:
TriQuint will host a conference call this afternoon at 1:30 p.m. PDT to discuss the results for the quarter and our future expectations for the company. To access the conference call, please dial (888) 813-6582 domestically, or (706) 643-7082 internationally, approximately ten minutes prior to the beginning of the call, using passcode 77085822. The call can also be heard via webcast accessed through the "Investors" section of TriQuint's web site at: invest.triquint.com. A replay of the conference call will be available until November 6, 2013.
Non-GAAP Financial Measures:
Adjustment for charges associated with acquisitions 0.01 ------ Forward Looking Q4 non-GAAP Net Earnings per Share $ 0.13 CONTACT: TriQuint Semiconductor, Inc.
Steve Buhaly, +1-503-615-9401
VP of Finance & Administration, CFO
steve.buhaly@triquint.com
or
Grant Brown, +1-503-615-9413
Director, Investor Relations
grant.brown@triquint.com
or
Media Contact:
Brandi Frye, +1-503-615-9488
Sr. Director, Corporate Communications
brandi.frye@triquint.com
This press release provides financial measures for non-GAAP net income (loss), diluted earnings (loss) per share, gross profit, gross margin, operating expenses and operating income (loss) that exclude equity compensation expense, non-cash tax expense (benefit), certain entries associated with acquisitions and other specifically identified non-routine items, and are therefore not calculated in accordance with accounting principles generally accepted in the United States ("GAAP"). The charges associated with acquisitions reflect the amortization of intangible and tangible assets and changes to the earnout liability estimates recorded in connection with acquisition accounting and charged to the income statement. The non-cash tax expense (benefit) excludes certain deferred tax charges and benefits that do not currently result in a tax payment or tax refund. Management believes that these non-GAAP financial measures provide meaningful supplemental information that enhances management's and investors' ability to evaluate TriQuint's operating results.
These non-GAAP financial measures are not intended to be used in isolation and should not be considered a substitute for any other performance measure determined in accordance with GAAP. Investors and potential investors are cautioned that there are material limitations associated with the use of non-GAAP financial measures as an analytical tool, including that other companies may calculate similar non-GAAP financial measures differently than we do, limiting their usefulness as a comparative tool. The company compensates for these limitations by providing specific information regarding the GAAP amount excluded from the non-GAAP financial measures. The company further compensates for the limitations of our use of non-GAAP financial measures by presenting comparable GAAP measures more prominently. Investors and potential investors are encouraged to review the reconciliation of non-GAAP financial measures contained within this press release with our GAAP net income and net income per share.
Forward-Looking Statements:
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| To: Savant who wrote (963) | 10/24/2013 10:03:42 AM | | From: robert b furman | | | | Triquint down 16% to 6.97.
What a reward for turning a profit eh?
Bob
Edit just sold 50 2015 5.00 puts @ 45 cents.
If put to me my net cost would be 4.55 cents strong support at 4.35 and the company is now profitable and has 5G mobile phone solutions.
Military is probably to be impacted by sequester but their chips will be put off at the end vs the beginning imho.
Bob |
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| To: Savant who wrote (965) | 10/24/2013 10:39:43 AM | | From: robert b furman | | | | I sold 50 2015 5's for 45 cents.
I always give up some premium just so I buy at a good entry - 4.55 is about 20 cents over solid support over the last 2 years.
Putting up some cash as collateral and getting better than my broker gives.LOL
Thanks for the great idea.
Bob |
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| From: Savant | 10/28/2013 9:06:53 PM | | | | | | | TriQuint Announces Details of Investor and Analyst Day | HILLSBORO, Ore.--(BUSINESS WIRE)--October 28, 2013--
TriQuint Semiconductor, Inc. (NASDAQ: TQNT), a leading RF solutions supplier and technology innovator, will hold its Investor and Analyst Day in New York on October 31, 2013 from 8:00 a.m. to approximately 11:30 a.m. EDT. The link to the audio webcast along with the presentation materials will be made available prior to the event on the Investors' section of the company's website at invest.triquint.com.
FACTS ABOUT TRIQUINT
Founded in 1985, TriQuint Semiconductor (NASDAQ: TQNT) is a leading global provider of innovative RF solutions and foundry services for the world's top communications, defense and aerospace companies. People and organizations around the world need real-time, all-the-time connections; TriQuint products help reduce the cost and increase the performance of connected mobile devices and the networks that deliver critical voice, data and video communications. With the industry's broadest technology portfolio, recognized R&D leadership, and expertise in high-volume manufacturing, TriQuint creates standard and custom products using gallium arsenide (GaAs), gallium nitride (GaN), surface acoustic wave (SAW) and bulk acoustic wave (BAW) technologies. The company has ISO9001-certified manufacturing facilities in the U.S., production in Costa Rica, and design centers in North America and Germany. For more information, visit www.triquint.com.
TQNT-F |
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