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   Technology StocksTriquint Semiconductor (TQNT)


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To: Savant who wrote (968)10/30/2013 3:01:28 AM
From: Savant
   of 995
 
Starboard Asks TriQuint to Make Changes to Mobile Power Amplifier Unit -- Update
(Adds TriQuint response and updates share performance.)

By Ben Fox Rubin

Activist investor Starboard Value LP called on TriQuint Semiconductor Inc. (TQNT) to make changes or consider selling its mobile power amplifier business, claiming the division is a drag on the chip maker.

Starboard, which owns about 8% of the company's stock, said TriQuint has two "strong, growing and highly profitable" segments--the networks and defense unit and bulk acoustic wave filter business--adding those two units alone are worth more than where the company currently trades.

The investor argued those businesses, though, have been overshadowed by the mobile PA business, where "significant utilization issues and missed design cycles have led to large losses and significantly reduced consolidated gross margins."

Starboard asked TriQuint whether it could restructure the mobile PA business so it can operate more profitably or if it should seek to sell its mobile PA business and focus on the other two businesses.

TriQuint, for its part, said it "welcomes constructive input from all shareholders, including Starboard Value LP." The company said it regularly reviews its strategy and has taken "meaningful steps" increase value for its shareholders.

The company's mobile-device business faces intense competition in the sector. On Tuesday, the company reiterated that it has invested in premium filters, among other complementary products. Though the investments presented financial headwinds for the company in the last year and half, TriQuint has said these investments have positioned the company ahead of its competition.

Earlier this month, the company said it swung to a third-quarter profit as it posted improving revenue.

Shares closed Tuesday up 5.7% at $7.76. The stock is up 61% so far this year.

-Michael Calia contributed to this article.

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From: Savant10/31/2013 10:51:03 AM
   of 995
 
TriQuint Acknowledges Receipt of Starboard Value Letter
HILLSBORO, Ore.--(BUSINESS WIRE)--October 29, 2013--

TriQuint Semiconductor, Inc. (NASDAQ: TQNT), a leading RF solutions supplier and technology innovator, has issued the following response to the letter received from Starboard Value LP dated October 29(th) , 2013.

TriQuint welcomes constructive input from all shareholders including Starboard Value LP. TriQuint's Board of Directors and management regularly review the business strategy and have taken meaningful steps to increase shareholder value including the sale of underutilized equipment, share buybacks, as well as the withdrawal from unattractive businesses over time. Given the investments that have been made over the past few years in premium filters combined with a comprehensive suite of complementary products, manufacturing technologies, and packaging options, TriQuint is uniquely positioned to address the current and future trends in the RF industry.

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

VP of Finance & Administration, CFO

Steve Buhaly, +1-503-615-9401

sbuhaly@triquint.com

or

Director, Investor Relations

Grant Brown, +1-503-615-9413

gbrown@triquint.com

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To: Savant who wrote (965)10/31/2013 11:42:51 AM
From: Savant
1 Recommendation   of 995
 
*correction...I just noticed...I meant Dec 20*13* $7 puts...(OA is getting me)..were 55c bid, now 10c x 15c.

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From: Savant2/12/2014 6:08:37 AM
   of 995
 
TriQuint Semi beats by $0.03, reports revs in-line; guides Q1 EPS below consensus, revs below consensus; guides FY14 EPS in-line
Reports Q4 (Dec) earnings of $0.16 per share, $0.03 better than the Capital IQ Consensus Estimate of $0.13; revenues rose 14.6% year/year to $267.7 mln vs the $266.03 mln consensus.
  • Co issues downside guidance for Q1, sees EPS of ($0.13)-($0.11) vs. $0.04 Capital IQ Consensus Estimate; sees Q1 revs of $170-180 mln vs. $224.57 mln Capital IQ Consensus Estimate.
    • Co cites seasonality and a large customer's inventory correction in Mobile Device products.
  • Co issues in-line guidance for FY14, sees EPS to meet or beat $0.49 vs. $0.49 Capital IQ Consensus Estimate. Looking at 2014 as a whole, we expect revenue growth in the mid single digits as strong growth in premium filters is partially offset by significant reductions in lower margin amplifiers and non-strategic foundry revenue. Revenue seasonality should be roughly similar to 2013 with about 40% of revenue coming in the first half of the year. Non-GAAP gross margin is expected to grow about 500 basis points from 2013 levels due to these product mix changes and cost reductions in operations. Operating expenses are expected to decline modestly from 2013. We currently believe non-GAAP earnings per share will meet or beat the current analyst consensus of $0.49.

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From: Savant2/12/2014 6:09:27 AM
   of 995
 
TriQuint Drives LTE Advances with a Growing Line of Unique, High-Performance Filters
As global LTE deployments accelerate, TriQuint leverages its proprietary acoustic wave filtering technologies to solve complex system and chipset challenges for next-gen 4G smartphones and other mobile devices

HILLSBORO, Ore.--(BUSINESS WIRE)--February 11, 2014--

TriQuint Semiconductor, Inc. (NASDAQ: TQNT), a leading RF solutions supplier and technology innovator, today announced several new premium filters for next-generation smartphones and other mobile devices. The high-performance filters utilize the company's advanced acoustic wave filtering technologies to address some of the industry's toughest LTE interference problems.

The number of cellular and Wi-Fi bands packed inside compact high-end smartphones is skyrocketing to support 2G/3G/4G voice and data services, as well as global roaming. Advanced filter technology is required to mitigate the resulting interference issues. A global spectrum crunch adds to the growing interference problems as governments around the world squeeze new 4G bands with higher performance requirements next to existing bands, often with minimal band guards.

"TriQuint's expanding line of advanced filters solves challenging LTE interference issues for mobile device manufacturers and can provide higher data rates over longer distances for end-users," said Sean Riley, Vice President of Mobile Products. "Our specialty quadplexer also enables carrier aggregation techniques for operators eager to boost spectrum efficiency within their overburdened networks. These filters leverage our proprietary acoustic wave technologies to accelerate the next generation of wireless communications."

TriQuint's specialty filters are capturing numerous design wins in high-volume 4G smartphones from multiple manufacturers, as well as coveted sockets on reference designs from leading chipset suppliers. The new filters reflect the TriQuint hallmark: providing industry-leading performance in the world's smallest form factors. They include the industry's first diplexer for LTE Bands 38 and 40, which is more than 30% smaller than discrete solutions. TriQuint also unveiled the first carrier aggregation module for Bands 2/25 and 4, an integrated quadplexer that is half the size of discrete architectures. The company's new Band 7 LTE duplexer and its Band 41 LTE receive filter both achieve exceptionally low insertion loss to help maximize the incoming signal strength, resulting in higher data throughput over longer operating distances.

Product Details

Part # Description Bands Size (mm) Features --------- -------------------- --------- --------- ----------------------- 885043 LTE Tx/Rx Diplexer B38 & B40 1.7 x 1.3 2-in-1 Filter for Full Band 40 Coverage with Low Loss; BAW filter technology --------- -------------------- --------- --------- ----------------------- TQQ2504 LTE SE / SE Duplexer B25 & B4 3.6 x 2.0 B2 /25 / 4 Quadplexer; BAW & SAW filter technology --------- -------------------- --------- --------- ----------------------- TQQ0041 LTE Rx Filter B41 2.0 x 2.0 Low IL and High Wi-Fi Attenuation; BAW filter technology --------- -------------------- --------- --------- ----------------------- TQM976027 LTE SE / SE Duplexer B7 2.0 x 1.6 Excellent Insertion Loss; BAW filter technology --------- -------------------- --------- --------- -----------------------

To learn more about TriQuint's advanced filtering solutions, meet our technology experts at Mobile World Congress in Barcelona Feb. 24-27, or visit triquint.com. To locate TriQuint's distributors, resellers or field sales representatives, see 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.

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: Savant2/24/2014 9:51:00 AM
1 Recommendation   of 995
 
TriQuint, RF Micro Agree to Merge -- Update
By Tess Stynes

TriQuint Semiconductor Inc. and RF Micro Devices Inc. agreed to combine in a deal that will form a new company with a broader range of offerings of mobile-related products and services for the network infrastructure and defense/aerospace industries.

Shares of both companies jumped more than 25% in premarket trading.

Under the deal, which is expected to close in the second half of 2014, TriQuint shareholders will swap each share for 1.675 shares of the new company. RF Micro shareholders, meanwhile, will receive one share in the new company for each RF Micro share held.

The companies are calling the deal a merger of equals. The companies said the transaction represents an implied price of $9.73 for each TriQuint share, a 5.4% premium to Friday's close.

The combined company is expected to generate combined revenue of more than $2 billion. As of Friday's close, RF Micro's market value was $1.64 billion, while TriQuint's was $1.48 billion.

RF Micro Chief Executive Bob Bruggeworth will serve as CEO of the new company, and TriQuint CEO Ralph Quinsey will serve as nonexecutive chairman. TriQuint Chief Financial Officer Steve Buhaly will serve as finance chief, and RF Micro CFO Dean Priddy will serve as executive vice president of administration. The board will be made up of 10 directors, with five directors from the existing board of each company.

The combination is expected to achieve at least $150 million in cost synergies, $75 million in annualized synergies exiting the first year after closing and an additional $75 million exiting the second year.

TriQuint has been under pressure from activist investor Starboard Value LP, which in October called on the company to make changes or consider selling its mobile power amplifier business, saying the unit was a drag on the company. Starboard in December nominated its own slate of board candidates, claiming significant changes were needed to turn around the chip maker's "prolonged underperformance."

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To: Savant who wrote (974)2/24/2014 10:41:47 AM
From: robert b furman
   of 995
 
Another merger/acuisition of equals.

Congrats to the owners of TQNT up nicely this morning.

Fewer and fewer chip maker names out there.

Bob

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To: robert b furman who wrote (975)2/24/2014 8:46:09 PM
From: Elroy
   of 995
 
Still waiting for someboody to buy SIMO.....

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To: Elroy who wrote (976)2/25/2014 9:24:36 AM
From: robert b furman
   of 995
 
Hi Elroy,

Be careful what you ask for.

I think that in tqnt's case the activist stock holders put heat on a management that was carrying an underperforming business.

I'm not surte if it was a management problem or just the business.

I would dare tio say that many onwed Tqnt at a price above the merger pric - so for some it may have been a takeunder.

screencast.com

Bob

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From: Savant4/10/2014 4:11:06 AM
   of 995
 
TriQuint Announces Date for First Quarter 2014 Earnings Release
HILLSBORO, Ore.--(BUSINESS WIRE)--April 09, 2014--

TriQuint Semiconductor, Inc. (NASDAQ: TQNT), a leading RF solutions supplier and technology innovator, will announce its first quarter 2014 results on April 23, 2014, at 1:00 p.m. PDT and will host a conference call with the investment community on the same day at 1:30 p.m. PDT.

Conference Call Information: Date: Wednesday, April 23, 2014 Time: 1:30 p.m. (PDT) Dial-in: 888.813.6582 or 706.643.7082 Conference Call ID #: 8679181

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 May 7, 2014. To access the replay, please dial (855) 859-2056 and enter Conference ID #8679181.

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.

VP of Finance & Administration, CFO

Steve Buhaly, +1-503-615-9401

sbuhaly@triquint.com

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