SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

   Technology StocksTriquint Semiconductor (TQNT)


Previous 10 Next 10 
From: Savant9/17/2014 10:44:41 AM
   of 995
 
TriQuint's Award-Winning TQP9059 MMPA Secures 2014 China ACE Award
Global Sources honors TriQuint for outstanding RF/Wireless/Microwave Product of the Year

HILLSBORO, Ore.--(BUSINESS WIRE)--September 17, 2014--

TriQuint Semiconductor, Inc. (NASDAQ: TQNT), a leading RF solutions supplier and technology innovator, today announced its TQP9059, a versatile multi-mode, multi-band power amplifier (MMPA) module with envelope tracking, earned an award in the Outstanding RF/Wireless/Microwave Products of the Year category at the 2014 China Annual Creativity in Electronics (ACE) Awards.

The highly integrated module not only prolongs battery life with new envelope tracking technology, but also simplifies complex RF design for multi-band smartphones with a new mobile chip interface used by multiple chipset partners. It is designed on TriQuint's GaAs HBT technology with CuFlip(R) assembly offering state-of-the-art reliability, temperature stability and ruggedness. Its RF performance meets the stringent linearity, noise and harmonics requirements for multi-mode operation while simultaneously offering a system current consumption lower by 50mA than the nearest competitor, thus improving battery life.

"For a second year in a row, TriQuint has been recognized by China ACE for our continuing contributions to China's electronics industry," said Locker Jiang, China Sales Director for Mobile Products. "The TQP9059's designation as one of the top products in the semiconductor space is a direct reflection of TriQuint's ongoing commitment to drive innovation and simplify RF design for our customers."

The TQP9059 is one of the earliest envelope tracking MMPAs to be in mass production supporting a leading smartphone. The high-performance product is included on reference designs by multiple chipset manufacturers and is being designed into next-generation smartphones from multiple OEMs.

The China ACE Awards 2014 is presented by Global Sources' (GSOL) leading electronics industry titles: EE Times-China, ESM-China and EDN-China.

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

Strategic MarCom Manager

ann.jansen@triquint.com

Share RecommendKeepReplyMark as Last Read


From: Savant11/3/2014 10:44:38 AM
   of 995
 
riQuint Announces Third Quarter 2014 Results

HILLSBORO, Ore.--(BUSINESS WIRE)--October 28, 2014--

TriQuint Semiconductor, Inc. (NASDAQ: TQNT), a leading RF solutions supplier and technology innovator, announces its financial results for the quarter ended September 27, 2014, including the following highlights:

-- Revenue grew 18% sequentially to $272.1 million -- GAAP gross margin was 45.5%; non-GAAP was 46.6%, up 8.6% year-on-year -- GAAP net income was $0.14 per diluted share, non-GAAP net income was $0.28 per share -- Premium filter revenue grew rapidly, supporting over 50 unique customers -- Base station revenue up 54% year to date compared to 2013 on continued LTE build out -- GaN performance, cost and capacity goals completed as part of the DARPA Title III program -- Expected merger with RFMD anticipated to close this year; Qorvo name announced

Commenting on the results, Ralph Quinsey, President and Chief Executive Officer, stated, "Our financial results in the third quarter were well above expectations due to strong demand and an improved product mix driven by a strategic focus on delivering high performance solutions in each of our markets. The success we are seeing today is due to years of investment in BAW/SAW and high performance GaAs/GaN technologies. We continue to see robust demand and are raising our outlook for the fourth quarter. We remain on track to launch a new combined company, Qorvo, with the merger of TriQuint and RFMD expected to close by year end."

Summary Financial Results for the Three Months Ended September 27, 2014:

Revenue for the third quarter of 2014 was $272.1 million, up 8% from the third quarter of 2013 and 18% sequentially.

Cash and investments increased by $24.4 million this quarter to $247.9 million, driven by operating results and cash proceeds from employee stock option exercises and partially offset by continued investment in premium filter capacity.

GAAP

Gross margin for the third quarter of 2014 was 45.5%, up sharply from 40.2% in the second quarter of 2014 and from 36.8% in the third quarter of 2013 due to product mix and strong factory execution. Operating expenses for the third quarter of 2014 were $87.8 million, up sequentially due to merger and integration related costs.

Net income for the third quarter of 2014 was $26.2 million or $0.14 per diluted share, compared with net income of $5.2 million or $0.03 per diluted share in the second quarter of 2014 and $0.08 per diluted share in the third quarter of 2013.

Non-GAAP

Gross margin for the third quarter was 46.6%, up sharply from 41.7% in the second quarter of 2014 and 38.0% in the prior year. Operating expenses for the quarter were $74.7 million, up slightly sequentially.

Earnings per diluted share for the third quarter of 2014 was $0.28, compared with $0.13 per share in the second quarter of 2014 and $0.16 per diluted share in the third quarter in 2013.

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 expects fourth quarter revenue to range between $330 million and $340 million, up 23% sequentially at the midpoint. Fourth quarter non-GAAP gross margin is expected to be between 46% and 48%, driven by strong factory execution and product mix. Fourth quarter non-GAAP net income per diluted share is expected to be between $0.40 and $0.45. As of today, the company is fully booked to the midpoint of revenue guidance.

Additional Information Regarding Results for the Three and Nine Months Ended September 27, 2014:

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. Q2 vs. Q3 vs. Q3 ---------- --------- --------- Q3 2014 Q2 2014 2014 Q3 2013 2013 Q3 2014 Q3 2013 2013 =========== =========== ========== ========== ========= ========== ========== ========= Revenue $272.1 $230.8 18% $250.8 8% $680.5 $625.1 9% ----- --- ----- --- ----- ----- ----- ----- ----- ----- Gross Profit $123.7 $ 92.7 33% $ 92.2 34% $275.5 $187.7 47% ----- --- ----- --- ----- ----- ----- ----- ----- ----- Gross Margin % 45.5% 40.2% 5.3% 36.8% 8.7% 40.5% 30.0% 10.5% ------ ------ ----- ------ ----- ------ ------ ----- Op Income (Loss) $ 35.9 $ 7.4 385% $ 18.8 91% $ 23.3 $(32.1) 173% ----- --- ----- --- ----- ----- ----- ----- ----- ----- Net Income (Loss) $ 26.2 $ 5.2 404% $ 13.6 93% $ 12.3 $(29.3) 142% ----- --- ----- --- ----- ----- ----- ----- ----- ----- Inc (Loss) per share $ 0.14 $ 0.03 $0.11 $ 0.08 $0.06 $ 0.07 $(0.18) $0.25 ----- --- ----- --- ---- --- ----- ---- ----- ----- ---- NON-GAAP RESULTS (A) -------------------------------------------------------------------------------------------------------------- Three Months Ended Nine Months Ended ----------------------------------------------------------- --------------------------------- Change Change Change ---------- --------- --------- vs. Q2 vs. Q3 vs. Q3 ---------- --------- --------- Q3 2014 Q2 2014 2014 Q3 2013 2013 Q3 2014 Q3 2013 2013 =========== =========== ========== ========== ========= ========== ========== ========= Revenue $272.1 $230.8 18% $250.8 8% $680.5 $625.1 9% ----- --- ----- --- ----- ----- ----- ----- ----- ----- Gross Profit $126.8 $ 96.2 32% $ 95.2 33% $285.6 $196.7 45% ----- --- ----- --- ----- ----- ----- ----- ----- ----- Gross Margin % 46.6% 41.7% 4.9% 38.0% 8.6% 42.0% 31.5% 10.5% ------ ------ ----- ------ ----- ------ ------ ----- Op Income (Loss) $ 52.1 $ 24.3 114% $ 26.7 95% $ 68.0 $ (9.4) 823% ----- --- ----- --- ----- ----- ----- ----- ----- ----- Net Income (Loss) $ 51.4 $ 23.6 118% $ 26.3 95% $ 65.6 $(11.9) 651% ----- --- ----- --- ----- ----- ----- ----- ----- ----- Inc (Loss) per share $ 0.28 $ 0.13 $0.15 $ 0.16 $0.12 $ 0.36 $(0.07) $0.43 ----- --- ----- --- ---- --- ----- ---- ----- ----- ---- A Excludes stock based compensation charges, non-cash tax benefit, certain entries associated with mergers and acquisitions, including expenses associated with the planned merger with RFMD 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 98159203. 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 10, 2014.

Share RecommendKeepReplyMark as Last Read


From: Savant11/24/2014 3:02:16 PM
   of 995
 
GREENSBORO, N.C. and HILLSBORO, Ore., Nov. 24, 2014 /PRNewswire/ -- RF Micro Devices, Inc. (Nasdaq: RFMD) and TriQuint Semiconductor, Inc. (Nasdaq: TQNT) today announced the two companies have received all necessary shareholder and regulatory approvals to move forward with their previously announced merger of equals and have set Wednesday, December 31, 2014, as the anticipated closing date for the transaction. Trading in the common stock of the new combined company, Qorvo, Inc., is expected to commence on the NASDAQ Global Select Market on January 2, 2015, under the stock ticker symbol "QRVO."

TriQuint shareholders will receive 1.675 shares of Qorvo and RFMD shareholders will receive 1 share of Qorvo for each TriQuint or RFMD share held. At the closing of the transaction, the Company will execute a one-for-four reverse stock split.

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.

About RFMD

RFMD (Nasdaq: RFMD) is a global leader in the design and manufacture of high-performance radio frequency solutions. RFMD's products enable worldwide mobility, provide enhanced connectivity, and support advanced functionality in the mobile device, wireless infrastructure, wireless local area network (WLAN or Wi-Fi), cable television (CATV)/broadband, Smart Energy/advanced metering infrastructure (AMI), and aerospace and defense markets. RFMD is recognized for its diverse portfolio of semiconductor technologies and RF systems expertise and is a preferred supplier to the world's leading mobile device, customer premises, and communications equipment providers. RFMD is an ISO 9001-, ISO 14001-, and ISO/TS 16949-certified manufacturer with worldwide engineering, design, sales and service facilities. For more information, please visit RFMD's web site at www.rfmd.com.

Forward-Looking Statements

This communication contains forward-looking statements, including but not limited to those regarding the proposed business combination between RF Micro Devices, Inc. ("RFMD") and TriQuint Semiconductor, Inc. ("TriQuint") (the "Business Combination") and the transactions related thereto. These statements discuss the anticipated closing of the Business Combination, expected trading of the combined company's common stock, and similar statements. Forward-looking statements may contain words such as "expect," "believe," "may," "can," "should," "will," "forecast," "anticipate" or similar expressions, and include the assumptions that underlie such statements. These statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including but not limited to: satisfaction of the conditions precedent to consummation of the Business Combination, in a timely manner or at all; and other risks described in RFMD's and TriQuint's Securities and Exchange Commission ("SEC") filings. All forward-looking statements are based on management's estimates, projections and assumptions as of the date hereof. Neither RFMD nor TriQuint undertakes any obligation to update any forward-looking statements.

No Offer or Solicitation

This communication is for informational purposes only and is neither an offer to purchase, nor a solicitation of an offer to sell, subscribe for or buy any securities, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

Additional Information and Where to Find It

In connection with the proposed Business Combination, Qorvo, Inc., a newly-formed holding company under RFMD ("Qorvo"), has filed with the SEC a Form S-4 (the "Registration Statement"), which was declared effective on July 30, 2014 and which includes a registration statement and a prospectus with respect to Qorvo's shares to be issued in the Business Combination. The Registration Statement contains important information about the proposed Business Combination and related matters. SECURITY HOLDERS ARE URGED AND ADVISED TO READ THE REGISTRATION STATEMENT CAREFULLY. The Registration Statement and other relevant materials and any other documents filed by Qorvo, RFMD or TriQuint with the SEC may be obtained free of charge at the SEC's website, at www.sec.gov. In addition, security holders of TriQuint will be able to obtain free copies of the Registration Statement from TriQuint by contacting Investor Relations by mail at TriQuint Semiconductor, Inc., 2300 N.E. Brookwood Parkway, Hillsboro, Oregon 97124, Attn: Investor Relations Department, by telephone at (503) 615-9413, or by going to TriQuint's Investor Relations page on its corporate website at www.triquint.com; and security holders of RFMD will be able to obtain free copies of the Registration Statement from RFMD by contacting Investor Relations by mail at RF Micro Devices, Inc., 7628 Thorndike Road Greensboro, North Carolina 27409-9421, Attn: Investor Relations Department, by telephone at (336) 678-7088, or by going to RFMD's Investor Relations page on its corporate web site at www.rfmd.com.

RFMD

TQNT-F

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Savant who wrote (987)11/25/2014 8:50:12 AM
From: robert b furman
   of 995
 
HI Savant,

Let's hope this merger of equals starts a semi sector lift off,much like the merger of KLA and Tencor did back in the 1990's.

Merging and gaining synergies is so much smarter than duking out margin wars and losing profitability for market share.

More evidence this sector has matured far beyond most peoples awareness.

1 for 4 reverse split - still don't like the name - sounds like a drink from Mexico.<smile>

Bob

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: robert b furman who wrote (988)11/25/2014 7:20:16 PM
From: Savant
   of 995
 
The old adage about rev splits is.....run, run, run...however...if the fundies are okay, and it's not a desperation move....it can work out...I can think of *2* off hand...lol.

What it sounds like to me, is...a tricky gymnastics move...and I'm certain there'll be some of that....in the HR and Acctng depts.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Savant who wrote (989)11/26/2014 7:34:30 AM
From: robert b furman
   of 995
 
Yup,

I'm afraid its called pink slips.

Not in the brain power buy accounting,payables shipping - look out below.

Always synergies to be had or at least cut out the bad attitudes and dead weight.

Bob

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: robert b furman who wrote (990)11/26/2014 9:02:19 AM
From: The Ox
   of 995
 
Based on the current stock prices, where do you think the new stock will start trading? $80/share?

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: The Ox who wrote (991)11/26/2014 10:10:56 PM
From: Savant
   of 995
 
TQNT $80? post rev. splt.? .... it might..however, based upon P/E, Growth, PEG, a write down on this & that due to the merger, and general dislike for reverse mergers.....I'm seeing 1st support @ 60ish, 2nd @ 30ish...looking @ 3 yr candlestick chart, and considering the foregoing.
WCS....$25.

Much will depend upon growth prospects and how much the shorts think they can get away with....

In the LT, they should do well...IMO

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Savant who wrote (992)11/26/2014 11:35:20 PM
From: The Ox
   of 995
 
RFMD is trading at 14. A 1-4 reverse split is 52 per share. My brain wasn't working well when I wrote the previous post. It will likely be around 55......

Share RecommendKeepReplyMark as Last Read


From: goldworldnet8/10/2015 2:48:20 PM
   of 995
 
Fundamentals of RF and Microwave Transistor Amplifiers

books.google.com

* * *

Share RecommendKeepReplyMark as Last ReadRead Replies (1)
Previous 10 Next 10