TriQuint Semi: Details from ongoing earnings call (7.17 +0.29)
Mgmt notes revs were down sequentially, citing reduced demand from largest customer and weakness in China… Says Foxconn was the only customer to exceed 10%… Utilization of factories will decline in Q4 due to inventory reduction, which will impact gross margins… Mgmt says participation in Android ramp is below market. Says substantial growth to TQNT is likely delayed until mid-2012, which will put pressure on margins for a few quarters… TQNT is -14.8% at 6.10 in after-hours.
TriQuint Semi: Additional details from earnings call (7.17 +0.29)
TQNT mgmt repeats they’re seeing lower demand from their largest customer, in legacy products. Adds that they’re also seeing lower infrastructure demand, from widely reported macro headwinds, and seeing a slower traction in Android.
