TriQuint Semiconductor (TQNT)

illogical advice from acacia 09.11.12

This is part of the mobile internet index that Cramer is touting I looked and figured what the hay its worth a shot to see if they grow they way he thinks they will. His thesis is that the mobile internet while be as big a game changer as the original internet was. Being a CTO I do not think it will be that big a movement but it will provide enough growth for his index to work just not be the huge bust out he thinks it will be. What your looking at is replacing every cell phone and laptop with a device that can connect to the internet at broadband speeds form just about anywhere in the US. The only problem I with his choice is that he left out HP and DELL and Lenovo the big laptop makers they will have a play and I am including them in my version of the index. It's been a flop so far but I have hopes.

buy

per cramer

bravobevo

When an equity takes a 28% one day haircut because earnings and outlook disappointed one must decide if the trim was overdone, or if it was just the start on it's way to a buzzcut. The first day rarely tells the story unless the equity recovers most of the haircut the same day TriQuint lulled down the entire day and the adage of buy when others are fearful may not be good advice. Sometimes when an earthquake starts you need to get as far from the epicenter as possible. Nonetheless I've taken my chances on TriQuint Semiconductor after it's haircut today. TriQuint announced a 7% revenue slid, which on the surface doesn't seem to warrant a 28% stock hit. They also announced that orders from one of their two customers were cut drastically as the customer burned off inventory. The perils of only having a few customers magnified. Losing a "large" customer would warrant a large reaction. Burning off inventory, to me, does not seem so grevious, especially in this economy. One would actually wonder why it didn't happen a quarter or two earlier. Speculation is that it was Samsung, a 10% customer with a 50% end of quarter cut, or about 5% of business. For a company whose share price has been near a 5 year high and that continues good growth and has minimal debt, I'm bullish on TriQuint at this entry point. It may take it a few quarters to convince Mr. Market that it has upward momentum, but with chip sells to many of the major handset makers it appears to have some decent momentum.

Parts provider for the coming "Cellular Tsunami". Down almost 30% on recent bad earning report but indications are that they still are positioned to benifit from global economic surge in 2010.

bear rally going to bring this one back.

Mmm...communications...

The idiots were getting run over by their silly stop losses which I call scared money. Down 27% today. They met earnings and were not jumping up and down about the next quarter. Oh well. You buy when you can.

nice trend ...

In seven (7) (iphone, Blackberry models, Palm, HTC) of the top ten (10) selling smartphones (Q2 2009). Handsets account for 60+% of this "debt free" company's top line. Given the frantic growth of smartphones - and Triquint's position in the top selling models - Triquint is poised for substantial growth above current levels.

Improving professional opinion with new technology – should stabilize with an upward trend from here. Even more if the Dow continues to rise

company has show strong growth in revenue - and profit excepting 2008 when prices apparently took a hit - since 2004; has no l/t debt; perhaps most importantly has maintained positive cash flow from operations each year since 2004. 2nd quarter results from June 2009 show increasing gross margins, and should outperform 2008 results in 2009.

Smart phone will explode and evolve to compete with conventional computing

I think they will outperform as the economy improves.

High Value chips for mobile; as mobile grows, so will they.

RFMD-ish

Should double! Might be acquired by a NOK or INTC or TXN.